Real estate developer identified as richest person in China

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Wang Jianlin, who owns China’s biggest commercial developer, has a net worth of $14.2 billion, making him the richest person in the country, Bloomberg reported.

Jianlin owns Dalian Wanda Group, the largest movie theater chain in the world, and plans to increase his property holdings 68 percent by 2014, according to Bloomberg. Currently, Jianlin presides over 148 million square feet of property, the news outlet reported.

Source: Bloomberg