Alibaba's rise creates 10 billionaires, Jack Ma not included

Hong Kong

JACK Ma, who launched China's largest e-commerce company two decades ago and rode it to a US$47.6 billion fortune, turns out to have created billions of dollars of wealth for at least 10 others - a total of almost US$100 billion.

By investing directly in or partnering with companies that provide services for his online buying platforms - from payment systems to delivery companies - Mr Ma and his Alibaba Group Holding Ltd have minted a network of people whose combined fortunes total more than US$52 billion, according to the Bloomberg Billionaires Index.

With Mr Ma's wealth included, the collective net worth is larger than the economies of 136 countries."Jack is a long-term visionary," said Duncan Clark, author of the book Alibaba: The House That Jack Ma Built and an early adviser to the c…