Sun Hongbin Net Worth is$1.15 Billion
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Sun Hongbin Net Worth: Sun Hongbin is a Chinese-American businessman who has a net worth of $1.15 billion. Having built a fortune developing property in his hometown of Tianjin, Sun Hongbin makes his debut among billionaires this year as the chairman of property developer Sunac China Holdings. Sunac's shares almost tripled in value throughout the last year amid hopes for recovery in China's real estate market. Taking advantage of the stock rally, the company successfully raised cash through a January 2013 stock sale, thus reducing Sun's stake in the company from 51.8% to 47.1%. Sun Hongbin is a U.S. citizen with current residence in Tianjin, China.
Sunac China Holdings Limited (SEHK: 1918), headquartered in Tianjin, People's Republic of China, is one of the leading residential property developers in China.The company focuses on large-scale, medium to high-end property developments. It does not only focus on its home market of Tianjin, but also has operations in Beijing, Chongqing, Wuxi and other select cities.
Sunac China was founded in 2003 in Tianjin by Sun Hongbin, previously the founder, chairman, and CEO of Sunco Group. It was listed on the Hong Kong Stock Exchange in October 2010 with the IPO price of HK$3.48 per share.

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Sun Hongbin Latest News

Sunac's Sun Hongbin: from outside top 50 to China’s fourth-richest property tycoon in just 12 months

A series of aggressive asset purchases over the past year has propelled real estate magnate Sun Hongbin into China’s top five property billionaires, from outside the top 50, 12 months ago. His sweeping ascendancy is part of a reshuffle at the top of ...
Posted: October 30, 2017, 3:07 am

Sunac's Sun Hongbin: from outside top 50 to China’s fourth-richest property tycoon in just 12 months

A series of aggressive asset purchases over the past year has propelled real estate magnate Sun Hongbin into China’s top five property billionaires, from outside the top 50, 12 months ago. His sweeping ascendancy is part of a reshuffle at the top of ...
Posted: October 30, 2017, 3:11 am

Chinese magnate Sun Hongbin says his 15 billion yuan LeEco bailout brought tears to his eyes

Sun Hongbin is nothing if not indefatigable. The real estate magnate, exonerated from a four-year jail sentence for embezzlement, sprang back to build Sunac China over a decade into one of the country’s most aggressive asset buyers and biggest property ...
Posted: September 1, 2017, 12:30 pm
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