Ma Yun is the founder of Alibaba. Photo = Yonhap News
It was revealed that the founder of Alibaba Group Ma, whose ugly hairs are firmly embedded in the Chinese authorities, has also lost the position of No. 1 in China. It is interpreted in exchange for criticizing the financial policy of the authorities in a public place last year.
The Wall Street Journal (WSJ) reported on the 2nd (local time), citing a Hurun report called the Chinese version of Forbes. According to the 2021 World List of Riches released by the Hurun report, Ma Yun ranks fourth, and his family’s fortune reached 360 billion yuan (about 62 trillion won), an increase of 22% from the previous year.
The No. 1 position Ma Yun recorded for many years was occupied by the founder of Zhongshan Mountain of Nongfu Shanquan, a Chinese bottled water company. This year’s vaccine manufacturer Wantai Bio and Nongfushan Quan’s IPO made him a money cushion, and his fortune was 550 billion yuan (approximately 95 trillion won).
In the second and third places, Tencent’s Chairman Ma Hua Teng and the e-commerce company Pinduo Duo (PDD) founder Colin Huang were respectively. They were found to have assets of 480 billion yuan (about 83 trillion won) and 450 billion yuan (about 78 trillion won). Zhang Yi-ming (張一鳴), the founder of Byte Dance with TikTok, entered the fifth place in China for the first time.
Ma Yun’s decline in the rankings of the number of people was due to the recent plunge in the value of his stocks due to all-round pressure from the Chinese authorities. As of the 2nd, Alibaba’s share price in the Hong Kong stock market has fallen by 22% since the end of October last year.
Ma Yun pointed out that at the Bund financial summit held in Shanghai last October, China’s large state-owned banks are not deviating from the practice of’pawn shop sales’. At the time, a large number of Chinese state-level leaders and financial giants attended the meeting, including Chinese vice president Wang Qi-san, who was called “Xi Jinping’s right arm,” and Lee Kang, president of the People’s Bank, China’s central bank.
As a result, Ant Group, a fintech company affiliated with Alibaba Group, was not listed as the world’s largest, and the Alibaba Group was investigated for violating the antitrust law.
Reporter Joara Hankyung.com [email protected]
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