Li Hejun

Li Hejun

Last year's No. 1 on the Forbes China Rich List slipped 3 notches this year due to lower values for the commercial real estate owned by his Dalian Wanda Group. Nonetheless it has been a busy year. In August Wanda Group joined forces with Internet giants Baidu and Tencent to set up an e-commerce company called Wanda E-Commerce and announced investment projects in Beverly Hills, Australia and Chicago. Wang is gearing up to list the crown jewel of his empire, Wanda Commercial Properties, which as of June had 98 shopping plazas and 57 5-star hotels, on the Hong Kong Stock Exchange before the end of 2014. A listing for his Chinese movie business is also in the works.

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Blossary: China Rich List 2014
Industry/Domain: Energy
Category: Renewable energy
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