Jack Ma Now Asia's Wealthiest

Jack Ma

Jack Ma

Dalian Wanda’s Wang Jianlin has lost his crown as Asia’s richest person, at least for now. However with Wang looking to restructure his empire he may be back on top soon. 

News agency «Bloomberg» reported that Chinese billionaire Jack Ma added $4.3 billion to his fortune on Tuesday after his Ant Financial’s latest capital raising deal, expanding his wealth to $33.3 billion.

That puts the Alibaba chairman just in front of Wang Jianlin’s fortune of $32.7 billion and Hong Kong tycoon Li Ka-shing’s $29.5 billion.

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Jack ma's position at the top of the Asia’s billionaires table could be short lived though as Wang Jianlin is about to reorganise his spreading entertainment business holdings. Wang is also keen on quitting his property unit’s listing in Hong Kong in order to search for higher valuations in mainland China.

finews.asia reported earlier this year on Jack Ma's purchase of the Château de Sours vineyard in the renowned wine growing region of Bordeaux. The 85-hectare estate contains a castle dating back to the 18th century and is said to produce up to 500,000 bottles of red, white and rosé wines a year.

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