Alibaba Jack Ma becomes Asia's richest person, surpassing HK tycoon Li Ka Shing

krafty · Dec 12, 2014

http://www.straitstimes.com/news/as...es-asias-richest-person-beating-hk-tycoon-li-

Alibaba founder Jack Ma becomes Asia's richest person, surpassing HK tycoon Li Ka Shing

BEIJING (CHINA DAILY/ASIA NEWS NETWORK) - Mr Jack Ma, founder and executive chairman of China's Alibaba Group, has become the richest person in Asia.
The 50-year-old founder of China's biggest e-commerce company surpassed Mr Li Ka Shing, the Hong Kong property tycoon who has held the top spot in Asia since April 5, 2012, according to the Bloomberg Billionaires Index.
He has a US$28.6 billion (S$37.6 billion) fortune, according to the Bloomberg ranking. Mr Li has a net worth of US$28.3 billion.
Mr Ma has added US$25 billion to his fortune this year riding a 54 per cent surge in the company's shares since its September initial public offering on the New York Stock Exchange. At that scale, Alibaba is on the verge of becoming one of the 10 most valuable companies in the world.
Alibaba, whose online marketplaces - Taobao and Tmall - had 307 million active buyers in China as of September, saw revenue rise to 16.8 billion yuan (S$3.6 billion) between July and September, according to Bloomberg.

ascrwxnz · Dec 12, 2014

If i want to be King in my trade in my own country, i'll just get the relevant authorities to ban foreigners from competition. :rolleyes:

znxwrmc · Dec 12, 2014

By the way to keep the PAP IB busy, should i derate this thread? No hard feelings for it's just tit for tat for their childishness. :biggrin:

yellowarse · Dec 12, 2014

But Jack isn't happy.

<header class="" style="box-sizing: border-box; color: rgb(51, 51, 51); font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; line-height: 20px;">China’s Richest Man, Jack Ma: I’m Not Happy Being So Rich

JILLIAN D'ONFRO TECH <time class="published" datetime="2014-11-12T01:04:06+00:00" style="box-sizing: border-box; display: inline-block; margin-right: 5px; padding-right: 5px; line-height: 14px;">NOV. 12, 2014, 1:04 AM</time>
</header>
The founder and executive chairman of e-commerce giant Alibaba isn’t happy about being the richest man in China.

Jack Ma became China’s richest man after Alibaba IPO’d in September, and he told CNBC that he thinks the responsibility is a “great pain” and that he’s not happy. The pressure gets to him, especially as people put high expectations on Alibaba’s stock price.

“IPO is great because…I’m happy with the results,” he says, “But honestly, I think when people think too highly of you, you have the responsibility to calm down and be yourself.”

Ma says he tries to make himself happy, because he knows that the happiness of his colleagues, shareholders, and customers depends on his outlook, to some extent.

Not only does the stock price and thinking about the future worry him, but he feels like people look at him differently when they see him on the street. He feels like people have started surrounding him because of his riches, not because of who is actually is.

“I want people to see this is entrepreneur, this is a guy who is having fun of himself,” Ma says. “I want to be myself.”

He told CNBC he’s looking for ways to use his enormous wealth to give back to society.

sochi2014 · Dec 12, 2014

Happiness comes from familee!! Check out that Ah Tiong who married the Ukrainian woman thread!

blackmondy · Dec 12, 2014

Most China people don't like him.....always talk big.

danielsim · Dec 12, 2014

Jack Ma followed his vision despite only having few that believed in him at the initial stage. Respect!

palden · Dec 12, 2014

Let's see him beating LKY.

krafty said:
http://www.straitstimes.com/news/as...es-asias-richest-person-beating-hk-tycoon-li-

Alibaba founder Jack Ma becomes Asia's richest person, surpassing HK tycoon Li Ka Shing

BEIJING (CHINA DAILY/ASIA NEWS NETWORK) - Mr Jack Ma, founder and executive chairman of China's Alibaba Group, has become the richest person in Asia.
The 50-year-old founder of China's biggest e-commerce company surpassed Mr Li Ka Shing, the Hong Kong property tycoon who has held the top spot in Asia since April 5, 2012, according to the Bloomberg Billionaires Index.
He has a US$28.6 billion (S$37.6 billion) fortune, according to the Bloomberg ranking. Mr Li has a net worth of US$28.3 billion.
Mr Ma has added US$25 billion to his fortune this year riding a 54 per cent surge in the company's shares since its September initial public offering on the New York Stock Exchange. At that scale, Alibaba is on the verge of becoming one of the 10 most valuable companies in the world.
Alibaba, whose online marketplaces - Taobao and Tmall - had 307 million active buyers in China as of September, saw revenue rise to 16.8 billion yuan (S$3.6 billion) between July and September, according to Bloomberg.

NoLimit · Dec 12, 2014

who gives a shit?

Makoto · Dec 12, 2014

Narong Wongwan · Dec 12, 2014

Only loser like Krafty would idolize a copycat chink.....

yellowarse · Dec 12, 2014

blackmondy said:
Most China people don't like him.....always talk big.

Successful, talented people always rub people up the wrong way. Steve Jobs was called a domineering tyrant by his peers and subordinates. Bill Gates fared no better.

Sinkie · Dec 12, 2014

Narong Wongwan said:
Only loser like Krafty would idolize a copycat chink.....

......LOL!!! From a loser who idolizes Tonychat, one of the resident clowns here.

STUCK_HERE · Dec 12, 2014

look at his fuckface, he doesn't have class

Jah_rastafar_I · Dec 13, 2014

Only a chinese cna surpass another chinese.

frenchbriefs · Dec 13, 2014

Uh krafty is it time to buy oil?oil at 62 now.

Froggy · Dec 13, 2014

blackmondy said:
Most China people don't like him.....always talk big.

Come on, he talked big simply because he can

Sun Jian · Dec 13, 2014

STUCK_HERE said:
look at his fuckface, he doesn't have class

I suggest plastic surgery. :biggrin:

AaronKwok · Dec 13, 2014

On good looks, i, 郭富城 at my age now still has my legion of female fans.

AaronKwok · Dec 13, 2014

While u can say that Hongkies and Mainlanders are Chinese, most Hongkies don't like PRCs

Alibaba Jack Ma becomes Asia's richest person, surpassing HK tycoon Li Ka Shing

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