Alibaba founder Jack Ma was not the No. 1 billionaire in China! Check what happened now
With 270 billion yuan (USD 39 billion) in wealth, Jack Ma's family became the richest in China, dethroning Evergrande Chairman Xu Jiayin, whose wealth fell by 40 billion yuan to 250 billion yuan, (about USD 36 billion), the state-run China Daily reported on Wednesday.
Jack Ma, the founder of the e-commerce giant Alibaba, has regained the title of China's richest man with he and his family having a total wealth of about USD 39 billion. Image source: Reuters