Date
24 October 2017

Tencent chief leads tech shift on rich list, Xinhua says

Chinese technology tycoons feature prominently in the new Hurun Global Rich List, with Jack Ma of Alibaba Group, Pony Ma of Tencent Holdings and Lei Jun of Xiaomi among the notable figures, Xinhua news agency reported Tuesday. The list showed that technology overtook real estate to be the key source of wealth for China’s super-rich, the report said. Jack Ma, 50, was ranked 192 in the global rich list with net worth of US$7.1 billion, while Pony Ma was in the 70th spot with wealth of US$14 billion. Lei Jun, 45, founder of smartphone maker Xiaomi, made the list for the first time with 28 billion yuan (US$4.6 billion). He was the “fastest riser” this year. Released on Tuesday, the list ranking US dollar billionaires on a snapshot of wealth calculations on Jan. 17 is headed by Bill Gates, who takes back top spot from Mexican Carlos Slim for the first time in three years. Gates’ fortune rose US$14 billion to US$68 billion.

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