Alibaba's Jack Ma tops China rich list: Forbes


SHANGHAI: Jack Ma, founder of e-commerce giant Alibaba, is China's richest person with a fortune of nearly US$20bil, as billionaires increase despite a slowdown in the country's economy, Forbes magazine said Tuesday.

The number of Chinese billionaires surged to 242 this year from 168 in 2013, Forbes said in its annual "China Rich List", which ranks the wealthy.

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