Where is Jack Ma now? What happened to him?
by A Maria
Updated Mar 31, 2023
Who is Jack Ma Yun?
Jack Ma Yun is a prominent Chinese entrepreneur, investor, and humanitarian who co-founded the multinational technology conglomerate Alibaba Group, as well as the Chinese private equity firm Yunfeng Capital. In 2017, Fortune magazine ranked him second on their annual list of the "World's 50 Greatest Leaders." Ma has reportedly become an enthusiastic art collector and has been painting watercolors to pass the time. Some close to him have said that he used his time in Japan to expand his business interests beyond e-commerce and into the field of sustainability. While Ma showed interest in expanding his business in India during a 2015 visit to the country to meet Prime Minister Narendra Modi.
Where is Jack Ma now?
The billionaire who managed to keep away from the public eye since November 2020 is said to be in Bangkok these days. In recent news, Jack Ma, the founder of Alibaba Group, has been attracting significant attention following the announcement that he will be relinquishing control of the Chinese fintech giant, Ant Group. The company declared in a statement on Friday that no single shareholder or group of shareholders will hold a controlling stake in the company after the adjustment. Previously, Ma had possessed more than 50% of the voting rights in the company, but as a result of the adjustment, his ownership share will drop to 6.2% as per indiatoday.
For over two years, the Chinese billionaire and founder of e-commerce giant Alibaba has managed to avoid public scrutiny. Reports surfaced earlier in July 2021 that he was touring through Europe and was in Tokyo, Japan.
What happened to Jack Ma?
According to sources close to Ma, he has been making regular trips to the United States and Israel and was spotted on the Spanish island of Mallorca last year. Jack Ma, the founder of Alibaba, was born into poverty but rose to become one of China's wealthiest individuals. However, Ma no longer lives in his home country, and recent reports suggest that he is with his family. In the past few months, he has reportedly traveled to numerous countries, not just China. In 2019, Ma announced his retirement and expressed a desire to pass away at a beach rather than at his work desk.
What is Jack Ma doing now?
Following Beijing's crackdown on the technology sector, Ma disappeared from public view. Once regarded as the top leader of China's tech sector and co-founder of Alibaba Group Holding Ltd, Ma gave up his stake in his business empire. His status as an emerging tech oligarch was seen as a threat by the Chinese leadership, who initiated a far-reaching crackdown on China's thriving private sector. Ma's criticism of government regulations created a rift between the entrepreneur and the government and caused the initial public offering (IPO) of Ant Group Co., an affiliate company that Ma founded and was part of the Alibaba empire, to be derailed.
Jack Ma career
Ma, in his autobiographical speech, shared that he faced numerous job rejections after graduating from Hangzhou Normal University in 1988, despite applying for 31 different entry-level jobs. Even KFC rejected him, with 23 out of 24 candidates getting selected. However, in 1994, he stumbled upon the Internet and started his first company, Hangzhou Haibo Translation Agency, an online Chinese translation agency. He went to the US in early 1995 and found that there was a lack of information related to China on the Internet. So, he created a website related to Chinese beer. Within three hours, he received emails from potential Chinese investors. This experience made him realize the vast potential of the Internet. In April 1995, Ma and his partner He Yibing opened the first office for China Pages, and they registered the domain chinapages.com in the US on May 10, 1995.
How much is Jack Ma net worth?
Jack Ma is a prominent Chinese entrepreneur and investor with a net worth of $34 billion. He gained widespread recognition as the co-founder and previous executive chairman of the global conglomerate, Alibaba Group. At certain points in time, he has held the title of the wealthiest individual in China and the wealthiest person in Asia.
Jack Ma Biography
SPECIFICATIONS
DETAILS
DOB
10 September 1964
Age
58
Place of birth
Hangzhou, Zhejiang, China
Education
Hangzhou Normal University (BA)
Occupations
Known for
Co-founder of Alibaba Group
Title
Co-founder of Yunfeng Capital
Political party
Chinese Communist Party
Spouse
Zhang Ying
Jack Ma nowadays - FAQs
Jack Ma Yun is a Chinese entrepreneur, investor, and humanitarian. He is the co-founder of Alibaba Group, one of the world's largest technology conglomerates, as well as the Chinese private equity firm Yunfeng Capital.
According to the Bloomberg Billionaires Index as of January 2023, Jack Ma has a net worth of $34.1 billion, which makes him the fifth-richest individual in China and the 34th wealthiest person globally.
Jack Ma was born in Hangzhou, China in 1964. He was trained as an English teacher and worked as one for several years before starting his career in business.
Alibaba Group is a multinational conglomerate based in China that specializes in e-commerce, retail, and technology. It was co-founded by Jack Ma in 1999 and has since grown to become one of the world's largest companies, with operations in over 200 countries and regions.
Yunfeng Capital is a Chinese private equity firm that was co-founded by Jack Ma. It focuses on investments in the technology, healthcare, and consumer sectors, among others.