Billionaire's Son Spends RMB2.5 Million at a KTV

By Justine Lopez, March 18, 2016

5 0

For your average Joe, buying a RMB22 cup of coffee at Starbucks every day is enough to make their wallet weep. But that definitely is not the case for Wang Sicong, the son of Beijing’s wealthiest billionaire and the richest man in China, Wang Jianlin. 

Wang has a special talent for spending his father’s money in, some would say, the most frivolous ways possible. According to nextshark.com, Wang spent RMB2.5 million at a KTV. And no, it wasn’t over the course of a year. This was in a single night. According to the article, six receipts from the KTV were signed by Wang, and they added up to a grand total of more than USD386,000. 

201603/Wong-sicong-karaoke-spending-spree-2.jpg

This isn’t the first time that Wang has gone on a spending spree during a wild night on the town. Last Halloween he somehow managed to spend a whopping RMB200,000 on food and drinks while partying with his crew in one of Sanlitun’s fancy nightclubs. And let’s not forget the time when he made headlines for spending RMB250,000 on two, yes two, golden Apple Watches for his dog, Keke. 

201603/dog-apple-watch-wong-sicong.jpg

Spending more money than most will ever see in their lives may seem unfathomable to normal folks. But when your father is the billionaire behind China’s largest commercial property company, Dalian Wanda, it’s apparently no big thing. It is estimated that Wang's father is now worth a total of USD34.4 billion. And judging from Wang's spending habits, it’s fair to say that he is reaping the rewards of his father's success.  

To put in perspective, the USD386,000 that Wang recently spent equates to well over 100,000 cups of Starbucks coffee. That’s probably enough coffee to fuel the entire staff here at That’s for a lifetime – or at least a few years. 

more news

Tickets Now On Sale to See Carly Rae Jepsen In Beijing and Shanghai

We really, really, really, really, really, really like Carly Rae Jepsen.

Harry Styles Spotted In Beijing Record Label T-Shirt

The boyband member-turned-actor was caught wearing something totally random at an Ariana Grande concert recently.

5 Fast Facts About Chinese-American Mandopop Idol Wang Leehom

The violinist turned singer is one of the biggest names in the mainland's music scene.

PHOTOS: The Rock, Jason Statham Wow Fans in Beijing and Guangzhou

Tequila, iron and photos: Dwayne ‘The Rock’ Johnson and Jason Statham come to China!

Beijing-Hawaii Flights Suspended Amid Ongoing Trade War

Air China's nonstop flights from Beijing to Hawaii will be suspended from August 27 onward.

TFBoy Roy Wang Busted Smoking in Beijing Sushi Restaurant

The young celebrity's squeaky-clean image takes a hit.

Snacks and the City: The Latest Food & Drink News in Beijing

Here, a roundup of things we ate and gossiped about this month – for journalism, for research, for you, readers.

Snacks and the City: The Latest Food & Drink News in Beijing

Here, a roundup of things we ate and gossiped about this month – for journalism, for research, for you, readers.

0 User Comments

In Case You Missed It…

We're on WeChat!

Scan our QR Code at right or follow us at ThatsBeijing for events, guides, giveaways and much more!

7 Days in Beijing With thatsmags.com

Weekly updates to your email inbox every Wednesday

Subscribe

Download previous issues

Never miss an issue of That's Beijing!

Visit the archives

Get the App. Your essential China city companion.