Wang Jianlin Net Worth 2022 – Salary, Income, Earnings

Wang Jianlin Net Worth 

Wang Jianlin is a Chinese businessman who has an estimated net worth of $12 billion. He is a Chinese investor, business magnate, and philanthropist, best known as the founder of the ‘Dalian Wanda Group.’ The conglomerate company is the largest real estate company in China and also runs the largest network of cinemas in China.

Born and raised in Sichuan, China, he served in the “People’s Liberation Army” before entering the business world. For about a decade, he worked for various companies before finally joining “Dalian Wanda Group” in 1992 and becoming its chairman. The company grew rapidly and crossed national borders to invest heavily in the US. In 2015, it ventured into sports by acquiring 20% of the shares of Atletico Madrid.

Under Wang’s leadership, the company became one of the best-known entertainment companies in the entire East Asian region. In 2015, “Bloomberg” named him the richest person in Asia. In 2017, he was ranked 18th on Forbes’ list of the world’s billionaires.

Wang is closely associated with the Chinese Communist Party, which helps him obtain the necessary permits. His charitable side also makes him a respected figure among the Chinese public.

To calculate the net worth of Wang Jianlin, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Wang Jianlin
Net Worth: $12 Billion
Monthly Salary: $3 Million
Annual Income: $50 Million
Source of Wealth: Entrepreneur, Investor

Learn More: Top 30 Richest People In The World

Early Life

Wang Jianlin was born on October 24, 1954, to an army officer father in Cangxi County, Sichuan, China. During the notorious ‘Long March’ in the mid-30s, his father fought for the ‘People’s Liberation Army.’ Jianlin was raised in an army family and was accustomed to strict discipline from a young age. His family desired that he join the army.

Wang followed in his father’s footsteps and joined the ‘People’s Liberation Army’ as a border guard at the age of 15. Because of his work ethics, he was quickly promoted to regiment commander. He later served in the army for 17 years. He joined the ‘Communist Party of China’ in 1976 and served as a delegate to the 17th ‘National Congress.’

His service and loyalty to the communist party continued throughout his life, which aided him in achieving his business objectives.

Wang went on to work as an office administrator in Dalian after serving in the army for 17 years. He was appointed general manager of ‘Xigang Residential Development’ in the late 1980s. He finally became chairman of the ‘Dalian Wanda Group’ in 1992.

Career

The company expanded rapidly under Wang’s leadership. The company currently owns a massive investment property of 21.57 million square meters. In China alone, the ‘Dalian Wanda Group’ owns 82 luxury hotels, 99 department stores, 213 cinemas, 54 karaoke centers, and 168 Wanda Shopping Plazas. With the acquisition of ‘AMC Theatres’ in 2012, it became the world’s largest theater owner.

The transaction for the US-based ‘AMC Entertainment’ was completed for a whopping US$ 2.6 billion. Wang has since been successful in getting the company listed on the ‘New York Stock Exchange.’

Wang’s long-held ambition of establishing a mini-Hollywood in China was realized in 2014, with the opening of the same in the city of Qingdao. Several Hollywood celebrities, including Leonardo DiCaprio, Kate Beckinsale, and John Travolta, attended the unveiling of Wang’s mini-Hollywood, which cost $8 billion to construct.

Soon after, the company made additional investments in multibillion-dollar hotel construction projects in New York and London. It also oversaw some real estate projects in India. The ‘Wanda Group’ purchased ‘Edificio Espana,’ a landmark building in Spain, from ‘Grupo Santander,’ a Spanish company.

With heightened ambitions to become the world’s largest entertainment company, the ‘Wanda Group’ soon revealed plans to construct the world’s largest studio pavilion. The project is being built at Oriental Movie Metropolis and includes an underwater stage as well as a 10,000 square meter studio. Wang purchased a large plot of land in Beverly Hills in 2014 to build the headquarters for his entertainment company.

The ‘Dalian Wanda Group’ announced in November 2016 that it was looking to acquire ‘Dick Clark Productions,’ which would give it the broadcasting rights to the ‘Golden Globe’ awards. This would also grant ‘Wanda’ the exclusive rights to broadcast the ‘Academy of Country Music Awards’ and the ‘New Year Countdown’ celebration in New York’s Times Square. The ‘Wanda Group’ has acquired ‘Legendary Entertainment,’ a film production company based in the United States. If the company’s long-term plans come to fruition, it will soon be able to rule Hollywood.

Due to his larger-than-life ambitions, ‘The Economist’ reportedly described Wang as “a man of Napoleonic ambitions.” He is also known for being very strict about his employees’ dress code. This discipline stems from his military background.

Wang has received numerous business and philanthropic awards over the years. ‘Forbes Asia’ named him ‘Businessman of the Year’ in 2013, and he topped a list of Chinese philanthropists compiled by ‘Forbes China’ in 2015.

In addition, in 2015, he was named ‘The Best CEO in Asia’ by ‘Asia Corporate Governance Magazine.’ The following year, he topped the Hollywood Reporter’s list of the “Top 10 China Power Players.”

‘Bloomberg’ named him the richest person in Asia in 2015, and ‘Hurun Report’ named him the 25th richest person in the world the year before. In 2017, Forbes magazine named him the richest man in China, a position later taken by Jack Ma.

Learn More: Top 30 Richest People In The World

Politics

Wang Jianlin has no plans to enter politics, but he maintains cordial relationships with politicians. He is a delegate to the “National People’s Congress” and the vice-chairman of the “All-China Federation of Industry and Commerce.”

He is also well-known for his charitable contributions. He is said to have donated US$ 197 million to various charitable organizations in 2011. He is also an active member of the ‘Communist Party of China.’ He was quoted as saying that one should “stay close to the government and far away from politics.”

Personal Life

Wang Jianlin has a son named Wang Sicong and is married to Lin Ning. Sicong is an active board member of the ‘Wanda Group,’ having attended ‘Winchester College’ and ‘University College London.’ Sicong owns ‘Prometheus Capital,’ a Beijing-based private equity fund.

Wang Jianlin Quotes

Don’t ally your personal interests with the development of the company.

 

In setting goals and executing a strategy, Wanda is sophisticated. We have good systems and departments. If targets are not reached, a yellow light goes off.

 

Chinese people today have strong demand for culture, but we need effective supply, and China needs innovative cultural products.

 

In a globalized economy, it’s very difficult for the U.K. to go it alone. Don’t listen to politicians. Politicians say if the U.K. leaves, things will be better. I’m telling you, leaving could make things worse.

 

Investing in Chicago property is just Wandas first move into the U.S. real estate market.

 

Among the worlds 500 largest companies, not one has completely relied on its own growth to develop.

The basic principle is I command, and my employees carry it out immediately.

 

The London property market has excellent investment opportunities.

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