⬅ # 469 Shari Arison|# 471 Helmut Sohmen

# 470 Wang Jianlin 

$6.45B

Real Time Net Worth
as of 4/12/2024
-$95.1M (-1.48%)

# 470 Wang Jianlin 

$6.45B

Real Time Net Worth
as of 4/12/2024
-$95.1M (-1.48%)
OccupationChair, Dalian Wanda Group
Source of WealthReal Estate
Age69
ResidenceBeijing, China
Marital StatusMarried
Children1
EducationLiaoning University
Age-Adjusted Net Worth$3.50B
Wang Jianlin
Wang Jianlin
China
Net worth: $6.45B

Self-Made Score 

Wealth History

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Biography

Overview

Wang Jianlin, born on October 24, 1954, in Cangxi County, Guangyuan, Sichuan, is a Chinese business magnate, investor, and philanthropist.
He is the chairman, founder, and majority shareholder of Dalian Wanda Group, one of China's foremost conglomerate companies, which is renowned for its extensive real estate development and ownership of the world's largest movie theater chain.
Wang served in the People's Liberation Army for 17 years, starting at the age of 15, and rising to become a regimental commander.
After leaving the army in 1986, he started working in Dalian, where he eventually took over a small property developer, Xigang Residential Development, in 1988, which later became Dalian Wanda Group.
Under his leadership, Dalian Wanda Group expanded rapidly, acquiring significant real estate assets across China and abroad, including landmark properties in Madrid, London, New York, and Beverly Hills.
Wang Jianlin has been involved in various philanthropic endeavors, including substantial donations to charitable causes such as the restoration of historical sites and disaster relief efforts.

Career

Wang Jianlin's conglomerate owns over 21.57 million square meters of prime commercial real estate in China, including shopping plazas, luxury hotels, cinemas, department stores, and karaoke centers.
Dalian Wanda Group became the world's largest theater owner in 2012 after acquiring AMC Theatres for $2.6 billion and subsequently listing it on the New York Stock Exchange.
He initiated a $8 billion project in Qingdao, China, to establish a mini-Hollywood, attracting leading Hollywood celebrities for its launch.
In 2016, Wang announced plans to compete with Disney by launching over a dozen amusement parks in China.
His company, Dalian Wanda Group, acquired Dick Clark Productions for about $1 billion in 2016, gaining broadcasting rights to prestigious events like the Golden Globe Awards.
Wang's business philosophy emphasizes strict discipline and a close relationship with the government while staying distant from politics.

Political and Philanthropic Activities

Wang Jianlin served in the Chinese People's Liberation Army for 17 years, rising to the rank of regimental commander, and later became involved in politics as a delegate to the Chinese National People's Congress.
He has been recognized for his philanthropic contributions, including significant donations to charitable causes such as the restoration of ancient temples, disaster relief efforts, and educational initiatives.
Wang maintains close ties with the Chinese Communist Party and holds positions in various industry and commerce organizations.
Despite his close relationship with the government, Wang emphasizes the importance of entrepreneurs staying clear of politics.
His donations include a billion yuan for the reconstruction of the Porcelain Tower of Nanjing, reported to be the largest single personal donation in China.
Wang Jianlin's personal motto is 'stay close to the government and distant from politics.'

Personal Life

Wang Jianlin is married to Lin Ning, and they have a son named Wang Sicong, who is involved in the Wanda Group and is a venture capitalist in China.
He follows Buddhism but considers himself not religious, living with military discipline due to his years of service.
His hobbies include collecting art, singing karaoke, and singing Tibetan and Mongolian folk songs.
Wang Jianlin purchased a property in London's Kensington Palace Gardens for £80 million in December 2015.
In July 2016, he released his book titled 'The Wanda Way,' which outlines his managerial philosophy and values.

How long would it take you to become as rich as Wang Jianlin?

If you started with $10,000 and invested an additional $500 each month at a 44.41% CAGR, it would take you 5 years to reach Wang Jianlin's net worth of $6.45B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 38.63% compared to 10.38% for the S&P 500 benchmark.

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Wang Jianlin is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Wang Jianlin, Real Estate is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey