How much is Jack Ma’s Net worth?
|Net Worth in 2024
|Hangzhou, Zhejiang, China
|September 10, 1964
|58 years old (as of 2024)
|Entrepreneur, Investor, and Philanthropist
Who is Jack Ma? Biography, Net Worth, Income, Career
57-year-old Jack Ma was born on September 10, 1964, is a Chinese entrepreneur and investor well known as the co-founder and former executive chairman of the multinational technology company, Alibaba Group. As of 2024, Jack Ma’s net worth is estimated at $28 billion.
At present, Jack is considered among the richest person in China as well as the richest person on the continent of Asia. According to Forbes ranking, he is considered among the list of “World’s Most Powerful People.”
Jack is a global ambassador for Chinese businesses who serves as a role model for fresh businesses. In 2017, he ranked second in the list of “World’s 50 Greatest Leaders” by the business magazine, Fortune.
In 2018, he has taken retirement from Alibaba Group to pursue educational work and philanthropy. So, Daniel Zhang was appointed as executive chairman of Alibaba.
With a net worth of around $48.2 billion, Jack Ma became the second-wealthiest person in China just after Ma Huateng. At the same time, he is considered among the wealthiest people in the world by Forbes.
Jack was born on 10 September 1964 in Hangzhou, Zhejiang, China. His birth name is Ma Yun.
After graduating with a Bachelor of Arts in English, he started to do a lectureship in English and international trade at Hangzhou Dianzi University.
MA also applied to Harvard Business School ten times but was rejected every time.
But how does all this fame and popularity convert into cold hard cash?
What sort of worth does this popular entrepreneur make?
So, let’s dive deep to find out Jack Ma‘s net worth and how much this business tycoon made his fortune.
Jack Ma‘s Net Worth & Salary
Jack Ma‘s Net Worth:
This Chinese businessman and investor have a net worth of $28 billion as of 2024. Ma owns multile online businesses. In his initial stage, he faced much rejection and got used to being told he was not good enough at work.
Jack Ma‘s Net Worth in 2020:
Today, with the huge net worth Jack has proven them wrong.
How Much Jack Ma’s Net Worth Raised in 2024?
During his initial career, Jack has faced numerous rejections.
However when he applied for the KFC job then he was the only one who was rejected among 24 candidates.
After that, he applied ten times to Harvard University and was rejected each time.
In 1995, when he heard about the internet, he started to take interest in the internet and noticed that China’s web appearances were a little lacking in some areas as compared to other countries.
As a result, he began to work on his first website with his friends. Even he successfully searched the people who were ready to invest in his website. Then what, the site was very successful.
In the end, Jack Ma founded Alibaba in 1999. Since then, Alibaba became the most successful and biggest marketplace in China. As a result, Jack Ma turned into one of the world’s richest people.
Ma invested huge money around the world. He owns Côtes de Bordeaux, Château Perenne, Château Guerry, and Château de Sours. All these properties are in France.
Moreover, Ma invested around $23 million in a sprawling piece of real estate located in New York.
Similarly, one of his properties called Brandon Park is made up of many acres of land.
Jack Ma Wife, Girlfriend & Kids
Jack met his wife Zhang Ying while studying at university. In the 1980s, they get married and were blessed with three children.
Jack Ma, the Billionaire Suspected Missing
Chinese billionaire, and Alibaba founder, Jack Ma has not made any public appearance since October 24, 2020 (more than 2 months) according to Yahoo Finance report.
Even, he did not come in the final episode of his own talent show, Africa’s Business Heroes, as scheduled.
The show gives the chance to African entrepreneurs to compete for $1.5 million.
Ma was replaced by Alibaba executive in November final, according to UK’s Telegraph reported. Even, his picture was also taken off the website.
According to a Yahoo Finance report, his disappearance comes after he called for economic reforms in his speech in Shanghai on October 24, 2020.
Ma said,” Today’s financial system is the legacy of the Industrial Age,” He added,” “We must set up a new one for the next generation and young people. We must reform the current system.”
Jack Ma on Twitter
He has a huge fan following on his Twitter account. He has more than 673.3K Followers on his Twitter profile.
People Love to Know
Jack Ma’s Net worth in 2019 was estimated at $38.2 billion.
Jack Ma has a height of 4 ft 11 inches or 153 cm tall.
Being born on 10 September 1964, Robert Herjavec is 58 years old as of today’s date 4th Jan 2023.
Jack Ma’s real name is Ma Yun and he was born in Hangzhou, Zhejiang Province, China, on 15 September 1964.
Jack is of Chinese (Asian) descent and holds a Chinese nationality.
Source of information