Age, Biography and Wiki

Ma Huateng was born on 29 October, 1971 in Shantou, China, is a Chinese billionaire business magnate (born 1971). Discover Ma Huateng's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 52 years old?

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Occupation Businessman, investor, philanthropist, software engineer
Age 52 years old
Zodiac Sign Scorpio
Born 29 October 1971
Birthday 29 October
Birthplace Shantou, China
Nationality China

We recommend you to check the complete list of Famous People born on 29 October. He is a member of famous Founder with the age 52 years old group. He one of the Richest Founder who was born in China.

Ma Huateng Height, Weight & Measurements

At 52 years old, Ma Huateng height not available right now. We will update Ma Huateng's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

Family
Parents Not Available
Wife Not Available
Sibling Not Available
Children Not Available

Ma Huateng Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Ma Huateng worth at the age of 52 years old? Ma Huateng’s income source is mostly from being a successful Founder. He is from China. We have estimated Ma Huateng's net worth, money, salary, income, and assets.

Net Worth in 2024 47.2 billion USD (2020)
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Founder

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Timeline

1934

Ma ranks the fourth wealthiest person in China and the 34th wealthiest person in the world according to Forbes, with a net worth of US$34.5 billion.

1937

, he has a net worth of US$37.5 billion according to Bloomberg Billionaires Index, ranking him as the 33rd wealthiest person in the world.

1971

Ma Huateng (, born on October 29, 1971) is a Chinese business magnate, investor, and philanthropist.

He is the co-founder and chief executive officer of Tencent, one of the most valuable companies in East Asia, one of the largest internet and technology companies, and one of the biggest investment, gaming, and entertainment conglomerates in the world.

The company in Shenzhen develops China's biggest mobile instant messaging service, WeChat, and its subsidiaries provide media, entertainment, payment systems, smartphones, internet-related services, value-added services and online advertising services, both in China and globally.

1993

He received a Bachelor of Science degree in Computer Science and Applied Engineering from Shenzhen University in 1993.

Ma's first job was with China Motion Telecom Development, a supplier of telecommunications services and products, where he was in charge of developing software for pagers.

He reportedly earned $176 per month.

He also worked for Shenzhen Runxun Communications Co. Ltd. (深圳润迅通讯发展you/ed/s限公司) in the research and development department for Internet calling services.

1996

The company's first product came after Ma participated in a presentation for ICQ, the world's first Internet instant messaging service, founded in 1996 by an Israeli company.

1998

Along with four other classmates, Ma Huateng went on to co-found Tencent in 1998.

After AOL (America Online) bought ICQ in 1998, the company filed an arbitration against Tencent with the National Arbitration Forum in the United States, claiming that OICQ's domain names OICQ.com and OICQ.net were in violation of ICQ's trademark.

Tencent lost the case and had to relinquish the domain names.

1999

Inspired by the idea, Ma and his team launched in February 1999 a similar software, with a Chinese interface and a slightly different name: OICQ (or Open ICQ).

The product quickly became popular and garnered more than a million registered users by the end of 1999, making it one of the largest such services in China.

2000

In 2000, Ma turned to US investment firm IDC and Hong Kong's telecom carrier Pacific Century CyberWorks (PCCW), which bought 40 percent of Tencent's shares for US$2.2 million.

With the pager market shrinking, Ma improved the messaging platform by allowing OICQ users to send messages to mobile handsets.

Afterwards, 80 percent of the company's revenue came from deals struck with telecom operators who agreed to share message fees.

In December 2000, Ma changed the name of the software to QQ ("Q" and "QQ" used to stand for the word "cute").

After the AOL case, Ma decided to expand the business portfolio of Tencent.

2003

In 2003, Tencent released its own portal (QQ.com) and made forays into the online games market.

2004

By 2004, Tencent became the largest Chinese instant messaging service (holding 74 percent of the market), prompting Ma to list the company on the Hong Kong Stock Exchange.

After the company raised $200 million in June's IPO, Ma quickly became one of the richest people in China's telecom industry.

In 2004, Tencent launched an online gaming platform and started selling virtual seminal s to support the games published on that platform (weapons, gaming power), as well as emoticons and ringtones.

2005

At Ma's behest, Tencent launched in 2005 the C2C platform Paipai.com (拍拍网), a direct competitor to e-commerce giant Alibaba.

2007

In 2007, 2014, and 2018, Time magazine named him one of the world's most influential people, while in 2015, Forbes credited him as one of the world's most powerful people.

2009

In a 2009 interview with China Daily, he stated: "If I have seen further, it is by standing on the shoulders of giants", paraphrasing a quote attributed to Isaac Newton and referencing the similarities between ICQ and OICQ.

"We knew our product had a future, but at that time we just couldn't afford it."

In order to solve the problem, Ma applied for bank loans and even discussed selling the company.

Since Tencent's prized service OICQ was offered free of charge, the company looked to venture capitalists to finance its growing operational costs.

2010

Mimicking Microsoft, Ma created two competing teams of engineers in 2010 and charged them with creating a new product.

2011

After two months, one team presented an app for text messaging and group chat – WeChat – which launched in January 2011.

2012

Ma was a deputy to the Shenzhen Municipal People's Congress and a delegate in the 12th National People's Congress.

Being one of "Fortune world's greatest leaders", Ma is known for his low profile personality as compared to fellow Chinese businessman and Alibaba founder Jack Ma's outgoing personality.

Ma has been compared to famed American investor Warren Buffett for their similar investment approaches, and often described as an "aggressive acquisitor."

2017

In 2017, Fortune ranked him as among the top businessmen of the year.

In November 2017, his net worth briefly surpassed that of Larry Page and Sergey Brin (individually) ranking him the ninth richest man in the world, and the first citizen from China to enter Forbes' top 10 richest list, though the net worth of Page and of Brin have each since eclipsed that of Ma.

Ma was born in Chaoyang, Shantou, Guangdong.

When his father, Ma Chenshu (马陈术), got a job as a port manager in Shenzhen, the young Ma accompanied him.

2018

In 2018, he was named one of the "Most Powerful People In The World" by the CEOWORLD magazine.