Social Media Tycoon, Pony Ma, Is China’s Richest Man

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The CEO OF Tencent (TCHEY), Ma Huateng, has been rated the richest man in China in the Hurun Report’s Global Rich List.

With an estimated amount of $47 billion last year, much of his success is linked to his share of nearly 9% in his company and the company’s Wechat app. Also, his company’s market value of $540 billion has put it ahead of Facebook.

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However, Mark Zuckerberg, founder of the Facebook company is still in the frontrunner with $79 billion.

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