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
Via: BIZTECHINDIA

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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