Wang Jianlin, whose Dalian Wanda Group Co operates hotels, cinemas and department stores, has been named China's richest tycoon by the Hurun Report, which has just released its 2013 China Rich List.
The 59-year-old billionaire (pictured) was ranked No.1 for the first time on Hurun's annual list with a fortune of $22 billion.
Beverage entrepreneur Zong Qinghou, owner of the popular canned-drinks company Wahaha, was second with $18.7 billion.
Third on the Hurun list was Ma Huateng, also known as Pony Ma, founder of Tencent Inc, a popular provider of online games and entertainment, at $10.1 billion.
One in four on the list of the top 1,000 earners made their fortunes in real estate and the number of Chinese worth at least $1 billion has increased by 64 to 315 this year.
Hurun says 559 of those on the list have seen their wealth grow, while 252 saw their fortunes shrink.
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