Wanda chair­manWang oust­sMa on Forbes list

China Daily (Canada) - - FRONT PAGE - By By SHI SHI JING JING in in Shang­hai Shang­hai shi­jing@chi­nadaily.com.cn shi­jing@chi­nadaily.com.cn

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.

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