Jack Ma is a well-known Chinese business magnate and philanthropist.
He co-founded the Alibaba Group and served as its executive chairman.
He also founded the investment firm Yunfeng Capital. Ma is a staunch proponent of an open market economy.
Read on to learn more about the billionaire. To get a better understanding of his success, let’s first take a look at his age and family.
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Jack Ma bio
Alibaba founder Jack Ma is now 57 years old. Jack Ma’s birth date is 10 September 1964.
He was born in Hangzhou, Zhejiang Province. According to Forbes, he is one of the world’s richest people.
His net worth is $41.1 billion US dollars. His parents were storytellers and musicians.
In fact, they were both devoted to learning English. They would drive 45 minutes each way to a nearby inn to meet foreigners.
These foreigners would converse with Jack Ma and offer free tours of the city.
After completing his studies, Ma found a job teaching English. He was turned down by Harvard Business School ten times.
His family supported him by paying him to give tours to tourists in Hangzhou.
His mother, Zhang Ying, encouraged him to work hard and become successful.
Jack also started his first company, Hangzhou Haibo Translation Agency, in 1994.
In 1995, he became a pen pal with a foreigner who couldn’t pronounce his Chinese name.
Jack Ma business
As founder of Alibaba, Jack Ma is one of the most successful and visible businesspeople.
He was often seen on TV, in interviews, and at conferences. He gave advice at the World Economic Forum in 2017.
While most successful businesspeople are private, Ma was also visible.
In his early days, Ma was a poor and unemployed youth. He was rejected by dozens of companies, but succeeded with Alibaba.
He was a popular speaker and entrepreneur, and is widely recognized for his business acumen.
However, a recent clampdown on Alibaba Group Holding Ltd. prompted the Chinese government to investigate Alibaba’s financial practices.
According to Forbes, Ma’s business empire is worth just half what it was worth nine months ago.
The Chinese government seized some of Mr Ma’s assets, and fined him in the process.
Since then, however, he has kept a low profile, and his business is still growing.
However, a number of Reddit commentators are claiming that the government is using his actions against him.
Jack Ma wife
Jack Ma married his wife, Cathy Zhang, in the late 1980s. The couple met at college and were married in 1989.
Their three children, Ma Yuanbao, Jerry, and Cathy, are the result of the union.
Cathy Ma was born in China in 1952 and is 5 feet 5 inches tall. She has black hair and dark eyes.
Her husband and their son recently graduated from the University of California in Berkeley.
The Ma family’s name is a Chinese version of the English word for “jam”, which means “to play”.
The couple is proud of their children and own an Alsatian named Apollo.
In the early years, ZHANG Ying was the Commissar of Alibaba. After becoming the General Manager, she mainly focuses on taking care of the couple’s two children.
Jack Ma also raised one finger when answering her question about Alibaba’s earnings.
She later stepped down from her position in the company to devote herself to her family.
During the early days of Alibaba, Jack Ma and his wife were earning about a million yuan ($160 000) a day.
Jack Ma family
The Alibaba Group’s founder and executive chairman, Jack Ma Yun, is a philanthropist and business magnate from China.
The entrepreneur is also a co-founder of Yunfeng Capital. He is a proponent of a market-driven, open economy.
In addition to Alibaba, his family has been involved in a wide variety of charitable activities. However, they are best known for their contributions to charity.
The Ma’s family consists of two sons, one daughter and a sister. Ma Yun was born and raised in Hangzhou, southern China.
At an early age, his family struggled to find jobs. After failing the Chinese entrance exam at age fourteen, Ma Yun attended the Hangzhou Teacher’s Institute.
He graduated with a Bachelor of Arts in English in 1988. His college experience included serving as head of the student council, teaching English at Hangzhou Dianzi University.
As a student, he held various positions at Hangzhou Dianzi University, and he landed a lectureship. After graduating, Ma Yun applied for over 30 jobs.
Jack net worth
Jack Ma net worth is $50.1 billion.