China has a new richest man.
Ma Huateng, also known as Pony, surpassed Alibaba’s Jack Ma to become the country’s richest man on Monday, according to Forbes’ billionaires list »
.
Pony Ma is the founder and CEO of internet company Tencent, which operates the super-popular WeChat app.
He shot up the rankings after his company’s stock price jumped 3% » , leaving Jack Ma in 20th place.
He is now the top-ranking Chinese citizen on the rich list, and one of the few non-Americans in the top 20.
Tencent is the company behind WeChat, a multi-purpose app which is like a mixture of WhatsApp, Google News and Uber and Deliveroo. It has around a billion users…
Wanna be rich… Invest in tech.
Now that you know the secret, do it and become a billionaire too
Fun fact. Tencent’s majority shareholder is a South African company which happens to be the largest company in Africa
Same company that owns dstv
Nope!
Tech is over-hyped and the few unicorns that strike it rich like Gates, Zuckerberg and Jack Ma should not be held out as an example for the rest.
People are very gullible and shallow; the reason why the tech bubble bust in America was excessive belief in the myth of Technology. Investors poured their money into ludicrous so called start ups without scrutinizing the underlying premise and viability of these businesses because they got carried away by the term Technology.
Just like in football.
For every Neymar Jnr and Lionel Messi, there are literally millions who’ve been left by the wayside and wish they’d tried something else.
It’s a Pyramid and there’s only one slot at the top.
But this shouldn’t discourage one from trying to be the occupier of that slot.
name of the company?
Naspers. They hold just over 30% of Tencent and are headquartered in South Africa. They spend 500m USD on mergers and acquisition yearly in Africa alone.
China briefly had a new face at the top of its rich list on Monday.
Ma Huateng, also known as Pony, surpassed Alibaba’s Jack Ma to become the country’s richest man, according to Forbes’ billionaires’ list.
He became the 18th richest person in the world after his company’s stock price jumped 3%, leaving Jack Ma in 20th place.
But Jack Ma swiftly reversed the switch on Monday afternoon after Alibaba’s shares rallied nearly 3%. He is now back in 18th place in the list, which is updated in real-time. Pony Ma is in 19th.
close but not too close
Here are other notable companies that Naspers is heavily invested in
- Multichoice Africa
- GoTv
- ShowMax
- Old
- udemy
- Konga
- Flipkart
Your’e right.
However, it good to be realistic.
Jack Ma and other Chinku tycoons are synthetic billionaires created by the communist party to showcase china as a land of opportunity where the average joe can make it from rags to riches ala Silicon valley. it’s a false image because china is still a closed state guided economy and only those close to the government can make it. The Chinese are aping the American model so badly it’s not funny