Only son of the richest man in China refuses to take over his father's $122bn business empire

The wealthiest man in China needs to find an
heir to his $122bn empire after his son told
him he does not want to live a life like that.
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Wang Jianlin, founder and chairman of Dalian
Wanda Group, said his only son, 28-year-old
Wang Sicong, doesn't want to take over his
shopping centres, hotels, theme parks and
sports clubs.
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'I have asked my son about the succession
plan, and he said he does not want to live a
life like mine. Perhaps young people have
their own quests and priorities,' Wang, 62, told
an entrepreneurs summit over the weekend.
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Wang Sicong is a director at his father's
empire, with a 2% stake. He founded
Prometheus Capital in 2011 and has made
investments in Invictus Gaming, Dining
Concepts Holdings.
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In May last year, he bought two Apple
Watches for his dog, called Wang Keke, who
wears them both on his front legs. In a
country with a fast widening wealth gap, the
pictures quickly caused outcry. .
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Apple Watch sells between £820 and £1,300 in
China, which is more than the monthly salary
of an average office worker in big cities. He
went to school in Britain and studied
philosophy at the University College London.