VIDEO: Tracking China's Billions

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Thu, 2013-08-22 18:13 -- S H
Wednesday, August 21, 2013

Wednesday  21 August 2013 / Hour 1, Block B:  Matthew Miller, Bloomberg Billionaires Index, in re:Property Mogul Wang Emerges as China’s Wealthiest Person Wang Jianlin, owner of China’s biggest commercial land developer, is the nation’s wealthiest person. The chairman of closely held conglomerate Dalian Wanda Group, which became the world’s largest movie theater chain after acquiring AMC Entertainment Holdings Inc. last year for $2.6 billion, has a net worth of $14.2 billion, according to the Bloomberg Billionaires Index. He is $3.2 billion richer than Zong Qinghou, founder of Hangzhou Wahaha Group, China’s No. 3 beverage maker. Zong is the country’s second-wealthiest person. “Wanda leads Chinese enterprises in expanding its business globally and catering to consumers’ demand at home with some high-profile acquisitions,” said Kenny Wu, a Hong Kong-based analyst at . . . [more]