He is the son of the richest man in China, Wang Jian Lian. Wang Sicong is the only son of the owner of Dalian Wanda Group, China's largest real estate developer. Forbes estimated Wang Sicong's father Wang Jian Lian's net worth to be approximately 31.2 billion USD in 2017.
Wang Jian Lian:
Among other business ventures, one well-known business venture of Wang Sicong's is establishing Chinese music label Banana Culture. Founded in 2015, Banana Culture is home to EXID, as well the label responsible for T-ara's Chinese promotions.
Wang Sicong has been known have a keen interest in K-Pop, often seen attending Big Bang's concerts in China. He also supposedly decided to set up Banana Culture after attending a T-ara concert.
Moreover, the businessman is known for showing off his wealth openly, such as gifting his dog 8 iPhones as birthday gifts, as well as uploading photos of his dog wearing two Apple watches on his paws.