Sunday, February 24th, 2019

Energy boss overtakes IT mogul as China’s richest: survey

Chinese online retail giant Alibaba founder Jack Ma smiles while waiting for the trading to open at the New York Stock Exchange, on September 19, 2014A Chinese solar energy tycoon has replaced e-commerce giant Alibaba's founder Jack Ma as the country's richest man with a fortune of $26 billion, a wealth survey showed Tuesday. He is now the wealthiest person in China and his global ranking went up 108 notches to number 28, the list showed. Ma claimed the title in mainland China last year after Alibaba completed the world's biggest IPO with its $25 billion listing on the New York Stock Exchange in September. He dropped to third place in the country with a fortune of $24.5 billion, it said.

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