Pages

Monday, June 15, 2020

Meet the Chinese Capitalists

China’s third richest man is one of the country’s youngest billionaire entrepreneurs. Colin Zheng Huang, age 40, founded online discount platform Pinduoduo in 2015 and took the e-commerce firm public on the Nasdaq in 2018. Following a 14.5% surge in share price that boosted Huang’s fortune by $4.5 billion, Huang is now worth $35.6 billion, according to Forbes — becoming the 25th richest person in the world.

In net worth terms, that puts him behind two giant Chinese internet titans: Tencent chairman Ma Huateng (worth $46.4 billion) and Alibaba cofounder Jack Ma (worth $41.3 billion.)

No comments:

Post a Comment