Jack Ma Net Worth 2023 | Biography


Hello readers, today, in this article, we will discuss the Net Worth of Jack Ma in 2023. He is a Chinese businessman, investor, politician, and philanthropist.

In this article, apart from his Net Worth, we will also discuss his early life, career, inspirational quotes, and much more.

Before bouncing off the article, don’t forget to watch Jack Ma’s lifestyle video at the end of this article.

Jack Ma Net Worth 2023 | Biography

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Jack Ma is an executive chairman and the co-founder of Alibaba Group, which is a multinational technology conglomerate. He is one of the richest men in China, as well as one of the wealthiest people in the world.

Jack is a global ambassador for Chinese businesses. He is listed as one of the world’s most powerful people by Forbes. He also serves as a role model for a startup business.

On 10 September 2018, he takes retirement from Alibaba and pursues educational work.

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Jack Ma Early Life

Jack Ma was born on 10 September 1964, according to the Chinese calendar in Hangzhou, Zhejiang, China.

He started studying English at a young age by conversing with English speakers at Hangzhou International Hotel. He rides 70 miles on his bicycle to practice his English for nine years.

Later Jack has to struggle for attending college as Chinese entrance exams are held only once a year, and it four years for him to pass that.

Jack attended Hangzhou Teacher’s Institute and graduated in 1981 with a B.A. in English. After graduation, he becomes a lecturer in English.

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Jack Ma Career

Early Career

There was a time when he applied for 30 different jobs and got rejected by all. Once, he applied for a job at KFC when it comes to their city. 24 people applied for this job, out of which 23 are selected, and he is the only one who got rejected. Moreover, he applied 10 times to Harvard Business School and got rejected.

In 1994 he heard about the internet. Then in early 1995, he went to the United States with his friends who introduce him to the internet. Jack found information related to beer from many countries on the internet. However, he was surprised to find none from China. Then he tried to find some general information about China, but he finds nothing.

Jack and his friends create an ugly and unprofessional website related to China. They launched the site at 9.40 AM, and by 12.30 PM, he starts receiving an email from some  Chinese investors wishing to know about him. This was the time when he realized that the internet has something great to offer.

In April 1995, jack, his wife Cathy, and his friend raised US$20K and started their first company. Moreover, their website created a website for other companies and named their website China Pages. Within three years, their company made 5,000,000 Chinese Yuan, which is equal to US$800,000.

Jack started building a website for Chinese companies with the help of his friends in the U.S.S. At a conference in 2010, he revealed that he never wrote a single line of code nor made one sale to the customer.

John acquired a computer for the first time at the age of 33.

Finding Alibaba Group

From 1998 to 1999, Jack Ma managed an IT company established by the China International Electronic Commerce Center. After some time in 1999, he quit and returned to Hangzhou with his team to found Alibaba, a China-based business-to-business marketplace site

From October 1999 to January 2000, Alibaba won a total of $25 million in foreign venture capital investment. Moreover, the program was expected to improve the domestic e-commerce market for Chinese enterprises.

In September 2015, he raised over $25 billion in an initial public offering (IPO) on the New York Stock Exchange. Moreover, with this, Alibaba became one of the most valuable technology companies in the world.

On 9 January 2017, he met United States President Donald Trump at the Trump Tower to discuss a potential 1 million job openings in the following five years through Alibaba’s interest in the country. Then on 8 September 2017, to celebrate Alibaba’s 18th year of establishment, he performed on a stage and gave a  Michael-Jackson-inspired performance.

In the same month, Jack also partnered with Sir Li Ka-Shing in a joint venture to offer a digital wallet service in Hong Kong.

Entertainment Career

Jack made his acting debut in 2017 with the kung fu short film Gong Shou Dao. In the same year, he also participated in a singing festival and danced during Alibaba’s 18th-anniversary party.

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Jack Ma Inspirational Quotes

If you don’t Give Up, You still have a Chance. Giving up is the Greatest Failure.

Life is so short, so beautiful. Don’t be so serious about work. Enjoy life.

Never Give up. Today is hard, Tomorrow will be worse, but the day after tomorrow will be sunshine.

If you have never tried, how will you ever know if there’s any chance?

Jack Ma Personal Life

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He met his better half, Cathy Zhang when he was studying at Hangzhou University. He married her shortly after graduating in 1980. Jack is blessed with two kids, a son Ma Yuankun and a daughter Ma Yuanbao.

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Jack Ma Social Media

What Is the Updated Net Worth Of Jack Ma in 2023?

Jack Ma is one of the richest people in China, as well as one of the wealthiest people in the world. Moreover, he is also one of the most influential people in China.

The updated Net Worth of Jack Ma in 2020 is $24.9 billion. Moreover, most of his income comes from his various businesses and the personal investment he made.

Name Jack Ma
Profession Businessman, Investor, and Philanthropist
Net Worth (2023) $24.9 Billion
Source of Income Business Venture and Personal Investments
Last Updated 2023

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