Alibaba's Jack Ma Gets $2.8 Billion Richer in One Day

Alibaba co-founder Jack Ma gains on bullish sales outlook
Resultant share rally makes him the world’s 14th wealthiest

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By Lulu Yilun Chen

June 9, 2017 at 1:11 AM UTC

Updated on

June 9, 2017 at 9:26 AM UTC

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Jack Ma’s net worth surged $2.8 billion overnight as Alibaba Group Holding Ltd. forecast sales growth that topped every analyst’s estimate, despite China’s decelerating economy.

Ma, 52, is now the richest person in Asia and 14th wealthiest in the world, according to the Bloomberg Billionaires Index. His net worth has climbed $8.5 billion this year to $41.8 billion.