Wanda chairmanWang oustsMa on Forbes list
The The less-than-stellar less-than-stellar performance performance of of Alibaba Alibaba Group Group Holding Holding Ltd’s Ltd’s business business and and shares shares helped helped Wang Wang Jianlin, Jianlin, chairman chairman of of Dalian Dalian Wanda Wanda Group Group Co, Co, to to beat beat Jack Jack Ma Ma to to the the title title of of the the richest richest man man on on the the Chinese Chinese mainland mainland on on the the 2015 2015 Forbes Forbes Billionaires Billionaires List. List.
Recapturing Recapturing top top position position from from Ma Ma this this year, year, Wang Wang saw saw his his personal personal wealth wealth rise rise to to $24.2 $24.2 billion billion from from $15.1 $15.1 billion billion a year a earlier,year earlier, according accordingto the richto the list releasedrich list onMonday.released on Monday.And it was the first time that Wang And caughtit was up the with first American time that financierWang caught George up Soros withto tie Americanfor the 29th financier position Georgeon the world’sSoros to rich tie list,for the 29th position That on the representsworld’s rich hugelist, progress,That considering represents Wang’s huge 64th progress, position consideringWang’son the same list in 64th 2014. position on the same list Wandain 2014. Commercial Properties WandaCo went Commercialpublic in Hong Properties Kong at Co the wentend of publiclast year, in the Hong largest Kong initialat the publicend of offering last year, by thea largestreal estate initial development public offering company.by a real Wanda estate Cinema developmentLine Co company.was listed Wandain Shenzhen Cinema at Linethe Co end wasof January listed in this Shenzhenyear. at the end of JanuaryAs both this shares year. rose, Wang saw As bothhis shares wealth rose, increase Wang accordinglysaw his wealthas the increaselargest shareholder. accordingly as the largest shareholder.According to Everbright Securities According Co, Wandato EverbrightCinema Line Securitieshas been Co, successfulWanda Cinemawith a large Line memberhas been system. successfulIts performancewith a large memberwill be system.further boostedIts performanceby the increasedwill be number further of new boosted screens by and the the prosperingincreased industry. number of new screens and the prospering industry.
Ma fell to second place with personal wealth of $22.7 billion, Ma althoughfell to secondthat was placeup from with personal$10 billion wealthin 2014.of $22.7His global billion, ranking although was that 33rd was this up year. from $10 billion in 2014. His global Although ranking Alibabawas 33rd made thisa recordyear. IPO of $25 billion on the AlthoughNew York AlibabaStock Exchangemade a in record September,IPO of its $25 share billion price on sankthe at Newthe beginningYork of Stockthis year Exchangedue in to September, disappointing its fourth-quartershare price sank earningsat the beginningin 2014 of and this a year skirmishdue to disappointingover counterfeit goods fourth-quarterbetween Alibaba earningsand thein Chinese2014 and industrya skirmish and commerceover counterfeit regulator. goods betweenLi Hejun, Alibaba chairman andof Hanergy the Chinese Thin industryFilm Power and Group, commerce overtook regulator.Robin Li of Baidu Inc and Li PonyMa Hejun, of chairmanTencent Holdings of HanergyLtd this Thin year Filmto become Power the Group, third-richest overtook man Robin on Li the of ChineseBaidu Inc mainlandand Ponyon the Ma Forbes of Tencentlist with Holdings estimated Ltd wealth this of year $21.1 to billion. become He also the sawhis thirdrichest global rankingman on reach the 38th Chinesethis time mainland around. on the Forbes list with Hanergy, estimated based wealthin Yunnan of province$21.1 billion. and He listed also in saw Hong his Kong, global sawits ranking share reach price nearly 38th this double time since around. the start of this year Hanergy,from HK$2.77based in (35 Yunnancents) to province HK$5.25. and Its listed marketin Hongvalue surgedKong, to saw $19 its billion sharein a pricetwomonth nearly period double as sinceof February.the start of Afterthis year purchasingfrom HK$2.77 three (35 Westerncents) to thin-film HK$5.25. solarIts marketbusinesses value surgedin 2013,to $19Li billion added ina fourth, a two-monthAlta Devices period from as California, of February.in 2014, and is benefiting After from purchasingBeijing’s incentives three for Westernthe industry. thin-film solar businesses In all, in 213 2013, ChineseLi added billionaires a fourth, are Altaon this Devicesyear’s Forbes from rich California,list, 71 in of 2014, whom and made is their benefiting debuts. fromThe number Beijing’sof Chinese incentives billionairesfor the industry.is now only In secondall, 213 to Chinesethat of the billionairesUS. are on this year’s Forbes rich list, 71 of whom made their debuts. The number of Chinese billionaires is now only second to that of the US.