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Jack Ma's net worth falls after announcing departure

By Chen Liubing | chinadaily.com.cn | Updated: 2018-09-13 14:16
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JD.com founder and CEO Richard Liu Qiangdong gives an interview in Hong Kong, June 9, 2017. [Photo/VCG]

Affected by CEO Richard Liu Qiangdong's negative news recently, JD's stock price dropped 34.6 percent within this year with a company net worth at $39.96 billion. The net worth of chairman Liu also fell to $7 billion as of Sept 12, 2018, according to the Forbes Billionaire 2018 list.

Baidu remains the most stable competitor in stock price this year, with a mild 7.73 percent slump within the year. The company's net worth is $76.56 billion, and CEO Robin Li's net worth is $12.2 billion, dropping around $9 billion compared with the year's beginning.

Robin Li, co-founder and CEO of Baidu Inc, speaks during the Baidu's Create conference in Beijing, July 4, 2018. [Photo/VCG]

According to the calculation of the 21st Century Business Herald, total net worth of Baidu's Robin Li, Alibaba's Jack Ma, Tencent's Pony Ma and JD's Richard Liu have shrunk $17 billion since the beginning of the year.

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