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AFP
16 hours ago
"If you've made money, it's definitely because you have skills; I believe that
the majority of people who've made money did so through normal channels,"
he said. "The majority of people with money, especially extraordinarily rich
people, are good people."
- 'New opportunities' Wang is known outside China for a string of overseas acquisitions including
the organiser of Ironman extreme endurance contests, Swiss sports
marketing group Infront, and a stake in Spanish football club Atletico Madrid.
He burst into the international spotlight in 2012 by buying US cinema chain
AMC Entertainment for $2.6 billion and his company owns more than 200
malls, shopping complexes and luxury hotels across China.
Wang leapt from fourth to first in the Forbes list, one of several charting
China's most affluent people.
He unseated Jack Ma, founder of tech giant Alibaba, who dropped to second
place on $21.8 billion as his firm's share price slumped in New York.
The 100 richest people in China were worth $450 billion, Forbes said, up
nearly 20 percent in a year -- far faster than current GDP growth of 6.9
percent and despite a rout on Chinese stock markets.
Six out of ten of China's richest were in the technology sector, including Ma
Huateng of Internet titan Tencent (third), Lei Jun of Xiaomi (fourth), and Robin
Li of Chinese search engine Baidu, who slipped four spots this year from
second to sixth.
"China's economy is going through a period of structural change," said Forbes
senior editor and list compiler Russell Flannery, adding that the richest had
found "new opportunities tied to that transition".