$4.5bn financing deal makes Jack Ma Asia’s richest man – Bloomberg


Alibaba CEO Jack MaAlibaba founder and chairman China’s Jack Ma has overtaken his compatriot and Dalian Wanda owner Wang Jianlin as Asia’s richest man. Ma leapfrogged the property developer and cinema chain operator after the e-commerce giant’s Ant Financial affiliate raised a record $4.5bn from a consortium of powerful state-backed investors to bankroll its global expansion.
The deal bought his wealth to $33.3bn according to the Bloomberg Billionaires Index. That puts him ahead of Wang with $32.7bn and Hong Kong tycoon Li Ka-shing with $29.5bn. Ma is now 16th in Bloomberg’s global rankings, which continue to be dominated by US tech entrepreneurs.

Billionaire Country Net Worth Change YTD 
Bill Gates US $78.0 billion -$5.8 billion
Amancio Ortega Spain $69.7 billion -$3.2 billion
Warren Buffett US $59.4 billion -$2.9 billion
Jeff Bezos US $55.8 billion -$3.9 billion
Carlos Slim Mexico $48.6 billion -$3.6 billion
Mark Zuckerberg US $47.5 billion +$1.7 billion
Source: Bloomberg