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Real estate tycoon Wang Jianlin continued to be on top of the Hurun Real Estate Rich List, the Hurun research institute said Thursday in a report based on the 2014 list, though the average wealth of the individuals on the list declined compared to last year.
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The threshold of the top 50 richest entrepreneurs on the list dropped to 6.5 billion yuan, 13 percent less from the 2013 list, and the average wealth of these 50 individuals also declined by 5 percent year-on-year to 14.9 billion yuan [url=http://www.jerseyspackers.com/geronimo-allison-jersey/]Cheap Geronimo Allison Jersey[/url] , according to the report.
The decline in the average wealth of the rich entrepreneurs was mainly caused by a slowdown in the residential property market, Wang Yongping, secretary--general of the China Commercial Real Estate Association, told the Global Times Thursday.
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The IPO is set to be the biggest in Hong Kong since AIA Group raised $20.5 billion in 2010, Reuters reported in September, quoting its own research data.
As the country's leading commercial property developer, the total assets of Wanda Commercial Properties hit 260 billion yuan and annual net profit reached 24.8 billion yuan in 2013, said the Hurun report.
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And slower growth of China's residential real estate market as well as Chinese consumers' growing interest in overseas properties are also the driving factors for the property companies' expansion to other countries and regions, Hoogewerf noted.
Wang Jianlin has speeded up expanding globally in the past one year including
investments in Los Angeles,
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