PHOTO: Evergrande Group owner Xu Jiayin’s fortune of about $42.5 billion put him ahead of Jack Ma.
The owner of a real estate company has become the richest person in China with a $36.7 billion net worth, overtaking Alibaba co-founder Jack Ma, it was reported today. Evergrande Group owner Xu Jiayin’s fortune of about $42.5 billion put him ahead of Jack Ma ($35.4 billion) and Tencent founder Pony Ma Huateng ($35.3 billion), reported the Efe news.
The Forbes “real-time ranking” of the world’s billionaires placed Mr Xu at number 20, one spot ahead of Jack Ma and two ahead of Mr Huateng.
The real estate titan was named the richest person in China in 2017 by Forbes.
READ MORE VIA NDTV
adsense