Networth: 24 Billion
Country: China
Industry: Technology
A former English teacher, Jack Ma cofounded Alibaba Group, one of the world's largest e-commerce businesses.On Nov. 3, 2020 regulators halted a planned IPO of fintech giant Ant Group-where Ma is the largest individual shareholder-in Hong Kong and Shanghai.In September 2019, Jack Ma stepped down as Alibaba's executive chairman and was succeeded by CEO Yong Zhang, also known as Daniel Zhang.Ma's investments beyond Alibaba include a stake in Chinese media and entertainment company Huayi Brothers.Alibaba's 2014 IPO in New York set a record as the world's biggest public stock offering, raising $25 billion.
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