China's 4 wealthiest tech billionaires have combined net worth of $165B

By Dat Nguyen June 23, 2024 | 05:00 pm PT

China’s top 4 tech moguls, with a combined net worth of $165 billion, have made their companies global leaders in e-commerce, social media, and online gaming, according to Chinese magazine New Fortune.

Colin Huang, founder of PDD Holdings

Colin Huang, founder and CEO of the online group discounter Pinduoduo, speaks during the company's stock trading debut at the Nasdaq Stock Market in New York, during an event in Shanghai, China July 26, 2018. Photo by CNS via Reuters

Huang, 44, is the richest person in China’s tech sector with a net worth of 425 billion yuan ($59 billion).

He is a major shareholder of PDD Holdings, an e-commerce giant that operates Pinduoduo shopping platform.

He has a master’s in computer science and used to work for Microsoft and Google in the U.S.

Zhang Yiming, founder of ByteDance

Zhang Yiming, founder and global CEO of ByteDance, poses in Palo Alto, California, U.S., March 4, 2020. Picture taken March 4, 2020. Photo by Reuters

Zhang Yiming, 41, came second with a net worth of $47 billion.

ByteDance, in which Zhang owns a 21% stake, operates one of the world’s biggest social media TikTok with more than one billion users globally.

Zhang started the company in 2012. He stepped down as chairman in 2021.

Ma Huateng, founder of Tencent Holdings

Tencent Chairman and Chief Executive Officer Pony Ma Huateng attends a news conference announcing the company's results in Hong Kong, China March 17, 2016. Photo by Reuters

Ma Huateng, 53, has assets worth $29 billion.

He is the chairman of Tencent Holdings which operates messaging app WeChat with 1.3 billion users.

Tencent is the world’s largest video game vendor. It also has stake in U.S. videogame company Epic Games and carmaker Tesla.

Jack Ma, co-founder of Alibaba Group Holding

Jack Ma, billionaire founder of Alibaba Group, arrives at the "Tech for Good" Summit in Paris, France May 15, 2019. Photo by Reuters

Jack Ma, 60, wraps up the list with a net worth of $28.5 billion.

Alibaba, which he founded in 1999, is now one of the world’s largest e-commerce business.

He resigned as the company’ executive chairman in 2019.

His net worth has been plunging steeply in the last two years after reaching a peak of $48 billion in 2021, according to Forbes.