Chinese tycoon set to reap more billions with IPO

Beijing

PROPERTY billionaire Wang Jianlin rose from a local government bureaucrat to China's richest man by transforming a debt-laden state-owned housebuilder into the sprawling Wanda Group, and the flotation of one of its subsidiaries this week will propel him back up the table of fortune.

Mr Wang has penchants for karaoke and collecting. He's got an impressive collection of fine art, property projects in top markets around the world, and an ever-expanding portfolio of companies including cinema chain AMC and yachtbuilder Sunseeker.