Jack Ma, one of the richest men in the world, returns after allegedly going “missing” for months. Jack Ma Net Worth Here are all the latest updates from TGC.
Alibaba Founder’s Jack Ma Net Worth
Jack Ma is well known internationally for being the mastermind behind Alibaba and its affiliate the Ant Group, the former being one of the largest e-commerce and retail websites in China, while the latter (previously known as Ant Financial and Alipay) being the largest Chinese digital payment platform. With such an impressive tech empire, Ma is deemed one of the richest men in the world, second richest in China, and ranked 20th according to Forbes. As of now, Jack Ma Net Worth is estimated to be around $58.3 billion USD.
Jack Ma “Missing”?
Chinese billionaire Jack Ma was allegedly reported missing after going AWOL for several months. This absence came after the Chinese government cracked down on Alibaba and Ant Group accusing them of monopolistic practices. However, on Wednesday, a Chinese news agency Tianmu News reported Ma’s re-appearance in a virtual meeting with around 100 rural teachers in China during the Rural Teachers Award Ceremony.
In October of last year, Ma publicly criticized the Chinese government attacking their finance system. He claimed, “Mortgages and guarantees are for a pawnshop, but if we go to extremes in relying solely on collateral assets, certain enterprises will pledge all of their assets, and the pressure [for them] is enormous.” The Chinese government promptly retaliated by accusing the two tech giants of antitrust due to monopolistic practices.
A month later, a $34 billion initial public offering (IPO) by Alibaba and Ant Group was suspended by the Shanghai Stock Exchange. It is reported that President Xi Jinping himself gave the word to prohibit this IPO.
Stay tuned with Global Coverage for more updates.
