|Celebrity Name:||Jack Ma|
|Birth Name:||Ma Yun|
|Birth Date:||September 10, 1964|
|Birth Place:||Hangzhou, Zhejiang, China.|
|Profession:||Business magnate ; Investor ; Politician|
|Spouse (Name):||Zhang Ting|
|Children:||3 (Ma Yuankun and 2 others unknown)|
|Last Updated :||March, 2020|
Jack Ma is popularly known as one of the world’s richest billionaires with a currently huge net worth of $38.3 billion as of March 2020. By profession, Jack Ma is a business tycoon, an investor, and a politician. Jack Ma is the co-founder and former executive chairman of Alibaba Group, a conglomeration of technology driven businesses with branches in several countries all over the world. Currently, Jack Ma is aged 55 years old. Jack Ma’s physical statistics are: height – 1.52m, and weight – 56kg. In the rest of this article, we will be sharing with you all you would like to know about, concerning Jack Ma net worth, biography and many more.
Jack Ma Early Life and Background
Jack Ma’s birth name is Ma Yun. He was born on the 10th of September, 1964 in Hangzhou, Zhejiang, China. He got the name “Jack” as a nickname from a foreign tourist. Growing up, Jack Ma was far from being born with a silver spoon. He struggled to attend college as he worked harder to pass his Chinese entrance examinations. For his higher education, Jack Ma went to Hangzhou Teacher’s Institute where he graduated with a Bachelor of Arts degree in English in 1988. Thereafter, he worked as an English teacher.
Jack Ma Career Life
The major highlight of Jack Ma’s career is his establishment, Alibaba. Jack Ma founded Alibaba in his apartment with the help of 18 friends. The company began to progress, and attracted an influx of investors so much that, from October 1998 and January 2000, Alibaba had achieved a total of $25 million foreign venture capital investment.
In September 2009, Jack Ma relieved himself from being the executive chairman of the company and handed over to Daniel Zhang.
Jack Ma Personal Life and Relationships
Jack Ma is known to be one of the most generous philanthropists in the world. He established the Jack Ma Foundation so as to improve the quality of education, environment and public health all over the world. He also gives back to the society through his non-profit organization “Alibaba Hong Kong Young Entrepreneurs Foundation”. The essence of this foundation is to support young entrepreneurs in their business aspirations.
Jack Ma is currently married to his wife, Zhang Ting and the marriage is blessed with three children.
Jack Ma Awards and Achievements
Jack Ma is a recipient of numerous awards, accolades, recognitions and achievements. First, Jack Ma was recognized as one of the “Top 10 Economic Personalities of the Year” by China Central Television (CCTV). The following year, Jack Ma was honored by the World Economic Forum as a “Young Global Leader” in September 2005. In the same year, Jack Ma was also recognized by Fortune as one of the “25 Most Powerful Businessperson in Asia”. Two years later, Jack Ma received the “Businessperson of the Year” from Businessweek, in 2007. Businessweek has also selected Jack Ma as one of the Most Powerful People in China.
In addition, Jack Ma was recognized as one of the 30 “World’s Best CEOs” as reported by Barron’s in 2008. As a result of Jack Ma’s philanthropy and contribution to mankind, he was chosen by Forbes Asia as one “Asia’s Heroes of Philanthropy”. Among many other numerous awards, Jack Ma has also received the 2015 Asian Award for Entrepreneur of the Year.
Jack Ma Net Worth
As reported by Forbes, Jack Ma net worth is $38.3 billion as at today 24th of March, 2020. According to Forbes List, Jack Ma is ranked No. 1 on the Forbes China List of the Rich 2019, making him the richest man in the most populous country of the world. Furthermore, he is ranked No. 21 on the Forbes List of Billionaires 2019 and also No. 21 on the Forbes List of the most Powerful People 2018. In addition, Jack Ma’s immense net worth made him No. 7 on the Forbes List of the Richest in Tech 2017.
The source of Jack Ma net worth is his business ventures in e-commerce with a 6.3% stake in Alibaba Group Holdings which is approximately 160 million shares. Jack Ma further owns stakes in different companies; some of which include eTao, Taobao Market, AliExpress.com, 1688.com, Tmall, and Alibaba Cloud Computing amongst others.
Jack Ma net worth also comprises of mind-blowing luxurious assets. Jack Ma owns a $193 million Hong Kong bungalow in Hong Kong, China. Still in Hong Kong, he owns a $38 million penthouse. Furthermore, his real estate also includes a $23 million New York asset in Adirondacks. Jack Ma’s real estate spread all over the world as he further owns one of the finest lands in Bordeaux, France. The asset spreads across more than 85 hectares and houses an 18th century castle.
Furthermore, Jack Ma net worth definitely comprises of the world’s most expensive autos. Jack Ma’s luxurious cars includes: a $493,000 Mercedes Benz Maybach 62S, a $290,000 BMW 760Li, a Roewe RX5 SUV which can be purchased at a minimum of $22,266, and many more. The king of Jack Ma’s autos is his $61.5 million Gulfstream 550 private jet.
In conclusion, you should know that Jack Ma is a self made billionaire who had worked his way from the bottom of economic ladder and become one of the giants controlling the world’s riches today. Despite going through a tough early life, he persisted, and finally amassed such a massive net worth to show for. Jack Ma is truly a business celebrity whom every young aspiring entrepreneur should emulate. We hope you have learnt a lot from this article regarding Jack Ma net worth, biography and achievements so far.