Wang is China's richest

Wang Jianlin, a billionaire Chinese real estate developer who bought one of the biggest US cinema chains last year, has emerged as the country's new richest tycoon. Wang's Dalian Wanda Group operates hotels, cinemas and department stores, and he was ranked No 1 on the Hurun Report's annual list of Chinese tycoons with a fortune of $US22 billion.

Wang Jianlin, a billionaire Chinese real estate developer who bought one of the biggest US cinema chains last year, has emerged as the country's new richest tycoon. Wang's Dalian Wanda Group operates hotels, cinemas and department stores, and he was ranked No 1 on the Hurun Report's annual list of Chinese tycoons with a fortune of $US22 billion.

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