Chinese businessman Wang Jianlin topped the list of the world's richest real estate tycoons with a fortune worth $28.7 billion, according to an annual report published by Forbes of the world's real estate tycoons for 2016, and the report explained that their real estate holdings, especially commercial ones, were the reason why they entered the list of the world's richest people this year.

Forbes“ annual report of the world's richest real estate tycoons for 2016. <The list included 20 of the world's wealthiest real estate tycoons, with the Asia-Pacific region accounting for ten spots: Six from Hong Kong, two from China, and one each from Singapore and Malaysia, while Americans took five spots, and four went to Europeans - two from the United Kingdom, one from Germany, and one from Russia.

First place - Wang Jianlin - $28.7 billion - China

Wang Jianlin began life as a commercial real estate developer, with Dalian Wanda building hotels and shopping malls, and now the billionaire's fortune is diversified between commercial real estate, cinema and football, even announcing in January that Dalian Wanda Group would buy American television and film production company Legendary Entertainment in a deal worth $3.5 billion.

In January last year, Wang Jianlin announced he was buying the American television and film production company Legendary Entertainment in a deal worth $3.5 billion.

<In January last year, Dalian Wanda acquired 20% from Spanish soccer team Atletico Madrid.

Runner-up: Li Shaoqi - $21.5 billion - Hong Kong

<Second on the list is Hong Kong's Lee Shau Kee, who grew up in a low-income household. Shau Kee's business empire currently includes real estate, hotels, energy and investments, through Henderson Land Development.

Third place: Michael Otto - $18.1 billion - Germany

The family business is active in real estate and financial services, as well as retail, and develops and manages shopping malls, develops and builds transportation parks, logistics centers, corporate headquarters, office parks and industrial buildings. His father, Werner Otto, founded the Otto Group in 1949, which itself is the second largest online retailer after Amazon.com.

Michael Otto's father, Werner Otto, founded the Otto Group in 1949, which is itself the second largest online retailer after Amazon.com.

Fourth place: Donald Brin - $15.1 billion - United States

Billionaire Donald is ranked as America's richest real estate developer, with a diversified real estate portfolio in Southern California spanning 110 million square feet.

His Irvine company owns and operates more than 500 office buildings, more than 40 shopping centers, 50,000 apartments, three hotels, as well as several golf clubs and marinas.

Donald's company, Irvine Properties, owns and operates more than 500 office buildings, more than 40 shopping centers, 50,000 apartments, three hotels, as well as several golf clubs and marinas.

Fifth place: Brothers David and Simon Rubin - $14.4 billion - United Kingdom

Fifth place:

Billionaire David specialized in UK metals trading, while Simon imported carpets and bought real estate. Together they joined Transworld, which invested in Russia and Kazakhstan in the 1990s and was said to control 7% of the global aluminum trade. The Rubin brothers sold their metals business and focused on building real estate portfolios.

The Rubin brothers sold their metals business and concentrated on building real estate portfolios.

Rubin Brothers

Sixth place: Joseph Lau - $13.1 billion - Hong Kong

Billionaire Joseph Lau owns 75% of one of Hong Kong's largest real estate companies, Chinese Estates, and his fortune jumped by more than $2 billion between 2015 and 2016, following a surge in his company's share price and good news about his personal real estate portfolio in Hong Kong and London.

Joseph Lau's fortune jumped by more than $2 billion between 2015 and 2016, following a surge in his company's share price and good news about his personal real estate portfolio in Hong Kong and London.

Seventh place: Gerald Cavendish Grosvenor - $13 billion - United Kingdom

The former army general owns 190 acres - ”an acre is 4,200 square meters“ - in Belgravia, adjacent to Buckingham Palace and therefore one of the most expensive neighborhoods in London, and his Grosvenor Group has properties on five continents, managing $15 billion in assets.

Gerald Cavendish's family owns 96 acres of land. <His family owns 96,000 acres in Scotland, 32,000 acres in Spain, and thousands of acres in England.

Eighth place: Brothers Raymond and Thomas Kwok - $13 billion - Hong Kong

Billionaire Thomas, 64, was sentenced to five years in prison after being convicted on corruption charges in 2014, and his brother Raymond, 62, took over as chairman of Sun Hung Kai Properties, which they inherited from their father in 1990, with most of its investments in Hong Kong.

Brothers Raymond and Thomas Kwok - $13 billion - Hong Kong.

Ninth place: Stephen Ross - $12 billion - United States

He is the chairman of Related Companies, which in 2012 started the Hudson Yards project, a new neighborhood on Manhattan's West Side to be completed by 2024, which is expected to change the skyline of Manhattan in particular and New York in general.

Steven Ross - $12 billion - U.S.

Tenth place: Robert Kiwok - $1 billion - Malaysia

The Malaysian billionaire's Kiwok Group controls the upscale hotel chain Shangri-La and real estate company Kerry.