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	<title>VR World &#187; hurun</title>
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		<title>Taiwanese Tycoon Tsai Eng-meng is the Richest Man in Taiwan: Hurun</title>
		<link>http://www.vrworld.com/2015/02/04/taiwanese-tycoon-tsai-eng-meng-richest-man-taiwan-hurun/</link>
		<comments>http://www.vrworld.com/2015/02/04/taiwanese-tycoon-tsai-eng-meng-richest-man-taiwan-hurun/#comments</comments>
		<pubDate>Wed, 04 Feb 2015 08:24:23 +0000</pubDate>
		<dc:creator><![CDATA[Jimmy Chuang]]></dc:creator>
				<category><![CDATA[China]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Taiwan]]></category>
		<category><![CDATA[US]]></category>
		<category><![CDATA[billionaire]]></category>
		<category><![CDATA[hong kong]]></category>
		<category><![CDATA[hurun]]></category>
		<category><![CDATA[rich]]></category>
		<category><![CDATA[taiwanese]]></category>
		<category><![CDATA[want want]]></category>

		<guid isPermaLink="false">http://www.vrworld.com/?p=46523</guid>
		<description><![CDATA[<p>Want Want Group Chairman Tsai Eng-meng is the richest man in Taiwan.</p>
<p>The post <a rel="nofollow" href="http://www.vrworld.com/2015/02/04/taiwanese-tycoon-tsai-eng-meng-richest-man-taiwan-hurun/">Taiwanese Tycoon Tsai Eng-meng is the Richest Man in Taiwan: Hurun</a> appeared first on <a rel="nofollow" href="http://www.vrworld.com">VR World</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><img width="400" height="266" src="http://cdn.vrworld.com/wp-content/uploads/2015/02/20141124112425778.jpeg" class="attachment-post-thumbnail wp-post-image" alt="20141124112425778" /></p><p>The latest Hurun Global Rich List 2015 said that Want Want Group Chairman Tsai Eng-meng (蔡衍明) is the richest man in Taiwan.</p>
<p>Hurun said that Tsai owns a total asset of at least US$10 billion.</p>
<p>The ranking, which was made for billionaires around the world, was compiled and organized by Chinese magazine Hurun Report and sponsored by Star River Property, a Chinese luxury home builder. The annual ranking listed a total of 48 Taiwanese people on this year’s rich man chart. Among them, former Taiwanese vice president Lien Chan (連戰) is the only listed man who is not a businessman but owns a total asset of US$6.1 billion. In addition, Lien is also the first Taiwanese politician to be listed on the Hurun Report.</p>
<p>For those listed Chinese billionaires, the richest man is Li Ka-shing (李嘉誠), chairman of Hong Kong&#8217;s Cheung Kong Group (<a href="http://www.google.com/finance?q=HKG%3A0001&amp;ei=sNPRVOmhIar7igKbtYCoDQ">HKG: 0001</a>), who has a fortune of US$32 billion.   Hong Kong real estate tycoon Lee Shau-kee (李兆基) followed Li&#8217;s ranking as the second richest Chinese man with US$26.5 billion.</p>
<p>The richest man in China is Hanergy Holdings Chairman Li Hejun (李河君) with total assets of US$26 billion, followed by Dalian Wanda Group (<a href="http://www.google.com/finance?q=HKG%3A+3699&amp;ei=69XRVLC3Eqr7igKbtYCoDQ">HKG: 3699</a>) Chairman Wang Jianlin (王健林) with US$25 billion and Alibaba Group (<a href="http://www.google.com/finance?q=NYSE%3ABABA&amp;ei=ANbRVJHHLMioiQKG8IHgAg">NYSE: BABA</a>) Chairman Jack Ma (馬雲) with his assets of US$24.5 billion.</p>
<p>Bill Gates, Microsoft’s (<a href="http://www.google.com/finance?q=NASDAQ%3AMSFT&amp;ei=GtbRVIG7Fqr7igKbtYCoDQ">NASDAQ: MSFT</a>) co-founder, remains on the top of the chart with a fortune of US$85 billion. Carlos Slim Helu, Mexican telecommunications mogul, checks in the second place on the chart with his assets of US$83 billion, followed by American investor Warren Buffett with US$76 billion, Hurun said.</p>
<p>Mark Zuckerberg, founder for Facebook (<a href="http://www.google.com/finance?q=NASDAQ%3AFB&amp;ei=M9bRVJnLDsfhiwL5zoDACg">NASDAQ: FB</a>), is on the 7<sup>th</sup> place with US$44 billion.</p>
<p>Hurun said that there are 2,089 people with a fortune of at least US$1 billion, including 537 Americans and 430 Chinese billionaires.</p>
<p>The post <a rel="nofollow" href="http://www.vrworld.com/2015/02/04/taiwanese-tycoon-tsai-eng-meng-richest-man-taiwan-hurun/">Taiwanese Tycoon Tsai Eng-meng is the Richest Man in Taiwan: Hurun</a> appeared first on <a rel="nofollow" href="http://www.vrworld.com">VR World</a>.</p>
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		<title>Dalian Wanda Commercial Properties Co&#8217;s IPO in Hong Kong</title>
		<link>http://www.vrworld.com/2014/12/23/dalian-wanda-commercial-properties-cos-ipo-hong-kong/</link>
		<comments>http://www.vrworld.com/2014/12/23/dalian-wanda-commercial-properties-cos-ipo-hong-kong/#comments</comments>
		<pubDate>Tue, 23 Dec 2014 07:55:20 +0000</pubDate>
		<dc:creator><![CDATA[Jimmy Chuang]]></dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Alibaba]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[hong kong]]></category>
		<category><![CDATA[hurun]]></category>
		<category><![CDATA[ipo]]></category>
		<category><![CDATA[jack ma]]></category>
		<category><![CDATA[wanda]]></category>
		<category><![CDATA[wang jianlin]]></category>

		<guid isPermaLink="false">http://www.vrworld.com/?p=41431</guid>
		<description><![CDATA[<p>Wanda Group's IPO in Hong Kong does not make Wang Jianlin the richest man in China immediately</p>
<p>The post <a rel="nofollow" href="http://www.vrworld.com/2014/12/23/dalian-wanda-commercial-properties-cos-ipo-hong-kong/">Dalian Wanda Commercial Properties Co&#8217;s IPO in Hong Kong</a> appeared first on <a rel="nofollow" href="http://www.vrworld.com">VR World</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><img width="500" height="333" src="http://cdn.vrworld.com/wp-content/uploads/2014/12/201211165271353031784406.jpg" class="attachment-post-thumbnail wp-post-image" alt="201211165271353031784406" /></p><p>Chinese shopping mall developer Dalian Wanda Commercial Properties Co (<a href="http://www.google.com/finance?q=HKG%3A3699&amp;ei=ahSZVKX4DMSxkAWZsYGwCA">HKG: 3699</a>) became listed on Dec. 23 and was Asia’s biggest IPO this year but its price ended up a 3% plunge when the market was closed.</p>
<p>During a press conference of the IPO, Wang said that the firm is also planning the IPO in Shanghai and it will be happening very soon, while the group is also planning to have IPOs for all its subsidiary companies in the future.</p>
<p>“Fortune is nothing but numbers. It is definitely not my priority to be the richest man in China, but it is my dream to build my company a super international giant of its kind,” Wang said.</p>
<p>A latest research and statistics by the Hurun Report said that Wang Jianlin (王健林), chairman for Wanda, will replace Alibaba Group’s (<a href="http://www.google.com/finance?q=NYSE%3ABABA&amp;ei=nhaZVJC1Mo_rkAX19oG4Aw">NYSE: BABA</a>) founder Jack Ma (馬雲) and become the most wealthy man in China if Wanda’s stock price appreciates for more than 30% but it did not happen.</p>
<div id="attachment_41432" style="width: 510px" class="wp-caption alignnone"><a href="http://cdn.vrworld.com/wp-content/uploads/2014/12/14843344944559497029.jpg" rel="lightbox-0"><img class="wp-image-41432 size-full" src="http://cdn.vrworld.com/wp-content/uploads/2014/12/14843344944559497029.jpg" alt="Wanda Group Chairman Wang Jianlin" width="500" height="334" /></a><p class="wp-caption-text">Wanda Group Chairman Wang Jianlin</p></div>
<p>Hurun Report ranked Wang as the 26<sup>th</sup> richest person in the world in 2014, with a total asset of US$25 billion. In 2013, Forbes ranked him as the 128<sup>th</sup> richest person in the world, with the asset of US$8.6 billion. In August 2013, Bloomberg listed him as the richest man in China with a total amount of US$14.2 billion. Hurun Report said that his net worth rose to US$22 billion in September 2013. Wang, who owns 98% of the Wanda Group, is currently ranked as the 4<sup>th</sup> richest man in China by Forbes.</p>
<p>Alibaba’s stock price, meanwhile, ended up with a 38% appreciation on the first day to be listed on New York Stock Exchange back in September.</p>
<p>The IPO values the company at 8.6 times 2015 earnings forecasts. The Beijing-based firm has China’s largest commercial property portfolio, with 159 Wanda Plaza shopping centers and six Wanda City projects across China.</p>
<p>Fitch Ratings said that the proceeds from the IPO will help reduce Wanda’s leverage from 10.8 times earnings at the end of June to just under seven times by year-end, while net debt is expected to be trimmed to below US$10 billion, from US$13 billion five months ago.</p>
<p>Moody also estimated in a recent report and said that Wanda’s net debt ratio will decline to 38% to 42% at the end of 2014, from 44.5% at the end of June.</p>
<p>“The IPO will reduce Wanda’s reliance on debt funding, thereby enhancing its interest coverage,” Moody’s report said.</p>
<p>The post <a rel="nofollow" href="http://www.vrworld.com/2014/12/23/dalian-wanda-commercial-properties-cos-ipo-hong-kong/">Dalian Wanda Commercial Properties Co&#8217;s IPO in Hong Kong</a> appeared first on <a rel="nofollow" href="http://www.vrworld.com">VR World</a>.</p>
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