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Jack Ma Falls From First to Fifth on List of China's Wealthy

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An updated list of China's wealthiest individuals is out, and Jack Ma -- founder of global ritual behemoth Alibaba BABA -- is no longer on top.. This is according to the Hurun China Rich List for 2021, where bottled-water and biotech billionaire Zhong Shanshan leads the wealthiest roster for the first time. "China has a new richest person, with Alibaba Group Holding figurehead Jack Ma slipping down the ranks of China's 'Most Wealthy' list," said RealMoney's Alex Frew McMillan recently on Real Money.