Alibaba`s owner now Asia`s richest man

Alibaba Group Holding Ltd. Chairman Jack Ma overtook Dalian Wanda Group Co.`s Wang Jianlin as Asia`s richest man after the e-commerce giant`s financial affiliate raised a record amount in its latest round of fundraising, Bloomberg reports.
His latest deal added $4.3 billion to his fortune on Tuesday, expanding his wealth to $33.3 billion, according to the Bloomberg Billionaires Index.
That puts him ahead of Wang`s $32.7 billion and Hong Kong tycoon Li Ka-shing`s $29.5 billion.
Ma`s lead among Asia`s billionaires could be short lived as Wang reorganizes his entertainment business and seeks to relocate his property unit`s listing in search of higher valuations in mainland China — deals that could affect the property-to-entertainment mogul`s fortune.

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