China: Alibaba’s Jack Ma slips to third in rich list

Jack Ma, the boss of Chinese e-commerce giant Alibaba, has slipped to the third top spot in Forbes’ China rich list.  Mr Ma’s ranking fell one place, even though his net worth increased by more than a third to $38.6bn (£27.3bn). Asia’s richest tech billionaire, Tencent’s Pony Ma, also known as Ma Huateng, climbed to […]

Jack Ma, the boss of Chinese e-commerce giant Alibaba, has slipped to the third top spot in Forbes’ China rich list. 

Mr Ma’s ranking fell one place, even though his net worth increased by more than a third to $38.6bn (£27.3bn).

Asia’s richest tech billionaire, Tencent’s Pony Ma, also known as Ma Huateng, climbed to second after his fortune surged almost 60% to $39bn.

Leading the rankings was China’s richest man, real estate magnate Hui Ka Yan.