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#28 Wang Jianlin $28.3B

Random fact: Father was a combat veteran in World War II and China's civil war.


Wang is chairman and founder of Dalian Wanda Group, a closely held Chinese conglomerate. The Beijing-based business has interests in property development, department stores, and leisure businesses, and became the world's largest cinema operator after buying Kansas City-based AMC Entertainment for $2.6 billion in 2012.

As of Dec. 16, 2017:
Last change -$138M (-0.5%)
YTD change -$2.09B (-6.9%)
Industry Real Estate
Biggest asset Dalian Wanda Commercial Properties
Citizenship China
Age 63
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Wang Jianlin's net worth of $28.3B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

More than half of Wang's fortune is derived from his majority stake in Chinese developer Dalian Wanda Commercial Properties. Wang removed Wanda Commercial from the Hong Kong Stock Exchange in September 2016, less than two years after the company went public. He, along with his son and wife, owns about 54 percent of Wanda Commercial directly and through Dalian Wanda Group, according to the company's withdrawal proposal dated Aug. 15, 2016. The billionaire is attributed all of the shares to reflect his status as founder.

Wang also owns 62 percent of publicly traded Wanda Film Holding, according to the company's semi-annual report for 2017. His movie production investments also include Wanda Pictures and Qingdao Wanda Film Investment. Wang controls about 47 percent of Wanda Pictures, which is valued at $2.4 billion according to an Oceanwide Holdings disclosure on March 4, 2016. Qingdao Wanda is valued at $2.9 billion, according to a filing from Oceanwide Holdings on March 4, 2016. Wang is attributed its full value in this analysis because he owns all of the company, according to a Sept. 27, 2017 Bloomberg News report.

Closely held Wanda Department Store had revenue of $2.6 billion in 2016, according to the company's website, and it's valued using the average enterprise value-to-sales and enterprise value-to-Ebitda multiples of five publicly traded peer companies: Intime Retail Group, Golden Eagle Retail, Wing On Co.and New World Dept. A 50 percent discount is applied to account for the lack of transparency and low operating margins.

The billionaire has collected more than 1,000 artworks from a variety of different artists including Pablo Picasso and Claude Monet. His collection is valued at $1.6 billion, according to the company's website. Other assets include financial, sports and tourism businesses, and residential property in London. Miscellaneous liabilities reflect donations, asset purchases, dividends, taxes and market performance.


Birthdate: 10/24/1954
Family: Married, 1 child

Wang was born to a military family in western China's Sichuan province in 1954. His father took the family to northeastern China when he was 15 years old, one year before his son enlisted in the People's Liberation Army. Wang served for 16 years before he was honorably discharged.

He started working as a government clerk in Xigang district in the northern port city of Dalian in 1986, and later took a job at an indebted residential developer affiliated with the district government.

Wang changed the company's name to Dalian Wanda and became the general manager in 1992. During the next 20 years, he developed the business into a diversified conglomerate with interests in commercial property development, tourism, entertainment and department store chains across China.

Wanda agreed in May 2012 to buy AMC Entertainment Holdings for $2.6 billion as part of Wang's efforts to expand into the U.S. and create the world’s biggest cinema company. Dalian Wanda Commercial Properties went public in a December 2014 initial public offering in Hong Kong.

Wang also owned Dalian Wanda Football Club when it held the title in the 1990s, according to reports in the local media. He bought a 20 percent stake in Spain's Atlético Madrid for $52.3 million in January 2015. Xinhua News Agency also reported in 2011 that Wang would spend over $78 million to train young Chinese soccer players in Europe.

Wang told Economic Information Daily that his only son, Wang Sicong, isn't interested in succeeding him and the billionaire will ensure he has a "powerful" board with capable professional managers.

  • 1954 Wang Jianlin is born in Mianyang in China's Sichuan province.
  • 1970 Joins the People's Liberation Army.
  • 1986 Works for the local government in Dalian.
  • 1992 Promoted to general manager of homebuilder Dalian Wanda.
  • 2005 Enters entertainment industry by starting a movie company.
  • 2007 Establishes the Wanda Department Store brand.
  • 2014 Dalian Wanda Commercial raises $3.7 billion through an IPO.
  • 2015 Plans $5 billion U.S. investment in three years after meeting President Obama.