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Jack Ma - Founder of Alibaba becomes China'a richest Man

  • Days after Alibaba was officially declared the world’s biggest IPO, its founder Jack Ma officially became the richest man in China. In the China annual rich list that is collated by the Hurun Report, Jack Ma’s name rose to the top. He is shown to have topped the list with an approximate wealth of $25 billion, as per media reports.

    It may be noted here that Jack Ma’s name was nowhere in the list since the last 10 years and his inflated wealth was as a result of Alibaba’s stock which rocketed new heights on Friday.