Wang Jianlin's story
#safeWallet #SAFE
At his peak, Wang Jianlin owned 200 Wanda Plazas, 1,200 cinemas, 77 hotels, and a personal fortune of 290 billion, surpassing Li Ka-shing to become the richest man in Asia. At that time, Wang Jianlin was in his prime, and his Versailles remarks frequently went viral: "Tsinghua University and Peking University are not as good as being bold", "A small goal of 100 million", etc. In 2017, the bank stopped supplying, so he had to cut off his arms to survive and sell high-quality assets at a low price to repay his debts. 77 hotels worth more than 40 billion were sold to R&F Group for only 17.3 billion; 2 cultural tourism projects with a total value of 480 billion were packaged and sold to Sunac for only 68 billion.... In just two years, 200 billion was repaid. At the same time, Wanda announced the divestment of all real estate businesses, not leaving a single square meter. All real estate that had been operated for 20 years was sold, and it was completely transformed into a light asset company.
#safeWallet #SAFE
#safeWallet #SAFE
At his peak, Wang Jianlin owned 200 Wanda Plazas, 1,200 cinemas, 77 hotels, and a personal fortune of 290 billion, surpassing Li Ka-shing to become the richest man in Asia. At that time, Wang Jianlin was in his prime, and his Versailles remarks frequently went viral: "Tsinghua University and Peking University are not as good as being bold", "A small goal of 100 million", etc. In 2017, the bank stopped supplying, so he had to cut off his arms to survive and sell high-quality assets at a low price to repay his debts. 77 hotels worth more than 40 billion were sold to R&F Group for only 17.3 billion; 2 cultural tourism projects with a total value of 480 billion were packaged and sold to Sunac for only 68 billion.... In just two years, 200 billion was repaid. At the same time, Wanda announced the divestment of all real estate businesses, not leaving a single square meter. All real estate that had been operated for 20 years was sold, and it was completely transformed into a light asset company.
#safeWallet #SAFE