Jack Ma Net Worth

Jack Ma Net Worth

Jack Ma net worth

Current Net Worth$22.8 Billion (USD – 2,280 Crores), (Rupees – 1.76 Lakh Crores)

Jack Ma short biography

Net Worth$22.8 Billion
BornSeptember 10, 1964 (Age – 57)
Identified asFormer Executive Chairman & Co-Founder of Alibaba Group
StatusChinese Business Magnate
EducationHangzhou Teacher’s Institute, Bachelor of Arts/Science
ResidenceChina
NationalityHangzhou, China
Spousal statusMarried (Zhang Ying)
Children3
Jack Ma short biography

Jack Ma Yun has a net worth of $22.8 Billion (Rupees – 1,76,951 Crores), making him one of the top richest men in the world and China.

He is a Chinese business mogul, businessman, and philanthropist.

He is the co-founder and former executive chairman of Alibaba Group, a multinational technological corporation.

He also co-founded the private equity business Yunfeng Capital.

Alibaba’s initial public offering (IPO) in New York in 2014 broke the record for the world’s largest public stock offering, generating $25 billion.

He came in second place on Fortune’s annual “World’s 50 Greatest Leaders” list in 2017. He is widely regarded as an unofficial worldwide ambassador for Chinese industry, as well as a powerful player in the startup scene.

In September 2019, Alibaba’s executive chairman, Jack Ma, stepped down and was replaced by CEO Yong Zhang, also known as Daniel Zhang.

Ma is the third-wealthiest person in China, with a net worth of $51.5 billion as of April 2021, and one of the world’s wealthiest individuals, rated 26th by Bloomberg Billionaires Index.

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Jack Ma biography

Jack Ma (Image Source – Getty Images)
Full NameJack Ma Yun
BirthplaceHangzhou, Zhejiang, China
Height5.3 feet, 161 cm
Weight60 Kg
FatherMa Laifa
MotherCui Wencai
Jack Ma biography

Jack Ma was born on September 10, 1964, in the Chinese city of Hangzhou, in the province of Zhejiang, into a low-income household.

His parents were musicians and storytellers on occasion. He met Zhang Ying, also known as Cathy Zhang, a fellow student from the Hangzhou region, during university.

He announced his retirement from Alibaba in September 2018 to focus on educational work, charity, and environmental issues; Daniel Zhang took over as executive chairman the following year.

Jack Ma social media handles:

Education

Jack Ma struggled to attend college later in his life. He failed the Hangzhou Teachers College admission test twice since mathematics was his weak area.

Ma took three years to complete the Chinese admission examinations, which are held once a year. Ma earned a Bachelor of Arts in English from Hangzhou Teacher’s Institute (now known as Hangzhou Normal University) in 1988.

Ma was the president of the student council at her previous school. He went on to teach English and international commerce at Hangzhou Dianzi University after graduation.

He also claims to have applied to Harvard Business School ten times and been turned down each time.

Career

After graduating from Hangzhou Normal University in 1988, Ma tried for 30 different odd jobs and was rejected by each one.

Then he with his partners registered the domain chinapages.com in the United States on May 10, 1995. The firm produced 5,000,000 Renminbi in three years, which was comparable to $800,000 at the time.

Ma led the China International Electronic Commerce Center, a department of the Ministry of Foreign Trade and Economic Cooperation, in establishing an information technology firm from 1998 to 1999.

Alibaba said in September 2014 that it will raise about $25 billion in an initial public offering (IPO) on the New York Stock Exchange.

After obtaining the entire $25 billion in the largest initial public offering in US financial history, Alibaba became one of the most valuable technology firms in the world.

Ma made his acting debut in 2017 with Gong Shou Dao, a kung fu short film. It was shot in conjunction with Singles’ Day at the Double 11 Shopping Carnival. In the same year, he took part in a singing competition and danced at Alibaba’s 18th-anniversary celebration.

His tweet:

On Nov. 3, 2020, Hong Kong and Shanghai regulators blocked a proposed IPO of fintech firm Ant Group, in which Ma is the largest individual stakeholder.

Between October 2020 and January 2021, Ma made no public appearances, which coincided with a regulatory crackdown on his enterprises, according to news reports.

Some thought that Ma could have been kidnapped, while others suggested that he might be hiding out willingly. Ma had another public appearance on January 20, 2021, when she spoke to a group of rural teachers via video connection at the annual Rural Teacher Initiative.

He was spotted golfing in February 2021 at the Sun Valley Golf Resort on the Chinese island of Hainan.

Aside from Alibaba, Ma has an interest in Huayi Brothers, a Chinese media and entertainment firm.

Jack Ma company’s social media handles:

Private & early life

Zhang Ying was married shortly after graduation in 1988, and in addition to working as a Chinese teacher, Zhang was active in the early development of Ma’s businesses and became general manager of the main firm until 2004.

Ma Yuankun (Jerry Ma) was born in 1992, and the couple has three children: a boy, Ma Yuankun, a daughter, Ma Yuanbao, and a third kid.

At an early age, he began learning English by interacting with English speakers at Hangzhou International Hotel. Ma would ride his bicycle 27 kilometers (17 miles) to offer tourists tours of the region to improve his English for nine years.

He became pen buddies with one of the foreigners, who dubbed him “Jack” since his Chinese name was difficult to say.

Awards

YearAward
2004Top 10 Economic Personalities of the Year
2005One of the “25 Most Powerful Businesspeople in Asia”
2007Businessperson of the Year
2008One of the 30 “World’s Best CEOs”
2009One of China’s Most Powerful People
2010One of Asia’s Heroes of Philanthropy
2013Honorary doctoral degree by the Hong Kong University of Science and Technology
2014Ranked as the 30th-most-powerful person in the world
2015Asian Award honored him with the Entrepreneur of the Year award
2017He was ranked second on its World’s 50 Greatest Leaders list.
2018The honorary degree of Doctor of Social Sciences
2020Hilal I Quaid I Azam Medal
Jack Ma Awards

Net worth statistics

  • March 2012 – $2.7 B
  • March 2013 – $3.4 B
  • March 2014 – $10.0 B
  • March 2015 – $22.7 B
  • March 2016 – $20.5 B
  • March 2017 – $28.3 B
  • March 2018 – $39.0 B
  • March 2019 – $37.3 B
  • April 2020 – $38.8 B
  • April 2021 – $48.4 B
  • April 2022 – $22.8 B

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