China’s top four tech moguls, with a collective net worth of $165 billion, have established their companies as global powerhouses in e-commerce, social media, and online gaming, according to New Fortune magazine.
Colin Huang, the founder and CEO of Pinduoduo, is the wealthiest figure in China’s tech industry, with a net worth of $59 billion. Huang, 44, is a significant shareholder of PDD Holdings, which operates the Pinduoduo shopping platform. He holds a master’s degree in computer science and previously worked for Microsoft and Google in the U.S.
Zhang Yiming, 41, ranks second with a net worth of $47 billion. He owns a 21% stake in ByteDance, the parent company of TikTok, one of the world’s largest social media platforms with over one billion users globally. Zhang founded ByteDance in 2012 and stepped down as chairman in 2021.
Ma Huateng, 53, has a net worth of $29 billion. He is the chairman of Tencent Holdings, which operates WeChat, a messaging app with 1.3 billion users. Tencent is also the world’s largest video game vendor and holds stakes in U.S. video game company Epic Games and carmaker Tesla.
Jack Ma, 60, completes the list with a net worth of $28.5 billion. He founded Alibaba in 1999, now one of the world’s largest e-commerce companies. Ma resigned as executive chairman in 2019. His net worth has significantly declined from a peak of $48 billion in 2021.
These four industry leaders have not only driven technological advancements in China but have also left an indelible mark on the global digital landscape.
| GDP (nominal) | Capital | Head of State | Head of Government | GDP (nominal) per capita | GDP (PPP) | GDP (PPP) | GDP (PPP) per capita |
|---|---|---|---|---|---|---|---|
| China | Beijing | Xi Jinping | Li Qiang | 17.700.899 | 12.541 | 35.004.000 | 23.309 |
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