Meituan CEO’s net worth poised to top US$7b as shares surge


FILE PHOTO: Drivers of food delivery service Meituan are seen in Shanghai, China June 25, 2018. REUTERS/Aly Song/File Photo

HONG KONG: The founder of China food-delivery giant Meituan Dianping is having a very good year.

As his business has grown, Chief Executive Officer Wang Xing’s net worth doubled this year through Thursday’s close to $6.7 billion, according to Bloomberg Billionaires Index. That figure is likely to top $7 billion as Meituan’s stock surged Friday, following a strong earnings report.

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