Jack Ma,very shortly going to add another $ 7 billion to his net worth , apart from the latest $2.8 billion in a day
Jack Ma’s net worth surged $2.8 billion overnight as Alibaba Group Holding Ltd forecast sales growth that topped every analyst’s estimate, despite China’s decelerating economy. Shares in Alibaba, where Ma is chairman, rose 13% to a record high.
Ma, 52, is now the richest person in Asia and 14th wealthiest in the world, according to the Bloomberg Billionaires Index. His net worth has climbed $8.5 billion this year to $41.8 billion.
The latest surge came after China’s largest e-commerce company forecast 45 to 49% revenue growth in the year ending March, demonstrating how investments beyond online shopping are paying off.
Now the market cap is $ 344 Billion but shortly we will going to see over $ 450 Billion.
Last month it closed above the breakout level of $ 120 and now @ $139.44
but the target price for the breakout is $180--185