Jack Ma is no longer China’s richest man
Alibaba and Ant Group founder Jack Ma has received a major setback. After Beijing came under scrutiny, he is no longer the richest man in China.
Know who is the richest now?
Let us tell you, Jack Ma was the richest person in China in the Hurun Global Rich List in the year 2020 and 2019, but now this place of Zhong Shanshan, Zhong Shanshan of Nongfu Spring, Tencent Holding. Pony Ma and Pinduoduo’s Collin Huang have taken the stand of e-commerce.
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In this race, Zhong has overtaken Shanshan. Zhong Shanshan is from Hongzhou, Zhejiang Province, China. First he worked as a worker in a production company, then he was a reporter in a newspaper and after that he ventured into business.
How much did property increase?
At this time, China’s richest person Zhong has seen quite a boom in the shares of Nongfu Spring. Only after becoming the richest person of China, his shares have seen a boom. Let us tell you that Pony Ma’s property of Tencent has seen an increase of about 70 percent in one year. That is, there has been an increase of 480 billion yuan (74.16 billion dollars).
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At the same time, Huang gained 283 percent to 450 billion yuan. In comparison, Ma and his family’s assets grew by 22 per cent to 360 billion yuan.