Meet Ma Huateng, who dethroned Jack Ma as China's richest

Internet giant Tencent founder and CEO of Ma Huateng, worth $50 billion, has surpassed Alibaba Co-Founder Jack Ma's $48 billion fortune to become China's richest person, according to the Bloomberg Billionaires Index.

Known as Pony Ma, Pony led research and development for the internet paging system at China Motion Telecom Development Limited, a telecommunications services and products provider in China. He later co-founded Tencent in 1998.

He received his Bachelor of Science degree specialising in Computer and Applied Engineering from Shenzhen University, according to the company bio.

Known for developing some of China's leading Internet platforms including the social messaging app WeChat, Tencent Holdings Limited went public on the main board of the Hong Kong Stock Exchange on June 16, 2004. Its digital content products include online games, video, live streaming, news, music, literature. In the gaming space, it provides some of the most popular titles including Honour of Kings, PUBG MOBILE and League of Legends.

Wikipedia has described him as a Chinese business magnate, investor, politician, and philanthropist. Thrice (2007, 2014, 2018), Time magazine called him one of the world's most influential people. In 2015, Forbes credited him as one of the world's most powerful people while Fortune ranked him as among the top businessmen of the year in 2017. He was also named one of the "Most Powerful People In The World" by the CEOWORLD magazine in 2018.

(IANS with inputs from Wikipedia)