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Alibaba Founder Jack Ma Loses Title as China's Richest Man After Coming Under Beijing's Scrutiny

Alibaba Founder Jack Ma Loses Title as China's Richest Man After Coming Under Beijing's Scrutiny
freerepublic.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freerepublic.com Daily Mail and Mail on Sunday newspapers.

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China passes U.S. as world leader in billionaires

Residents wearing masks pass by the Communist party logo and the slogan Party building leadership in Beijing on Thursday, Oct. 29, 2020. China will promote technological self-reliance under the ruling Communist Party’s latest five-year plan but will open further to . more >
By David R. Sands
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The Washington Times
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Wednesday, March 3, 2021
China, guided in theory by the ruling Communist Party’s Marxist-Leninist ideals, has achieved an unlikely milestone surpassing the United States as the country with the largest population of billionaires.
According to the 2021 Hurun Global Rich List released this week, China has become the first country in history with more than 1,000 billionaires, clocking in with 1,058 residents worth $1 billion or more in U.S. dollar terms at the start of 2021. That’s an increase of 259 billionaires in China from the s ....

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Jack Ma loses title as China's richest man after coming under Beijing's scrutiny

Jack Ma and his family had held the top spot for China s richest in the Hurun Global Rich List in 2020 and 2019 but now trail in fourth place behind bottled water maker Nongfu Spring s Zhong Shanshan, Tencent Holding s Pony Ma and e-commerce upstart Pinduoduo s Collin Huang, the latest list showed. ....

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Top 10 richest Indians in Hurun Global Rich List 2021

Updated Mar 03, 2021 | 11:42 IST
India retained the third spot on the list of countries with a maximum number of billionaires. The country’s elite billion dollar club saw the addition of 55 new entrepreneurs in 2020 despite Covid-19
Top 10 richest Indians in Hurun Global Rich List 2021
New Delhi: The Hurun Global Rich List 2021, released on Tuesday, ranked 3228 billionaires from 2402 companies and 68 countries. Tesla founder Elon Musk topped the list with a net worth of 14.4 lakh crore ($197 billion). Reliance Industries chairman Mukesh Ambani is also part of the world s top 10 richest people as the oil-to-telecon giant s chief occupied 8th spot on the list with a net worth of Rs 6.05 lakh crore. ....

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Jack Ma loses title as China's richest man

Alibaba and Ant Group founder Jack Ma has lost the title of China's richest man, a list published today showed, as his peers prospered while his empire was put under heavy scrutiny by Chinese regulators. ....

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