Tencent Pony Ma and Alibaba Jack Ma are the Top 20 Richest People in the World with $84.3 Billion

Tencent Pony Ma and Alibaba Jack Ma are the Top 20 Richest People in the World with $84.3 Billion

Founder of Tencent, Pony Ma and founder of Alibaba, Jack Ma are now the top 20 richest people in the world with a combined wealth of $84.3 billion.  They are the first Chinese to be in the top 20 list published by Forbes.

” Pony Ma and Jack Ma are the Top 20 Richest Man in theWorld with $84.3 billion net worth “

Pony Ma has a net worth of $45.3 billion while Jack Ma has a net worth of $39 billion.  The latest listing reported 2,208 billionaires (2,043 in 2017) and $9.1 trillion in total wealth ($7.7 trillion in 2017).  Forbes measure the value of various assets owned by including stocks, real estate, art and yachts.

 

2018 Forbes Top 20 Richest Man:

Rank Name Net Worth Key Business Citizenship
1 Jeff Bezos $112 B Amazon United States
2 Bill Gates $90 B Microsoft United States
3 Warren Buffett $84 B Berkshire Hathaway United States
4 Bernard Arnault $72 B LVMH France
5 Mark Zuckerberg $71 B Facebook United States
6 Amancio Ortega $70 B Zara Spain
7 Carlos Slim Helu $67.1 B Diversified Mexico
8 Charles Koch $60 B Koch Industries United States
9 David Koch $60 B Koch Industries United States
10 Larry Ellison $58.5 B Oracle United States
11 Michael Bloomberg $50 B Bloomberg LP United States
12 Larry Page $48.8 B Google United States
13 Sergey Brin $47.5 B Google United States
14 Jim Walton $46.4 B Walmart United States
15 S. Robson Walton $46.2 B Walmart United States
16 Alice Walton $46 B Walmart United States
17 Pony Ma Huateng $45.3 B Tecent China
18 Francoise Bettencourt Meyers $42.2 B L’Oreal France
19 Mukesh Ambani $40.1 B Reliance India
20 Jack Ma $39 B Alibaba China

Source: SCMP, Nikkei

 

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Jack Ma’s Yunfeng & Ant Financial Buy MassMutual Asia for $1.66 Billion

Jack Ma’s Yunfeng & Ant Financial Buy MassMutual Asia for $1.66 Billion

Jack Ma’s related companies, Yunfeng Financial Group and Ant Financial Services Group, and other strategic investors have entered into a transaction to buy MassMutual Asia $1.66 billion in cash and equity .  MassMutual International will receive approximately USD 1.01 billion in cash (HKD 7.9 billion) and 800 million shares of Yunfeng FG at HKD 6.50 per share (total value of approximately USD 668 million), which is equivalent to approximately 24.8 percent of the expanded share capital of Yunfeng FG.

” MassMutual Asia Sold for $1.01 billion and 800 million shares of Yunfeng FG (valued at $668 million) “

Yunfeng Financial Group will hold 60% stake in MassMutual Asia and the remaining 40% held with strategic investors (40%), Meyu International Company Limited (9.8%), City-Scape Pte. Ltd. (managed by GIC’s private equity group) (7.5%), Ant Financial Services Group (5%), Sheen Light Development Limited (5%), SINA Corporation (5%), Harvest Billion International Limited (4.9%) and Giant Investment (HK) Limited (a wholly owned subsidiary of Giant Network Group) (2.8%), will hold the remaining interest in MassMutual Asia.

 

 

About MassMutual

MassMutual, headquartered in Springfield, Mass., is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. MassMutual offers a wide range of financial products and services, including life insurance, disability income insurance, long term care insurance, annuities, retirement plans and other employee benefits. The company’s major affiliates include asset management firms Barings LLC, and OppenheimerFunds, Inc.; as well as First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC, Member FINRA and SIPC; and The MassMutual Trust Company, FSB. For more information, visit .

Visit: www.massmutual.com

 

About Yunfeng Financial Group

Yunfeng FG is a leading Asia focused investment and financing platform principally engaged in the provision of financial services, including securities brokerage, wealth management and investment, corporate finance consultancy, ESOP (Employee Stock Ownership Plan) administration, and investment research. Combining its knowledge and experience in the internet business and the financial field, Yunfeng FG has developed and uses fintech to deliver a growing number of its services in the fields of securities trading, wealth management, employees’ shareholding service and investment research. Certain members of Yunfeng FG are licensed to carry out type 1 (dealing in securities), type 4 (advising on securities), type 6 (advising on corporate finance) and type 9 (asset management) regulated activities under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Visit: www.yff.com

 


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Alibaba Plans to be the Fifth Largest “Economy” in the World by 2036

Alibaba Plans to be the Fifth Largest “Economy” in the World by 2036

Jack Ma has said that Alibaba aims to be the fifth largest “economy” in the world by 2036. Alibaba has set a target to achieve US$1 trillion in gross merchandise volume in 2019 which would make it the 16th or 17th largest “economy” in the world. The firm strives to become a global business and serve as many as two billion consumers worldwide in 19 years time.

“Alibaba has set a target to achieve US$1 trillion in gross merchandise volume in 2019.”

~ South China Morning Post

General Electric and Wal-Mart Stores, among the largest companies on the planet with the most extensive network of operations, have been compared to economies in the past. Wal-Mart’s 2002 sales was comparable with Australia, the world’s 22nd-biggest economy.

Related Report: South China Morning Post

 

About Alibaba

We provide the fundamental technology infrastructure and marketing reach to help merchants, brands and other businesses that provide products, services and digital content to leverage the power of the Internet to engage with their users and customers. Our businesses are comprised of core commerce, cloud computing, digital media and entertainment, innovation initiatives and others. Through investee affiliates, we also participate in the logistics and local services sectors.

Visit: Alibaba


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Alibaba’s Jack Ma Networth Increases by $2.8 Billion

Alibaba’s Jack Ma Networth Increases by $2.8 Billion

Jack Ma’s net worth increased by $2.8 billion overnight as Alibaba forecast sales growth topped analyst estimate.  He is now the richest person in Asia and has a net worth of $41.8 billion. His net worth has grown by $8.5 billion in 2017 and is now the 14th wealthiest person in the world.

“His net worth has grown by $8.5 billion in 2017.”

~ Bloomberg

The surge in Jack’s Ma net worth came after China’s largest e-commerce company forecast 45 to 49 percent revenue growth in the year ending March. Alibaba is capturing more digital advertising spending by incorporating social elements such as video in its shopping sites.

Related Reports: Bloomberg, Time

 

About Alibaba

We provide the fundamental technology infrastructure and marketing reach to help merchants, brands and other businesses that provide products, services and digital content to leverage the power of the Internet to engage with their users and customers. Our businesses are comprised of core commerce, cloud computing, digital media and entertainment, innovation initiatives and others. Through investee affiliates, we also participate in the logistics and local services sectors.

Visit: Alibaba


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

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Wanda Group Chairman Wang Jianlin is China’s Richest Person

Image Credits: DALIAN/CHINA, 12SEPT09 – Wang Jianlin, Chairman and President, Dalian Wanda Group, speaks during the Success versus Survival in a Global Downturn session at The World Economic Forum Annual Meeting of the New Champions in Dalian, China 10-12 September 2009. Copyright at http://www.weforum.org World Economic Forum / Natalie Behring

Wanda Group Chairman Wang Jianlin is China’s Richest Person

According to the Hurun Report The China Rich List 2016, Wang Jianlin is still China’s richest person with a fortune of $32.1 billion. Wealth in Asia is now moving ahead of US. There are in total 754 Chinese billionaires. This is in comparison with 535 billionaires in US.

“There are in total 754 Chinese billionaires. This is in comparison with 535 billionaires in US. “

~ Hurun Report

Although Jack Ma had a 41% surge in wealth, Wang Jianlin still managed to hold onto the top spot. In September he delisted his property arm from Hong Kong stock exchange to re list on Mainland China. This could propel him to a $50 billion fortune, making him the world’s Top 10 Richest.

Related Reports: Hurun Report, Finews Asia

 

About Hurun Report

Established as a research unit in 1999 by British accountant Rupert Hoogewerf, Hurun Report Inc. has grown into a leading luxury publishing group based in Shanghai, China. Hurun Report Inc has four divisions: Media; Conferences & PR; Market Research; and Investments. Within the Media Division, our titles are Hurun Report, Hurun Schools Guide, Hurun Horse & Sports, Wings & Water.

Visit: Hurun


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