Joseph Tsai

Forbes - - THE WORLD’S BILLIONAIRES -

BIG­GEST GAINER: A Cana­dian cit­i­zen based in Hong Kong, Tsai saw his net worth soar 67% over the past year, thanks to a jump in the shares of Chi­nese e-com­merce gi­ant Al­ibaba. The group’s co­founder and ex­ec­u­tive vice chair­man re­port­edly agreed in Oc­to­ber to buy 49% of the Brook­lyn Nets bas­ket­ball team from Rus­sian bil­lion­aire Mikhail Prokhorov. Forbes val­ues the team at $2.3 bil­lion.

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