Tencent boss Pony Ma climbs Forbes rich list in rise and rise of e-commerce

With Amazon’s  Jeff Bezos wresting top spot in the Forbes rich list from Microsoft’s Bill Gates  for the first time  this year,  further proof (if any were needed) of the seemingly inexorable rise of e-commerce was provided by the elevation of  the mastermind behind China’s massively popular WeChat social media platform, Tencent co-founder and chairman ‘Pony’ Ma Huateng, into the top 20 and his supplanting of  real-estate billionaire and Wanda Group chairman Wang Jianlin as Asia’s richest man.
Although 13 of the  Forbes top 20  richest people are US tycoons, the China’s number are growing. Last year, it was responsible for creating more  billionaires than anywhere else in the world and this  narrowing of the gap is largely thanks to the rise and rise of the digital economy; with a fortune of US$39bn  Alibaba’s Jack Ma was the third native from China to make it into  20.
Asia’s wealthiest woman was also from China in the form of property developer vice-chairwoman Yang Huiyan who owns 57% of Country Garden of which she is also Vice Chairman. She is joined  on the list by  Zhou Qunfei, founder of touch screen maker Lens Technology, whose clients include Apple and Samsung. A former migrant worker who began her business career making watch parts in an apartment in the southern Chinese city of Shenzhen, her wealth was put at US$7.8 billion.

Source: nikkei