Wang Sicong, the only son of Wanda Group founder Wang Jianlin, has landed on the country’s list of debtors this week.
A Beijing court announced that the Prometheus Capital chairman owes at least 150 million yuan, equivalent to at least $21.5 million, according to a notice published in the official website of the Chinese Supreme Court.
Just a year ago, the Chinese billionaire was boasting the vastness of his empire, challenging no less than Disney in a bid for theme park dominance in China. Wang then claimed that his theme parks were a “pack of wolves” that would soon devour the lone “tiger” of Disney’s $5.5 billion Shanghai Disneyland.
Wang Sicong, the son of China’s richest man, has no interest in taking over his father’s 634 billion yuan ($91.7 billion) business someday.
That seems to be one fact Wang Jianlin can live with, at least for the meantime. Speaking at the China Entrepreneur Annual Meeting on Saturday, the Dalian Wanda Group CEO said:
Wang Jianlin, China’s richest man, has warned president-elect Donald Trump that thousands of employees might lose their jobs if curbs on Chinese investments are pursued in the U.S.
Wang made his remarks while speaking to Chris Dodd, chairman of the Motion Picture Associate of America, who asked him what he wanted to tell Trump.
Hollywood, meet your new maker.
Wang Jianlin, founder and CEO of Dalian Wanda, is considered as China’s richest man, topping the Forbes’ China Rich List for the third time in the past four years. According to Forbes, the 62-year old magnate is now worth $32.9 billion.
Fresh off purchasing a controlling stake in Hollywood film studio Legendary Entertainment earlier this year, Wang Jianlin, China’s richest man, has signed up to invest in Sony’s film studio.
With hopes of highlighting “the China element” in the studio’s film productions, Jianlin has reportedly signed an agreement to invest in Sony Pictures through his company Wanda, reports Fortune.
Chinese multi-billionaire Wang Jianlin has declared war on Disney again and renewed his vows to ensure the company fails horribly in China.
The outspoken Dalian Wanda Group’s founder and China’s richest man made a similar pronouncement in the past, but has reiterated his intention to crush Disney into submission during an interview with Chinese talk show host Chen Luyu that aired on Aug. 26.
Wang Jianlin has one “small” tip for anyone looking to be wealthy — simply start by earning a hundred million Yuan.
The “small” target, which is equal to about $15 million, was set to encourage planning and to prevent people from being too aggressive, he told talk show host Chen Luyu earlier this month.
Many of us can’t afford to stay at five-star hotels, so chances are we don’t even know what a seven-star hotel looks like.
The son of China’s richest man, Wang Sicong, recently spent $516.7 million dollars building Shanghai’s first seven-star hotel. Thanks to him, we can now gawk at the beautiful pictures online.
Pony Ma, the billionaire founder, chairman and CEO of China’s Tencent, has been named the most generous Chinese philanthropist in a 2016 report from Hurun Research Institute.
Within the last year, Pony Ma has donated a total of $2.15 billion to charity. In April, Ma announced that he would be donating $2 billion of his company shares to a new charity fund, making it China’s second biggest philanthropic donation in history.
“Warcraft” is such an astounding blockbuster hit in China that legendary movie star Jackie Chan says it will terrify Americans and make people want to learn Chinese.
“Warcraft”, a film with a $160 million budget, made $24.3 million during its debut weekend in North America. The movie has been called a “domestic disaster” with poor reviews from critics. It is speculated that the film will make a total of $55 to $65 million in the U.S. where it is considered a flop.
China’s richest man who plans to overtake the amusement park market in the country is locking horns with Disney.