A social media tycoon is now China's richest man
HONG KONG (CNNMoney) -- China's new richest man has chat apps and video games to thank for his massive wealth.
Tencent CEO Ma Huateng is the country's highest-ranked person on the Global Rich List published Wednesday by Shanghai-based wealth research firm Hurun Report.
His estimated fortune more than doubled to $47 billion over the past year.
His wealth has been supercharged by his stake of nearly 9% in Tencent, the Chinese social networking and internet company that he co-f...