Jack Ma Is China’s Richest Man Again, ‘Rich List’ Says
Alibaba Group Holding Ltd. founder Jack Ma, who plans to become a teacher after retiring next year, has reclaimed the title of richest man in China with a fortune of 270 billion yuan ($39.0 billion), the “Hurun Rich List” (link in Chinese) announced today.
Ma’s return to the top spot — a position he last held in 2014 — is thanks in large part to the sharp increase in valuation of Alibaba-affiliated online payment giant Ant Financial Services Group, which he founded.
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