Wanda's Wang defends top spot in China rich list
Chinese property magnate Wang Jianlin has defended his crown as the country's richest man, according to the annual Hurun rich list, fending off Alibaba Group Holding Ltd founder Jack Ma and new players on the block like Baoneng's Yao Zhenhua.
Wang, the chairman of Dalian Wanda Group, took the top spot with a personal fortune of $32.1 billion, the report said, despite Ma, the founder of e-commerce giant Alibaba, seeing his wealth surge 41 percent from 2015.
The annual rich list of China's movers and shakers gives a temperature check on where money is flowing in China, and underlines the... read more
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