Residence Beijing, China Net worth 6.3 billion USD (2015) Role Businessman | Name Wang Jing Nationality Chinese | |
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Born 1972 Beijing Occupation Chairman and CEO, Beijing Xinwei | ||
Wang Jing (Chinese: 王靖; pinyin: wáng jìng, born 1972 in Beijing) is a Chinese businessman and billionaire. He is the Chairman and CEO of Beijing Xinwei, a Chinese telecoms company. Among his major interests is the HKND Group that manages the Nicaraguan Canal and Development Project to build the Nicaragua Canal.
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Early life
Jing was born in Beijing, and studied at Jiangxi University of Traditional Chinese Medicine but did not graduate. Later he organized Beijing Changping Traditional Health and Culture School.
Career
In the 1990s he went to Hong Kong to study finances and investment. In 1998 he founded Dingfu Investment Consulting Co. in Beijing, and in 2001 Hong Kong Divine (Dingfu) Investment Group Ltd. It is unclear how he acquired a large 37% stake in Beijing Xinwei Telecom Technology later. When he sold his stake to a listed company now named Beijing Xinwei, his position in Forbes’ listing of China’s billionaires jumped from #94 in 2013 to #12 in 2014.
Beside his interest in HKND, Jing has involvements in project consulting, mining, and agribusiness. A project to develop a Black Sea deep water seaport north of Sevastopol is on hold due to political instability.
In November 2015, it was reported that the Nicaragua Canal project had been delayed due to environmental impact assessment, and a collapse in the Chinese stock market which meant that Wang Jing's net worth, at one time over $10 billion had fallen to as low as $1.1 billion at one point.
According to Forbes, Wang Jing has a net worth of $3.3 billion as of November 2015.
Personal life
Wang Jing is unmarried and lives in Beijing.