Sun Hongbin Net Worth, bio, career, and how he achieves the wealth that he has right now have been discussed in this article. This is will help you a lot to answer every question that you have about her.
Sun Hongbin is the founder and chairman of Sunac China Holdings, one of China’s largest real estate developers. Sunac is headquartered in Tianjin, and its shares trade on the Hong Kong Stock Exchange. He is a member of the Richest Billionaires. Sun Hongbin estimated net worth is around $2.5 billion as of 2022.
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Early Life, Age, and Bio
|Full Name||Sun Hongbin|
|Birth Date / Age||1963 / 58-59 Years Old|
|Birth Place||Shanxi province, China|
|Source of Wealth||Real estate developer, Executive Chairman of the Board of Sunac China|
|Relationship Status||married with two children.|
|Height||1.8 m or 5 ft 11 inches|
|Sun Hongbin Net Worth||$2.5 billion|
Sun Hongbin was born in Shanxi province in 1963. Sun earned a master’s degree from Tsinghua University in 1985 and attended a six-week advanced management program at Harvard Business School in 2000.
Sun has US citizenship and lives in Tianjin, China.
Sun Hongbin Net Worth and Career
Sun Hongbin is the chairman and majority shareholder of Sunac, the Chinese property group.
In 1992, he was jailed in China following an embezzlement conviction which was later overturned. In October 2017 he was ordered to do “26 hours of re-education in corporate governance” after being censured for having broken the listing rules of the Hong Kong Stock Exchange.
Mr. Sun became the Chief Executive Officer of Sunco Group until September 07, 2015. He was also a key person in the early development of Lenovo because he was part of the top management team. Mr. Sun is also a member of the Advisory Board of Jade Alternative Investment Advisors Limited and Jade China Value Partners L.P. He became the Executive Director of Sunac China Holdings Limited on April 27, 2007. Mr. Sun graduated M.E. from Tsinghua University in Beijing in 1985. He also holds an Advanced Management Program Diploma from Harvard University. Sun Hongbin has an estimated net worth of $9 billion.
Sun Hongbin Net Worth
Sun Hongbin Net Worth is estimated to be around $2.5 billion as of 2022. His wealth comes from his business.
Sun Hongbin untold story
Sun Hongbin was born in a poor village in Shanxi Province China. The eldest of 4 children, he earned a master’s degree from Tsinghua University in 1985. He quit graduate school and began to work in sales at Lenovo.
He quickly rose the rank and by age 27, he controlled 18 companies. Liu Chuanzhi, CEO of Lenovo accused him of embezzlement and he spent almost 4 years in jail.
Amazingly, after he was released from prison, he went back to the same old boss, apologized, and got a loan of half a million RMB to start his own real estate company.
Sunac grew to be a giant in Tianjin and Beijing and in 2010 Sunac went public in Hong Kong.
Next, he pushed Sunac into a national power with entrance into China’s second-tier cities.
In 2017, he paid $9.3B to Wang Jianlin to take over the tourism projects and hotels of Wanda Group.
He now competes with Disney for entertainment. Nickname the Barbarian Real Estate Tycoon his 2 secrets of success are (1) you must take risks and (2) failure is normal so help those who fail.