Wanda**, Wang Jianlin also**, when the richest man will, rich and blessed, if Wang Sicong can take over Wanda's business, will Wang Jianlin not be so thin?The value shrank by 53 billion yuan, falling 57 places in the Hurun Report. At present, the 69-year-old Wang Jianlin is worth 47 billion, ranking first on the list of decliners, and the list of the richest people in China is really feng shui in turns, each sitting for a year or two. However, Wang Jianlin's worth at his peak was as high as more than 220 billion, and now it has fallen to only more than 40 billion, which makes people feel the difficulty of life, and there will always be "ups and downs".
Wang Jianlin's peak period should have been from 2016 to the first half of 2017, Wang Jianlin maintained the position of China's richest man from 2016 to the first half of 2017, and his worth reached $31.3 billion at his peak. At that time, Wang Jianlin not only surpassed Li Ka-shing to become the richest man in China, but even in Asia, he was so lonely that he couldn't find an opponent, and he was still the richest man in Asia. Until the "Wanda crisis" broke out in June 2017, Wang Jianlin changed from buying and buying to selling and selling, and his worth instantly evaporated by 4 billion, and he fell from the position of the richest man in China. According to the Forbes Global Rich List 2018 list, Wang Jianlin is worth $25.5 billion, ranking 36th in the world, 9th in Asia, and 7th in the 2018 list of China's richest people.
2017 was a key watershed year for China's real estate industry. This year, Xu Jiayin became the richest man in China with a net worth of 290 billion yuan, and his wealth was almost four times that of the previous year. At that time, Boss Xu was full of ambition: "We want to become the world's largest real estate company and rank among the world's top 500." Just when Xu Shoufu was proud, Wang Jianlin was in the darkest moment.
In June 2017, Wanda was ordered by the China Banking Regulatory Commission (CBRC) to conduct credit and risk analysis for banks, and the financing of six overseas projects was strictly controlled. On July 10, Wang Jianlin began to "sell his wealth", and Wanda signed 76 transfer agreements with Sunac China, including 91% equity in 13 cultural tourism projects under Wanda, and 76 hotel projects at a price of 295 respectively7.5 billion and 3359.5 billion yuan.
Why was Wang Jianlin able to surpass Li Ka-shing to become the richest man in Asia, but now he is only worth more than 40 billion yuan, and he is still facing the embarrassment of being riddled with a lot of debt?First of all, Wang Jianlin's Wanda Plaza is all over the country, and it is a central location, and the valuation is naturally rising. Although online shopping was also very popular back then, the business of physical stores was also very good, and Wanda's stores basically did not worry about renting. At that time, Wang Jianlin was known as the world's strongest "charter public". Wanda Film's highest valuation at that time was as high as 140 billion, and this asset was also the key to making Wang Jianlin the richest man, and Wang Jianlin held a large number of Wanda Film shares.
The valuation of Wanda Pictures that year could also reach more than 30 billion, and it was not yet listed. Now the market value of Wanda Film and Wanda Pictures is only more than 20 billion, and this part of the assets has shrunk significantly, which is also destined to make Wang Jianlin's status decline rapidly. At that time, Wang Jianlin had a lot of "trump cards" in his hands, and the valuations were very high, but they were not very profitable, such as Wanda Finance, Wanda E-commerce, and Wanda Sports, which were basically thunderous and rainy. For example, Wang Jianlin once announced that he would rely on Wanda Finance to build another Wanda, but now it has not helped Wanda make much money. And many of Wanda's overseas assets are also not very profitable, of course, they were also disposed of by Wang Jianlin in a timely manner.
Compared with Wang Jianlin's high-profile, Li Ka-shing is too low-key. Li Ka-shing also likes to keep his wealth exposed, and in 2023, Li Ka-shing, the richest man in Hong Kong, has a net worth of $39 billion.
Li Ka-shing's industries span a wide range of industries around the world. I believe there are still many assets that Li Ka-shing has not announced to the public. Therefore, the reason why Wang Jianlin was able to defeat Li Ka-shing and become the richest man in Asia was that on the one hand, Wang Jianlin's many assets were seriously overvalued, and on the other hand, Li Ka-shing did not "show his wealth". Unwilling to compete for the throne of the richest man.
finally understood why Wang Jianlin was able to surpass Li Ka-shing to become the richest man in Asia!What do you think about this?Everyone is welcome to discuss with each other in the message area.