Jack Ma Loses Title As China’s Richest Man, Slips to 4th Spot

Jack Ma Loses Title As China’s Richest Man, Slips to 4th Spot
Jack Ma, chairman of Alibaba Group, gestures during a panel session at the World Economic Forum (WEF) annual meeting in Davos, eastern Switzerland, on Jan. 23, 2019. Fabrice Coffrini/AFP via Getty Images
Updated:

Jack Ma, the founder of China’s Alibaba and Ant Group, has received a lot of attention in recent months, after his empire came under regulatory scrutiny. Ma no longer holds the top spot for China’s richest man in 2021 in the Hurun Global Rich List.

In addition, no real estate developers ranked among China’s top ten list this year, which has never happened before since the Hurun Global Rich List was created.

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