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Sunday, September 17, 2017 10:24:33 PM
I tried adding up all the assets of the companies under Wang Dequn and Wang Jinlai. I only got about a quarter of the way through before it was becoming too time consuming. Your list puts the companies over 160 (I didn't check for duplicates). There may be quite a few under Wang Jinlai too, that aren't in your list.
I know some of the asset numbers are mistranslated on some sites. I was trying to cross check Wang's companies on a couple different sites to be sure of the numbers. I typically erred on the lower number (i.e. if it said 1000 million or 10 million I went with the 10). I was up to about a quarter million in assets and only a quarter way through Wang's companies before I decided that was enough evidence that Wang's companies would be worth well north of 1 billion.
If Jinbo can buy 100 million in wine, tens of millions worth of resorts, hotels and shopping plazas, then they are certainly worth more than 1 billion USD.
Here is the spreadsheet I was working on.
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