Who is the richest man in China? Alibaba founder Jack Ma tops Forbes list

 
Catherine Neilan
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Jack Ma: Alibaba founder tops another rich list (Source: Getty)
Alibaba founder and chief executive Jack Ma has been named the richest man in China, after his etail giant raised $21.8bn through its record-breaking IPO last month.
Ma had already been named the richest man in the People's Republic by the Hurun Report, but the 50-year old former teacher has made it to the top of Forbes' list with a smaller estimated fortune. Last month, Hurun valued his worth to be $25bn, but Forbes believes it to be closer to $19.5bn.
Still, he is comfortably richer than China's second wealthiest person by Forbes' estimates. Robin Li, founder of Chinese search engine Baidu, is valued at $14.7bn. By Hurun's reckoning, Li is ranked sixth.
Ma Huateng makes it a tech top three for the Forbes list. Nicknamed Pony Ma ("Ma" means "horse" in Mandarin) the Tencent founder is valued at $14.4bn.
Here's the list of Forbes top 10 richest people in China – and how it compares with the Hurun Report:

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