Pursuits
Alibaba's Jack Ma Overtakes Wanda's Wang as Asia's Richest Man
- Ant Financial's latest financing round bolstered Ma's wealth
- Wanda's Wang has upcoming deals that could affect his ranking
Inside the House That Jack Ma Built
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Alibaba Group Holding Ltd. Chairman Jack Ma overtook Dalian Wanda Group Co.’s Wang Jianlin as Asia’s richest man after the e-commerce giant’s financial affiliate raised a record amount in its latest round of fundraising.
Ma added $4.3 billion to his fortune on Tuesday after his Ant Financial’s latest deal, expanding his wealth to $33.3 billion, according to the Bloomberg Billionaires Index. That puts him ahead of Wang’s $32.7 billion and Hong Kong tycoon Li Ka-shing’s $29.5 billion.