Net Worth: $38.8 BAge: 55Country/Territory: ChinaSource: E-CommerceIndustries: Technology
A former English teacher, Jack Ma cofounded Alibaba Group, one of the world’s largest e-commerce businesses. In September 2019, Jack Ma stepped down as Alibaba’s executive chairman; he is succeeded by CEO Daniel Zhang. Its 2014 IPO in New York set a record as the world’s biggest public stock offering, raising $25 billion. Ma’s investments beyond Alibaba include stakes in Chinese entertainment industry firms Huayi Brothers and Beijing Enlight Media. During the coronavirus pandemic, his foundation donated millions of masks and other medical supplies to the U.S., Europe, and Africa.