Bachelor of Arts degree in English from Hangzhou Normal University
Occupations
Business magnate, investor, philanthropist, teacher
Known For
Co-founder of Alibaba Group
Other Ventures
Co-founder of Yunfeng Capital
Political Party
Chinese Communist Party
Spouse
Zhang Ying
Children
3
Notable Achievements
– Co-founded Alibaba Group, a multinational technology conglomerate – Co-founded Yunfeng Capital, a Chinese private equity firm – Ranked 50th wealthiest person in the world as of February 2024 with a net worth of $30.1 billion
Retirement Announcement
Announced retirement from Alibaba in September 2018 to focus on education, philanthropy, and environmental causes
Successor at Alibaba
Daniel Zhang succeeded him as executive chairman of Alibaba Group
Philanthropic Work
Supported underprivileged communities in China, Africa, Australia, and the Middle East; led Alibaba Group to top the 2021 China Charity List with a total cash donation of 3.22 billion yuan
Jack Ma’s Net Worth
Jack Ma’s net worth is approximately 25.8 billion USD.
Jack Ma Awards
Year
Award/Honor
2004
Top 10 Economic Personalities of the Year by China Central Television (CCTV)
2005
Selected as a “Young Global Leader” by the World Economic Forum
2005
Recognized as one of the “25 Most Powerful Businesspeople in Asia” by Fortune
2007
Named “Businessperson of the Year” by Businessweek
2008
Featured as one of the “World’s Best CEOs” by Barron’s
2009
Listed as one of the world’s 100 most powerful people by Time magazine
2009
Selected as one of China’s Most Powerful People by BusinessWeek
2009
Recognized as one of the Top 10 Most Respected Entrepreneurs in China by Forbes China
2009
Received CCTV Economic Person of the Year: Business Leaders of the Decade Award
2010
Named one of Asia’s Heroes of Philanthropy by Forbes Asia for his contribution to disaster relief and poverty
2013
Awarded an honorary doctoral degree by Hong Kong University of Science and Technology
2014
Ranked as the 30th-most-powerful person in the world by Forbes
2015
Honored with the Entrepreneur of the Year award by Asian Award
2015
Awarded an honorary doctorate in education from National Taiwan Normal University
2016
Conferred with the Chevalier of the French Legion of Honour by the French Minister of Foreign Affairs and International Development
2017
Ranked second on Fortune’s World’s 50 Greatest Leaders list
2017
Ranked third in global tech innovation visionary survey by KPMG
2017
Awarded an honorary degree of Doctor of Science in Technopreneurship from De La Salle University Manila, Philippines
2018
Awarded an honorary degree of Doctor of Social Sciences by the University of Hong Kong
2018
Received an honorary doctorate from Tel Aviv University
2019
Appointed as a new advocate for sustainable development goals by the Secretary-General of the United Nations
2020
Received a first-class medal from King Abdullah II for his contribution to fighting back against the COVID-19 pandemic
2020
To receive a Hilal e Quaid e Azam medal from the President of Pakistan for his contribution in fighting back against the COVID-19 pandemic
2023
Won the 2023 Confucius Education Award at the World Chinese Culture Festival (Tokyo)
