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China’s richest

19 Sep, 2014

Ma becomes the richest person in China as the Alibaba IPO pushes his net worth over $16 billion. His total net worth grows higher when $800 million in cash that he pocketed by selling shares is added. His personal fortune is now larger than that of Baidu founder Robin Li, who has $16.6 billion, and Pony Ma of Tencent with $15.5 billion.