Jack Ma Net Worth 2017: Short Bio & Wiki

How rich is Jack Ma?

Jack Ma net worth is
$27.1 Billion

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Jack Ma Net Worth, Biography & Wiki 2017

Jack Ma was born on 15 October 1964, in Hangzhou China, and is best known through being the founder and executive chairman of the Alibaba Group, a conglomerate of highly successful internet-based businesses. In 2015, Forbes magazine rated Jack as the 33rd richest person in the world, and the second richest in China – discounting Hong Kong.

So just how rich is Jack Ma? Forbes estimates that Jack’s net worth is over $27.1 billion, most of his wealth having been accumulated from his entrepreneurial activities through the above-mentioned Group.

Jack Ma Net Worth $27.1 Billion

Jack Ma is certainly a self-made billionaire. He was born into a very modest family – his parents were simple musicians-storytellers – but Jack possibly helped himself inadvertently by deciding to learn English at an early age, practicing with foreigners as he guided them around the city. However, he apparently failed university entrance exams three times, before eventually attending Hangzhou Teacher’s Institute ( Hangzhou Normal University) and graduating in 1988 with a BA degree in English, as well as being elected student chairman. Jack then lectured in English and International Trade at the Hangzhou Dianzi University, before attending Cheung Kong Graduate School of Business (CKGSB) in Beijing, founded in 2002 by Hong Kong billionaire Li Ka-shing, graduating in 2006.

In the meantime, Jack Ma discovered the internet, and borrowed $20,000 to start a company called Yellow Pages in 1995, building websites for Chinese companies, with the help of friends in the US, and within three years earned close to $1 million, clearly a large boost to Jack Ma’s net worth. From 1998 to 1999, Ma headed an information technology company established by the China International Electronic Commerce Center, a department of the Ministry of Foreign Trade and Economic Cooperation, but then with a group of friends he founded Alibaba, a new source of venture development. The program improved the domestic e-commerce market, and built a competitive e-commerce platform for Chinese enterprises, especially SMEs. Ma’s aim was to improve the entire e-commerce system, and since 2003, he has founded Taobao, Alipay, Ali Mama, and lynx etc. So successful was Taobao, that eBay offered to purchase it, but Ma received support to maintain it from Yahoo’s co-founder Jerry Yang, with a $1 billion investment. These developments considerably enhanced both Jack Ma’s reputation and his net worth.

Subsequently, in 2014 Alibaba became one of the most valuable tech companies in the world after raising $25 billion from its float on the NYSE, with Jack Ma now serving as Executive Chairman of the Group which is a holding company with nine major subsidiaries. This is quite an achievement for someone who states that he had never used a computer until he was 33 years old.

In his private life, Jack Ma married Zhang Ying in 1988, and they have a son and a daughter. An active philanthropist, Jack sits on the board of the Breakthrough Prize in Life Sciences with fellow billionaires Mark Zuckerberg and Yuri Milner.

Quick Facts

Birth date: September 10, 1964
Birth place: Hangzhou, China
Profession:CEO, Entrepreneur, Teacher, Businessperson
Education:Cheung Kong Graduate School of Business in Beijing (CKGSB), Hangzhou Teacher's Institute ( Hangzhou Normal University)
Nationality:Chinese
Spouse:Zhang Ying (m. 1988-)
Children:Ma Yuankun
imdb.com/name/nm6494780
en.wikipedia.org/wiki/Jack_Ma


Interesting Facts

#Fact
1Also known as Mrs. Montagu Barstow.
2Gave birth to her only child at age 33, a son John Montague Orczy-Barstow on February 25, 1899. Child's father is her then husband, Montagu Barstow.
3The language she wrote in, English, was not her mother tongue, rather, it was her third language - she had been exiled from her native land as a girl.
4Her most famous work, "The Scarlet Pimpernel", was written as a play in 1904.
5The name Orczy is pronounced Ort-zee.


Filmography

Writer

Writer

TitleYearStatusCharacter
The Scarlet PimpernelTV Series books - 5 episodes, 1999 - 2000 novel - 1 episode, 1999
The Scarlet Pimpernel1982TV Movie novels "The Scarlet Pimpernel" and "Eldorado" - as Baroness Orczy
The Rivals of Sherlock HolmesTV Series short story - 1 episode, 1973 story - 1 episode, 1971
Novela1966TV Series 1 episode
Biblioteca di Studio Uno1964TV Mini-Series novel - 1 episode
The DuPont Show of the Month1960TV Series novel "The Scarlet Pimpernel" - 1 episode
The Scarlet Pimpernel1956TV Series novel - 18 episodes
BBC Sunday-Night Theatre1950-1955TV Series novel - 3 episodes
The Fighting Pimpernel1950romance - as Baroness Orczy
Pimpernel Svensson1950novel "The Scarlet Pimpernel" - uncredited
'Pimpernel' Smith1941novel "The Scarlet Pimpernel" - uncredited
The Return of the Scarlet Pimpernel1937novel - as Baroness Orczy
The Emperor's Candlesticks1937book - as Baroness Orczy
Spy of Napoleon1936novel - as Baroness Orczy
Die Leuchter des Kaisers1936novel
The Scarlet Pimpernel1934by - as The Baroness Orczy / play - uncredited / scenario, continuity & dialogue - uncredited
A Moorland Tragedy1933Short stories "Man in the Corner" - as Baroness Orczy
The Scarlet Daredevil1928novel
Two Lovers1928novel "Leatherface: A Tale of Old Flanders"
The Affair at the Novelty Theatre1924Short story
The Brighton Mystery1924Short story
The Hocussing of Cigarette1924Short story
The Kensington Mystery1924Short story
The Mystery of Brudenell Court1924Short story
The Mystery of Dogstooth Cliff1924Short story
The Mystery of the Khaki Tunic1924Short story
The Northern Mystery1924Short story
The Regent's Park Mystery1924Short story
The Tragedy at Barnsdale Manor1924Short story
The Tremarne Case1924Short story
The York Mystery1924Short story
Swords and the Woman1923novel
The Elusive Pimpernel1919novel
The Scarlet Pimpernel1917novel
The Laughing Cavalier1917
Beau Brocade1916novel

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