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.


10/30/17
...Anbang’s Wu Xiaohui and the Waldorf Astoria A demolition crew has been hired to begin work on...

08/29/17
...two months after his boss, Anbang’s chairman Wu Xiaohui, was suspended. And Dalian Wanda scrapped plans to pay over $600 million for a site...

08/28/17
...came Anbang’s (Waldorf Astoria, 717 Fifth Avenue) then-chairman Wu Xiaohui. And now, there’s talk of Dalian Wanda Group's (One Beverly Hills) chairman Wang...

08/21/17
...to redevelop Kushner Companies’ 666 Fifth Avenue, suspended chairman Wu Xiaohui in June, following reports that he'd been detained by Chinese authorities. At the time...

07/31/17
...to being something of a pariah: Its chairman Wu Xiaohui went from giving speeches at Harvard and hobnobbing with Henry Kissinger to being detained...

06/22/17
...Feng and Fosun’s Guo Guangchang and Anbang's Wu Xiaohui Anbang Insurance Group, HNA Group and Fosun International are among five international dealmakers that...

06/15/17
...Wu Xiaohui Chinese authorities have told banks to stop various business dealings with Anbang Insurance Group...

06/14/17
...Wu Xiaohui The chairman of Anbang Insurance Group — which pulled out of negotiations to redevelop Kushner...

06/02/17
...Anbang’s Wu Xiaohui and the Waldorf Astoria China's Anbang Insurance catapulted onto the scene with multibillion-dollar foreign...

05/12/17
...Rendering of Zaha Hadid’s design for 666 Fifth, Wu Xiaohui and Jared Kushner (Click to enlarge) But they’re somewhat weighed down by certain...

05/05/17
...Anbang’s Wu Xiaohui and the Waldorf Astoria Anbang Insurance Group — the Chinese insurer that's invested heavily in...

05/01/17
...From left: Steve Mnuchin, Billy Macklowe, Wu Xiaohui and Dolly Lenz Anbang Insurance Group has quickly gone from industry darling to cautionary...

04/27/17
...Wu Xiaohui Anbang Insurance Group dismissed social media reports that its chairman, Wu Xiaohui, had been...

04/26/17
...Wu Xiaohui UPDATED: Thursday, April 27 at 8:32 a.m.: Chinese social media platform WeChat erupted Wednesday with...

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...
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