Chen Tianqiao: Difference between revisions

Chen Tianqiao
Chen Tianqiao
陈天桥
	Chen in 2015
Born	1973 (age 51–52); Xinchang County, Zhejiang, China
Alma mater	Fudan University
Occupation(s)	Co-founder of Shanda Group and Tianqiao and Chrissy Chen Institute
Organization(s)	Member of the 11th and 12th National Committees of the Chinese People's Political Consultative Conference
Political party	Chinese Communist Party
Spouse	Chrissy Luo

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Chen Tianqiao (Chinese: 陈天桥; pinyin: Chén Tiānqiáo); born 1973) is a Chinese businessman who founded Shanda.

Early life and education

Chen was born in Xinchang County, Zhejiang Province, China in 1973 and grew up near Shanghai with his younger brother Danian.^[1]^[2] His father was an engineer and his mother was a middle school English teacher. He earned his bachelor's degree in economics from Fudan University in 1993.^[3]^[4]

Career

Chen started at the state-owned property developer Shanghai Lujiazui Group in 1994, holding management positions in the public relations office before becoming secretary to the chairman. In 1998, he became the vice director of the office of the president at Kinghing Trust & Investment before resigning in 1999.^[3]^[4]

In 1999, Chen started the online gaming company Shanda with members of his family.^[5]^[3] The company went on to become the largest Internet company by market capitalization in China in 2004.^[6] That same year, Chen was second on the Hurun Report's "rich list",^[7] was voted China Central Television's "Rising Business Star",^[2] and was featured in MIT Technology Review's Innovators Under 35 list.^[8]

Shanda Group went private in early 2012, with Chen, his wife, and his brother keeping a combined 57% stake.^[3] In 2015, Chen, as the beneficial owner of Shanda Asset Management, acquired over 80,127 hectares of land in Oregon from Fidelity National Financial for US$85 million, making him one of the largest foreign owners of land in the United States.^[9]^[10]

Tianqiao Chen and his family sold all their stakes in Shanda Games in November 2014,^{[citation needed]} after which Shanda Group refocused on investing.^[2]

With Chen remaining chairman and CEO, by early 2017 Shanda Group was the majority shareholder of Legg Mason, Lending Club, and Community Health Systems.^[11]^[12]^[13]^[14] It also had property operations in China and North America and stakes in companies such as Sotheby's.^[12] Shanda sold its stakes in Sotheby's in 2017 and then it sold its stake Legg Mason later that year, and then Chen resigned as vice-chairman of the Legg Mason board.^[5]^[15] Chen has invested in the venture funds Propel(x) and Ubiquity Ventures.^[16]

Ranked on various rich lists,^[4]^[17] Chen personally had $4 billion in net value in 2017 and was ranked as the 93rd richest person in China, according to the Hurun Report.^[18]^[19]

In 2018, Chen purchased 500,000 acres in Ontario.^[20] The same year, the Committee of 100 gave Chen an award for Lifetime Achievement as Tech Entrepreneur.^[21]

Politics

According to China Youth Daily, Chen joined the Chinese Communist Party at age 18 and was elected to the central committee of Communist Youth League of China in Shanghai.^[22] In 2008, Chen was appointed to the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC).^[23]^[24] In 2013, Chen was appointed to the 12th National Committee of the CPPCC.^[25]^[26]

Boards

Chen is chairman of the Shanda Group,^[11] and is also on the boards of various portfolio companies.^[15]^[27]

Personal life

Chen is married to Qianqian "Chrissy" Luo.^[3] They moved from Shanghai to Singapore in 2009,^[1]^[4] then from Singapore to the Bay Area of California in late 2017.^[1]^[4]^[28] They are currently residents of Menlo Park, California.^[29] In 2018, Chen bought a historic mansion built for Alice Gwynne Vanderbilt in 1881 on East 69th Street in the Upper East Side of Manhattan for $39 million.^[30]^[31]

References

^ ^a ^b ^c "Missing China mogul reappears in Singapore with US$1 billion for brain research". Today. Archived from the original on 14 January 2024. Retrieved 16 August 2017.
^ ^a ^b ^c "Chen Tianqiao: the billionaire funding brain research". Moneyweek. 8 September 2017. Archived from the original on 14 January 2024. Retrieved 27 May 2019. (published 09-09-20)
^ ^a ^b ^c ^d ^e "House of Flying Fingers". Forbes. Archived from the original on 2024-01-14. Retrieved 2019-05-27. (published 05-23-20)
^ ^a ^b ^c ^d ^e "The World's Billionaires: #828 Chen Tianqiao". Forbes. 3 October 2010. Archived from the original on 14 January 2024. Retrieved 24 June 2010.
^ ^a ^b "Chinese billionaire with ambitions to reshape investment models". Financial Times. Archived from the original on 2024-01-14. Retrieved 2017-02-08.(subscription required) (published 12-26-2016)
^ "Chinese donors fund studies into acceptance of death". The Financial Times. Archived from the original on 2024-01-14. Retrieved 2019-05-27. (published 12-06-20)
^ "If I was a lowly official they would be proud". The Guardian. 8 November 2004. Archived from the original on 14 January 2024. Retrieved 27 May 2019. (published 11-08-20)
^ "The Complete TR100". MIT Technology Review. Archived from the original on 2024-01-14. Retrieved 2019-05-27. (published 10-01-20)
^ Pendleton, Devon (January 8, 2024). "Chinese Billionaire Is Second-Biggest Foreign Owner of US Land". Bloomberg News. Archived from the original on 2024-01-14. Retrieved 12 January 2024.
^ O'Keefe, Eric (2024-01-08). "Tianqiao Chen Joins Land Report 100 with 198,000 Acres". The Land Report. Archived from the original on 2024-01-12. Retrieved 2024-01-13.
^ ^a ^b "Chinese Donors Step Up Giving to American Universities". The Chronicle of Higher Education. Archived from the original on 2019-05-27. Retrieved 2019-05-27. (published 12-21-20)
^ ^a ^b Rashiwala, Kalpana (Jan 20, 2017). "Shanda gaming co-founder buys GCB for $23 million". The Business Times. Archived from the original on January 14, 2024. Retrieved July 20, 2017.
^ "Billionaire's gamble on distressed US firm reflects growing confidence of Chinese investors". South China Morning Press. 25 January 2018. Archived from the original on 14 January 2024. Retrieved 27 May 2019. (published 01-25-2018)
^ "Barkholz, D. Chen's 22% CHS stake carries clout – with or without a board seat. Modern Healthcare". Modern Healthcare. 17 August 2017. (published 08-17-2017)
^ ^a ^b "Billionaire's gamble on distressed US firm reflects growing confidence of Chinese investors". SCMP. 25 January 2018. Archived from the original on 14 January 2024. Retrieved 27 May 2019. (published 01-25-20)
^ Barron's Archived 2024-01-14 at the Wayback Machine
^ "China's Richest: #10 Chen Tianqiao". Forbes. Archived from the original on 14 January 2024. Retrieved 24 June 2011. (2005)
^ "Hurun Report Releases China Rich List 2017 in Association with 36G". Hurun Report. Archived from the original on 2018-12-14. Retrieved 2018-12-14. (published 10-12-2018)
^ "Hurun Report Global Rich List 2014". Hurun Report. Archived from the original on 2014-08-31. Retrieved 2014-08-21. (published 2014)
^ Baumhardt, Alex (January 21, 2024). "Chinese billionaire owns hundreds of thousands of acres of Oregon timberland, report reveals". Oregon Public Broadcasting. Archived from the original on 2024-01-22. Retrieved 2024-01-22.
^ "Committee of 100 honors leaders who advanced U.S.-China relations". Asian American Press. Archived from the original on 2019-05-27. Retrieved 2019-05-27. (published 06-03-20)
^ "从团干部到企业家有多远" [How far is it from a league cadre to an entrepreneur?]. China Youth Daily (in Chinese). 13 November 2007. Archived from the original on 14 November 2007. Retrieved 2024-01-13.
^ "十一届全国政协委员职务和界别情况（7）" [Positions and sectors of members of the 11th CPPCC National Committee]. Government of China (in Chinese). February 27, 2008. Archived from the original on 3 March 2008. Retrieved 2024-01-12.
^ "第十一届全国政协委员名单" [List of members of the 11th National Committee of the Chinese People's Political Consultative Conference] (in Chinese). Xinhua News Agency. 3 March 2009. Archived from the original on 28 September 2013.
^ "中国人民政治协商会议第十二届全国委员会委员名单" [List of members of the 12th National Committee of the Chinese People's Political Consultative Conference]. People's Daily (in Chinese). June 26, 2014. Archived from the original on 2017-09-23. Retrieved 2024-01-12.
^ "中国人民政治协商会议第十二届全国委员会委员名单" [List of members of the 12th National Committee of the Chinese People's Political Consultative Conference]. Chinese People's Political Consultative Conference (in Chinese). February 26, 2014. Archived from the original on 2018-01-06. Retrieved 2024-01-12.
^ "BRIEF-Legg Mason appoints Tianqiao Chen and Robert Chiu to its board". Reuters. Archived from the original on 2017-08-18. Retrieved 2017-02-08. (published 01-31-2017)
^ "With A New Gift, Chinese Games Billionaire Takes Step To Treat Brain Diseases". Forbes. Archived from the original on 2020-09-25. Retrieved 2018-12-14. (published 11-02-2017)
^ "A Chinese Billionaire Is Using His Fortune to Unlock the Human Brain". Bloomberg. 21 August 2018. Archived from the original on 2024-01-14. Retrieved 2019-05-27. (published 12-21-2018)
^ Marino, Vivian (29 March 2018). "A Surge of High-Priced Closings, Including a Sale by Harvey Weinstein". The New York Times. Archived from the original on 9 November 2020. Retrieved 27 May 2019. (published 03-29-20)
^ "Online Gaming Billionaire Buys New York City 'Vanderbilt Mansion' For $39 Million". Archived from the original on 2024-01-14. Retrieved 2020-10-26. (published 03-15-18)

[Today-1] "Missing China mogul reappears in Singapore with US$1 billion for brain research". Today. Archived from the original on 14 January 2024. Retrieved 16 August 2017.

[CTMoneyweek-2] "Chen Tianqiao: the billionaire funding brain research". Moneyweek. 8 September 2017. Archived from the original on 14 January 2024. Retrieved 27 May 2019. (published 09-09-20)

[CT_Flying_Fingers-3] "House of Flying Fingers". Forbes. Archived from the original on 2024-01-14. Retrieved 2019-05-27. (published 05-23-20)

[CT_Forbes_Billionaires-4] "The World's Billionaires: #828 Chen Tianqiao". Forbes. 3 October 2010. Archived from the original on 14 January 2024. Retrieved 24 June 2010.

[reference-5] "Chinese billionaire with ambitions to reshape investment models". Financial Times. Archived from the original on 2024-01-14. Retrieved 2017-02-08.(subscription required) (published 12-26-2016)

[CT_Acceptance_of_Death-6] "Chinese donors fund studies into acceptance of death". The Financial Times. Archived from the original on 2024-01-14. Retrieved 2019-05-27. (published 12-06-20)

[CT_Lowly-7] "If I was a lowly official they would be proud". The Guardian. 8 November 2004. Archived from the original on 14 January 2024. Retrieved 27 May 2019. (published 11-08-20)

[CT_TR100-8] "The Complete TR100". MIT Technology Review. Archived from the original on 2024-01-14. Retrieved 2019-05-27. (published 10-01-20)

[9] Pendleton, Devon (January 8, 2024). "Chinese Billionaire Is Second-Biggest Foreign Owner of US Land". Bloomberg News. Archived from the original on 2024-01-14. Retrieved 12 January 2024.

[10] O'Keefe, Eric (2024-01-08). "Tianqiao Chen Joins Land Report 100 with 198,000 Acres". The Land Report. Archived from the original on 2024-01-12. Retrieved 2024-01-13.

[CT_Giving_To-11] "Chinese Donors Step Up Giving to American Universities". The Chronicle of Higher Education. Archived from the original on 2019-05-27. Retrieved 2019-05-27. (published 12-21-20)

[CT_Business_Times-12] Rashiwala, Kalpana (Jan 20, 2017). "Shanda gaming co-founder buys GCB for $23 million". The Business Times. Archived from the original on January 14, 2024. Retrieved July 20, 2017.

[CT_SCMP_Klein-13] "Billionaire's gamble on distressed US firm reflects growing confidence of Chinese investors". South China Morning Press. 25 January 2018. Archived from the original on 14 January 2024. Retrieved 27 May 2019. (published 01-25-2018)

[CT_Modern_Barkholz-14] "Barkholz, D. Chen's 22% CHS stake carries clout – with or without a board seat. Modern Healthcare". Modern Healthcare. 17 August 2017. (published 08-17-2017)

[CT_Distressed-15] "Billionaire's gamble on distressed US firm reflects growing confidence of Chinese investors". SCMP. 25 January 2018. Archived from the original on 14 January 2024. Retrieved 27 May 2019. (published 01-25-20)

[twentyeight-16] Barron's Archived 2024-01-14 at the Wayback Machine

[CT_Richest-17] "China's Richest: #10 Chen Tianqiao". Forbes. Archived from the original on 14 January 2024. Retrieved 24 June 2011. (2005)

[CT_Hurun_Now-18] "Hurun Report Releases China Rich List 2017 in Association with 36G". Hurun Report. Archived from the original on 2018-12-14. Retrieved 2018-12-14. (published 10-12-2018)

[hurun-19] "Hurun Report Global Rich List 2014". Hurun Report. Archived from the original on 2014-08-31. Retrieved 2014-08-21. (published 2014)

[20] Baumhardt, Alex (January 21, 2024). "Chinese billionaire owns hundreds of thousands of acres of Oregon timberland, report reveals". Oregon Public Broadcasting. Archived from the original on 2024-01-22. Retrieved 2024-01-22.

[CT_Committee-21] "Committee of 100 honors leaders who advanced U.S.-China relations". Asian American Press. Archived from the original on 2019-05-27. Retrieved 2019-05-27. (published 06-03-20)

[22] "从团干部到企业家有多远" [How far is it from a league cadre to an entrepreneur?]. China Youth Daily (in Chinese). 13 November 2007. Archived from the original on 14 November 2007. Retrieved 2024-01-13.

[23] "十一届全国政协委员职务和界别情况（7）" [Positions and sectors of members of the 11th CPPCC National Committee]. Government of China (in Chinese). February 27, 2008. Archived from the original on 3 March 2008. Retrieved 2024-01-12.

[24] "第十一届全国政协委员名单" [List of members of the 11th National Committee of the Chinese People's Political Consultative Conference] (in Chinese). Xinhua News Agency. 3 March 2009. Archived from the original on 28 September 2013.

[25] "中国人民政治协商会议第十二届全国委员会委员名单" [List of members of the 12th National Committee of the Chinese People's Political Consultative Conference]. People's Daily (in Chinese). June 26, 2014. Archived from the original on 2017-09-23. Retrieved 2024-01-12.

[26] "中国人民政治协商会议第十二届全国委员会委员名单" [List of members of the 12th National Committee of the Chinese People's Political Consultative Conference]. Chinese People's Political Consultative Conference (in Chinese). February 26, 2014. Archived from the original on 2018-01-06. Retrieved 2024-01-12.

[CT_Chiu-27] "BRIEF-Legg Mason appoints Tianqiao Chen and Robert Chiu to its board". Reuters. Archived from the original on 2017-08-18. Retrieved 2017-02-08. (published 01-31-2017)

[forbes-28] "With A New Gift, Chinese Games Billionaire Takes Step To Treat Brain Diseases". Forbes. Archived from the original on 2020-09-25. Retrieved 2018-12-14. (published 11-02-2017)

[CT_Unlocking-29] "A Chinese Billionaire Is Using His Fortune to Unlock the Human Brain". Bloomberg. 21 August 2018. Archived from the original on 2024-01-14. Retrieved 2019-05-27. (published 12-21-2018)

[CT_Closing-30] Marino, Vivian (29 March 2018). "A Surge of High-Priced Closings, Including a Sale by Harvey Weinstein". The New York Times. Archived from the original on 9 November 2020. Retrieved 27 May 2019. (published 03-29-20)

[Strum_B-31] "Online Gaming Billionaire Buys New York City 'Vanderbilt Mansion' For $39 Million". Archived from the original on 2024-01-14. Retrieved 2020-10-26. (published 03-15-18)

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+'''Chen Tianqiao''' ({{zh|c=陈天桥|p=Chén Tiānqiáo}}); born 1973) is a Chinese businessman who founded [[Shanda]].
-'''Chen Tianqiao''' ({{zh|c=陈天桥|p=Chén Tiānqiáo}}); born 1973) is a Chinese businessman who co-founded the [[Tianqiao and Chrissy Chen Institute]] in 2016.<ref name="Today">{{cite news|title=Missing China mogul reappears in Singapore with US$1 billion for brain research|url=http://www.todayonline.com/business/missing-china-mogul-reappears-singapore-us1-billion-brain-research|accessdate=16 August 2017|agency=Today|archive-date=14 January 2024|archive-url=https://web.archive.org/web/20240114122948/https://www.todayonline.com/business/missing-china-mogul-reappears-singapore-us1-billion-brain-research|url-status=live}}</ref><ref name="CT Business Times">{{cite news |url=http://www.asiaone.com/business/shanda-gaming-co-founder-buys-gcb-23-million |first=Kalpana |last=Rashiwala |periodical=The Business Times |date=Jan 20, 2017 |title=Shanda gaming co-founder buys GCB for $23 million |access-date=July 20, 2017 |archive-date=January 14, 2024 |archive-url=https://web.archive.org/web/20240114123057/https://www.asiaone.com/business/shanda-gaming-co-founder-buys-gcb-23-million |url-status=live }}</ref><ref name="reference">{{cite news |title=Chinese billionaire with ambitions to reshape investment models |url=https://www.ft.com/content/750d8a0e-c0e6-11e6-9bca-2b93a6856354 |url-status=live |archive-url=https://web.archive.org/web/20240114114907/https://www.ft.com/content/750d8a0e-c0e6-11e6-9bca-2b93a6856354 |archive-date=2024-01-14 |access-date=2017-02-08 |newspaper=[[Financial Times]]}}{{subscription required}} (published 12-26-2016)</ref><ref name="CT Distressed">{{cite web |url=https://www.scmp.com/news/china/money-wealth/article/2130455/chinese-investor-who-gaining-decision-making-power-us |title=Billionaire's gamble on distressed US firm reflects growing confidence of Chinese investors |website=[[SCMP]] |date=25 January 2018 |access-date=27 May 2019 |archive-date=14 January 2024 |archive-url=https://web.archive.org/web/20240114114910/https://www.scmp.com/news/china/money-wealth/article/2130455/chinese-investor-who-gaining-decision-making-power-us |url-status=live }} (published 01-25-20)</ref><ref name="CT Giving To">{{cite news |url=https://www.chronicle.com/article/Chinese-Donors-Step-Up-Giving/238736 |title=Chinese Donors Step Up Giving to American Universities |newspaper=[[The Chronicle of Higher Education]] |access-date=2019-05-27 |archive-date=2019-05-27 |archive-url=https://web.archive.org/web/20190527010000/https://www.chronicle.com/article/Chinese-Donors-Step-Up-Giving/238736 |url-status=live }} (published 12-21-20)</ref><ref name="CT Flying Fingers">{{cite web |url=https://www.forbes.com/global/2005/0523/020.html#14c75e5410f4 |title=House of Flying Fingers |website=[[Forbes]] |access-date=2019-05-27 |archive-date=2024-01-14 |archive-url=https://web.archive.org/web/20240114115018/https://www.forbes.com/global/2005/0523/020.html#14c75e5410f4 |url-status=live }} (published 05-23-20)</ref> His net worth is an estimated {{Currency|4 billion|USD}}.<ref name="CT Hurun Now"/>
 == Early life and education ==
-Chen was born in [[Xinchang County]], Zhejiang Province, China in 1973 and grew up near Shanghai with his younger brother [[Chen Danian|Danian]].<ref name="Today" /><ref name="CTMoneyweek "/> His father was an engineer and his mother was a middle school [[English language|English]] teacher. He earned his [[bachelor's degree]] in [[economics]] from [[Fudan University]] in 1993.<ref name="CT Flying Fingers" /><ref name="CT Forbes Billionaires"/>
+Chen was born in [[Xinchang County]], Zhejiang Province, China in 1973 and grew up near Shanghai with his younger brother [[Chen Danian|Danian]].<ref name="Today">{{cite news |title=Missing China mogul reappears in Singapore with US$1 billion for brain research |url=http://www.todayonline.com/business/missing-china-mogul-reappears-singapore-us1-billion-brain-research |url-status=live |archive-url=https://web.archive.org/web/20240114122948/https://www.todayonline.com/business/missing-china-mogul-reappears-singapore-us1-billion-brain-research |archive-date=14 January 2024 |accessdate=16 August 2017 |agency=Today}}</ref><ref name="CTMoneyweek "/> His father was an engineer and his mother was a middle school English teacher. He earned his bachelor's degree in economics from [[Fudan University]] in 1993.<ref name="CT Flying Fingers">{{cite web |title=House of Flying Fingers |url=https://www.forbes.com/global/2005/0523/020.html#14c75e5410f4 |url-status=live |archive-url=https://web.archive.org/web/20240114115018/https://www.forbes.com/global/2005/0523/020.html#14c75e5410f4 |archive-date=2024-01-14 |access-date=2019-05-27 |website=[[Forbes]]}} (published 05-23-20)</ref><ref name="CT Forbes Billionaires"/>
 == Career ==
 Chen started at the [[State-owned enterprises of China|state-owned]] [[property developer]] Shanghai Lujiazui Group in 1994, holding management positions in the [[public relations]] office before becoming secretary to the chairman. In 1998, he became the vice director of the office of the president at Kinghing Trust & Investment before resigning in 1999.<ref name="CT Flying Fingers" /><ref name="CT Forbes Billionaires" />
-In 1999, Chen started the [[Online game|online gaming]] company [[Shanda]] with members of his family.<ref name="reference" /><ref name="CT Flying Fingers" /> The company went on to become the largest [[Dot-com company|Internet company]] by [[market capitalization]] in China in 2004.<ref name="CT Acceptance of Death">{{cite news |url=https://www.ft.com/content/8c6eb4ba-bb65-11e6-8b45-b8b81dd5d080 |title=Chinese donors fund studies into acceptance of death |newspaper=[[The Financial Times]] |access-date=2019-05-27 |archive-date=2024-01-14 |archive-url=https://web.archive.org/web/20240114114908/https://www.ft.com/content/8c6eb4ba-bb65-11e6-8b45-b8b81dd5d080 |url-status=live }} (published 12-06-20)</ref> That same year, Chen was second on the [[Rupert Hoogewerf#Hurun Report|''Hurun Report'']]'s "rich list",<ref name="CT Lowly">{{cite web |url=https://www.theguardian.com/world/2004/nov/08/china.emmabrockes |title=If I was a lowly official they would be proud |website=[[The Guardian]] |date=8 November 2004 |access-date=27 May 2019 |archive-date=14 January 2024 |archive-url=https://web.archive.org/web/20240114114946/https://www.theguardian.com/world/2004/nov/08/china.emmabrockes |url-status=live }} (published 11-08-20)</ref> was voted [[China Central Television]]'s "Rising Business Star",<ref name="CTMoneyweek">{{cite web |url=https://moneyweek.com/472473/chen-tianqiao-the-billionaire-funding-brain-research/ |title=Chen Tianqiao: the billionaire funding brain research |website=[[Moneyweek]] |date=8 September 2017 |access-date=27 May 2019 |archive-date=14 January 2024 |archive-url=https://web.archive.org/web/20240114114947/https://moneyweek.com/472473/chen-tianqiao-the-billionaire-funding-brain-research |url-status=live }} (published 09-09-20)</ref> and was featured in ''[[MIT Technology Review]]'''s [[Innovators Under 35]] list.<ref name="CT TR100">{{cite magazine |url=https://www.technologyreview.com/s/403123/the-complete-tr100/ |title=The Complete TR100 |magazine=[[MIT Technology Review]] |access-date=2019-05-27 |archive-date=2024-01-14 |archive-url=https://web.archive.org/web/20240114114909/https://www.technologyreview.com/2004/10/01/232325/the-complete-tr100/ |url-status=live }} (published 10-01-20)</ref>
+In 1999, Chen started the [[Online game|online gaming]] company [[Shanda]] with members of his family.<ref name="reference">{{cite news |title=Chinese billionaire with ambitions to reshape investment models |url=https://www.ft.com/content/750d8a0e-c0e6-11e6-9bca-2b93a6856354 |url-status=live |archive-url=https://web.archive.org/web/20240114114907/https://www.ft.com/content/750d8a0e-c0e6-11e6-9bca-2b93a6856354 |archive-date=2024-01-14 |access-date=2017-02-08 |newspaper=[[Financial Times]]}}{{subscription required}} (published 12-26-2016)</ref><ref name="CT Flying Fingers" /> The company went on to become the largest [[Dot-com company|Internet company]] by [[market capitalization]] in China in 2004.<ref name="CT Acceptance of Death">{{cite news |url=https://www.ft.com/content/8c6eb4ba-bb65-11e6-8b45-b8b81dd5d080 |title=Chinese donors fund studies into acceptance of death |newspaper=[[The Financial Times]] |access-date=2019-05-27 |archive-date=2024-01-14 |archive-url=https://web.archive.org/web/20240114114908/https://www.ft.com/content/8c6eb4ba-bb65-11e6-8b45-b8b81dd5d080 |url-status=live }} (published 12-06-20)</ref> That same year, Chen was second on the [[Rupert Hoogewerf#Hurun Report|''Hurun Report'']]'s "rich list",<ref name="CT Lowly">{{cite web |url=https://www.theguardian.com/world/2004/nov/08/china.emmabrockes |title=If I was a lowly official they would be proud |website=[[The Guardian]] |date=8 November 2004 |access-date=27 May 2019 |archive-date=14 January 2024 |archive-url=https://web.archive.org/web/20240114114946/https://www.theguardian.com/world/2004/nov/08/china.emmabrockes |url-status=live }} (published 11-08-20)</ref> was voted [[China Central Television]]'s "Rising Business Star",<ref name="CTMoneyweek">{{cite web |url=https://moneyweek.com/472473/chen-tianqiao-the-billionaire-funding-brain-research/ |title=Chen Tianqiao: the billionaire funding brain research |website=[[Moneyweek]] |date=8 September 2017 |access-date=27 May 2019 |archive-date=14 January 2024 |archive-url=https://web.archive.org/web/20240114114947/https://moneyweek.com/472473/chen-tianqiao-the-billionaire-funding-brain-research |url-status=live }} (published 09-09-20)</ref> and was featured in ''[[MIT Technology Review]]'''s [[Innovators Under 35]] list.<ref name="CT TR100">{{cite magazine |url=https://www.technologyreview.com/s/403123/the-complete-tr100/ |title=The Complete TR100 |magazine=[[MIT Technology Review]] |access-date=2019-05-27 |archive-date=2024-01-14 |archive-url=https://web.archive.org/web/20240114114909/https://www.technologyreview.com/2004/10/01/232325/the-complete-tr100/ |url-status=live }} (published 10-01-20)</ref>
 Shanda Group went private in early 2012, with Chen, his wife, and his brother keeping a combined 57% stake.<ref name="CT Flying Fingers"/> In 2015, Chen, as the [[Beneficial ownership|beneficial owner]] of Shanda Asset Management, acquired over 80,127 hectares of land in Oregon from [[Fidelity National Financial]] for US$85 million, making him one of the largest foreign owners of land in the United States.<ref>{{Cite news |last=Pendleton |first=Devon |date=January 8, 2024 |title=Chinese Billionaire Is Second-Biggest Foreign Owner of US Land |url=https://www.bloomberg.com/news/articles/2024-01-08/chinese-billionaire-named-as-one-of-america-s-biggest-landowners |access-date=12 January 2024 |work=[[Bloomberg News]] |archive-date=2024-01-14 |archive-url=https://web.archive.org/web/20240114122951/https://www.bloomberg.com/news/articles/2024-01-08/chinese-billionaire-named-as-one-of-america-s-biggest-landowners |url-status=live }}</ref><ref>{{Cite web |last=O'Keefe |first=Eric |date=2024-01-08 |title=Tianqiao Chen Joins Land Report 100 with 198,000 Acres |url=https://landreport.com/chinese-billionaire-tianqiao-chen-joins-land-report-100 |access-date=2024-01-13 |website=[[The Land Report]] |language=en-US |archive-date=2024-01-12 |archive-url=https://web.archive.org/web/20240112235106/https://landreport.com/chinese-billionaire-tianqiao-chen-joins-land-report-100 |url-status=live }}</ref>
@@ Line 28: / Line 28: @@
 Tianqiao Chen and his family sold all their stakes in Shanda Games in November 2014,{{Citation needed|date=October 2020}} after which Shanda Group refocused on investing.<ref name="CTMoneyweek "/>
-With Chen remaining chairman and CEO, by early 2017 Shanda Group was the [[majority shareholder]] of [[Legg Mason]], [[Lending Club]], and [[Community Health Systems]].<ref name="CT Giving To" /><ref name="CT Business Times" /><ref name="CT SCMP Klein">{{cite web |url=https://www.scmp.com/news/china/money-wealth/article/2130455/chinese-investor-who-gaining-decision-making-power-us |title=Billionaire's gamble on distressed US firm reflects growing confidence of Chinese investors |website=South China Morning Press |date=25 January 2018 |access-date=27 May 2019 |archive-date=14 January 2024 |archive-url=https://web.archive.org/web/20240114114910/https://www.scmp.com/news/china/money-wealth/article/2130455/chinese-investor-who-gaining-decision-making-power-us |url-status=live }} (published 01-25-2018)</ref><ref name="CT Modern Barkholz">{{cite web|url=http://www.modernhealthcare.com/article/20170817/NEWS/170819903 |title=Barkholz, D. Chen's 22% CHS stake carries clout – with or without a board seat. Modern Healthcare |website= Modern Healthcare |date=17 August 2017 }} (published 08-17-2017)</ref> It also had property operations in China and [[North America]] and stakes in companies such as [[Sotheby's]].<ref name="CT Business Times" /> Shanda sold its stakes in Sotheby's in 2017 and then it sold its stake Legg Mason later that year, and then Chen resigned as vice-chairman of the Legg Mason board.<ref name="reference" /><ref name="CT Distressed"/> Chen has invested in the venture funds Propel(x) and Ubiquity Ventures.<ref name="twentyeight">[https://www.barrons.com/articles/unlocking-the-mysteries-of-the-brain-01564765962 ''Barron's''] {{Webarchive|url=https://web.archive.org/web/20240114124019/https://www.barrons.com/articles/unlocking-the-mysteries-of-the-brain-01564765962 |date=2024-01-14 }}</ref>
+With Chen remaining chairman and CEO, by early 2017 Shanda Group was the [[majority shareholder]] of [[Legg Mason]], [[Lending Club]], and [[Community Health Systems]].<ref name="CT Giving To">{{cite news |title=Chinese Donors Step Up Giving to American Universities |url=https://www.chronicle.com/article/Chinese-Donors-Step-Up-Giving/238736 |url-status=live |archive-url=https://web.archive.org/web/20190527010000/https://www.chronicle.com/article/Chinese-Donors-Step-Up-Giving/238736 |archive-date=2019-05-27 |access-date=2019-05-27 |newspaper=[[The Chronicle of Higher Education]]}} (published 12-21-20)</ref><ref name="CT Business Times">{{cite news |last=Rashiwala |first=Kalpana |date=Jan 20, 2017 |title=Shanda gaming co-founder buys GCB for $23 million |url=http://www.asiaone.com/business/shanda-gaming-co-founder-buys-gcb-23-million |url-status=live |archive-url=https://web.archive.org/web/20240114123057/https://www.asiaone.com/business/shanda-gaming-co-founder-buys-gcb-23-million |archive-date=January 14, 2024 |access-date=July 20, 2017 |periodical=The Business Times}}</ref><ref name="CT SCMP Klein">{{cite web |url=https://www.scmp.com/news/china/money-wealth/article/2130455/chinese-investor-who-gaining-decision-making-power-us |title=Billionaire's gamble on distressed US firm reflects growing confidence of Chinese investors |website=South China Morning Press |date=25 January 2018 |access-date=27 May 2019 |archive-date=14 January 2024 |archive-url=https://web.archive.org/web/20240114114910/https://www.scmp.com/news/china/money-wealth/article/2130455/chinese-investor-who-gaining-decision-making-power-us |url-status=live }} (published 01-25-2018)</ref><ref name="CT Modern Barkholz">{{cite web|url=http://www.modernhealthcare.com/article/20170817/NEWS/170819903 |title=Barkholz, D. Chen's 22% CHS stake carries clout – with or without a board seat. Modern Healthcare |website= Modern Healthcare |date=17 August 2017 }} (published 08-17-2017)</ref> It also had property operations in China and North America and stakes in companies such as [[Sotheby's]].<ref name="CT Business Times" /> Shanda sold its stakes in Sotheby's in 2017 and then it sold its stake Legg Mason later that year, and then Chen resigned as vice-chairman of the Legg Mason board.<ref name="reference" /><ref name="CT Distressed">{{cite web |date=25 January 2018 |title=Billionaire's gamble on distressed US firm reflects growing confidence of Chinese investors |url=https://www.scmp.com/news/china/money-wealth/article/2130455/chinese-investor-who-gaining-decision-making-power-us |url-status=live |archive-url=https://web.archive.org/web/20240114114910/https://www.scmp.com/news/china/money-wealth/article/2130455/chinese-investor-who-gaining-decision-making-power-us |archive-date=14 January 2024 |access-date=27 May 2019 |website=[[SCMP]]}} (published 01-25-20)</ref> Chen has invested in the venture funds Propel(x) and Ubiquity Ventures.<ref name="twentyeight">[https://www.barrons.com/articles/unlocking-the-mysteries-of-the-brain-01564765962 ''Barron's''] {{Webarchive|url=https://web.archive.org/web/20240114124019/https://www.barrons.com/articles/unlocking-the-mysteries-of-the-brain-01564765962 |date=2024-01-14 }}</ref>
 Ranked on various rich lists,<ref name="CT Forbes Billionaires">{{cite magazine | url=https://www.forbes.com/lists/2010/10/billionaires-2010_Chen-Tianqiao_RN2Q.html | magazine=[[Forbes]] | title=The World's Billionaires: #828 Chen Tianqiao | date=3 October 2010 | accessdate=24 June 2010 | archive-date=14 January 2024 | archive-url=https://web.archive.org/web/20240114115558/https://www.forbes.com/lists/list-directory/#46c422b2b274 | url-status=live }}</ref><ref name="CT Richest">{{cite magazine | url=https://www.forbes.com/lists/2005/74/RN2Q.html | magazine=[[Forbes]] | title=China's Richest: #10 Chen Tianqiao | accessdate=24 June 2011 | archive-date=14 January 2024 | archive-url=https://web.archive.org/web/20240114115510/https://www.forbes.com/lists/list-directory/#ec3657bb274d | url-status=live }} (2005)</ref> Chen personally had $4 billion in net value in 2017 and was ranked as the 93rd richest person in China, according to the ''Hurun Report''.<ref name="CT Hurun Now">{{cite web |url=http://www.hurun.net/EN/Article/Details?num=5A320E03FD31 |title=Hurun Report Releases China Rich List 2017 in Association with 36G |website=[[Hurun Report]] |access-date=2018-12-14 |archive-date=2018-12-14 |archive-url=https://web.archive.org/web/20181214214025/http://www.hurun.net/EN/Article/Details?num=5A320E03FD31 |url-status=live }} (published 10-12-2018)</ref><ref name=hurun>{{cite web |url=http://hurun.net/EN/HuList.aspx?nid=1 |title=Hurun Report Global Rich List 2014 |website=[[Hurun Report]] |access-date=2014-08-21 |archive-url=https://web.archive.org/web/20140831225147/http://hurun.net/EN/HuList.aspx?nid=1 |archive-date=2014-08-31 |url-status=dead }} (published 2014)</ref>
@@ Line 38: / Line 38: @@
 == Boards ==
-Chen is chairman of the Shanda Group,<ref name="CT Giving To"/> and is also on the boards of various portfolio companies.<ref name="CT Distressed"/><ref name="CT Chiu">{{cite news | url= http://in.reuters.com/article/idINASB0AXRW | work= [[Reuters]] | title= BRIEF-Legg Mason appoints Tianqiao Chen and Robert Chiu to its board | access-date= 2017-02-08 | archive-date= 2017-08-18 | archive-url= https://web.archive.org/web/20170818090046/http://in.reuters.com/article/idINASB0AXRW | url-status= live }} (published 01-31-2017)</ref>
+Chen is chairman of the Shanda Group,<ref name="CT Giving To"/> and is also on the boards of various portfolio companies.<ref name="CT Distressed"/><ref name="CT Chiu">{{cite news | url= http://in.reuters.com/article/idINASB0AXRW | work= [[Reuters]] | title= BRIEF-Legg Mason appoints Tianqiao Chen and Robert Chiu to its board | access-date= 2017-02-08 | archive-date= 2017-08-18 | archive-url= https://web.archive.org/web/20170818090046/http://in.reuters.com/article/idINASB0AXRW | url-status= dead }} (published 01-31-2017)</ref>
 == Personal life ==
-Chen is married to Qianqian "Chrissy" Luo.<ref name="CT Flying Fingers"/> They moved from Shanghai to Singapore in 2009,<ref name="Today" /><ref name="CT Forbes Billionaires" /> then from Singapore to the [[Bay Area]] of California in late 2017.<ref name="Today" /><ref name="CT Forbes Billionaires" /><ref name="forbes">{{cite web |title=With A New Gift, Chinese Games Billionaire Takes Step To Treat Brain Diseases |url=https://www.forbes.com/sites/kerryadolan/2017/11/02/with-a-new-gift-chinese-gaming-billionaire-takes-step-to-treat-brain-diseases/#4d18857b42e8 |url-status=live |archive-url=https://web.archive.org/web/20200925051352/https://www.forbes.com/sites/kerryadolan/2017/11/02/with-a-new-gift-chinese-gaming-billionaire-takes-step-to-treat-brain-diseases/#4d18857b42e8 |archive-date=2020-09-25 |access-date=2018-12-14 |website=[[Forbes]]}} (published 11-02-2017)</ref> They are currently residents of [[Menlo Park, California]].<ref name="CT Unlocking">{{cite news |url=https://www.bloomberg.com/news/articles/2018-08-21/chinese-investor-devotes-fortune-to-unlock-the-human-brain-q-a |title=A Chinese Billionaire Is Using His Fortune to Unlock the Human Brain |website=[[Bloomberg News|Bloomberg]] |date=21 August 2018 |access-date=2019-05-27 |archive-date=2024-01-14 |archive-url=https://web.archive.org/web/20240114121050/https://www.bloomberg.com/news/articles/2018-08-21/chinese-investor-devotes-fortune-to-unlock-the-human-brain-q-a |url-status=live }} (published 12-21-2018)</ref> Chen bought in 2018 for $39 million a historic mansion built for Alice Gwynne Vanderbilt in 1881 on East 69th Street in the Upper East Side of Manhattan.<ref name="CT Closing">{{cite news |url=https://www.nytimes.com/2018/03/29/realestate/a-surge-of-high-priced-closings-including-a-sale-by-harvey-weinstein.html |title=A Surge of High-Priced Closings, Including a Sale by Harvey Weinstein |newspaper=[[The New York Times]] |date=29 March 2018 |last1=Marino |first1=Vivian |access-date=27 May 2019 |archive-date=9 November 2020 |archive-url=https://web.archive.org/web/20201109013142/https://www.nytimes.com/2018/03/29/realestate/a-surge-of-high-priced-closings-including-a-sale-by-harvey-weinstein.html |url-status=live }} (published 03-29-20)</ref><ref name="Strum B">{{cite news |url= https://www.mansionglobal.com/amp/articles/online-gaming-billionaire-buys-new-york-city-vanderbilt-mansion-for-39-million-91528 |title= Online Gaming Billionaire Buys New York City 'Vanderbilt Mansion' For $39 Million |access-date= 2020-10-26 |archive-date= 2024-01-14 |archive-url= https://web.archive.org/web/20240114121112/https://www.mansionglobal.com/amp/articles/online-gaming-billionaire-buys-new-york-city-vanderbilt-mansion-for-39-million-91528 |url-status= live }} (published 03-15-18)</ref>
+Chen is married to Qianqian "Chrissy" Luo.<ref name="CT Flying Fingers"/> They moved from Shanghai to Singapore in 2009,<ref name="Today" /><ref name="CT Forbes Billionaires" /> then from Singapore to the [[Bay Area]] of California in late 2017.<ref name="Today" /><ref name="CT Forbes Billionaires" /><ref name="forbes">{{cite web |title=With A New Gift, Chinese Games Billionaire Takes Step To Treat Brain Diseases |url=https://www.forbes.com/sites/kerryadolan/2017/11/02/with-a-new-gift-chinese-gaming-billionaire-takes-step-to-treat-brain-diseases/#4d18857b42e8 |url-status=live |archive-url=https://web.archive.org/web/20200925051352/https://www.forbes.com/sites/kerryadolan/2017/11/02/with-a-new-gift-chinese-gaming-billionaire-takes-step-to-treat-brain-diseases/#4d18857b42e8 |archive-date=2020-09-25 |access-date=2018-12-14 |website=[[Forbes]]}} (published 11-02-2017)</ref> They are currently residents of [[Menlo Park, California]].<ref name="CT Unlocking">{{cite news |url=https://www.bloomberg.com/news/articles/2018-08-21/chinese-investor-devotes-fortune-to-unlock-the-human-brain-q-a |title=A Chinese Billionaire Is Using His Fortune to Unlock the Human Brain |website=[[Bloomberg News|Bloomberg]] |date=21 August 2018 |access-date=2019-05-27 |archive-date=2024-01-14 |archive-url=https://web.archive.org/web/20240114121050/https://www.bloomberg.com/news/articles/2018-08-21/chinese-investor-devotes-fortune-to-unlock-the-human-brain-q-a |url-status=live }} (published 12-21-2018)</ref> In 2018, Chen bought a historic mansion built for [[Alice Claypoole Vanderbilt|Alice Gwynne Vanderbilt]] in 1881 on East 69th Street in the Upper East Side of Manhattan for $39 million.<ref name="CT Closing">{{cite news |url=https://www.nytimes.com/2018/03/29/realestate/a-surge-of-high-priced-closings-including-a-sale-by-harvey-weinstein.html |title=A Surge of High-Priced Closings, Including a Sale by Harvey Weinstein |newspaper=[[The New York Times]] |date=29 March 2018 |last1=Marino |first1=Vivian |access-date=27 May 2019 |archive-date=9 November 2020 |archive-url=https://web.archive.org/web/20201109013142/https://www.nytimes.com/2018/03/29/realestate/a-surge-of-high-priced-closings-including-a-sale-by-harvey-weinstein.html |url-status=live }} (published 03-29-20)</ref><ref name="Strum B">{{cite news |url= https://www.mansionglobal.com/amp/articles/online-gaming-billionaire-buys-new-york-city-vanderbilt-mansion-for-39-million-91528 |title= Online Gaming Billionaire Buys New York City 'Vanderbilt Mansion' For $39 Million |access-date= 2020-10-26 |archive-date= 2024-01-14 |archive-url= https://web.archive.org/web/20240114121112/https://www.mansionglobal.com/amp/articles/online-gaming-billionaire-buys-new-york-city-vanderbilt-mansion-for-39-million-91528 |url-status= live }} (published 03-15-18)</ref>
 ==References==

Authority control databases
International	VIAF FAST WorldCat
National	United States