American Chinese biotechnology tycoon Huang Xinxiang
After Los Angeles Angel announced that she wanted to change hands, Chinese entrepreneur Patrick Soon-Shiong considered buying the angel. Huang Xinxiang is also the boss of the American media Los Angeles Times. According to the Los Angeles Times, Huang Xinxiang holds shares in the NBA Lakers and wants to expand his territory in the sports world. Angels are worth $2.5 billion, but Huang Xinxiang is even richer. Forbes estimates that his net worth is $6.9 billion (213 billion).
Huang Xinxiang, 70 years old this year, was born in South Africa. His parents are from Guangdong. He lived in Africa during World War II. When he grew up, he moved to the United States to become a surgeon. He developed his career in biotechnology and care, and successfully invested and accumulated wealth many times. In 2018, he bought the Los Angeles Times and the San Diego United Tribune for $500 million in cash and became the first Chinese-American boss to master major American media.
Angels boss Arte Moreno has held the team for nearly 20 years and won the team in 2003 with $180 million. As major league teams continue to rise, the most expensive record was that hedge fund tycoon Steve Cohen bought the New York Metropolis for $2.4 billion, and the Angels are a small-market team, which is expected to still break.
Huang Xinxiang failed to buy the Dodgers earlier, but later entered the American football NFL without success. Angels now have famous player Mike Trout and Shohei Otani. Trout has a long contract, and Otani will enter the free market after next season. It is generally believed that Otani's chance of staying in the team is not high. Even if the new boss is willing to spend a lot of money to keep him, Otani shows that he wants to join the strong team, most likely the Angels will trade him out in exchange for a powerful rookie in the mid-season next season.
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