"Dalian Wanda Group Co. has hit back at an online rumor that chairman Wang Jianlin -- once the richest man in Asia -- has died, saying he led a meeting on Monday."
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"The unit, Zhuhai Wanda Commercial Management Group Co., which manages almost 400 malls across China, counts real-estate tycoon Wang Jianlin as its largest shareholder. "
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"Wang Jianlin used to be Asia's richest person, busy expanding his Dalian Wanda Group Co. by acquiring trophy assets overseas, all aided by easy credit."
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"The wealth of Chinese billionaire Wang Jianlin surged more than $450 million through his stake in AMC Entertainment Holdings Inc. as the cinema operator spiked as much as 310% to erase last year's pandemic-induced slump."
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"It's only the second time a Chinese national has broken into the world's Top 10 -- property tycoon Wang Jianlin hit No. 8 in 2015 -- and no one from the mainland has ever ranked this high on Bloomberg's wealth index since it launched in 2012."
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