![Alibaba Group Chairman and Billionaire Jack Ma Speaks At Event Alibaba Group Chairman and Billionaire Jack Ma Speaks At Event](https://api.time.com/wp-content/uploads/2015/03/jack-ma-biz-t100.jpg?quality=85&w=2400)
Jack Ma may not be the richest man in all of China, but he at least owns the most expensive home.
According to a report in The South China Morning Post, it is rumored that Ma has bought a A 9,890-square-feet luxury house in Hong Kong for a jaw-dropping $193 million. The seller of the home is Francis Yuen Tin-fan, the former deputy chairman of PCCW and ex-chief executive of Hong Kong Exchanges and Clearing.
The report says that on a per-square-foot basis, the home at house at 22 Barker Road on The Peak is the second-most expensive home in the world.
Publicly available images don’t seem to justify the price tag, at least from the outside:
In June, the Alibaba chairman bought a a 28,100-acre property in New York’s Adirondacks for $23 Million.
More Must-Reads from TIME
- Why Biden Dropped Out
- Ukraine’s Plan to Survive Trump
- The Rise of a New Kind of Parenting Guru
- The Chaos and Commotion of the RNC in Photos
- Why We All Have a Stake in Twisters’ Success
- 8 Eating Habits That Actually Improve Your Sleep
- Welcome to the Noah Lyles Olympics
- Get Our Paris Olympics Newsletter in Your Inbox
Contact us at letters@time.com