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Ant, valued at around $315 billion at its IPO pricing, is exploring options for founder Jack Ma to divest his stake.
Ma's recent woes were triggered by an Oct. 23 speech in which he blasted China's regulatory system
Ma's 8.8% stake is worth $27.4 billion based on the stock pricing in Hong Kong and Shanghai
Jack Ma's fortune rose 45% percent over 2019 to $58.8 billion, according to Hurun Research Institute, which follows the country's wealthy
Zhong Shanshan's net worth reached $58.7 billion on Wednesday, $2 billion more than Jack Ma's, according to the Bloomberg Billionaires Index
Jack Ma, the Alibaba Group Holding founder, who ceded the No. 1 ranking in mid-2018, is back on top with a $44.5 billion fortune, about $2.6 billion more than Ambani
The latest surge came after Alibaba forecast 45 to 49% revenue growth in this FY ending March
