Jack Ma loses title as China’s richest man

Jack Ma loses title as China's richest man
Jack Ma loses title as China's richest man

Jack Ma, the founder of the world-famous Alibaba Marketplace, is no longer the richest Chinese man.

According to foreign media reports, Jack Ma’s company is being scrutinized by Chinese regulators, which has led to a decline in the company’s shares.

Jack Ma and his families are the richest people in China in the 2019 and 2020 list of the richest people in China.
However, according to the new list, he has been replaced by Zhong Shanshan, the founder of a beverage company.

Second, on the list is Pony Ma of Tencent Holding and third is Cooling Huang, founder of Pin Dudu.

Alibaba founder Jack Ma is the fourth richest person in China.


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