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Billionaire Wang Jianlin signals son won’t helm $91.7 billion empire

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Chinese billionaire Wang Jianlin clarified his plans to hand the helm of his 634 billion yuan ($91.7 billion) property-to-media empire, Dalian Wanda Group Co., to professional managers as the tycoon’s only son didn’t seem to be interested in following his father’s footsteps

"I’ve asked my son and he said he didn’t want to live a life like mine," Wang, 62, said in a forum in Beijing on Saturday, according to a transcript of his speech. This is the second time the Chinese tycoon, with a net worth of $31 billion, commented on the matter for the record. He first floated the idea of letting a professional take over on a Chinese TV show in May.

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