Chinese developer declared new richest tycoon

Associated Press
Chinese developer declared new richest tycoon

FILE - In this Wednesday, June 19, 2013, file photo, Wanda Chairman Wang Jianlin applauds in front of the logo for Dalian Wanda Group during an event at a hotel in Beijing, China. The Hurun Report, which follows China's wealthy, said Wednesday, Sept. 11, 2013, that Wang, whose Dalian Wanda Group Co. operates hotels, cinemas and department stores, was ranked No. 1 for the first time on Hurun's annual list of Chinese tycoons with a fortune of $22 billion. (AP Photo/Ng Han Guan, File)

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