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How did China's Wang Changtian become richer than Tom Cruise?

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Wang Changtian, as per a recent Forbes report, is the richest filmmaker in Asia. The Chinese film producer and media magnate has a net worth of $3.5 billion.

He is richer than Jackie Chan, Shah Rukh Khan, Tom Cruise, Aditya Chopra and Karan Johar. "Wang built this wealth on the back of his media company, Beijing Enlight Media, China's leading film production company. His $3.5 billion net worth is more than the combined wealth of Aditya Chopra ($900 million), Shah Rukh Khan ($770 million), and Tom Cruise ($800 million)," a Hindustan Times report stated.

Wang comes from a journalism background. He holds a journalism degree from Fudan University in Shanghai. His early success came from producing popular TV programs, which built a foundation of expertise and capital. However, his wealth accelerated significantly when he pivoted the company toward the booming Chinese film industry in the 2000s. He also diversified his company's portfolio, investing in online ticketing, animation, and even plans for a theme park. Partnerships with major players like Alibaba further strengthened his financial position. His ability to adapt to digital trends, like streaming and e-commerce integration, kept Beijing Enlight Media ahead in a fast-evolving market.

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