China’s top 5 Richest People in Real Estate

Wang Jianlin _ Chinese Rich List

Wang Jianlin leads Dalian Wanda Group, one of China’s largest commercial real estate developers. The company made a big splash in the U.S. in May by announcing it would purchase AMC Entertainment Holdings for $2.6 billion. The transaction was completed in September, turning Dalian Wanda into the world’s largest operator of movie theaters. Wang’s net worth doubled in the past year after a private placement revealed more details about the value of his real estate empire, which includes luxury hotels and retail stores in addition to the movie theaters.

王健林,1954年生,大连万达集团股份有限公司董事长。王健林是全国政协常委、中华慈善总会荣誉会长。在他的带领下,万达集团各项经济指标,包括资产、收入、利润、纳税、创造就业连续多年名列中国民营企业前茅,成为中国民营企业的龙头企业。Video: 王健林董事长哈佛大学演讲

  • Age: 58
    Source of Wealth: real estate, self-made
    Residence: Beijing, China
    Country of Citizenship: China
    Education: Liaoning University
    Marital Status: Married
    Children: 1

 

Wu Yajun_Chinese Rich ListOne of six self-made women billionaires to make this year’s Forbes list of 100 richest in China, Wu Yajun leads publicly-traded real estate developer Longfor Properties. The company turned itself into a national brand from its initial base in Chongqing where it was founded in 1994; today, it’s headquartered in Beijing. In the face of government policies aimed at breaking real estate prices, Longfor turned up the sales volume in the first half of this year: Sales soared 85% to $2.3 billion; profit rose 72% to $532 million. That growth, and hopes for government policy easing, helped to boost Longfor’s shares and Wu’s fortune in the past year. She is worth $300 million more than a year ago. Wu is looking to second-tier cities such as Yantai, Wuxi and Changzhou for growth as first-tier cities such as Beijing mature. She holds a degree in navigation engineering from Northwestern Polytechnical University in China.
Age: 49
Source of Wealth: real estate, self-made
Residence: Beijing, China
Country of Citizenship: China
Education: Northwestern Polytechnical University
Marital Status: Married

 

Hui Ka Yan chairs Evergrande Real Estate Group, one of several big developers from Guangdong Province to make the Forbes list of China’s 100 Richest. Hui’s fortune is $1.3 billion less than a year ago, mostly but due to government moves to put the brakes on real estate. Evergrande’s sales in the first half of 2012 rose 15% from a year earlier, but its profit grew only 1%. Current projects include Evergreen Oasis Wuhai in arid Inner Mongolia, and Evergreen Spring City Enping in Guangdong. Like fellow rich lister Chu Lam Yiu’s Huabao International, Evergrande was attacked by overseas short sellers this year, but its shares recovered afterward. In addition to his real estate business, Hui owns a soccer team and movie production company.

Age: 54
Source of Wealth: real estate, self-made
Residence: Guangzhou, China
Country of Citizenship: China
Education: Bachelor of Arts / Science, Wuhan U of Science & Tec
Marital Status: Married
Children: 2

 

Yang Huiyan, daughter of the founder of real estate developer Country Gardens, has seen her fortune dip $100 million in the past year amid government efforts to curb prices in the real estate industry. Still, it’s been a busy year for the company. As of June, Country Garden had 110 projects underway, mostly in its home base of Guangdong Province. The company is also adding 17 hotels to the 29 it already owns or operates, mostly under the Phoenix brand. Yang holds a degree from Ohio State University. Her father, Country Garden chairman Yeung Kwok Keung, transferred his stake to Yang before the company’s 2007 initial public offering.

  • Age: 31
  • Source of Wealth: real estate
  • Residence: Foshan, China
  • Country of Citizenship: China
  • Education: Bachelor of Arts / Science, Ohio State University
  • Marital Status: Married

 

Fujian-born Hui Wing Mau leads Shimao Property Holdings, a Hong Kong-listed real estate developer whose residential projects dot many of China’s biggest cities. His fortune has increased $1.6 billion from a year ago on hopes that the government will ease its tight real estate policies and plans to speed sales of existing projects to raise cash. Yet profit in the first six months of 2012 fell 5.5% from a year earlier. One growth business: hotels. Teaming with Hyatt, Hilton, Holiday Inn and Le Meridien, the company generated hotel business revenue of $78 million in the first half of 2012, up about 10% from the previous year.

  • Age: 62
  • Source of Wealth: real estate, self-made
  • Residence: Hong Kong, Hong Kong
  • Country of Citizenship: Hong Kong
  • Education: Master of Business Administration, University of South Australia
  • Marital Status: Married
  • Children: 2