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.

    Before it's here, it's on the Bloomberg Terminal.