WANG JIANLIN (Chinese : 王健林; pinyin : Wáng Jiànlín; born
October 24, 1954) is a Chinese businessman who is the founder of
Dalian Wanda Group , China's largest real estate developer , as well
as the world's largest movie theater operator. He owns 20% of the
Spanish football club
Atlético Madrid . In 2016, Wang agreed a deal
with FIFA to launch the China Cup, which will see top international
sides compete in Asia every year.
During the course of his career, Wang was the economic consultant of
Yunnan province, as well as a construction consultant of the Guiyang
government, and was named honorable citizen of Changchun city, and
"outstanding contributor" to the construction of
* 1 Early life and Career
* 2 Politics
* 3 Wealth
* 4 Personal life
* 5 References
EARLY LIFE AND CAREER
Wang Jianlin was born on October 24, 1954, in
Cangxi County ,
Sichuan , China. His father fought for
Mao Zedong 's
People\'s Liberation Army during the
Long March (October
After sixteen years in the People\'s Liberation Army , Wang started
working as the Office Administrator for the
Xigang District in the
Dalian . In 1989, he became the General Manager of Xigang
Residential Development. He was Head of Factory in a
factory. In 1992, he started working as the General Manager for the
Dalian Wanda Group , where he has been CEO since 1983. He has also
been serving as Assistant to the Regional Manager, Assistant Regional
Manager and Director in Jiangsu Jiangnan Water Co.
His company owns 21.57 million square metres of investment property,
168 Wanda Shopping Plazas, 82 luxury hotels, 213 cinemas, 99
department stores, and 54 karaoke centres around China. The company
became the world's largest theatre owner in 2012 when it acquired AMC
Theatres . He bought out U.S.-based AMC Entertainment for US$2.6
billion. He listed it on the
New York Stock Exchange
New York Stock Exchange in December. He
flew in celebrities
Leonardo DiCaprio ,
Kate Beckinsale , and John
Travolta to help launch an US$8 billion mini-
Hollywood in the coastal
Qingdao in January 2014.
He was given by his father the landmark
Edificio España building in
Madrid , Spain, in March 2014 from
Grupo Santander for "about a third
less than the €389 million that Banco Santander paid in 2005, at the
height of Spain's construction boom". Previously,
Dalian Wanda had
taken on billion-dollar hotel development projects in London and New
York, as well as property projects in India.
In January 2014, he announced plans to build the world's largest
studio pavilion at
Oriental Movie Metropolis which include a 10,000
square meter studio and an underwater stage.
In 2014, he acquired land at 9900
Wilshire Boulevard in Beverly Hills
, California to build the American headquarters of his entertainment
In January 2015 it was reported that he was buying a 20% stake in the
Spanish football club Atletico
Madrid for €45m.
In November 2016 Wang's
Dalian Wanda Group announced plans to acquire
Dick Clark Productions for about US$1 billion, giving it the
broadcasting rights to the
Golden Globe Awards
Golden Globe Awards , the Academy of
Country Music Awards , and the New Year countdown celebrations in New
York. Wanda already owns
Legendary Entertainment , co-producer of
films such as
Jurassic World , and U.S. cinema chain AMC Entertainment
The Economist called him "a man of Napoleonic ambition", and citing
his military background in the PLA, where he rose from border guard to
regimental commander. He enforces "iron discipline" in the workplace,
where employees are fined when they violate the company's conservative
dress code . Despite his age, he has a "trim figure".
At the age of 15, Wang started his 17-year service with the People\'s
Liberation Army , initially as a border guard before rising to become
a regimental commander. In 1976, he joined the Communist Party of
China . He served as deputy to the 17th National Congress .
Wang is a delegate to the Chinese National People\'s Congress . He
was twice named CCTV 's "Economic Person of the Year". He serves as
the Vice-Chairman of the All-China Federation of Industry and Commerce
, and has been a member of the Chinese People\'s Political
Consultative Conference since 2008.
He currently serves as vice chair of the China Charity Confederation;
vice chair of the China Folk Chamber of Commerce; vice chair of the
China Enterprise Confederation and the China Enterprise Directors
Association; vice chair of the China General Chamber of Commerce;
vice-chair of the Global Advisory Council of
Harvard University .
In 2011, he donated US$197 million to charitable causes, such as
underwriting the restoration of an ancient temple in
Nanjing . In
2014-2015 he donated US$200,000 for the restoration of the Electric
Fountain in Beverly Hills, California.
While Wang maintains a close relationship with the Chinese Communist
Party, his personal motto is “stay close to the government and
distant from politics.”
Wang Jianlin has been ranked prominently in worldwide billionaire
lists for years.
The previous year,
Forbes ranked him the 128th richest person in the
world, with US$8.6 billion. In August 2013, he was listed as the
wealthiest person in China with a net worth of US$14.2 billion by
Bloomberg . In September 2013, his net worth rose to US$22 billion,
according to numbers of the Hurun Report.
According to the
Hurun Report , in 2014 he was the 25th richest
person in the world with US$25 billion.
In 2015, Bloomberg , listed him as the richest person in Asia with
Forbes , in 2016 he was the richest person in Asia with
A year later,
Forbes ranked him 18th in its 2017 World's Billionaires
list, making him the richest man in China with a net worth of US$31.3
billion. However, on May 14, Jack Ma overtook
Wang Jianlin as the
richest man in China, thanks to Ma's Alibaba Group's inreases in stock
He is married to Lin Ning (Chinese : 林宁; pinyin : Lín Níng),
and has a son,
Wang Sicong (Chinese : 王思聪; pinyin : Wáng
Sīcōng; born 1988), educated at
Winchester College and University
College London in the UK.
Wang Sicong is currently a board member of
the Wanda Group and a venture capitalist in China through his
Beijing-based private equity fund, Prometheus Capital (普思投资).
In December 2015
Wang Jianlin bought 15a
Kensington Palace Gardens ,
London, for GB£80 million. The house was previously lived in by the
Leonard Blavatnik , who rented it during
lengthy works on the house he owns opposite.
In July 2016 Wang Jianlin's book The Wanda Way: The managerial
philosophy and values of one of China's largest companies was
published globally by LID Publishing. The book includes his renowned
2013 ChinaCentral Television Voice interview, his speech and
question-and-answer session to the Harvard Business School, and Wang
Jianlin's business philosophy on Wanda's real estate, resort, and
movie units. In 2016, Wang picked a fight with Disney by declaring
that he wants to make sure the Magic Kingdom doesn’t make any money
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* ^ "Atletico Madrid: China\'s
Wang Jianlin buys 20% stake - BBC
News". BBC News. Retrieved 2016-04-26.
* ^ "China to host new international tournament to boost national
side". ESPNFC.com. Retrieved 2017-03-24.
* ^ Vitae, China. "China Vitae : Biography of Wang Jianlin".
www.chinavitae.com. Retrieved 2017-05-17.
* ^ A B Wei, Michael (August 2013). "Property Mogul Emerges as
China\'s Richest Person". Bloomberg News. Archived from the original
on 23 August 2013. Retrieved 19 August 2013.
* ^ "Biography of Wang Jianlin", World Economic Forum
* ^ "Biography of Wang Jialin", Reuters
* ^ Minder, Raphael (September 23, 2014). "Sale of a Landmark
Skyscraper Puts Spain on the Map of Chinese Investors". New York
* ^ "China\'s richest man invests $8.2bn in world\'s largest film
studio — RT Business". Rt.com. 2013-09-23. Retrieved 2016-01-26.
* ^ Clifford Coonan, China\'s Wanda to Spend $1.2 Billion on
Beverly Hills Entertainment HQ, The
Hollywood Reporter , 8/8/2014
* ^ "Atletico Madrid: China\'s
Wang Jianlin buys 20% stake". BBC.
21 January 2015. Retrieved 14 July 2015.
* ^ "
Dick Clark Productions to Be Sold to Chinese Company for $1
Billion". The New York Times. 4 November 2016.
* ^ "Deal to Buy Hollywood\'s
Dick Clark Productions Falls
Through". Fortune. Retrieved 2017-03-24.
* ^ A B "It\'s a Wanda-ful life". The Economist. February 14, 2015.
* ^ "It\'s a Wanda-Ful Life;
Dalian Wanda". The Economist. 14
February 2015. Retrieved 15 March 2015 – via
HighBeam Research .
(Subscription required (help)).
* ^ "2010
Forbes ranking", Forbes
* ^ Freeland, Chrystia (2013). Plutocrats: The rise of the new
global super-rich. London: Penguin Books. p. 204. ISBN 9780141043425 .
* ^ "Chairman
Wang Jianlin - Wanda Group". www.wanda-group.com.
* ^ A B Russell Flannery, Real Estate Developer
Wang Jianlin Tops
Forbes China Philanthropy List, Forbes, April 25, 2011
* ^ City to Honor Wanda Group For Generous Fountain Restoration
Beverly Hills Courier , March 23, 2015
* ^ Forsythe, Michael (2015-04-28). "Wang Jianlin, a Billionaire at
the Intersection of Business and Power in China". The New York Times.
ISSN 0362-4331 . Retrieved 2017-04-27.
* ^ Michael Wei, "Property Mogul Wang Emerges as China\'s Richest
Person", Bloomberg, August 19, 2013
* ^ "China Rich List 2013", Hurun Report, August 5, 2014
* ^ Profile of Wang Jianlin, Hurun Report, August 5, 2014
* ^ Jie Chen, Bruce J. Dickson, Allies of the State: China\'s
Private Entrepreneurs and Democratic Change,
Boston , MA: Harvard
University Press , 2010, p. 55
* ^ , Wanda group, December 31, 2015
* ^ , China Money Network
* ^ "Wang Jianlin". Forbes. Retrieved 2017-05-17.
* ^ Flannery, Russell. "Alibaba\'s Jack Ma Overtakes Wang Jianlin
As China\'s Richest Man". Forbes. Retrieved 2017-05-17.
* ^ A B Prynn, Jonathan (19 December 2015). "Chinese billionaire
buys £80m London home and he\'ll spend £50m more doing it up".
Evening Standard . Retrieved 19 December 2015.
* ^ Gao, Jing (October 6, 2015). "Wang Jianlin\'s son, "The
People\'s Husband," is also an aspiring VC". All China Tech. Retrieved
January 26, 2016.
* ^ ISBN 9781910649428 , LID Publishing, copyright 2016