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Alibaba chairman Jack Ma has reportedly laid out 1.5 billion Hong Kong dollars (£123 million, $193 million) for Hong Kong’s most expensive home.
According to the South China Morning Post, Ma paid 151,653 Hong Kong dollars (£12,528, $19,553) per square foot for a 9,000-square-foot, three-story mansion on Hong Kong's Victoria Peak.
That's 313,397 Hong Kong dollars (£25,893, $40,408) for every square meter, making it one of the world's most expensive homes on a price-per-square-meter basis.
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Ma is yet to officially confirm he is the owner of 22 Barker Road, which was last sold to former PCCW deputy chairman Francis Yuen Tin-fan and his wife, Hang Seng Bank CEO Rose Lee Wai-mun, in 2000 for 163.5 million Hong Kong dollars.
The home boasts a 20,000-square-foot garden and 270-degree views of Victoria Harbour, which sounds like great thinking space for Ma, whose personal fortune declined an additional $1.02 billion on Wednesday.
Here's the view from the peak:
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The company Ma holds a 6.2% stake in, Alibaba Group Holding Ltd, on Thursday dropped to its lowest level since going public in September.
Ma, 50, is still in healthy shape financially, though. His worth slid 2.4% to $42 billion as Alibaba stock dropped by 5.1%.
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