(CNN) He's 24 years old. He watches basketball games with Yao Ming. And on Tuesday, he became a billionaire. Eric Tse, who recently graduated from the University of Pennsylvania's prestigious Wharton School of Finance, was gifted about $3.88 billion in his family company's shares on Tuesday. The company statement said "he will endeavour not to participate in such rankings in his own name, and would recommend participating in such nominations in the name of the Tse Ping family."

Source: CNN October 24, 2019 06:56 UTC