Jack Ma

Jack Ma Yun is a Chinese business magnate, investor and philanthropist. He is the co-founder and former executive chairman of Alibaba Group, a multinational technology conglomerate. In addition, he co-founded Yunfeng Capital, a private equity firm. Ma is a strong proponent of an open and market-driven economy. In August 2014, according to the Bloomberg Billionaires Index, Jack Ma had a net worth of US$21.8 billion, making him the richest man in China. In 2017, Ma was ranked second in the annual "World's 50 Greatest Leaders" list by Fortune.[4] He has widely been considered as an informal global ambassador for Chinese business, and is an influential figure for the community of startup businesses.[5] In September 2018, he announced that he would retire from Alibaba and pursue educational work, philanthropy, and environmental causes; the following year, Daniel Zhang succeeded him as executive chairman. As of October 2021, with a net worth of $42.3 billion, Ma is the fourth-wealthiest pers