Jack Ma - Forbes

PROFILEJack Ma$23.6B$41M (0.17%)

Real Time Net Worth

as of 12/19/24Reflects change since 5 pm ET of prior trading day.#82 in the world todayPhoto by Marlene Awaad/Bloombergprofile image for Jack MaFrom the Editor
  • A former English teacher, Jack Ma cofounded Alibaba Group, now one of the world's largest e-commerce businesses, in 1999.
  • The former high-flying billionaire stepped down as Alibaba's executive chairman in 2019.
  • After approximately a year overseas, Ma returned to China in 2023 just as Alibaba unveiled a plan to split itself into six businesses.
  • But that overhaul now appears to be on hold after the company walked back from the IPO plans of its Cainiao logistics unit and cloud computing arm.
  • Ma remains a spiritual leader, and often encourages employees to innovate and change at a time of heightened market competition. 
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Forbes Lists

#8China's 100 Richest (2024)#81Billionaires (2024)#21Powerful People (2018)#7Richest In Tech (2017)Global Game Changers (2016)More ListsPersonal StatsAge60Source of WealthE-commerce, Self MadeResidenceHangzhou, ChinaCitizenshipChinaMarital StatusMarriedEducationBachelor of Arts/Science, Hangzhou Teacher's InstituteDid you knowMa owns a vineyard in France.Ma is a fan of martial arts and has sparred against Jet Li and others in a short promotional film.Related People & CompaniesJeff BezosJeff BezosView ProfileAlibaba GroupAlibaba GroupHolds stake in Alibaba GroupView ProfileChinaChinaCitizen of ChinaView ProfileJerry YangJerry YangBusiness PartnerView ProfileYTO Express GroupYTO Express GroupHolds stake in YTO Express GroupView ProfileJason JiangJason JiangRelated by financial asset: Huayi Brothers Media CorpView ProfileSee MoreSee Less

More on Forbes

Dec 17, 2024

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Alibaba Billionaire Jack Ma Returns To Spotlight, Praises Company Leaders Amid Massive Restructuring

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Alibaba Cofounder Jack Ma’s Wife Bought $37 Million Worth Of Property In Singapore, Report Says

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Alibaba Loses $21 Billion In Market Value After Suspending Cloud Unit IPO And Jack Ma Sells Shares

Alibaba Group stunned investors when it announced that it would suspend the listing plan of its cloud computing unit, while also revealing that cofounder Jack Ma intends to sell some of his shares. ByYue WangSenior ContributorNov 8, 2023

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Alibaba Founder Jack Ma Returns To Public Life In Universities Outside Of Mainland China — SCMP

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Billionaire Jack Ma Returns To China To Visit Private School In Hangzhou

Jack Ma has finally returned to mainland China after spending more than a year traveling abroad, just as authorities have begun to show signs of easing their crackdown on the internet sector and issued supportive messages to private entrepreneurs. ByYue WangSenior ContributorFeb 24, 2023

Jack Ma Loses His $3 Billion Gain As Investors Worry About Alibaba’s Growth Outlook

Jack Ma's wealth gain for the year all but evaporated, after Alibaba’s stock was dragged lower on renewed worries over the company’s growth prospects.ByYue WangSenior ContributorFeb 20, 2023

Elusive Chinese Billionaire Jack Ma Spotted In Australia, Report Says

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Jack Ma, the cofounder of Chinese e-commerce giant Alibaba, is said be in Hong Kong to meet friends and finance executives, the Hong Kong Economic Times (HKET) reported on Friday, citing anonymous sources.ByYue WangSenior ContributorJan 4, 2023

Jack Ma’s Ant Group Gets Regulatory Nod For $1.5 Billion Capital Increase Plan

Chinese billionaire Jack Ma’s Ant Group won regulatory approval to boost the registered capital of its consumer finance unit by 10.5 billion yuan, a move suggesting progress in the fintech giant’s efforts to restructure its operations to satisfy authorities’ demands. ByYue WangSenior ContributorNov 29, 2022

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The Alibaba Group cofounder has been laying low for the last two years amid the Chinese government’s crackdown on industry.ByDerek SaulForbes StaffNov 9, 2022

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E-Commerce Giant Alibaba Sells Intime Luxury Store Chain At Big LossAlibaba Billionaire Jack Ma Returns To Spotlight, Praises Company Leaders Amid Massive RestructuringAlibaba Cofounder Jack Ma’s Wife Bought $37 Million Worth Of Property In Singapore, Report Says

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