Jack Ma Net Worth
Jack Ma is the founder and chairman of Alibaba Group, China’s biggest e-commerce company. He born in Hangzhou in China. He failed multiple times in school and college entrance exams. At the age of 24, he completed B.A and started working as an English teacher at Hangzhou Dianzi University, his monthly salary was $12 at that time in 1988. Later he applied for 30 jobs, including KFC and police force, but was rejected by all of them. At 31, he started a Website Development Company in his apartment, called “China Yellow Pages”. And then at 35, he started alibaba.com and raised it to $5 Million Cr, funding from Goldman Sachs. Now in 2016 the revenue of Alibaba group was $22.96 Billion. And in 2017 Jack Ma net worth is $39.1 Billions.
He has a house 16-1 Lakeside Gardens, in Hangzhou, China which has six room apartment from where he started Alibaba and all new products are still developed here. A Branksome Crest Penthouse in Hong Kong worth of $38 million which has 7,000 sq ft. He has a Bungalow at Victoria Peak in Hong Kong worth of $193 million. He has Land at Adirondacks in New York worth of $23 million which is 28,100 acre property. He also has a Wine Estate, Bordeaux Vineyard in France which is 85 hectare property includes an 18th century castle. Alibaba’s Headquarter is in Hangzhou, China, has 54 acre with basketball court, Starbucks, TV studio, Gym and 14,000 employees are working there.
He has a nice car collection in which there is a BMW 760Li worth of $290,000, a Maybach 62S worth of $492,602, a Roewe RX5 SUV (Internet Car) worth of $22,266, are there in his collection. He also has a Gulf-stream 550 private jet worth of $61.5 million which is 19 seater high speed aircraft, and has a conference room.
He did many other investments in different business like he invested $805 million in Alibaba Pictures which is one of the largest Chinese film company. He invested $262 million in South China Morning Post which is an English language newspaper in Hong Kong. Pay-Tm is an Indian electronic payment and eCommerce company and Jack invested $575 million in this company. He also invested $460 million in Yum China KFC, it is the same KFC where he was rejected for job.
He is also a philanthropist. He donated $2.36 billion in 2014, $47 million to environmental fund, and $26 million to University of Newcastle. He has also pledged to donate most of his wealth to charity by the time, he did approximately $25.12 billion in his life, and it is increasing continuously. Now, he is the richest person in China and 21st richest in the world with the net worth of $39.1 Billion.
|Full Name||Ma Yun|
|Date Of Birth||September 10, 1964|
|Birth Place||Hangzhou, Zheijang|
|Education||Hangzhou Normal University.|
|Children||One Son, One Daughter|
|Source Of Wealth||Internet, Business and Company|