Tencent Chief Overtakes Wanda's Wang as China's Second-Richest Person

"Pony" Ma Huateng has overtaken Wang Jianlin to become China’s second-richest person. The co-founder of Tencent Holdings Ltd. added $10 billion to his wealth this year as shares of the internet giant surged 57 percent on record sales and profit that topped estimates. Wang’s net worth fell to $30.5 billion, according to the Bloomberg Billionaires Index, as his Dalian Wanda Group Co. has come under regulatory pressure over how it financed its acquisition spree.

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