Pony Ma is now China’s second-richest man as Tencent nears trillion-dollar club

  • Pony Ma overtakes Pinduoduo’s Colin Huang and Alibaba’s Jack Ma as the second-wealthiest person in China with a net worth of US$75 billion
  • Tencent edged closer to joining the exclusive US$1 trillion club after Monday stock surge

Pony Ma Huateng, chairman and CEO of Tencent Holdings, is currently China’s second richest person. Photo: Bloomberg

Pony Ma Huateng, the founder and CEO of Tencent Holdings, is now the second-wealthiest person in China as his company’s market value surged closer than ever to US$1 trillion this week.

A nearly 11 per cent jump in Tencent’s stock price on Monday added US$6.9 billion to Ma’s wealth, according to the Bloomberg Billionaires Index. With a net worth of around US$75 billion, Ma ranks only behind Zhong Shanshan, chairman of Chinese bottled water giant Nongfu Spring.
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