Chinese real estate tycoon Wang Jianlin is once again the richest man in Asia, surpassing Li Ka-shing, the most recent owner of the title.

Wang Jianlin's wealth balloons on stock value hike

According to the Bloomberg rich list, Wang sits on US$38.1 billion, making him the richest man in Asia and the 11th richest in the world. That is thanks to a continuous rise in the stock value of his listed assets: Wanda Cinema Line and Wanda Commercial Properties, which expanded 74 percent and 33 percent respectively in April.

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