Showing posts from June 11, 2017

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