'China's richest man' and personal avatar of the real estate bubble Wang Jianlin made 4.24 million yuan ($695,676) an hour last year, Xinhua reports.
Wang, chairman of property conglomerate Dalian Wanda Group, was anointed as China's richest man by Forbes on October 16 with an estimated total fortune of 85 billion yuan ($14 billion).
The "hourly wage" figure was reached (not very scientifically) by netizens, who subtracted Wang's reported 2012 earnings (48.8 billion yuan) from 2013's and divided it by the number of hours in a year (around 8,766), coming up with 4.24 million yuan per hour.
Wang's huge asset value is derived to a great extent from the ever inflating bubble that is the Chinese housing market, as real estate values fall / return to some semblance of reality, so will Wang's fortune.
[Image via Flickr]
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