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.

Sun Hongbin Latest News

Sun Hongbin - from prison inmate to white knight

TWO decades ago, Sun Hongbin was in prison and fighting to overturn a conviction on charges he'd embezzled company funds. Today, the chairman and CEO of Sunac China Holdings Ltd, the Tianjin-based property developer he founded in 2003, is one of the ...
Posted: February 9, 2015, 4:00 pm

The Return of Sun Hongbin

The returned Sun Hongbin is no longer that same "real estate hacker" who once challenged Vanke real estate.This may cause those who knew him to feel somewhat lost.On September 24th, Sunac China Holdings Limited published a financial prospectus on HKEx that ...
Posted: July 8, 2016, 4:44 pm

Sunac, Headed By New Billionaire Sun Hongbin, Falls In HK On Stock Sale

Shares in China-based property developer Sunac China Holdings dropped in Hong Kong today after the company said it would sell 300 million new shares, or a 9% stake, at 6.8% discount to yesterday’s closing price of HK$7.19. Sunac’s stock was off 6.5% at ...
Posted: January 21, 2013, 11:50 pm
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