⬅ # 29 Zhang Yiming|# 31 Phil Knight

# 30 Ma Huateng 

$42.3B

Real Time Net Worth
as of 5/21/2024
-$1.1B (-2.69%)

# 30 Ma Huateng 

$42.3B

Real Time Net Worth
as of 5/21/2024
-$1.1B (-2.69%)
OccupationChair and CEO, Tencent Holdings
Source of WealthOnline Games
Age52
ResidenceShenzhen, China
Marital StatusMarried
EducationBS, Shenzhen University
Age-Adjusted Net Worth$72.7B
Ma Huateng
Ma Huateng
China
Net worth: $42.3B

Self-Made Score 

Wealth History

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Biography

Ma Huateng, also known as Pony Ma, was born on October 29, 1971, in Chaoyang, Guangdong, China.
He is a Chinese entrepreneur and the founder, chairman, and CEO of Tencent Holdings Limited, a leading technology conglomerate.
Ma co-founded Tencent in 1998, starting as an instant messaging service provider with the development of QQ.
Under his leadership, Tencent expanded its portfolio to become a global tech giant, with successful ventures in social media, gaming, e-commerce, and financial services.
WeChat, introduced in 2011, became a multi-functional platform, contributing significantly to Tencent's success.
Ma is known for Tencent's strategic investments, acquiring stakes in various companies worldwide, including Riot Games, Supercell, and Tencent Music Entertainment.
He has played a key role in shaping China's internet landscape and fostering innovation through Tencent's initiatives.
Ma Huateng is recognized for his philanthropy, contributing to causes such as education, healthcare, and environmental conservation.
In 2018, Tencent briefly surpassed Facebook in market value, marking a significant milestone in the tech industry.

How long would it take you to become as rich as Ma Huateng?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Ma Huateng's net worth of $42.3B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

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Ma Huateng is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Ma Huateng, Online Games is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey