Jack Ma Net Worth and Biography (updated 2023)

Jack Ma, Co-founder of Alibaba, is one of the world’s richest and most influential investors. Ma is famously known as the co-founder and former chairperson of the Alibaba Group. His net worth is  29.8 Billion USD.

Jack is the richest man in China as well as in the continent of Asia. Most of his net worth is derived from the Alibaba Group, which tumbles by billions every month. Ma runs other Chinese businesses in different parts of the world.

In this article, we will expound on Jack’s lifestyle, source of Income, and biography, among other details. Therefore, to get all-inclusive about Jack Ma, read the article until the end.

Jack Ma’s Net Worth

Unquestionably, Jack’s net worth is in the billions. His net worth sits at 29.8 Billion USD. The largest portion of his net worth is tied to the Alibaba Group, where he is the Co-founder. The Group income fluctuates tremendously every month.

Besides Alibaba Group, Jack is an investor and a businessman. He has invested heavily in different fields, and thus he has diverse sources of Income.

Let us summarize Jack’s net worth distribution in the past five years.

Year Net Worth
2023 29.8 Billion USD
2022 28.6 Billion USD
2021 26 Billion USD
2020 24.5 Billion USD
2019 21 Billion USD

Jack Ma Networth Graph

Early Life

Ma Yun, famously known as Jack Ma, has not had an amazing and memorable early life. Yun was born on September 10, 1964, in Hangzhou, Zhejiang, China. His father was a traditional storyteller and a musician. It was through his father that he developed an interest in learning English.

Due to his love of the English language, he began teaching himself and studying the language. He would visit Hangzhou International Hotel, where he conversed with an English speaker who visited the hotel.

At age 12, he bought his first radio, where he could listen to English channels. In 1982, Jack applied for college, failing the entrance examination. He tried securing college admission twice before he enrolled at Hangzhou Teachers College in 1984.

In 1988, Jack graduated with a bachelor’s degree in English. Immediately after graduating, he landed his first job at Hangzhou Dianzi University. During this time, he was paid $15 per month. Later in 1994, he founded his Company, Haibo Translation Agency.

Career Life

Jack Ma’s career began in 1988 when he graduated from Hangzhou Teachers College. His proficiency in English earned him a job immediately after he graduated. He was employed as an English teacher at Hangzhou Dianzi University for $15 monthly.

After 1993, he tried applying for jobs in different fields and companies, but he failed everywhere he applied to. After rejection by numerous companies, he decided to develop his own Company. In 1994, he founded the Hangzhou Haibo Translation Agency.

In 1995, he got a part-time as an interpreter for American and Chinese investors. His new job allowed him to travel to America and back to China. During one of his travels to America, Jack was introduced to the internet by his friend.

Jack and his friend created the first china-related website and launched it. The website thing was the greatest breakthrough in his career. After launching the website, many china investors yearned to know more about him.

Ma became famous and started creating websites for companies in China. In May 1995, he collaborated with a computer teacher, He Yibing, and launched the first office of China Pages. Now, Jack had two companies. They registered the website in American domain (chinapages.com). In three years, the website company generated more than $800,000.

From 1998 to 1999, Jack was the head of an Information Technology Company founded by the China International Electronic Commerce Center. In 1999, he quit the job and returned to his first Company, Hangzhou Haibo Translation Agency.

The same year, in 1999, Jack, alongside his team at Hangzhou Haibo Translation Agency, founded the Alibaba Group. The goal of Alibaba was to provide a China-based business-to-business marketplace site. Between October and January 2000, the Company received more than $25 million in foreign venture capital from Softbank and Goldman Sachs.

Alibaba Group

Alibaba is a giant Chinese e-commerce site. Jack Ma co-founded the empire alongside eighteen Hangzhou Haibo Translation Agency friends. He was the chair of the Group.

The Group comprises nine major subsidiaries: Alipay, AliExpress.com, 1688.com, Taobao Marketplace, Tmail, eTao, Alibaba Cloud Computing, and Juhuasuan. By October 1999 and January 2000, the Group had made more than $25 million.

In 2012, the transactions of the Group exceeded 1 trillion. In 2013, Jack stepped down as the CEO of the Group but remained the executive chair of the Group. In 2017, Ma met with the president of America, Donald Trump, had discussed potential ideas that favored the Group.

In 2018, Jack announced that he would quit as the Executive chair of the Group. However, he denied claims that the government of China forced him to quit the position. Daniel Zhang was to take the position of executive chair of Alibaba.

Today, Alibaba is one of the largest commerce sites in the world. The site is bigger than the size of eBay and Amazon combined. It has over 280 million active members from different countries in the world.

The Company has played a huge role in Jack’s life. Since its creation, Alibaba has been Jack’s Income’s primary source. In addition, the Group has transacted over $500 billion of goods to members from all parts of the world.

Jack Ma Foundation

Jack Ma is a philanthropist. He founded a philanthropic group, Jack Ma Foundation, which is focused on improving the environment, public health, and education. In 2008, the Jack Ma Foundation donated $808,000 to assist those affected by the Sichuan earthquake.

In 2009, through his foundation, he was appointed as the trustee of the Nature Conservancy of China. Later, he became one of the Directors of the organization. In 2015, the Jack Ma foundation came up with Alibaba Hong Kong Entrepreneurs Foundation. The foundation aimed to help and support young Hong Kong entrepreneurs.

In 2019, Jack announced his retirement from the Alibaba Group. He stepped down from his position as the Executive chair to focus on his Foundation, Jack Ma Foundation. Later in the same year, Forbes awarded his foundation for helping poor and underprivileged communities.

In 2020, Alibaba Foundation, where he was the executive chair, and the Jack Ma Foundation launched numerous strategies to ease the distress caused by Covid-19.

Entertainment Life

Besides business life, Jack is actively involved in the entertainment world. His Group and Foundation have been directly or indirectly involved in music or video productions. In 2017, Jack made his acting debut when he released a Kung Fu short clip.

Later, during Alibaba’s 18th Anniversary party, Jack performed dancing and singing. The anniversary party was to bring together all the stakeholders and mark a new beginning. In 2020, Jack was to act as the judge in the finale of Africa’s Business Heroes. However, due to a schedule conflict, he was replaced by Peng Lei.

Jack’s Monthly/Yearly salary and Income

With his net worth lying at billions, we can be sure that Jack Ma has several sources of Income. His current net worth sits at 29.8 Billion USD. He’s the co-founder of the largest commerce sites in the world, and thus he enjoys the benefits of the Company.

He has been the longest executive chairman of the Alibaba Group. Since he was among the co-founder of the Group, he bags more than a 7% stake in the Group. Since 1999, the Group has transacted more than $500 billion of goods.

Jack Ma also controls Ant Financial. The Ant Financial organization raises more than $70 billion from worldwide investors. In addition, he commands more than 70% of Cayman Island-based company shares.

Jack Ma controls $35 million shares out of the $3.2 billion set aside for SymAsia Foundation, a non-profit organization. Besides that, he owns shares in the Zheijang Ant Small % Micro Financial organization. Here, he secures more than 49% of the total shares of the organization.

Additionally, most of Jack’s Income comes from Alipay, an active subsidiary of Alibaba Group. Today, Alipay is worth more than $25 billion, and Jack bags more than $12 billion.

To sum up, Jack is an investor with never-ending income sources. He bags more than $0.3 billion monthly and $4 billion yearly.

Real Estate and Homes

Jack is a successful investor and has a handful of properties and homes. He owns several houses and properties in different parts of the world.

In France, he owns luxurious houses in Chateau de Sours (Bordeaux), Chateau Guerry (Cotes de Bourge), and Chateau Perranne in Bayes. In the year 2015, he purchased real estate in New York that is worth $23 million.

He also owns another estate known as Brandon Park. The estate sits on hundreds of acres of land. The park has more than 9 miles of Regis River, ponds, lakes, and forests.

He owns a stately house in Hong Kong. The luxurious house is estimated to be worth $193 million. The three-story house is located in Victoria Peak District. It has a harbor and a well-maintained garden.

To sum up, he owns other luxurious houses in China, where he resides. The worth of these houses is unknown to the public. However, since we know his net worth is beyond billions, we can be sure his buildings are worth millions.

Jack Ma Car Collection

Jack Ma is fond of purchasing the latest and high-class cars. With his net worth in billions, there’s no model of car he can’t purchase.

Let us look at Jack’s modest car collection:

  • BMW 760Li - $290,000
  • Mercedes-Maybach 62s - $500,000
  • Roewe SUV- $15,000
  • Range rover svautobiography – $237,000

Jack Ma Private Jet

By only looking at his net worth, we are not surprised to hear he owns a jet. Jack Ma is a busy man with a tight and flexible schedules; only a jet can support his busyness and schedule.

He owns a Gulfstream private jet that the Alibaba Group purchased. The Group spent more than $49.7 million to acquire the jet.

Awards and Honors

Jack Ma has won a handful of awards for his iconic performance in the business world. In 2007, Jack was awarded the Businessperson of the year. Later, in 2015, He was named the entrepreneur of the year in the Asian Awards.

Other Awards and honors won by Jack include:

  • Top 10 Economic Personalities of the Year- 2004
  • Young Global Leader- 2005
  • 25 Most Powerful Businessperson of the Year – 2007
  • World’s Best CEOs – 2008
  • World’s 100 Most Powerful People- 2009
  • China Most Powerful People – 2010
  • 30th Most Powerful Person – 2014
  • The honorary degree of Doctor of Social Sciences – 2018

Summary of Jack Ma Net Worth and Biography

Date of Birth September 10, 1964
Age  59
Gender Male
Net worth 29.8 Billion USD
Height 1.61 M
Weight 56 kgs
Profession Businessman, Investor, and Philanthropist
Nationality Chinese
Birth Place Hangzhou, China
Relationship Status Married
No of Children 3
Hair Color Dark Brown
Eye Color Black
Religion Buddhism
Zodiac sign Virgo

Frequently Asked Questions

1. What is the net worth of Jack Ma?

Unquestionably, Jack’s net worth is in the billions. His net worth sits at 29.8 Billion USD.

2. How old is Jack Ma?

Jack was born on September 10, 1964, in Hangzhou, Zhejiang, China. Currently, he’s 59 years old.

3. Who founded Alibaba?

In 1999, Jack Ma, alongside his team at Hangzhou Haibo Translation Agency, founded the Alibaba Group.

Final Thoughts

To sum up, Jack Ma is a Businessman, Investor, and Philanthropist among the top richest fellows in the world. Yun was born on September 10, 1964, in Hangzhou, Zhejiang, China, and today he’s 59 old.

He is the co-founder of the Alibaba Group and the Jack Ma Foundation. His net worth sits at 29.8 Billion USD. In addition, he bags more than 0.3 Billion USD monthly and 4 Billion USD yearly.

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