Jack Ma Net Worth: $28 billion
Jack Ma, also known as Yun Ma, is the founder and CEO of the Alibaba group of companies. He was born in Hangzhou, Zhejiang, China and graduated from Hangzhou Teacher’s College with a degree in English in the late 80s. His journey to riches began in 1995 when he went to the US and had his first encounter with the Internet. He discovered the lack of information from China to be disturbing. This led to the creation of his first company “China Yellow Pages,” and paved the way for his fortune. He later quit the above and with his original team, created the Alibaba group of companies. Over the last 15 years, the company has gained recognition and has become the largest e-commerce site in the world. Upon combining his income from his companies, we arrive at the approximate value of $28 billion as Jack Ma’s total net worth.
How did Jack Ma make his money?
Calculating Jack Ma’s net worth shows that there are two major companies contributing to his wealth:
- Jack Ma is the owner of 6.4% of Alibaba Group, which accounts for 160 million shares. These shares amount to around $15 billion. He also controls an additional 35 million shares, worth $3 billion, that have been set aside for a non-profit organization.
- In addition, he owns 48.5% of a company that is the Chinese counterpart of Paypal, adding $12 billion to his net worth.
Jack Ma is the owner of properties that have a combined worth of about $28 billion. This makes him the 18th richest man in the world.