You may not have heard of Tencent, but about 1/7th of the world has.

Last week, the Chinese Internet giant behind social media platforms like WeChat that together count more than 1 billion users briefly surpassed $530 billion in market capitalization — making it more valuable than Facebook.

That has made its founder, a 46-year-old man named Ma Huateng, who goes by “Pony,” very wealthy.

Forbes now puts Ma’s net worth at $47.8 billion — richer than either Google founder (Bloomberg’s billionaire index values Ma slightly lower), and, now, the first Asian to crack Forbes’ global top-10 richest list.

Read more here == http://www.businessamlive.com/billionaire-whose-social-media-company-has-become-more-valuable-than-facebook/