Christmas hangover

Nursing a hang over from last night's Christmas celebration.
Is it worth it?

Oh boy not at all.
I'm recording it here so that I'll not forget, & never do it again!

Jack Ma, Alibaba's founder tops Asian's rich list

Mr Jack Ma, founder and executive chairman of China's Alibaba Group, has become the richest person in Asia. The 50-year-old founder of China's biggest e-commerce company surpassed Hong Kong property tycoon Li Ka Shing, who used to hold the top spot, according to the Bloomberg Billionaires Index. He has a US$28.6 billion (S$37.6 billion) fortune, according to the Bloomberg ranking. Mr Li has a net worth of US$28.3 billion -

Mr Ma has added US$25 billion to his fortune this year riding a 54 per cent surge in the company's shares since its September initial public offering on the New York Stock Exchange.

 At that scale, Alibaba is on the verge of becoming one of the 10 most valuable companies in the world. Alibaba, whose online marketplaces - Taobao and Tmall - had 307 million active buyers in China as of September, saw revenue rise to 16.8 billion yuan (S$3.6 billion) between July and September, according to Bloomberg

He may now be China's richest man, but he has admitted in a United States television interview that being so wealthy is actually causing him "great pain". "This month I'm not very happy - I think too much pressure," he told the broadcaster. "Yeah, it is good, but not the richest man in China. It's a great pain because when you're (the) richest person in the world, everybody (is) surrounding you for money," he told CNBC. He added that people now looked at him differently when he walked down the street and added: "Spending money is much more difficult than making money.

His remarks echoed what he told state media in early October when he said being named China's richest man is "meaningless". "My happiest days were when I used to earn 90 yuan (S$19) a month," Mr Ma once told state media. He is looking at the possibility to establish a foundation to spend money "in a business way" and may even compete with United States billionaire Bill Gates in the field of philanthropy, according to CNBC.

Mr Ma was ranked as China's most generous person after he donated a 1.4 per cent stake in his firm to set up a charity focused on the environment, health care and education, according to a survey by wealth publisher Hurun in late October .

Well as long as he is being generous to charity & hopefully cleaning up the environment , I would say keep on making the money Mr Ma :))