China’s fifth richest man Xu jiayin is reported to take his private jet to reach Queensland’s gold coast and plans to buy Sheraton Mirage Resort.

China's fifth richest man Xu jiayin took his private jet to Queensland's gold coast in northeast Australia and planned to buy Sheraton Mirage Resort. This property is only a 15-minute drive away from the jewelry Three Pagodas bought by Wanda Group. 

Xu jiayin is reported to have assets of 7.5 billion yuan and is ranked no.5 on the china's rich list. Last week, he took his private jet to reach Queensland's gold coast with a group including 25 entourages.