Forbes Billionaire List

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  • China Internet Billionaire Jack Ma's Wealth Steady Under Yahoo Deal

    forbes.com 1 week, 2 days ago

    The wealth of Jack Ma, the billionaire chairman and CEO of China e-commerce giant Alibaba Group, wouldn't change appreciably in connection with its plan to buy a 20% stake in the company from Yahoo announced today. Ma holds more than 7% of Alibaba Group, and the valuation of the company under the initial Yahoo transaction ...

  • Jailed Chinese Billionaire's Retailer Gome Makes Good On Its Warning: 1St-Qtr Profit Plunges 88%

    forbes.com 4 days, 23 hours ago

    ??Gome Electrical Appliances, controlled by jailed Chinese billionaire Wong Kwong Yu, warned investors in late April that it expected to report a "significant decline" in net profit in the first quarter. The electronics chain made good on that warning this afternoon. Net profit plunged by 88% to 67 million yuan, or $10.6 million,?? the company ...

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