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Alibaba co-founder Jack Ma is NOT China s richest person - Read details here Jack Ma lost his crown as China s richest man after his business empire came under regulatory scrutiny of Chinese government. DNA Web Team Mar 3, 2021, 03:06 PM IST Alibaba co-founder Jack Ma is not China s richest person anymore, according to Shanghai-based research firm Hurun Report. Jack Ma slipped from the top post after his business empire came under regulatory scrutiny of Chinese government. 1. Jack Ma s total wealth 1/5 According to Hurun Report, which released its annual rankings Tuesday, Jack Ma and his family’s fortune rose 22% to USD 55.7 billion, from a year ago and he is currently at fourth place in the list of China’s richest people.

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