Wang Jianlin (Chinese: 王健林; pinyin: Wáng Jiànlín; born 24
October 1954) is a Chinese business magnate, investor, and
philanthropist. He is the founder of the conglomerate company Dalian
Wanda Group, China's largest real estate development company, as well
as the world's largest movie theater operator. He owns 20% of the
Spanish football club Atlético Madrid. In 2016, Wang agreed on a
deal with FIFA to launch the
China Cup, in which national football
teams compete in
Asia each 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
As of February 2018, Wang is estimated by
Forbes to have a net worth
of $30.1 billion, making him one of the richest men in
China and Asia.
1 Early life and Career
4 Personal life
Early life and Career
Wang Jianlin was born on October 24, 1954, in Cangxi County,
Guangyuan, Sichuan, China. His father fought for Mao Zedong's People's
Liberation Army during the
Long March (October 1934–October
After sixteen years in the People's Liberation Army, Wang started
working as the Office Administrator for the
Xigang District in the
city of Dalian. In 1989, he became the General Manager of Xigang
Residential Development. He was Head of Factory in a Jiangyin-based
factory. In 1992, he started working as the Chairman for the Dalian
Wanda Group. He has also been serving as Assistant to the Regional
Manager, Assistant Regional Manager and Director in Jiangsu Jiangnan
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.
Wanda Group acquired 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
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, 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.”He believes entrepreneurs should be
"close" to the government and "clear" from the government as well. "If
the government never talk to entrepreneurs, they'll never know what
entrepreneurs want to invest, develop or solve." 
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
According to Forbes, in 2016 he was the richest person in
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 increases in
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
In December 2015
Wang Jianlin bought 15a Kensington Palace Gardens,
London, for GB£80 million. The house was previously lived in by the
Ukrainian billionaire, 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 in
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^ ISBN 9781910649428, LID Publishing, copyright 2016