Net Worth

Ma Huateng Net Worth

Ma Huateng Net Worth

What is Ma Huateng’s Net Worth?

Ma Huateng’s net worth is estimated to be $57.3 billion in 2022. Ma Huateng, popularly known as Pony Ma, is a Chinese business magnate, engineer, internet and technology philanthropist, and internet and technology entrepreneur.

Huateng is the chairman, founder, and CEO of Tencent, the most valuable corporation in Asia and one of the world’s top Internet and technology enterprises.

Without a question, he is one of the world’s wealthiest CEOs.

Formative Years

Ma Huateng was born on October 29, 1971, in Chaoyang, China. Ma Chenshu’s father took a position as a port manager in Shenzhen, near Hong Kong, and the young Ma went with him.

Huateng began studying computer science at Shenzhen University in 1989 and graduated with a Bachelor of Science in 1993.

Career

Ma Huateng began his career with China Motion Telecom Development. He was said to be paid $176 each month. He also worked in the research and development department for Internet calling services at Shenzhen Runxun Communications Co. Ltd. at the same time.

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In 1998, Huateng proceeded to co-found Tencent. Ma got the idea for the startup after seeing a presentation for ICQ, the world’s first Internet instant messaging service, which was created in 1996 by an Israeli corporation.

In 2000, Ma turned to IDC, a US investment firm, and Pacific Century CyberWorks, a Hong Kong telecom carrier, who bought 40 percent of Tencent shares for $2.2 million. Following that, negotiations with telecom operators who agreed to share message fees accounted for 80 percent of the company’s revenue.

Ma Huateng’s net worth is expected to reach $57.3 billion by 2020.

Memorable Moments:

  • In 1998, he formed Tencent Holdings Ltd.
  • In 1997, he launched the Internet-based service QQ.

In Conclusion

Ma Huateng is one of China’s best-known investors and businessmen.

He founded Tencent, Asia’s most valuable corporation, one of the world’s largest Internet and technology enterprises, and the world’s largest investment. He’s also the creator of the popular messaging app WeChat.

Ma Huateng’s net worth is expected to be $57.3 billion by 2020, making him one of the world’s wealthiest businessmen.

The Author

Oladotun Olayemi

Dotun is a content enthusiast who specializes in first-in-class content, including finance, travel, crypto, blockchain, market, and business to educate and inform readers.