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#297 Jason Jiang $5.82B

Random fact: Favorite restaurant in Shanghai is called Xia Wei Guan.


Jiang is the founder and largest shareholder of Guangzhou-based Focus Media Information Technology, an outdoor advertising company. The publicly-traded business was the first Chinese company to delist from a U.S. exchange and get a higher valuation at home. Focus had revenue of 9.9 billion yuan ($1.5 billion) in 2016.

As of Nov. 23, 2017:
Last change -$41.5M (-0.7%)
YTD change +$1.71B (+41.5%)
Industry Technology
Biggest asset 002027 CS Equity
Citizenship Singapore
Age 44
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Jason Jiang's net worth of $5.82B 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

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Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Jiang's fortune is derived from a 23 percent stake in Focus Media Information Technology. He owns these shares in the Guangzhou, China-based business through holding company Media Management Hong Kong, according to the company's 2017 semi-annual report.

The value of his cash investments is based on an analysis of insider transactions, taxes, market performance and dividends.

Focus Media did not respond to request for comment on Jiang's fortune.


Birthdate: 3/1973
Family: Married, 1 child
Education: 1995, Bachelor's Degree, East China Normal University

Jiang "Jason" Nanchun was born in Shanghai in March 1973. He attended East China Normal University in Shanghai and graduated in 1995 with a Bachelor of Arts degree in Chinese language and literature.

While in college, he founded his own advertising agency, Everease, which he left in 2003 and used his savings to start Focus Media. The idea for the company came about while he was waiting for an elevator in Shanghai. Staring at a nearby poster, he realized that advertisements in motion would be more eye-catching. Long waits for elevators in China meant large numbers of people would view these ads every day.

Focus Media became a success swiftly, prompting Jiang to take the company public in the U.S. on the Nasdaq market in 2005, raising $172 million in its initial public offering. Focus Media went private in 2013 in a $3.7 billion deal that was China's largest leveraged buyout. The company, accused by short-seller Muddy Waters LLC of overstating its ad network, was part of several Chinese stocks that withdrew from U.S. exchanges after becoming concerned that corporate governance requirements were depressing their valuations.

Jiang relisted Focus Media in Shenzhen in 2015 in a $7.2 billion reverse merger.

  • 2003 Jiang founds Focus Media.
  • 2005 Focus Media begins trading in the U.S. on the Nasdaq.
  • 2007 Company acquires Allyes, China's largest internet advertising firm.
  • 2007 Named 'Best China Entrepreneur' by Ernst & Young.
  • 2009 Jiang relinquishes his Chinese citizenship to become a Singapore citizen.
  • 2011 Muddy Waters LLC accuses company of exaggerating size of ad display network.
  • 2013 Focus Media is privatized in a $3.7 billion buyout.
  • 2015 Company relists in Shenzhen via a reverse merger.