Ma made more money that anyone else in the world this year. His wealth grew by $US18.5 billion between December 2013 and December 2014, a whopping 173% increase.
He’s now worth an estimated $US29.2 billion, which includes his 7.8% stake in Alibaba and a nearly 50% stake in payment processing service Alipay.
Ma’s is a true rags-to-riches story. He grew up poor in communist China, failed his college entrance exam twice, and was rejected from dozens of jobs, including one at KFC, before finding success with his third internet company, Alibaba.