Jack Ma loses $11 billion in two months
Alibaba Co-Founder Jack Ma's net worth has plunged by almost $11 billion in two months as China increased scrutiny of the e-commerce giant and its fintech affiliate Ant Group. The 56-year-old's wealth, which reached a peak of $61.7 billion this year, has tumbled to $50.9 billion. China recently launched an anti-monopoly investigation into Alibaba, weeks after suspending Ant's $35-billion IPO.