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Ant Group Ends Jack Ma s Reign After Approval of No-Controller Status

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Billionaires: Gautam Adani considers buying Anil Ambani s bankrupt coal plants

Billionaires: Gautam Adani considers buying Anil Ambani s bankrupt coal plants
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JACK MA: Jack Ma s wealth dips $4 1 billion, dragged by Ant s reduced valuation

Once Chinas richest tech tycoon, Jack Ma may now be worth $30 billion, which is less than half of his peak wealth before the failure of the biggest IPO in history in 2020. Jack Mas 9.9 per cent stake in Ant Group Co is now estimated to be worth $4.1 billion less than almost a year ago, according to the latest update on Bloomberg Billionaires Index.

Jack Ma s wealth drops $4 1 billion as Ant s valuation slashed

The 58-year-old tycoon has a 9.9% stake that’s now estimated to be worth $4.1 billion less than almost a year ago, based on the share buyback, average analyst estimates and Fidelity Investments’ valuation, according to the Bloomberg Billionaires Index.

Jack Ma s wealth drops $5 5 billion as Ant s valuation slashed

Once China’s richest person, Mr Ma could now be worth about US$30 billion, less than half of his peak fortune. Read more at straitstimes.com.

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