China’s rapidly growing number of billionaires and millionaires has raised the country’s clout in global business in the past decade. The mainland is close to landing another entrepreneur in the ranks of the world’s top 50 richest after online game company NetEase reported a big increase in profit last week.
The 14% leap in NetEase’s Nasdaq-traded stock price on Thursday left its chairman William Ding with a fortune worth $17.3 billion at the end of week. That ranks Ding at No. 53 in the world, according to the real-time Forbes Billionaires List. Ding, who was mainland China’s richest man and first online game billionaire back in 2003, owns a 44% stake in NetEase.
Others from mainland China already in the global top 50 include Wang Jianlin, chairman of Wanda Group, Jack Ma, chairman of e-commerce leader Alibaba, and Ma Huateng, chairman of Internet heavyweight Tencent. They are all self-made billionaires.
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