Jack Ma's wealth falls nearly $11 billion in 2 months, China scrutiny | Editorji
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China scrutiny: Jack Ma's wealth falls nearly $11 billion in 2 months

Dec 30, 2020 16:52 IST

Alibaba co-founder Jack Ma has lost nearly $11 billion of his wealth since the end of October, after China increased scrutiny on the e-commerce giant. As per the Bloomberg Billionaires Index, Ma's net worth has slipped to $50.9 billion from a peak $61.7 billion, making him the 25th richest person in the world. China has begun clamping down on big tech groups, including Jack Ma’s Alibaba Group. In November, Beijing pulled the break on the Ant group, which was supposed to be the world’s biggest IPO.

International