Rupert Hoogewerf
Rupert Hoogewerf

Wang Jianlin, chairman of the China Wanda Group, tops the 2015 Hurun Property Wealth List, with 120 billion yuan (US$18.9 billion) in real estate. Property tycoon have been doing really well, says Hurun founder Rupert Hoogewerf in the China Daily, despite the relative drop in China´s growth.

China Daily:

(The Wang family) are followed by Chen Lihua of the Fu Wah International Group whose wealth in theindustry is 47 billion yuan.

The average fortune of top ten property tycoons is 41.6 billion yuan, up 23 percent from theprevious year.

“China’s real estate tycoons have had a good year generally, as the big players havecontinued to grow fastest, making it harder for small and medium-sized players to keep up,”said Rupert Hoogewerf, chairman and chief researcher at Hurun Report Inc.

Hoogewerf added that the recent cut in interest rates as well as bank’s cash reserve ratio hasboosted the industry.

This is the tenth year the Hurun Research Institute releases a rich list in the real estate sector.The finalists’ fortune in other sectors such as entertainment was not calculated.

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