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Alibaba's Jack Ma gets $2.8 bn richer in one day: Know how

The latest surge came after Alibaba forecast 45 to 49% revenue growth in this FY ending March

Lulu Yilun Chen | Bloomberg 

Jack Ma’s net worth surged $2.8 billion overnight as Alibaba Group Holding Ltd forecast sales growth that topped every analyst’s estimate, despite China’s decelerating economy. Ma, 52, is now the richest person in Asia and 14th wealthiest in the world, according to the Bloomberg Billionaires Index. His net worth has climbed $8.5 billion this year to $41.8 billion. The latest surge came after China’s largest e-commerce company forecast 45 to 49 per cent revenue growth in this financial year ending March, demonstrating how investments beyond online ...

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First Published: Sat, June 10 2017. 01:28 IST