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Jack Ma's fortune jumps $2.3 billion after record Alibaba fine
short by Kiran Khatri / on Tuesday, 13 April, 2021
Alibaba Group's American depositary receipts climbed 9.3% in New York, their biggest jump in nearly four years, leading to an increase of $2.3 billion in Co-founder Jack Ma's fortune. His net worth rose to $52.1 billion, according to the Bloomberg Billionaires Index. This comes after Chinese authorities imposed a record $2.75 billion fine on Alibaba for violating anti-monopoly rules.
read more at BloombergQuint