Tencent shares have doubled so far this year and the group, founded by Pony Ma, has a stock market capitalization of 470 billion dollars.
People today would rather subscribe to services than pony up the cash to own products.
Pony Park Makeup Artist Park, known online as Pony, is one of the top-viewed YouTubers from Korea.
The listing pushes Mr Wang ahead of Pony Ma, Tencent's chief executive, on the country's rich list.
Jack Ma and his family's total wealth in IT industry was 195 billion yuan, followed by Tencent Holdings founder Pony Ma, whose wealth increased by 30% year-on-year to 134 billion yuan.
Pony Ma, founder and CEO of Tencent, said at a press conference that his company hopes to energize and revitalize traditional culture through new media.
Pony Ma, Tencent's chairman, said that as of March, when the company began imposing user fees, operating losses from WeChat Pay were "brought under control".
This colorful grilled cheese looks like it belongs in a My Little Pony show, but it's actually a real treat that's all the rage in Hong Kong.
Pony Ma, who is founder and chief executive of Tencent Holdings, plans to cash in 100m company shares to make the donation to the Tencent Foundation, which gives money to healthcare, education and environmental protection in China, the company said yesterday.
This prompts a portion of them to pony up.
25 million renovation, Tad Dekko's 146-acre Pony Up ranch outside Vail, Colo.
