The
wealthiest man in China needs to find an heir to his $122 billion
empire after his son told him he does not want to live a life like that... having so much money
Wang
Jianlin, founder and chairman of Dalian Wanda Group, said his only son,
28-year-old Wang Sicong, doesn't want to take over his shopping
centres, hotels, theme parks and sports clubs
I
have asked my son about the succession plan, and he said he does not
want to live a life like mine
Perhaps
young people have their own quests and priorities. Probably it will be
better to hand over to professional managers and have us sit on the
board and see them run the company,' Wang said.
'We have several professional managers as candidates.
'The
one who is handpicked and later trained to be a business leader should
be no better than those who manage to stand out of the others through
competition.'
He founded Prometheus Capital in 2011 and has made investments in Invictus Gaming, Dining Concepts Holdings
In May last year, the son bought two Apple Watches for his dog, called Wang Keke, who wears them both on his front legs
Pictures of the dog wearing the smart watches were posted to Weibo, China's answer to Twitter
In
a country with a fast widening wealth gap, the pictures quickly caused
outcry. Apple Watch sells between £820 and £1,300 in China, which is
more than the monthly salary of an average office worker in big cities.
Sicong has 21 million followers on Weibo, while his dog has its own account.
The son went to school in Britain and studied philosophy at the University College London
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