The Dalian Wanda CEO just acquired the Golden Globe Awards' production company for $1 billion

China’s richest man, Wang Jianlin, has his sights on the Hollywood movie industry.

62-year-old Wang is the CEO of the Dalian Wanda group (AKA Wanda), which recently acquired Dick Clark Productions for $1 billion. The company produces the Golden Globe Awards, Billboard Music Awards and the American Music Awards, for $1 billion.

Wang is also the largest real estate developer in China and is worth $33 billion according to Forbes.

In January, Wanda bought independent movie studio Legendary Entertainment – the production company behind blockbusters such as Christopher Nolan’s The Dark Knight trilogy, Jurrasic World and Godzilla –  for $3.5 billion.

The billionaire has a desire to own one of the big six Hollywood studios – Sony, Fox, Universal, Paramount, Disney or Warner Bros.

Talks of Wanda wanting to buy a 49% stake in Paramount were reported in July.

“I might as well start from wherever I can, such as through investment with all six [studios],” Wang said this week. “We will continue to work on a potential acquisition. But it won’t hurt to start by doing what we can. Participating via investment seems like a wise choice for the time being.”

Wanda also bought a 20% stake in Spanish football team Atletico Madrid in 2015. Wang himself has over 1000 pieces of artwork valued at $1 billion in his private collection that includes a $28.2 million Picasso.

Wang also revealed that he his a huge fan of actress Nicole Kidman. “Honestly, my muse is Nicole Kidman. When I was young, I adored her. She’s very beautiful, and she’s also a big name here in China.”

 

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