09-06-2017 15:26 via feedproxy.google.com

Jack Ma made nearly $3 billion on Alibaba's surge (BABA)

Jack Ma, the charismatic founder of Alibaba, has all the more reason to be happy today. He is $2.8 billion richer after Alibaba shares surged 13% on Thursday following news the company expects revenue to surge 50% this year, much higher than expected.
If revenue follow the Alibaba's predictions, it will be the second year in a row the company has managed a 50% or more increase in revenue.
The nearly $3 billion Ma gained from Thursday's spike caused his net worth to
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