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Jack Ma, or Ma Yun (Chinese: 马云; [mà y̌n]; born 10 September 1964), is a Chinese business magnate, investor and politician. He is the co-founder and former executive chairman of Alibaba Group, a multinational technology conglomerate. Ma is a strong proponent of an open and market-driven economy.
A prominent business leader, Ma is seen as a global ambassador for Chinese business and as such is frequently listed as one of the world's most powerful people, with Forbes ranking him 21st on its "World's Most Powerful People" list. He also serves as a role model for startup businesses. In 2017, Ma was ranked second in the annual "World's 50 Greatest Leaders" list by Fortune. 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 March 2020, Ma is the wealthiest person in China, with a net worth of $42.3 billion, as well as one of the wealthiest people in the world, ranked 20th by Bloomberg Billionaires Index and Forbes. In 2019, Forbes named Ma in its list of "Asia’s 2019 Heroes of Philanthropy" for his work supporting underprivileged communities in China, Africa, Australia, and the Middle East.
Last Updated: March 14, 2020