Pursuits
Mother of Jack Ma’s Fund Partner Becomes Billionaire With Alipay
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The mother of Jack Ma’s private-equity fund partner became a billionaire following a higher valuation of Alibaba Group Holding Ltd.’s finance affiliate last week.
Wang Yulian owns 4.6 percent of Zhejiang Ant Small & Micro Financial Services Group Co., according to company filings obtained by Bloomberg News, making her the biggest shareholder in the parent of Alipay after Ma and Alibaba co-founder Simon Xie. She has a net worth of $2.4 billion, according to the Bloomberg Billionaires Index.