Jack Ma, the founder of China’s Alibaba and Ant Group, has received a lot of attention in recent months, after his empire came under regulatory scrutiny. Ma no longer holds the top spot for China’s richest man in 2021 in the Hurun Global Rich List. In addition, no real estate developers ranked among China’s top ten list this year, which has never happened before since the Hurun Global Rich List was created. Hurun lists the world’s richest individuals whose assets exceed $1 billion. Jack Ma Tumbles to 4th Spot Ma and his family held the top spot for China’s richest on the Hurun Global Rich List in 2019 and 2020, but now slipped to fourth place this year behind bottled water maker Nongfu Spring’s Zhong Shanshan, Tencent Holding’s founder Pony Ma, and e-commerce platform Pinduoduo’s Collin Huang, the latest list showed. The Hurun report shows that Jack Ma’s wealth increased …