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PROFILEJack Ma$23.6B$41M (0.17%)
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as of 12/19/24Reflects change since 5 pm ET of prior trading day.#82 in the world todayPhoto by Marlene Awaad/Bloomberg
- 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.
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 & Companies





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Alibaba Group Holding is selling its stake in Chinese department store chain Intime for 7.4 billion yuan ($1 billion), which will lead to record losses of 9.3 billion yuan. ByYue WangSenior ContributorApr 10, 2024Alibaba Billionaire Jack Ma Returns To Spotlight, Praises Company Leaders Amid Massive Restructuring
Ma, one of China’s wealthiest people, said Alibaba had made “countless mistakes” in the past and would probably make more in the future, praising the company’s leaders for their bravery in overhauling the business. ByRobert HartForbes StaffFeb 22, 2024Alibaba Cofounder Jack Ma’s Wife Bought $37 Million Worth Of Property In Singapore, Report Says
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He was responding to employees’ discussions on how PDD Holdings may soon overtake Alibaba in terms of market capitalization.ByYue WangSenior ContributorNov 17, 2023Alibaba 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, 2023Jack Ma’s Alibaba Group Looks Ahead With Business Split, Reshuffle At Top
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Ma, formerly China’s richest person, has largely disappeared from public life since criticizing Beijing’s regulators in 2020. ByRobert HartForbes StaffMay 3, 2023Alibaba Founder Jack Ma Returns To Public Life In Universities Outside Of Mainland China — SCMP
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Ma has almost completely disappeared from public view after Chinese regulators shut down his fintech company Ant Group’s IPO in late 2020.BySiladitya RayForbes StaffJan 20, 2023Billionaire Jack Ma Reportedly Visits Hong Kong As Regulatory Pressure Eases In Mainland China
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, 2023Jack 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, 2022Elusive Chinese Billionaire Jack Ma Living In Tokyo, Report Says
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, 2022Alibaba’s Jack Ma Stays At No. 5 On China’s 100 Richest 2022 Despite A Drop In Wealth
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