The Chinese government seems to think so. They STOPPED Ant Financial’s IPO dead in its tracks.
Simple: Jack Ma’s optimized net worth EASILY exceeds $100 billion.
His businesses are more valuable, farther reaching, more impactful and far more INTERESTING than Jeff Bezos’, his nearest global peer.
The only reason Jack Ma isn’t “already” the richest on paper is because of #Western investor bias and unfounded fears over the rise of #Chinese firms and exposure to the whims of political heavyweights.
Perhaps #investors are now proven right.
The Chinese #government cited a “new regulatory environment” and other politically-correct verbiage from vested interests who want to block Jack’s rise.
Like those before him, he is an #international public relations “risk” at a time when Western nations are angry with China and expect pandemic recourse.
Let’s see what ensues…but knowing this, it is a sad day for one of the world’s finest #entrepreneurs.
What do you think? Is the Chinese government smarter than we think?