• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home People Billionaire Watch

49 years old Ma Huateng is the new richest man in China

Michael Ndu-Okeke by Michael Ndu-Okeke
April 4, 2021
in Billionaire Watch, Profiles, Spotlight, Tech News
49 years old Ma Huateng is the new richest man in China
Share on FacebookShare on TwitterShare on Linkedin

49-year-old Ma Huateng is currently the richest man in the most populous country in the world. Ma Huateng who is also called “Pony Ma” by fans, is the Chairman and Founder of Tencent Holdings, China’s biggest Internet enterprise.

Ma Huateng is currently worth $64.6bn surpassing Zhong Shanshan who is currently at $62.5bn according to the Bloomberg Billionaire’s index

Ma Huateng is also the youngest amongst the first 15 multi-billionaires in the world.

RelatedStories

China’s wobbly economy: Implications for Nigeria’s next president

China grants duty-free access to all African countries amid shifting global trade dynamics 

June 12, 2025
President Bola Tinubu,

FG clarifies proposed $21.5 billion debt, taps World Bank, ADB, China, France, EU for new loan

May 27, 2025

At 49 years old, he is the Chairman of Tencent, a company listed amongst the biggest companies in the world by the sheer size of its market capitalization.

READ: President Trump finally bans TikTok, WeChat

Road To riches

Ma Huateng founded Tencent 5 years after graduating from the University of Shenzhen where he studied Computer science. He teamed up with 4 of his colleagues in school to found the business. Tencent is the internet company behind the social media giant WeChat with over 1 billion users.

QQ and WeChat

Tencent’s first product (QQ) was an instant messaging app that connected early adopters of desktop computers and mobile phones. It quickly became China’s largest instant-messaging platform according to the Wall Street Journal.

The company enjoyed early success with QQ. In the coming years, it raised over $32 million in investment and went public in 2004.

In 2011, it launched its most successful product to date – the giant social media platform, wechat.com with over a billion users. In the massive Chinese online market where Facebook and WhatsApp are banned, WeChat enjoys a large share of the market. It also offers its users additional features like shopping, gaming etc.
Tencent primarily makes money from advertisement and premium subscribers.

READ: Elon Musk gains $25 billion in a day, as Tesla surges by 20%

Tencent’s diversified portfolio

Ma Huateng of Tencent is obviously a fan of diversified investment. The company has spread its tentacles to various areas and markets, mostly in the United States.

According To CNBC, Tencent has invested in the following companies:

1. It has a 5% stake in Tesla
2. A 10% stock swap with Spotify
3. A 10% stake in Snap

Pony Ma!

Ma Huateng is referred to as Pony Ma by his large and youthful fan base. He is not related to Alibaba founder Jack Ma; both billionaires, however, share mutual respect.

Ma Huateng is currently worth $63.4bn and is the biggest success story from the streets of Shenzhen which is often referred to as China’s Silicon Valley.

He is the latest richest man in China.

READ: $119 billion valued investment bank, Goldman Sachs to begin offering Crypto in Q2

What you should know

  • Ma Huateng and his colleagues did one simple thing. They founded a social media platform for their home country.
  • Ma Huateng is a strong beneficiary of the long-standing ‘China First’ policy of the Chinese Communist Party.
  • In a world where other countries are relying on US tech companies like Facebook and Apple for their tech products, the Chinese have always insisted on building their own and Ma Huateng is a product of such ideology.

Follow us for Breaking News and Market Intelligence.
Tags: chinaMa HuatengPony MaQQTencentWeChat
Michael Ndu-Okeke

Michael Ndu-Okeke

I am Michael Ndu-Okeke, a crypto reporter and analyst covering the intriguing world of Cryptocurrencies and its market. My work focuses on informative news, industry trends and research explaining the crypto industry to a wide range of readers.

Related Posts

China’s wobbly economy: Implications for Nigeria’s next president
Economy

China grants duty-free access to all African countries amid shifting global trade dynamics 

June 12, 2025
President Bola Tinubu,
Economy

FG clarifies proposed $21.5 billion debt, taps World Bank, ADB, China, France, EU for new loan

May 27, 2025
‘If war is what the U.S. wants, be it a tariff or trade war, we’re ready’ – China 
Aviation

China lifts ban on Boeing plane deliveries as trade tariff agreement takes effect 

May 13, 2025
Peter Obi, Ukrain
Economy

Nigeria now has more poor people than China, Indonesia, and Vietnam combined – Peter Obi claims 

April 25, 2025
‘If war is what the U.S. wants, be it a tariff or trade war, we’re ready’ – China 
Economy

China warns of retaliation against U.S. allies in escalating global trade standoff 

April 21, 2025
Trade war: Trump threatens China with additional 50% tariff for ignoring his warning not to retaliate 
Economy

China warns countries against US trade deals that undermine its interests 

April 21, 2025
Next Post
Nigeria’s energy future: Why investors should look to hydrogen 

Nigeria’s energy future: Why investors should look to hydrogen 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • CBN Forbearance hits FUGAZ stocks—except GTCO
  • EFCC arraigns Oil Magnate over alleged N750 million bank fraud in Port Harcourt 
  • FIRS extends tax office operations to weekends in June 2025 

Follow us on social media:

Recent News

GTCO to write off Aiteo loan and switch to aggressive recovery plan

CBN Forbearance hits FUGAZ stocks—except GTCO

June 17, 2025
EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says

EFCC arraigns Oil Magnate over alleged N750 million bank fraud in Port Harcourt 

June 17, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics