Wang Sicong, son of China’s former richest man, told to pay back US$21.6 million in debts
- He often flaunted his wealth on Weibo, a Chinese social media network, where he has almost 44 million followers
- In 2015, he bought two Apple Watches for his dog Coco, and posted a photo online of the malamute wearing the devices on her paws
A national database for debt recovery listed Wang Sicong, 31, as an “enforced person” following a court case in the Beijing No 2 Intermediate People’s Court. The database did not identify the creditors.
The Weibo account of People’s Court Daily, a newspaper affiliated with the Supreme People’s Court, clarified that the son was not on a defaulter list and did not face travel or spending restrictions.
“The court has not yet enforced measures such as spending restrictions against Wang Sicong nor added [him] to the list of defaulters. Therefore, Wang Sicong is only an ‘enforced person’ and not a defaulter,” the Weibo post said.
Wang Sicong rose to prominence as his real estate tycoon father topped Forbes and Bloomberg Chinese rich lists between 2015 and 2017.
He often flaunted his wealth on Weibo, a Chinese social media network, where he has almost 44 million followers.
