Professional Documents
Culture Documents
$48.2B
as of 4/24/21
$48.4B
A former English teacher, Jack Ma cofounded Alibaba Group, one of the
world's largest e-commerce businesses.
On Nov. 3, 2020 regulators halted a planned IPO of fintech giant Ant
Group-where Ma is the largest individual shareholder-in Hong Kong and
Shanghai.
In September 2019, Jack Ma stepped down as Alibaba's executive
chairman and was succeeded by CEO Yong Zhang, also known as Daniel
Zhang.
Ma's investments beyond Alibaba include a stake in Chinese media and
entertainment company Huayi Brothers.
Alibaba's 2014 IPO in New York set a record as the world's biggest
public stock offering, raising $25 billion.
Reference: https://www.forbes.com/profile/jack-ma/?list=billionaires&sh=7d5ff7cc1ee4