Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# 340 Wang Zhenhua $5.60B

Random fact: The group also has movie theaters and aged care services.

Overview

Wang is the founder of Future Land Development Holdings, a residential property developer in China's Yangtze River Delta region. The Shanghai-based company reported revenue of 54.8 billion ($8.3 billion) in 2018. Wang also has a stake in S-Enjoy Service Group, a property management and building maintenance company.

As of :
Last change -$128M ( -2.2%)
YTD change +$2.37B ( +73.2%)
Industry Real Estate
Biggest asset 1030 HK Equity
Citizenship China
Age 57
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Wang Zhenhua's net worth of $5.60B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Wang's wealth is derived from a 72 percent stake in Future Land Development Holdings, a Shanghai-based real estate developer. He holds the shares through British Virgin Islands-based holding companies, according to a Hong Kong stock exchange filing dated April 1, 2019.

Wang also has a 73 percent stake in S-Enjoy Service Group, through British Virgin Islands-based holding companies, according to a Hong Kong stock exchange filing dated May 12, 2018.

The value of his cash investments is based on an analysis of dividends, insider transactions, market performance and taxes.

Biography

Birthdate: 1/1/1962
Family: Married, 1 child
Education: Cheung Kong Graduate School of Business, Shanghai Television University, Jiangsu Broadcast University

Wang was born in Changzhou, China in 1962. After graduating from high school, he began working in a textile factory. He'd set up his own factory by 1988 and this allowed him to save about 2 million yuan to help start his career in real estate.

In 1993, Wang founded Wujin Future Land Investment and Development. His first project was the construction of two residential buildings with 72 units in Changzhou, according to an interview with local media in 2018.

The business moved its headquarters from Changzhou to Shanghai in 2009. Future Land Development Holdings began trading on the Hong Kong stock exchange in 2012.

Wang was probed by Changzhou city authorities in 2016, according to a Bloomberg News report. He was one of the executives to be caught up in an investigation following an anti-corruption drive, according to the report. A statement from the company the following month said that Wang had returned to work and continued in his role as executive director and chairman.

The corporate group's property management division Xinchengyue Holdings began trading publicly in Hong Kong in November 2018.

Milestones
  • 1993 Founded Future Land in Changzhou, Jiangsu.
  • 2009 Moved headquarters from Changzhou to Shanghai.
  • 2012 Future Land Development Holdings started trading in Hong Kong stock exchange.
  • 2018 Property management arm Xinchengyue Holdings begins trading in Hong Kong.