Richest Man In China’s Son Rejects Father’s $122bn Empire

Apparently the wealthiest man in China is in a dilemma as the heir to his $122bn business empire is not interested in his Billions; his only son told him he does not want to ‘live a life like that’.

Mr. Wang Jianlin, founder and chairman of Dalian Wanda Group, said only son, 28-year-old Wang Sicong, doesn’t want to take over his shopping centres, hotels, theme parks and sports clubs.

62yrs old Jianlin said, “I have asked my son about the succession plan, and he said he does not want to live a life like mine. Perhaps young people have their own quests and priorities.”

His son Wang Sicong is already doing well for himself financially, he is also a director at his father’s empire, with a 2% stake. He founded Prometheus Capital in 2011 and has made investments in Invictus Gaming, Dining Concepts Holdings.

He went to school in Britain and studied philosophy at the University College London.