Jack Ma Becomes Asia’s Richest Person on Alibaba Surge - Bloomberg
▻http://www.bloomberg.com/news/2014-12-11/jack-ma-becomes-asia-s-richest-person-on-alibaba-surge.html
Ma, a former English teacher who started the Hangzhou, China-based company [#alibaba.com] in his apartment in 1999, has added $25 billion to his fortune this year, riding a 54 percent surge in the company’s shares since its September initial public offering. He has a $28.6 billion fortune, according to the Bloomberg ranking. (...)
Alibaba’s $259 billion market capitalization makes it larger than Amazon.com Inc. and EBay Inc. combined, and more valuable than all but eight companies in the Standard & Poor’s 500 Index.
