Alibaba founder Jack Ma tops China rich list

Jack Ma's Alibaba listed its shares in New York last week

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Alibaba founder Jack Ma has become China's richest person following his company's record listing, according to a wealth survey by the Hurun Report.

Mr Ma tops its annual rich list with a fortune of $25bn (£15bn), followed by Wanda Group chairman Wang Jianlin.

Internet billionaires account for five of China's 10 richest people this year, eclipsing property tycoons who have traditionally dominated the list.

The list also includes the head of Tencent, Pony Ma.

Other tech titans on the list include the co-founder of Chinese search group Baidu, Robin Li, and the founder of online retailer JD.com, Richard Liu Qiangdong.

Mr Liu, who is ranked 10th on the super-rich list, also saw his company listed in New York in August this year.

CHINA RICH LIST
Name Company Wealth (US$)
SOURCE: HURUN REPORT RICH LIST 2014
1. Jack Ma Yun & family
Alibaba (IT)
$25bn
2. Wang Jianlin & family
Wanda (Real estate, entertainment)
$24.2bn
3. Li Hejun
Hanergy (Renewable energy)
$20.8bn
4. Zong Qinghou & family
Wahaha (Drinks)
$20.8bn
5. Pony Ma
Tencent (IT, entertainment)
$18.1bn
Hurun Report chairman and chief researcher Rupert Hoogewerf said the list shows "the entrepreneurial spirit that has caught China seems not to be abating".

"Jack Ma is the 11th Number One we have had in China in the last 16 years, showing the dynamism of the Chinese economy, and a stark reminder of the growth potential that is being realised in the emerging markets".

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What a success story. Happy for him

When he started no one believed him, today he has proved them wrong.

You must dare to do something different, and if you fail you have something
you would have pickle from the experience

Today let me share an idea that I found and have used.

JUST MAKE MILLIONS SELLING TOMATOES.

Let me tell you how much you can make from this business drawing from my experience.

A basket of Tomatoes sells for 1400 naira to 1600 naira from the farmers



A basket in Lagos sells for 4000,

Gain on one basket = 4000-1600=2400

Total gain on 500 baskets= 500 x 2400 = 12 0 00000



Expenses

1 finders fee 20000

2 baskets at 250 = 250 x 500 = 125000

3 loading = 10,000

3 sellers percentage 10% =225000

Transport and feeding 50000

Total expenses 410, 000



Net gain 1200000 – 410000

N790,000

For more information on this

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