Alibaba Founder Jack Ma becomes China's richest person
Chinese e-commerce giant Alibaba's Founder Jack Ma has surpassed real estate and entertainment tycoon, Wang Jianlin, to become China's richest person with a $30.9 billion fortune. Ma's net worth has gained from more than one-third rise in Alibaba's share price so far this year amid growing profits. Alibaba was established in 1999 by 18 people led by Jack Ma.