Zhong Shanshan Springs Into Third Place on Hurun China Rich List; Jack Ma Keeps Top Spot @JackMa
Alibaba's co-founder Jack Ma and his family topped Hurun's China Rich List for personal wealth of USD58.8 billion, excluding Ma’s donations tallying nearly USD14.2 billion. Tencent's CEO Pony Ma and Nongfu Spring’s founder Zhong Shanshan are No. 2 and 3.
Elon Musk’s net worth plunged $16.3bn Tue as Tesla stock crashed 21%, the largest single-day wipeout in history of BBG Billionaires Index. Zhong Shanshan added >$30bn to his fortune after shares of bottled-water company he founded surged following an IPO.