Wu Xiaohui | The Real Deal New York

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Wu Xiaohui

Founder & chairman
Anbang Insurance Group
Anbang Tower, No. 6, Jianguomenwai Avenue
Chaoyang District, Beijing 100022
(400) 111-1111
95569
Website

Wu Xiaohui is arguably the most mysterious of China’s property moguls. His net worth is $1.1 billion, according to Wealth-X, which provided data to TRD. According to the Financial Times, he has never granted an interview to the press. But this much seems clear: He has worked his way to the top in part by making influential connections and benefiting from ties to China’s ruling Communist Party.

Born in 1966, Wu grew up in rural Pingyang county in eastern China. Today, relatives and acquaintances of his in the province are major shareholders of Anbang, while Wui holds no shares himself, according to a New York Times investigation in September. The practice is known as “white gloves” and common among wealthy Chinese who seek to keep their riches private.

In his younger years, Wu served as a low-level bureaucrat and worked as a restaurant manager, according to the FT. In 1996, he launched a car dealership company. He founded Anbang in 2004, the same year he divorced his second wife and married the granddaughter of former Chinese leader Deng Xiaoping. Media reports have since speculated that Wu’s marriage into China’s elite helps explain Anbang’s subsequent rise, which really took off with a series of high-profile fundraising successes in 2014.

When in New York, he reportedly holds court at a suite in the Waldorf Astoria, which his company officially bought in January 2015. That same month, he participated in a question-and-answer session at Harvard University, during which he referred toBlackstone’s CEO Steve Schwarzman as a good friend and summed up Anbang’s strategy as “pursuing win-win relationships.” According to Wealth-X, he owns a residence in Beijing, where Anbang is headquartered.


03/22/17
...Rendering of Zaha Hadid’s 666 Fifth,Wu Xiaohui and Jared Kushner(Click to enlarge) Kushner Companies’ 666 Fifth Avenue has been losing money...

03/20/17
...Clockwise from left: 666 Fifth Avenue, Anbang's Wu Xiaohui , 30 Park Place, StreetEasy's Susan Daimler and a view of Central Park “If you choose...

03/16/17
...Fifth Avenue, Wu Xiaohui and Jared Kushner (Credit: Getty Images) The deal that put Jared Kushner on the...

03/14/17
...Anbang’s Wu Xiaohui and the Waldorf Astoria Chinese investment enigma Anbang Insurance filed a "test-the-market" application with...

03/13/17
...left: Jared Kushner, 666 Fifth Avenue and Anbang’s Wu Xiaohui Anbang Insurance Group is buying a stake in Kushner Companies and Vornado Realty Trust...

03/07/17
...Anbang’s Wu Xiaohui and the Waldorf Astoria Days after the Waldorf Astoria closed temporarily for a three-year...

02/23/17
...Anbang’s Wu Xiaohui and the Waldorf-Astoria China’s insurance giants have hit the brakes on their $100 billion...

01/13/17
...From left: Michael Bloomberg, Wu Xiaohui and Henry Kissinger Donald Trump was the elephant in the Waldorf Astoria hotel’s...

01/11/17
...The Waldorf Astoria and Anbang's Wu Xiaohui (inset) As China’s insurance giants grow and snap up properties in New York...

01/09/17
...adviser, has been in talks with Anbang chairman Wu Xiaohui about a possible joint venture on the property. The Chinese insurer, which owns the...

01/08/17
...Jared Kushner, 666 Fifth Avenue and Wu Xiaohui of Anbang UPDATED, 4:02 p.m., Jan. 8: Jared Kushner is poised to step down as...

11/10/16
...The Waldorf Astoria (inset: Wu Xiaohui) Anbag Insurance Group filed plans Thursday to renovate the iconic Waldorf Astoria. The filings...

09/27/16
...Anbang's Wu Xiaohui and Essex House Anbang Insurance Group closed on its acquisition of the Strategic Hotels...

09/16/16
...The Waldorf-Astoria (inset: Wu Xiaohui) Under pressure from preservationists, Anbang Insurance Group has agreed to maintain the distinctive Art...

09/02/16
...The Waldorf Astoria hotel (credit: Tourist Maker) and Wu Xiaohui Who really owns the Waldorf Astoria Hotel? Turns out the answer is surprisingly hard...

06/27/16
...The Waldorf Astoria (inset: Wu Xiaohui) Anbang Insurance Group plans to shut down the Waldorf Astoria hotel for up to...

06/20/16
...The Waldorf-Astoria and Wu Xiaohui (inset) In 2004, after the Elad Group paid $675 million for the Plaza Hotel, it poured...

06/14/16
...The Waldorf Astoria and Anbang's Wu Xiaohui (inset) The new Chinese owner of the legendary Waldorf Astoria is planning to turn...

05/09/16
...The Waldorf-Astoria (inset: Wu Xiaohui) China’s insurance regulator plans to investigate Anbang Insurance Group amid its recent U...

04/04/16
...Anbang's Wu Xiaohui Financing and regulatory questions, along with an odd negotiating approach, ultimately doomed Anbang Insurance...

04/01/16
...Hotel Union Square in Manhattan and Anbang's CEO Wu Xiaohui Wu Xiaohui could have at least taken Thomas Mangas out for dinner: Anbang Insurance...

03/31/16
...Thomas Mangas, the W Hotel and Anbang’s Wu Xiaohui If Anbang Insurance Group wins its bidding war for Starwood Hotels & Resorts, the...

03/29/16
...The Waldorf Astoria hotel and Wu Xiaohui Anbang Insurance Group has burst onto the world stage in the last two years...

03/28/16
...Arne Sorensen, Thomas Mangas and Wu Xiaohui Anbang Insurance Group, undaunted by competition from Marriott International, further upped its bid for...

03/22/16
...Starwood's Thomas Mangas, the W Hotel and Anbang's Wu Xiaohui The drama around the sale of Starwood Hotels & Resorts may yet continue. Anbang...
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