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▷▷ 2021 ▷ Jack Ma’s net worth surpasses $ 36 billion (updated for 2020)

5 julio, 2021

Jack Ma is someone whose name has been mentioned more and more in the West as of late. This is because he is the co-founder of Alibaba Group, which is a large Chinese multinational that specializes in technology products and services. Because of this, Ma is one of the richest men in China with an estimated net worth of more than $ 36 billion, which in turn makes him one of the richest men in the entire world.

Ma was born in Hangzhou in 1964. By context, Hangzhou has been one of the most prosperous cities in China for some time, as it is the southern end of the Grand Canal that has played such an important role in facilitating domestic trade in China. country. Meanwhile, it is important to note that this means that Ma grew up in the 1960s and 1970s, which means that he would have lived through the Cultural Revolution. Suffice it to say that this was a very unpleasant moment in Chinese politics, and the consequences were by no means limited to the highest levels of Chinese leadership.

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Net worth $ 36 billion
Name Jack Ma
Age 55
Was born Hangzhou
Date of birth September 10, 1964
Richness’ fountain Chinese business magnate, investor and politician
Country porcelain

Regardless, Ma became interested in English while still in school. For example, you would practice your English by speaking to the people who were staying at the Hangzhou International Hotel. In addition, he traveled 70 miles to give tours to interested people, which included the man who ended up calling him Jack because he found it difficult to pronounce Ma’s Chinese name. Eventually, Ma graduated from the Hangzhou Institute of Teachers with a BA in English.

How did Jack Ma reach his current net worth?

In those days, Mom had a hard time finding a job. For example, he has related an anecdote when he applied for a job at the new KFC that was opening in Hangzhou, resulting in him being the only 24 person who did not get a position. Finally, some of his friends introduced him to the Internet in the 1990s, which in turn led him, his wife, and their friend to start a business specializing in creating Chinese websites for interested companies. However, that was not Alibaba. Instead, he and 18 of his friends started a business-to-business market from their apartment in 1999, which would become the tech titan that exists today.

For the West, Alibaba began to gain widespread awareness in 2014, which was when it held its initial public offering on the New York Stock Exchange. There, it raised the $ 25 billion it was seeking, thus making it one of the largest tech companies in the world. Since then, Alibaba has continued to be incredibly successful, not least because it is driven by the growing consumer market in China. As proof, consider how Singles Day in China has overtaken Black Friday in the United States and much of the rest of the English-speaking world, which has been helped by Alibaba’s efforts to expand its business.

Final thoughts

In short, the source of Ma’s wealth shouldn’t be a mystery. After all, he has led the business he helped co-found to become one of the largest and most powerful corporations on the entire planet, which means he has managed to reap a lot of benefits in the process. Furthermore, it seems likely that he will continue to reap the benefits for the foreseeable future despite the fact that he will soon step down as CEO of the Alibaba Group.

That said, it’s fun to note that Ma also has some interest in the entertainment industries. For example, he has been known to perform live at Alibaba events, a particularly famous example being his Michael Jackson-inspired performance at the event held to celebrate the corporation’s 18th anniversary. However, the most famous example is the kung fu short film that he made himself together with several high-profile celebrities. While the short film was certainly what one can call interesting due to its rather curious nature, people probably shouldn’t expect that Ma will suddenly start making a great deal of money from her efforts in this regard in the future.

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