Madison Street Capital On Beijing’s Billionaires
Beijing now lays claim to having more billionaires than any other city in the world. It tops the previous winner, New York City, by five, according to an article published in The Guardian.
The richest person in Beijing is Wang Jianlin who places 21st on Forbes Magazine’s list of wealthiest people. Wang is the owner of Dalian Wanda Group which is the largest private real estate company in China. He also owns AMC Entertainment and Hoyt Group which operates theater locations around the world. AMC Entertainment is the second largest owner of theaters in the United States and in Australia.
Another billionaire living in Beijing is Jack Ma. He is the founder of Alibaba Group. Since different companies use different measures, Forbes Magazine says he is the wealthiest man in China. After coming to the United States and being introduced to the Internet by searching for the word beer, Jack Ma returned to China and founded his company to help businesses sell to other businesses.
Another billionaire in Beijing is Zong Qinghou who owns EditWatch this page
Hangzhou Wahaha Group. This group is the largest beverage company in China. He also is a delegate in the Chinese government.
The report of the wealthiest citizens in Beijing was prepared by the Hurun Group. This group insists that if the report was prepared during summer 2015 that at least 150 people would have made the report. Hurun’s founder Robert Hoogewerf says that Beijing is extremely well known for the number of self-made billionaires.
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