Connect with us

Linjust – Entertainment News, Latest News, Comedy and Music

The wealthiest man in China needs to find an heir to his $122bn empire

NEWS

The wealthiest man in China needs to find an heir to his $122bn empire


The wealthiest man in China needs to find an heir to his $122bn empire

Wang Jianlin, founder and chairman of Dalian Wanda Group, said his only son, 28-year-old Wang Sicong, doesn’t want to take over his shopping centres, hotels, theme parks and sports clubs.

‘I have asked my son about the succession plan, and he said he does not want to live a life like mine. Perhaps young people have their own quests and priorities,’ Wang, 62, told an entrepreneurs summit over the weekend.

Wang Sicong is a director at his father’s empire, with a 2% stake. He founded Prometheus Capital in 2011 and has made investments in Invictus Gaming, Dining Concepts Holdings.

In May last year, he bought two Apple Watches for his dog, called Wang Keke, who wears them both on his front legs. In a country with a fast widening wealth gap, the pictures quickly caused outcry. .

Apple Watch sells between £820 and £1,300 in China, which is more than the monthly salary of an average office worker in big cities. He went to school in Britain and studied philosophy at the University College London.

Want Latest Controversial News? Download the Linjust app for Android Phones.

Continue Reading
3 Comments

3
Leave a Reply

avatar
3 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
3 Comment authors
treasureAnthony DugboPossible Wilson Recent comment authors
newest oldest most voted
Possible Wilson
Guest
Possible Wilson

Lol, instead of using the money for poor orphans and the widows he’s spending it to buy apple watch for a dog that does not know the value of such important equipment. That’s weird though…

Anthony Dugbo
Guest
Anthony Dugbo

Senseless spending!

treasure
Guest
treasure

He’s so selfish, that money will change millions of lives out there. And he wasting it on mere animal. Nawa o……

More in NEWS

To Top