Jack Ma, the billionaire founder of the Alibaba Group – publisher of the South China Morning Post – stepped down as executive chairman of China’s largest company on his 55th birthday, after amassing a US$41.8 billion fortune. Photographer: Bloomberg Jack Ma, the billionaire founder of the Alibaba Group – publisher of the South China Morning Post – stepped down as executive chairman of China’s largest company on his 55th birthday, after amassing a US$41.8 billion fortune. Photographer: Bloomberg
Jack Ma, the billionaire founder of the Alibaba Group – publisher of the South China Morning Post – stepped down as executive chairman of China’s largest company on his 55th birthday, after amassing a US$41.8 billion fortune. Photographer: Bloomberg

China is now home to more wealthy people than the US – for the first time ever

The richest 10 per cent of the world holds 82 per cent of its wealth – and more of the globe’s wealthiest now live in China than the US, or anywhere else on the planet

Topic |   Millionaires and billionaires
Jack Ma, the billionaire founder of the Alibaba Group – publisher of the South China Morning Post – stepped down as executive chairman of China’s largest company on his 55th birthday, after amassing a US$41.8 billion fortune. Photographer: Bloomberg Jack Ma, the billionaire founder of the Alibaba Group – publisher of the South China Morning Post – stepped down as executive chairman of China’s largest company on his 55th birthday, after amassing a US$41.8 billion fortune. Photographer: Bloomberg
Jack Ma, the billionaire founder of the Alibaba Group – publisher of the South China Morning Post – stepped down as executive chairman of China’s largest company on his 55th birthday, after amassing a US$41.8 billion fortune. Photographer: Bloomberg
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