What is Qi Jinxing's Net Worth?
Qi Jinxing is a Japanese entrepreneur who has a net worth of $975 million. The chairman of Hangzhou Binjiang Real Estate Group, Qi Jinxing made a comeback to the billionaire circles in 2013, following a wide increase in real estate stocks in China and healthy sales of his own new projects. In the first nine months of 2012, he saw an incredible boost in the net worth of his Hangzhou Binjiang Real Estate Group, as it surged by 187% to $59.5 million, on sales that almost doubled reaching $308 million. To develop today's billion-dollar enterprise, Jinxing needed more than 19 years of devoted work.
Initially, he had a job in a government district office and it was in 1996 when he turned down a bigger government position to establish Hangzhou Binjing Real Estate Group. The company, which has never ceased to grow, listed its shares at the Shenzhen Stock Exchange in May 2008. In recent times, the group declared its intention to build up business close to home in Hangzhou by purchasing two parcels of land in the tourist haven worth $267 million. Business aside, Qi Jinxing via his Hangzhou Binjiang Investment Holding backed cancer-treatment firm Ascletis, which formed a partnership with Nasdaq-listed Alnylam Pharmaceuticals last year in an attempt to develop drugs to fight liver cancer.
