Alibaba's rise creates at least 10 billionaires not named Jack Ma

Venus Feng and Christopher Cannon

Updated Nov 13, 2017 – 10.59am, first published at 10.48am

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Jack Ma, who launched China's largest e-commerce company two decades ago and rode it to a $US47.6 billion ($62.1 billion) fortune, turns out to have created billions of dollars of wealth for at least 10 others - a total of almost $US100 billion.

By investing directly in or partnering with companies that provide services for his online buying platforms - from payment systems to delivery companies - Ma and his Alibaba Group have minted a network of people whose combined fortunes total more than $US52 billion, according to the Bloomberg Billionaires Index. With Ma's wealth included, the collective net worth is larger than the economies of 136 countries.

Bloomberg