Jack Ma gestures during a pannel session at the World Economic Forum (WEF) annual meeting, on January 23, 2019 in Davos, eastern Switzerland. (Photo: AFP)
Jack Ma has maintained his status as the richest man in China according to the Hurun Global Rich List 2020, jointly released by Shanghai-based Hurun Research Institute and the Shimao Shenkong International Center in Shenzhen.
The Alibaba founder ranks 21st globally with his personal wealth amounting to 315 billion yuan (45 billion US dollars).
Amazon founder Jeff Bezos is the richest person in the world with 140 billion US dollars.
The list found that China has the largest number of billionaires and is home to 799 of them.
The United States, where seven of the list’s top 10 richest persons come from, follows China with 626 billionaires in total.