Tong Jinquan Net Worth

Born in 1954, Tong Jinquan is the chairman of Summit Group, a privately-held real estate developer. He has achieved success through his hard work and dedication to the industry, and his company has become a major player in the Chinese real estate market.
Tong Jinquan is a member of Real Estate

Age, Biography and Wiki

Birth Year 1954
Birth Place Shanghai, China, China
Age 69 YEARS OLD
Residence Shanghai, China
Occupation Chairman, Summit Property Development
Children 2

💰 Net worth: $2.7 Billion (2024)

Tong Jinquan, a prominent figure in China's real estate industry, is predicted to have a net worth of $2.7 billion by 2024. With his expertise in the sector, Tong has successfully built a reputation for himself as a prominent real estate tycoon. His strategic investments and meticulous business acumen have led to tremendous success, further solidifying his position as one of the wealthiest individuals in the industry. As the Chinese real estate market continues to grow and thrive, Tong Jinquan's net worth is expected to soar, showcasing his significant contributions to the sector.

2010 $1.3 Billion
2011 $1.3 Billion
2012 $1.6 Billion
2013 $2.5 Billion
2014 $2.7 Billion
2015 $4.7 Billion
2016 $4.4 Billion
2017 $4.4 Billion
2018 $2.36 Billion

Biography/Timeline

1954

Tong Jinquan was born in Shaoxing, Zhejiang Province, China in 1954, the seventh of nine children of parents who ran a grocery store.

1975

Tong Jinquan started work in 1975, at a local table tennis equipment factory. By 1983, he had become general manager at another sporting goods company. In 1992, he founded Summit Property Development in Shanghai.

2015

His company, Summit has invested more than $1 billion in a commercial complex in Chengdu. He has significant stakes in three Singapore REITs: Viva Industrial, Cambridge Industrial, Sabana Shari'ah Compliant Industrial Trust, and Suntec. According to Forbes, Tong Jinquan has a net worth of $4.7 billion, as of January 2015.