Bloomberg Billionaires Index

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

#455 Simon Xie $4.23B

Random fact: Enjoys reading "Daomu Biji," a novel series about tomb raiders.

Overview

Xie is a co-founder of Alibaba Group, China's biggest e-commerce company. The Hangzhou-based company operates websites including Taobao.com and Tmall, a platform for brands and retailers. Xie is also the second-biggest shareholder of Zhejiang Ant Small & Micro Financial Services, an Alibaba affiliate that owns online-payment service Alipay.

As of July 27, 2017:
Last change No change
YTD change No change
Industry Technology
Biggest asset Zhejiang Ant Small & Micro Financial Services Group Co.
Citizenship China
Age 46
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Simon Xie's net worth of $4.23B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
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of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Xie's wealth is derived from his 7 percent stake in Zhejiang Ant Small & Micro Financial Services Group, the closely held parent of Alipay.

Ant raised $4.5 billion from investors in a 2016 funding round, according to a Bloomberg News report on April 26, 2016. That transaction implies a valuation of $60 billion, and diluted Xie's interest in the unit to 7 percent from 8.2 percent.

Xie holds the stake through his 16.7 percent ownership of Hangzhou Junhan Equity Investment Partnership, which controls 42.3 percent of Ant Financial.

Biography

Birthdate: 7/1970
Family: Married, No children
Education: Bachelor's Degree, Engineering, Shenyang University of Technology

Xie Shihuang, who's also known as Simon Xie, was born in July 1970 to a blacksmith's family in Rui'an, a town near China's eastern coast. He graduated with a degree in financial management from Shenyang University of Technology in 1992. His first job was as a sales accountant at a state-owned company in Hangzhou, the hometown of Alibaba Chairman Jack Ma.

Xie worked at a telecommunications company, where he met Ma in 1996. He agreed to be a finance executive at Alibaba three years later.

Xie is the second-biggest individual shareholder of Zhejiang Ant Small & Micro Financial Services Group, the closely held parent company of Alipay, an online-payment company that's an affiliate of Alibaba. He's vice president of Alibaba's China investment team.

Milestones
  • 1970 Born in China's eastern county of Rui'an.
  • 1992 Graduates from Shenyang University of Technology.
  • 1996 Meets Jack Ma while working for a telecom business.
  • 1999 Joins Jack Ma's 12-member team to start Alibaba.com.
  • 2006 Marries a university lecturer.
  • 2007 Alibaba.com holds initial public offering in Hong Kong.
  • 2012 Delists the online retailer from the Hong Kong stock exchange.
  • 2014 Raises $25 billion in world's biggest initial public offering.
  • 2016 Alibaba acquires the South China Morning Post.