Jack Ma Net Worth

First Encounters the Internet

Working as an English teacher in Hangzhou, Ma visits the US and discovers the internet for the first time. This revelation sparks his entrepreneurial vision.

Founds Alibaba in Apartment

Launches Alibaba.com with 17 co-founders in his apartment with minimal capital. The B2B e-commerce platform targets small Chinese exporters seeking global buyers.

Launches Taobao Against eBay

Introduces consumer-to-consumer platform Taobao to compete with eBay China. The free model and local focus rapidly gain market share, establishing Alibaba's dominance.

Alibaba.com Hong Kong IPO

Takes Alibaba.com public in Hong Kong, raising $1.5 billion in what was then the largest internet IPO since Google. Ma becomes a billionaire overnight.

Record-Breaking NYSE IPO

Alibaba Group's $25 billion NYSE IPO becomes the largest in history. Ma's net worth soars to $25 billion, making him China's richest person and a global business icon.

Steps Down as Chairman

Retires from Alibaba on his 55th birthday to focus on philanthropy and education. Leaves behind a $500 billion empire and remains globally influential.

Government Crackdown After Critical Speech

After criticizing financial regulators, Ma faces intense government scrutiny. Ant Group's $37 billion IPO is suspended, and he disappears from public view for months, losing billions.

Returns to China, Reduced Role

Resurfaces in China after extended time abroad, with diminished influence over Alibaba. Regulatory pressures continue but he maintains significant wealth.

Focused on Philanthropy and Education

Continues philanthropic work through Jack Ma Foundation while maintaining distance from Alibaba operations. Remains an A-list figure but no longer the dominant force he once was.