Date
19 August 2017

Baidu’s Li is China’s richest man, Sina says

Baidu Inc. chief executive Robin Li has overtaken billionaire property developer Wang Jianlin to become China’s richest man, news portal Sina Finance reported Wednesday, citing the Bloomberg Billionaires Index. Li’s net worth has grown by US$4.8 billion since the beginning of the year to US$12.23 billion. That compares with Wang’s US$12.17 billion, up US$2.9 billion this year. Li had lagged Wang in the rankings just 14 days earlier, the report said. Wang’s assets include the AMC cinema chain.

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