Out of all the world wealthiest people, only a few are in the tope 1% of earners. That’s why they call them the 1% obviosuly, and if you happen to be one of those people, you can really use your money to accomplish a great deal of things. For many years, The United States has lead the world as an economic powerhouse, and while that is still true, China isn’t far behind. China has experienced extreme levels of economic posterity over the recent years, and is now home to many of the worlds riches individuals. One of those wealthy individuals would be Wang Jianlin, and he could soon become the owner of a major Hollywood studio.
With a net worth somewhere around $28 billion dollars, Wang Jianlin is the 26th richest person in the entire world and the second richest person in China. He serves as the chairman at the Dalian Wanda Group Co. (China’s largest real estate developer) and amassed a large majority of his fortune through real estate. Since China is home to so many people and is constantly expanding its infrastructure, real estate is definitely the business to be in. He has expanded his empire into other businesses and he is also the largest operator of movie theaters in the world. His business controls around 1 billion-square-feet of leasable space (1.5 times the size of all rentable space in Manhattan), 85 shopping malls, 51 luxury hotels, over 86 movie theaters, 75 department stores, and more all just in China. He also recently purchased AMC Entertainment Holdings for around $2.6 billion dollars and is now setting his sights on Hollywood.
According to sources, Jianlin is in talks with the Hollywood-based Lions Gate Entertainment Corporation to purchase a large amount of shares that would make him the majority shareholder. He has also expressed interest in Metro-Goldwyn-Mayer Inc. as well. Since he is clearly a fan of films and the cinema, this doesn’t really come as a surprise. While the deals haven’t gone through yet, Jianlin is very confident that they will. He’s so confident that he recently purchased $1.2 billion dollars worth of land in Beverly Hills to set up his United States movie headquarters. Jianlin wants these deals to go through which would allow him to turn his company from primarily a Chinese enterprise, into a global empire that he says hopes to be on par with companies like Microsoft. Whether or not these deals go through, you can bet that Mr. Jianlin is living a comfortable lifestyle given his immense net worth.
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