Ma Huateng is a business mogul, a pioneer, an engineer, a humanitarian, and an investor. Huateng holds the positions of chairman, originator, and CEO of Asia’s most invaluable corporation and also one of the biggest internet and technology firms internationally Tencent.
In this piece, we aim to present the narrative of Ma Huateng, also acknowledged as Pony Ma, a Chinese baron of business, engineer, internet and technology, and philanthropist.
Early Life of Ma Huateng
Ma Huateng was born in Chaoyang, China, on the 29th of October 1971. When his father, Ma Chenshu, secured a position as a port manager in Shenzhen, near Hong Kong, the young Ma accompanied him. Huateng began his education at Shenzhen University in 1989 and then graduated in 1993 with a Bachelor of Science degree in computer science.
Ma Huateng’s Career
Ma Huateng’s initial employment was with China Motion Telecom Development. He purportedly earned $176 per month. Concurrently, he contributed to the research and development of internet calling services at the Shenzhen Runxun Communications CO Ltd.
Huateng proceeded to co-establish Tencent in 1998. The company’s maiden product materialized after Ma took part in a presentation for the ICQ, the world’s inaugural internet instant messaging service, established in 1996 by an Israeli company.
In 2009, Ma, in an interview with China Daily, quoted:
“If I have seen further, it is by standing on the shoulders of giants; we knew our product had a future, but at that time, we just couldn’t afford it.”
In 2000, Ma joined the US investment firm IDC and Hong Kong’s telecom carrier Pacific Century CyberWorks who acquired 40% of the Tencent shares for $2.2 million. Additionally, the company derived 80% of its income from deals struck with Telecom operators who agreed to share the message fees.
By 1998, Ma Huateng, together with four friends, laid the groundwork for the company ‘Tencent,’ which initially received funding from venture capitalists. For the inception of the first product, Ma recalled witnessing the launch of ‘ICQ,’ the world’s pioneering instant-messaging service.
Awards and Accomplishments of Ma Huateng
Ma Huateng has been honored in various instances by prestigious publications. He was featured on the list of most influential people in the world by ‘Time’ in 2007, 2014, and 2018. ‘Forbes’ presented him on their list of the most powerful people in the world in 2015. Moreover, ‘Fortune’ has listed him among the top businessmen in the world in 2017.
Ma’s net worth stands at approximately $51.1 billion as of March 2018, making him the wealthiest individual in China and the 14th wealthiest globally.
Family & Personal Life of Ma Huateng
Ma Huateng is married to Wang Dan-ting and has a daughter named Ma Manlin.
Ma leads a very simple personal life and does not like to communicate with the media. He has often been compared with Chinese businessman Jack Ma, but unlike the extroverted Jack, Ma Huateng is media-shy.
Ma Huateng is also called “Ma Pony” by his companions, as his Chinese name translates to “horse” in English. Ma also operates a charitable foundation that he has established on his own. In 2016, he gave $2 billion to his charity.
Net Worth of Ma Huateng
As of 2021 records, the net worth of Tencent CEO Ma Huateng is estimated at around 59.1 billion USD.
Engaging Insights About Tencent CEO Ma Huateng:
Ma Huateng is an influential figure in business, with many little-known facets. Here are a few intriguing facts about Ma Huateng.
1. He is the Most Prosperous Man in China
Ma Huateng is presently the wealthiest individual in China and the 14th richest globally, with an estimated personal net worth of $59.1 billion.
2. His Name is Translated as ‘Pony’
Huateng’s Chinese name translates to “horse” in English. Its actual translation from Mandarin to English is Pony, earning him the nickname Pony Ma.
3. His Company Name Also Has a Horse Theme
When Ma founded his instant messaging service, he named his company Tencent as a play on the Mandarin characters Teng and Xun, where Teng means galloping and Xun means message. Together, they imply a galloping message.
4. He Met His Wife Through His Own Chat Service
Despite assisting millions worldwide through his chat service, Huateng also found personal fulfillment through it, as he met his wife through the same platform.
5. He Granted Stocks to His Charitable Foundation
In 2016, Ma Huateng gave $2 billion worth of shares from Tencent to his charitable foundation, but this did not affect his personal net worth.
6. He Has a Personal Interest in Astronomy
Huateng is deeply captivated by astronomy and has invested in startups exploring extra-terrestrial resource mining.
7. He is Conscious of Gaming Addiction in Young People
When concerns arose around gaming addiction, Huateng took measures to limit young people’s playing time on certain games developed by Tencent.
8. He Manages Art and Buys Real Estate
Beyond business, Huateng invests substantially in real estate and maintains an impressive collection of art.
9. His Personal Life is a Mystery
Despite his prominence, Huateng maintains a private personal life, evoking mystery and speculation.
Ma Huateng is indeed a formidable business figure, a true source of inspiration for many. We hope this piece has provided a comprehensive understanding of his life.