Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

#14 Jack Ma $46.2B

Random fact: Founded an online martial arts school with action star Jet Li.


Ma founded Alibaba Group, China's biggest e-commerce company. The Hangzhou-based company operates businesses including Taobao, an online shopping site, and Tmall, a platform for companies to open online stores. The group has more than 400 million active buyers. Ma also owns a stake in online payment service Alipay.

As of Oct. 22, 2017:
Last change -$93.7M (-0.2%)
YTD change +$12.9B (+38.6%)
Industry Technology
Biggest asset BABA US Equity
Citizenship China
Age 53
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Jack Ma's net worth of $46.2B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Ma's wealth is derived from his stakes in Alibaba Group Holdings and its online payment service Alipay, which is owned by closely held Zhejiang Ant Small & Micro Financial Services Group.

Ant Financial raised $4.5 billion from investors in a 2016 funding round, according to an April 26, 2016 Bloomberg News report, which implies a valuation of $60 billion. This analysis uses the latest funding round, though more recent reports suggest the valuation could be as high as $75 billion. Ma controls Ant Financial through two China-based holding companies, Jun Han and Jun Ao, which own 42 percent and 34 percent of Ant Financial respectively, according to Alibaba's 2016 annual report.

Alibaba Group reported in its 2016 annual report that Ma intends to continue reducing his stake in Ant Financial to no more than 8.8 percent. The dilution began in September 2014 and was expected to take three to five years. Ma had a 48.5 percent stake in Ant Financial in September 2014, according to a Bloomberg report.

The stake used in this analysis was reduced from 35.4 percent to 28.6 percent on Sept. 8, 2017. This reflects the assumption that Ma has completed half of the intended dilution.

Ma also owns 6 percent of Alibaba, China's largest e-commerce company, according to the company's annual report ended March 31, 2017. He holds the shares directly and through holding companies, including APN, a Cayman Islands-based company in which Ma has a 70 percent interest. Pledged shares held through APN are included in the calculation because the shares are pledged for a liquidity event payment that may not become due.

Bob Christie, an Alibaba spokesman, declined to comment on Ma's wealth.


Birthdate: 9/10/1964
Family: Married, 1 child
Education: 2013, Hong Kong University of Science & Technology/The, PhD 1988, Hangzhou Teachers University, English, Bachelor's Degree

Jack Ma was born in September 1964 to Chinese traditional musician-storytellers living in Hangzhou, an ancient capital that’s also a global high-tech hub and bastion of entrepreneurship.

Ma taught himself English at age 12 and offered free guided tours, practicing his English with U.S. visitors and listening to Voice of America broadcasts. He applied for college, failing the entrance exam twice before enrolling at Hangzhou Teachers College. He graduated and his first job paid him $15 a month for three years.

His proficiency in English enabled him to get a part-time job in 1995 as an interpreter for Chinese and American businessmen. He encountered his first computer and the internet during a visit to a friend's house in Seattle. With the help of friends, he created a home page for his translation business the next day and received five responses.

Ma returned to China and started China Pages, a business that established websites for small businesses. He then took a government job where he met a first-time visitor to China, Jerry Yang, the co-founder of Yahoo. By 1999, Ma started, a business-to-business marketplace, backed by $60,000 from 18 co-founders. reached 1 million users in 2002. He decided to replicate the success with China's consumers by building, a retail site, followed by an online payment platform called Alipay.

To help build the business, Ma sought an internet search engine partner and was contacted by Yang. They struck a deal whereby Yahoo bought a 40 percent stake in closely held Alibaba Group for $1 billion. Friction followed as Yahoo's business was being eroded by the ascendency of Google, while Alibaba dominated China's e-commerce sphere. Ma tried and failed to buy back the stake from Yahoo, and even considered buying Yahoo outright.

The relationship soured further. In order to secure an operating license for online payments, Ma transferred Alipay from Alibaba Group to a closely held company under his control in May 2011. Yahoo said Ma's spinoff was done without the approval of Alibaba's board, which then included Jerry Yang, and diluted Yahoo's investment. Ma said Chinese regulators would balk at approving the license because foreign investors owned Alibaba. The parties settled in July 2011. After months of talks, Ma agreed in May 2012 to pay Yahoo $7.1 billion for its 20 percent stake in Alibaba, plus royalties for as long as four years.

Alipay has more than 800 million registered users. Its mobile application has 190 million active users and handles 45 million transactions a day, the company said in October 2014.

Ma stepped down as Alibaba Group CEO on May 10, 2013. He remains chairman. Alibaba's initial public offering in September 2014 was the biggest in the world. He said in the interview that he's not happy being China's richest man, and would someday return to teaching.

  • 1964 Jack Ma is born in Hangzhou, China.
  • 1988 Graduates from Hangzhou Teachers College.
  • 1995 Encounters his first computer during a visit to Seattle.
  • 1999 Raises $60,000 to start
  • 2005 Yahoo buys a 40 percent stake in Alibaba Group for $1 billion.
  • 2007 holds initial public offering in Hong Kong.
  • 2012 Delists the online retailer from the Hong Kong stock exchange.
  • 2013 Retires as Alibaba Group CEO, remains as chairman.
  • 2014 Raises $25 billion in world's biggest initial public offering.
  • 2015 Alibaba acquires the South China Morning Post.