⬅ # 78 Alexey Mordashov|# 80 Gennady Timchenko

# 79 Jack Ma 

$24.6B

Real Time Net Worth
as of 6/24/2024
$104.8M (0.43%)

# 79 Jack Ma 

$24.6B

Real Time Net Worth
as of 6/24/2024
$104.8M (0.43%)
OccupationCofounder, Alibaba Group
Source of WealthAlibaba, e-commerce
Age59
ResidenceHangzhou, China
Marital StatusMarried
Children3
EducationBS, Hangzhou Teacher's Institute
Age-Adjusted Net Worth$26.3B
Jack Ma
Jack Ma
China
Net worth: $24.6B

Self-Made Score 

Wealth History

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Biography

Personal Information

Jack Ma Yun was born on September 10, 1964, in Hangzhou, Zhejiang.
He earned a Bachelor of Arts degree in English from Hangzhou Normal University in 1988.
Ma worked as an English and international trade lecturer at Hangzhou Dianzi University after graduation.
His interest in the internet industry emerged during the 1980s with the rise of software and personal-computer industries.

Early Life and Education

Ma struggled academically in his early years, taking two years to gain acceptance to an ordinary Chinese high school.
In 1982, he failed the Chinese college entrance exam but eventually gained admission to Hangzhou Normal University's Department of English.
Ma's academic performance improved, ranking among the top five students in the foreign language department.
He earned his Bachelor of Arts degree in English in 1988.

Entrepreneurial Journey

After graduation, Ma faced rejections in job applications, including a failed attempt at KFC.
In 1994, he founded Hangzhou Haibo Translation Agency, his first company.
In 1999, Ma co-founded Alibaba Group, initially as a B2B e-commerce marketplace website.
He played a key role in the establishment of Alibaba, securing foreign venture capital and expanding the company's presence.

Alibaba Group

Ma served as the executive chairman of Alibaba Group since 1999, overseeing major subsidiaries.
He initiated environmental protection projects, earmarking 0.3% of annual revenue for such causes.
Ma stepped down as CEO in 2013 but remained as the executive chairman.
In 2018, he announced stepping down as executive chairman to focus on philanthropy; Daniel Zhang succeeded him.

Recent Activities and Disappearance

Ma met with President-elect Donald Trump in 2017 to discuss job openings through Alibaba's expansion in the U.S.
He made a public appearance in January 2021 after a period of relative absence from public view.
Reports noted a lack of public appearances between October 2020 and January 2021, coinciding with a regulatory crackdown on his businesses.
In March 2023, Ma was spotted for the first time at the Yungu school in Hangzhou, China, after living a low-profile life in Tokyo.
In May 2023, Jack Ma became a Visiting Professor at Tokyo College, focusing on sustainable agriculture and entrepreneurship.
As of early 2024, Ma replaced SoftBank as Alibaba's largest shareholder.

How long would it take you to become as rich as Jack Ma?

If you started with $10,000 and invested an additional $500 each month at a 44.13% CAGR, it would take you 5 years to reach Jack Ma's net worth of $24.6B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.35% compared to 16.28% for the S&P 500 benchmark.

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Jack Ma is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Jack Ma, Alibaba and e-commerce are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey