Jack Ma Is Richest Chinese

Posted: Sep 23 2014, 8:51am CDT | by , in News | Latest Business News


Jack Ma is Richest Chinese
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Jack Ma leads the list of Richest Chinese after Alibaba IPO.

Alibaba founder Jack Ma has reached the top. According to the Hurun report, Jack Ma is now the richest person in China. Hurun publishes a similar Billionaire ranking as Forbes. 

Hurun estimates Jack Ma's wealth at $25 Billion. There are over 350 Dollar Billionaires in China this year. There are many on the list that make their money with online or IT businesses. Via BBC.

Jack Ma has still some way to go to enter the top 10 richest people on the planet. According to Forbes you need to have a wealth of over $35.5 Billion to be under the Top 10. In the most recent Forbes Billionaires list, Carlos Slim is #1 with $84.8 Billion followed by Bill Gates with $81.5 Billion and Warren Buffett with $68.3 Billion.

Alibaba could though propel Jack Ma into the list of the World's richest people. The IPO was very positive. Shares jumped over 30% above the IPO price and are still trading in that range.

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.




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