ISN'T THIS INSANE????!!!! ONLY IN CHINA?

https://www.bloomberg.com/news/articles/2017-08-30...
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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Comments (16)

Aug 30, 2017
My Name is Jeff:

For scale, that's more wealth than that of all of WSO's members combined.

Sorry bro, but I doubt that. Proof? I mean we're talking WSO here.

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Best Response
Aug 30, 2017

Agreed. We have Patrick, Dick Fuld, and @Pump and Dump's $11,000.

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Aug 30, 2017

My net worth is actually around $35k considering every I won/inherited.

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Aug 30, 2017

lol that's an odd measure for him to use

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Aug 31, 2017

Forgive me senpai for the clickbait phrase

GoldenCinderblock: "I keep spending all my money on exotic fish so my armor sucks. Is it possible to romance multiple females? I got with the blue chick so far but I am also interested in the electronic chick and the face mask chick."

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Aug 30, 2017

More wealth than all of wso 's members combined? Please, tis a drop in the bucket! tongue very much in cheek.

    • 2
Aug 30, 2017

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.

Follow the shit your fellow monkeys say @shitWSOsays

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    • 3
Aug 30, 2017

corruption in china? Noooooo.

    • 1
Aug 30, 2017

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.

Aug 31, 2017

Sorry, my bad. But it's insane, considering that debt levels for the Evergrande Group are at 170%.

GoldenCinderblock: "I keep spending all my money on exotic fish so my armor sucks. Is it possible to romance multiple females? I got with the blue chick so far but I am also interested in the electronic chick and the face mask chick."

Aug 30, 2017

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...