Jason Jian joins the billionaire ranks from around the world after Focus Media's market capitalization zoomed to $20 billion. The windfall came after Jiang decided delist from Nasdaq and on China's Shenzhen Stock Exchange (as Focus Media Informational Technology) instead through a backdoor listing into a languid electronics company called Hedy. Jiang left Nasdaq ahead of other Chinese firms wanting to get domestic listings and better prospects in place of Nasdaq after facing reversals of fortune. Other companies, such as Wang Jianlin's Dalian Wanda Commercial Properties and Zhou Hongyi's Qihoo are also looking forward to delist from Nasdaq and go back home instead.

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Hedy changed its name in April but all of the company's businesses still come from the former Focus Media with Jiang on the company's top helm as chairman. The company has now a market cap of $20 billion more than thrice of what it was worth when it left Nasdaq. That means Jiang's 23% stake is now worth $4.7 billion making the 43-year-old as one world's 250 richest people.

Year 2016 is also expected to be a sunny one for Hedy as revenues are expected to increase by 19% to $1.6 billion, bossting profits by 28% to $666 million, Huatai Securities reveals.Jiang's company continues to brave the tough tides, surviving the 2001 tech bubble and thriving by "targeting captive audiences for Chinese advertising with proprietary screens where they live, work, shop or play."

Focus Media, one of the first Chinese firms to list in the U.S. Nasdaq, doubled its share price after its $173-million IPO in 2005.  However, the company's share price and reputation suffered after short-seller Muddy Waters accused the firm of falsely exaggerating the number of screens it controlled and engaged in other wrongdoing.  

In 2013, Jiang delisted Focus Media from the Nasdaq in 2013 to look for higher valuation, saying that "you have to live in China" to realize how dense his screens' penetration of the urban mainland were .Focus Media and Jiang already paid a $55.6 million-fine with the SEC to settle the charges of erroneous exposés linked to the partial sale of a subsidiary to insiders. Focus media neither admitted nor denied any wrongdoing.

TagsJason jian, hedy, focus media