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$75bil. Tencent edged closer to joining the exclusive US$1 trillion club after Monday stock surge. — SCMP

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 (RM4.04 trillion) this week.

A nearly 11% jump in Tencent’s stock price on Monday added US$6.9bil (RM27.90bil) to Ma’s wealth, according to the Bloomberg Billionaires Index. With a net worth of around US$75bil (RM303.33bil), Ma ranks only behind Zhong Shanshan, chairman of Chinese bottled water giant Nongfu Spring.