Jack Ma To Retire From Alibaba’s Executive Chairman After 20 Years With A $42 Billion Fortune

Jack Ma steps down as Alibaba’s Chairman, according to reports by NDTV, leaving $ 42 billion fortune.

jack ma
Via: The Economic Times

Business magnate, politician, philanthropist and investor, Jack Ma built the E-Commerce site Alibaba from scratch, out of his small apartment.
The 55-year-old former English teacher went on to become China’s E-Commerce Moghul, making his company China’s largest company, amassing a $41.8 billion fortune.

Jack Ma
Via: Fortune

Alibaba had been instrumental in making China the second-largest economy of the world!

Jack Ma
Via: CNBC.com

Jack was also declared the richest man of Asia back in 2016, though Reliance Industries Ltd. owner, Mukesh Ambani took over now, having a fortune of $47.4 billion.

Jack Ma and Mukesh Ambani

We wish all the very best to Jack Ma and just want to say that your impelling journey will keep inspiring the coming generations!

“Opportunities lie in a place where complaints are!”                                                                                                                              – Jack Ma

Pragati Palhttps://www.stackumbrella.com
I am an Engineer by degree and a creative content writer by profession. I am an avid reader and Sarcasm is my forte.

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