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Jack Ma is still richest man in China on Forbes rankings

By Phate Zhang
Apr 7, 2020 at 8:54 PM UTC
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Jack Ma is still richest man in China on Forbes rankings-CnTechPost

Today Forbes China released the 34th Global Billionaires List, with a total of 2,095 billionaires on the list. Among the top ten richest people in the Chinese mainland, Jack Ma, Pony Ma and Xu Jiayin are in the top three.

The top ten richest in China:

Jack Ma, wealth value: 38.8 billion US dollars, source of wealth: Alibaba

Pony Ma, wealth value: 38.1 billion US dollars, source of wealth: Tencent

Xu Jiayin, wealth value: 21.8 billion US dollars, source of wealth: Evergrande Group

He Xiangjian, wealth value: 21.6 billion US dollars, source of wealth: Midea Group

Yang Huiyan and family, wealth value: 20.3 billion US dollars, source of wealth: Country Garden

Qin Yinglin, wealth value: 18.5 billion US dollars, source of wealth: Muyuan

William Ding, wealth value: 17 billion US dollars, source of wealth: Netease

Huang Zheng, wealth value: 16.5 billion US dollars, source of wealth: Pinduoduo

Zhang Yiming, wealth value: 16.2 billion US dollars, source of wealth: ByteDance

Wang Wei, wealth value: 15.2 billion US dollars, source of wealth: SF Holdings

There are 389 rich people on the list in mainland China this year, and the total wealth amounts to 1.2 trillion US dollars. In addition, in the ranking of the world's ten richest people, Bezos ranked first with $113 billion, and Bill Gates ranked second with $98 billion.

The ten richest people in the world:

Jeff Bezos, $113 billion

Bill Gates, $98 billion

Bernard Arnaud, $76 billion

Warren Buffett, $67.5 billion

Larry Ellison, $67.5 billion

Omancio Ortega, $55.1 billion

Mark Zuckerberg, $54.7 billion

Jim Walton, $54.6 billion

Alice Walton, $54.4 billion

Rob Walton, $54.1 billion

According to a report by Hurun Research Institute on Sunday, Tencent CEO Pony Ma became the richest man in China for the first time, with wealth decreasing by 7% in the past two months to RMB 290 billion.

Alibaba founder Jack Ma saw his wealth decreased by 9% in the past two months to RMB 290 billion, the same as Pony Ma to also rank No. 1 on the Hurun list.

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