Tencent’s Pony Ma Reclaims Title of China’s Richest Person
- Bottled water tycoon Zhong Shanshan falls to third place
- Ma’s wealth swelled as Tencent rode gaming resurgence
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Tencent Holdings Ltd. co-founder Pony Ma returned to the top of the wealth rankings in China, making him the latest tech billionaire to achieve the status.
Weak economic data from the world’s second-biggest economy sent some Hong Kong-listed shares lower on Monday, allowing Ma to surpass bottled water tycoon Zhong Shanshan with a fortune of $44 billion as of 9:53 New York time, according to the Bloomberg Billionaires Index. Zhong drops to third place, and Zhang Yiming, the founder of privately-held TikTok owner ByteDance Ltd., is second.