Richest Real Estate Billionaires In 2016

Forbes Rank: No. 18

Net Worth: $28.7 billion

Citizenship: China

Wang Jianlin dove deeper into the realm of American entertainment in January 2016, announcing that his Dalian Wanda Group will spend $3.5 billion to buy U.S. film and TV production company Legendary Entertainment. In 2013, Dalian Wanda bought U.S. movie theater chain AMC Entertainment Holdings for $2.6 billion. Companies controlled by Wang have spanned the globe in recent years: In January 2015 Dalian Wanda bought 20% of Spanish soccer team Atletico Madrid and in August 2015 it purchased the organizer of Ironman Triathlons for $650 million. Two of his companies went public in China in 2015: real estate firm Wanda Commercial Properties and Chinese movie theater chain Wanda Cinema Line. Dalian Wanda started as a commercial real estate developer, building shopping plazas and hotels.

Photo: Rolex Dela Pena/EPA/Newscom