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16. Wang Jianlin
Reuters/Tyrone Siu
Net worth: $29.2 billion
Age: 61
Country: China
Industry: Real estate
Source of wealth: Self-made; Dalian Wanda Group
Wang Jianlin is the richest man in Asia, the largest and most populous continent on earth. The real-estate mogul, who served in the Chinese military from 1970 to 1986 before going into business, has his hands in dozens of sectors and his name on hundreds of companies through his conglomerate Dalian Wanda Group, including British yacht maker Sunseeker and US-based AMC Entertainment. Some of Wang’s largest investments are overseas, including upscale real-estate development projects in Sydney and Madrid.
From 2014 to 2015, Wang saw his fortune more than double from $13.2 billion to $30 billionafter Wanda Commercial Properties and Wanda Cinema Line, China’s largest property developer and Asia’s largest movie-theater operator, completed initial public offerings. During that time he also purchased a 20% stake in the Spanish soccer club Atlético Madrid for $52 million and bought the World Triathlon Corp., parent company of the iconic Ironman triathlon, for $650 million.
Wang has said that his future investments lie in the culture industry, a sector he claims has no brand or profit ceilings. The Chinese businessman already purchased Legendary Entertainment this year, the producer of “Jurassic World” and “The Dark Knight,” for $3.5 billion in cash. The acquisition gives him immeasurable power in Hollywood and is the first step in his plan to control the world’s biggest film company by revenue.
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