How Wang Jianlin, Once China's Richest Man, Lost $40 Billion
Wang Jianlin spent millions upon millions on art, a football club, and a profligate son. Now his empire is sagging under debt.
Stay updated with breaking news from Wang Sicong. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Wang Jianlin spent millions upon millions on art, a football club, and a profligate son. Now his empire is sagging under debt.
Photo Illustration by Luis G. Rendon/The Daily Beast/GettyIn September 2013, a cadre of Western A-listers followed the money to Qingdao, China, where billionaire Wang Jianlin was breaking ground on a mini-rival to Hollywood that would feature a theme park, a yacht club, and 20 film studios. Leonardo DiCaprio zoomed down the red carpet signing autographs; John Travolta blew the crowd a two-handed kiss; Catherine Zeta-Jones gushed about the arrival of “this dream and this vision;” Nicole Kidman sh
Chinadigitaltimes.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadigitaltimes.net Daily Mail and Mail on Sunday newspapers.
BEIJING (Bloomberg): The only son of property billionaire Wang Jianlin - once Asia’s richest man - was detained for attacking a person in Shanghai, according to media outlet Beijing News.
This is not the first time Wang Sicong, the only son of Dalian Wanda Group founder Wang Jianlin, has landed himself in public controversies