https://www.bloomberg.com/news/articles/2017-08-3…
Long story short, this guy's company stock tripled, adding 26.7 billion USD to his wealth. For scale, that's more wealth than that of all of WSO's members combined. His company doesn't seem to be particularly unique too - just another real estate company like Li Ka Shing's (edit: Wang Jianlin's) Wanda.
Does this level of speculation happen in China?!
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Sorry bro, but I doubt that. Proof? I mean we're talking WSO here.
Agreed. We have Patrick, Dick Fuld, and Pump and Dump's $11,000.
My net worth is actually around $35k considering every I won/inherited.
lol that's an odd measure for him to use
Forgive me senpai for the clickbait phrase
More wealth than all of wso 's members combined? Please, tis a drop in the bucket! tongue very much in cheek.
Hint: it isn't speculation, this is corruption. These kinds of things aren't daily occurrences in China but almost all of these stories involve development corruption with the government.
corruption in china? Noooooo.
Wanda is Wang Jian Lin's, not Li Ka Shing's ... Li Ka Shing is from Hong Kong.
Xu Jia Yin (the standard mandarin pronunciation) is very famous in China indeed, not sure if he's that rich though.
Not Hui Ka Yan --- some weird translation or Cantonese pronunciation.
Sorry, my bad. But it's insane, considering that debt levels for the Evergrande Group are at 170%.
No need to feel bad, you are a good guy who helps people.
AFAIK Evergrande group controls a really strong soccer team in China, which won the Asia Champion League title a couple times. Their major field is still real estate though (seem to get into others in recent years)
Speaking of that guy, Wang Jian Lin, he just admitted that he has a debt of 200 billion Chinese RMB...so roughly 30+ Billion dollars...
This aged well
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