Alibaba’s founder and chairman Jack Ma was the richest person of China, but unfortunately, he has been dethroned now. Yes, he is no more the richest person in China. Want to know who overtook him?
Well he is Ma Huateng, the CEO of Tencent, the internet giant in China. Just couple of weeks back Bill Gates was replaced by Jeff Bezos, remember? Now, the same has repeated in China too.
According to Forbes, the net worth of Ma Huateng aka Pony Ma is $37 million while that of Jack Ma is $36.2 million.
Ma Huateng became the 18th richest person in the world and left Jack Ma on the 19th place.
Occupying the 18th position became possible after he raked in 1 billion US dollars; also, the share price of Tencent grew by 2.95%.
Tencent and Alibaba both have been growing a lot; China has the world’s largest internet users and hence, the companies’ growth is explosive.
Do you think Jack Ma can replace him again?
