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

blank
Siddharth Kekre
A passionate content creator by profession, automobile enthusiast by passion and coffee lover by choice.

Latest news

Are you planning to get away from the hustles of life and work? Want to spend some quality time...
Vacations are the best part of life which rejuvenates our soul and body. Working non-stop and taking all the...
India is land of diverse cultures and with so many unique places to visit but if you are an...
Waterfalls are an eternal beauty with a spectacular sight. The cascade of water flowing down from the mountains give...

You might also likeRELATED
Recommended to you