Tong Jinquan

$1.40 B

Ranked #2076 in World

About Tong Jinquan

Chinese tycoon Tong Jinquan, famed for pioneering Summit Property Development in 1992, has solidified his standing in the real estate realm, not just within his homeland but internationally, with notable investments exceeding $1 billion in Chengdu's commercial complexes. Born in 1954 in Shaoxing, Zhejiang Province, and kicking off his career in a local factory in 1975, Jinquan's journey from a humble beginning to securing a net worth of $4.7 billion by January 2015, according to Forbes, is a testament to his business acumen. Additionally, his strategic ventures into Singapore's REIT market—owning significant shares in Viva Industrial, Cambridge Industrial, Sabana Shari'ah Compliant Industrial Trust, and Suntec—underscore his keen investment foresight. Residing in Shanghai with his family, Jinquan's legacy continues to expand, anchored by dedication and an insightful approach to property development.

Born

November 01, 1954 in Shaoxing, Zhejiang Province, China

Age

71 years

Source Of Wealth

Real Estate

Industries

Real Estate

Citizenship

China

Residence

Shanghai

Children

Tong Jinquan, a prominent Chinese businessman and chairman of Summit Property Development, was born in 1954 in Shaoxing, Zhejiang Province, China. He was the seventh of nine children born to parents who ran a grocery store. Growing up in a large family, Tong developed a strong work ethic and a keen sense of responsibility from an early age.

Tong Jinquan: Family

Tong Jinquan is married and has two children. He currently resides in Shanghai, China, where he oversees his business ventures and philanthropic activities.

Tong Jinquan: Career Highlights

Tong Jinquan's career journey began in 1975 when he started working at a local table tennis equipment factory. His dedication and hard work led him to become the general manager of another sporting goods company by 1983. Recognizing the potential in the real estate sector, Tong founded Summit Property Development in Shanghai, China, in 1992. Under his leadership, Summit has grown into a renowned real estate developer, making significant investments in various projects.

Tong Jinquan: Companies

Tong Jinquan is the chairman of Summit Property Development, a leading Chinese real estate developer. The company has successfully completed numerous residential and commercial projects across China. Additionally, Summit has made strategic investments in several Singapore REITs, including Viva Industrial, Cambridge Industrial, Sabana Shari'ah Compliant Industrial Trust, and Suntec.

Tong Jinquan: Major Achievements

Tong Jinquan's notable achievements include leading Summit Property Development's investment of over $1 billion in a commercial complex in Chengdu. This project has significantly contributed to the city's economic growth and development. Furthermore, Tong's strategic investments in Singapore REITs have yielded substantial returns, solidifying his reputation as a shrewd businessman.

Tong Jinquan: Awards & Achievements

Tong Jinquan's contributions to the real estate industry have been widely recognized. He has received numerous awards and accolades, including being named one of the "Top 10 Real Estate Entrepreneurs in China" by Forbes China in 2015. His entrepreneurial success and philanthropic efforts have made him a respected figure in the business community.

Tong Jinquan: Personal Life & Legacy

Tong Jinquan is known for his humble demeanor and commitment to philanthropy.

He actively supports various educational and charitable initiatives, demonstrating his dedication to giving back to society. Tong's legacy lies in his ability to transform Summit Property Development into a leading real estate company while maintaining a strong sense of social responsibility.

Tong Jinquan: Trivia

Tong Jinquan's net worth was estimated to be $4.7 billion as of January 2015, according to Forbes. His success story serves as an inspiration to aspiring entrepreneurs, highlighting the importance of hard work, determination, and strategic vision in achieving business success.

Wealth History

Timeline

1954

Tong Jinquan is born in Shaoxing, Zhejiang Province, China.

1975

Tong Jinquan starts work at a local table tennis equipment factory.

1983

Tong Jinquan becomes general manager at another sporting goods company.

1992

Tong Jinquan founds Summit Property Development in Shanghai, China.

2015

Tong Jinquan has a net worth of $4.7 billion (according to Forbes).

Tong Jinquan : FAQs

What is Tong Jinquan's net worth?

As of 2022, Tong Jinquan's net worth was $1.40 billion.

What are Tong Jinquan's main sources of wealth?

Tong Jinquan's main source of income comes from Real Estate.

In which industry does Tong Jinquan primarily operate?

Tong Jinquan is primarily involved in the Real Estate industry.

How old is Tong Jinquan?

Tong Jinquan is 71 years old.

How many children does Tong Jinquan have?

Tong Jinquan has 2 children.

Who is Tong Jinquan and what is he known for?

Tong Jinquan is a prominent Chinese businessman and the chairman of Summit Property Development, a leading Chinese real estate developer. He is known for his substantial investments in real estate, including a $1 billion investment in a commercial complex in Chengdu, and significant stakes in Singapore REITs.

What is the background of Tong Jinquan, and how did he start his career?

Born in 1954 in Shaoxing, Zhejiang Province, China, Tong Jinquan is the seventh of nine children of parents who ran a grocery store. He started his career in 1975 at a local table tennis equipment factory and became the general manager of another sporting goods company by 1983. His entrepreneurial journey began when he founded Summit Property Development in Shanghai, China, in 1992.

What are some key milestones in Tong Jinquan's business career?

Tong Jinquan founded Summit Property Development in 1992, which marked the start of his significant impact on the real estate industry. Some key milestones include investing over $1 billion in a Chengdu commercial complex and acquiring significant stakes in three Singapore REITs: Viva Industrial, Cambridge Industrial, Sabana Shari'ah Compliant Industrial Trust, and Suntec.

How wealthy is Tong Jinquan, and what are his personal life details?

As of January 2015, Tong Jinquan's net worth was estimated at $4.7 billion, according to Forbes. He is married with two children and lives in Shanghai. His wealth stems largely from his successful real estate ventures and investments.

Why is Tong Jinquan a significant figure in the Singapore REIT market?

Tong Jinquan is a significant figure in the Singapore REIT market due to his substantial investments. He holds significant stakes in three noteworthy Singapore REITs: Viva Industrial, Cambridge Industrial, Sabana Shari'ah Compliant Industrial Trust, and Suntec. These investments underscore his influence and interest in the real estate investment trust (REIT) sector in Singapore.