Jack Ma's fortune increased by $ 2,3 billion in just one day
The multi-billion dollar fine imposed by Chinese regulators on Alibaba has boosted the e-commerce giant's stock, boosting the fortune of the company's founder, Jack Ma.
Shares of Alibaba, listed on the Hong Kong Stock Exchange, strengthened for two days in a row, rising today by about 0,5 percent, after yesterday's jump of over 6 percent, while on Wall Street on Monday rose by more than 9 percent, the most in the last almost four years, reports Rasha Today.
Alibaba's rise in value also boosted Jack Ma's net worth, which according to Bloomberg rose $ 2,3 billion in just one day to $ 52,1 billion.
He is currently the 25th richest man in the world and the third richest in China.
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