Ma Huateng’s profile picture

Ma Huateng

Chairman and CEO, Tencent Holdings
Ma Huateng’s profile picture
Net worth 2018: $48.05 Billion
Industry: Technology
Residence: Shenzhen, China
Country: China
BirthDay: 29 October 1971
Sigh: Scorpio
Education: Bachelor of Arts / Science, Shenzhen University
BIOGRAPHY

Ma Huateng was bornon 29 October 1971 in Shenzhen, China, China, is Chairman and CEO, Tencent Holdings. Ma Huateng is #14 in List Billionaires People In The World. Ma chairs Tencent Holdings, the China Internet giant that ranks among the country's largest businesses by market captilization. Tencent's popular WeChat messaging app has more than 960 million users. In contrast to his outgoing rival at Alibaba, Ma Huateng has a low-profile style that befits his engineering background. Tencent Holdings acquired a 12% stake in Snapchat-parent Snap, according to a November 2017 filing by Snap; it also made a pre-IPO investment in Snap.

NET WORTH STATISTIC
2009

$1.4 Billion

2010

$3.6 Billion

2011

$5 Billion

2012

$4.7 Billion

2013

$6.8 Billion

2014

$13.4 Billion

2015

$17.9 Billion

2016

$22 Billion

2017

$24.9 Billion

2018

$48.05 Billion

TIMELINE
2018

As of January 2018, he is China's richest man, and the 14th wealthiest in the world, with a net worth of US$52

2017

On 21 November 2017, he surpassed both Larry Page and Sergey Brin to become the ninth richest man in the world, and the first Chinese to enter Forbes' top 10 richest men list

2016

In 2016, Ma transferred $2 billion worth of Tencent shares, to his charitable foundation

2015

In December 2015, Ma Huateng announced that Tencent will build an "internet hospital" set up in Wuzhen that will provide long-distance diagnoses and medicine delivery

2012

According to the official Tencent website, Ma is a deputy to the 5th Shenzhen Municipal People’s Congress and serves in the 12th National People’s Congress

2011

After two months, one team presented an app for text messaging and group chat – Weixin – which launched in January 2011

2010

Mimicking Bill Gates’ Microsoft, Ma Huateng created two competing teams of engineers in 2010 and charged them with creating a new product

2009

Talking about the founding of Tencent, he told China Daily in a 2009 interview that “If I have seen further, it is by standing on the shoulders of giants,” paraphrasing a quote attributed to Isaac Newton and referencing the similarities between ICQ and OICQ

2007

In 2007 and 2014 Time magazine called him one of the world's most influential people, while in 2015, Forbes credited him as one of the world's most powerful people

2005

At Ma’s behest, Tencent launched in 2005 the C2C platform Paipai

2004

In 2004, Tencent launched an online gaming platform and started selling virtual goods to support the games published on that platform (weapons, gaming power), as well as emoticons and ringtones

2000

In December 2000, in order to stave off other costly lawsuit, Ma changed the name of the software to QQ (with "Q" and "QQ" used to stand for the word "cute")After the AOL lawsuit, Ma Huateng decided to expand the business portfolio of Tencent

1999

The product quickly became popular and garnered more than a million registered users by the end of 1999, making it one of the largest such services in China

1998

After AOL (America Online) bought ICQ in 1998, the company filed a lawsuit against Tencent with the National Arbitration Forum in the United States, claiming that QICQ’s domain names QICQ

1996

The company’s first product came after Ma participated in a presentation for ICQ, the world’s first Internet instant messaging service, founded in 1996 by an Israeli company

1989

He was enrolled in Shenzhen University in 1989 and then graduated in 1993 with a Bachelor of Science in computer science

1971

Ma Huateng (Chinese: 马化腾; pinyin: Mǎ Huàténg, born on October 29, 1971), also known as Pony Ma, is a Chinese business magnate, investor, philanthropist, engineer, internet and technology entrepreneur

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