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Jack Ma

Jack Ma, or Ma Yun (Chinese: 马云; [mà y̌n]; born 10 September 1964), is a Chinese business magnate, investor and philanthropist. He is the co-founder and former executive chairman of Alibaba Group, a multinational technology conglomerate. Ma is a strong proponent of an open and market-driven economy. Ma is a global ambassador for Chinese business and was listed in 2019 as one of the world's most powerful people, with Forbes ranking him 1st on its "World's Most Powerful People" list. He also serves as a role model for startup businesses. In 2017, Ma was ranked second in the annual "World's 50 Greatest Leaders" list by Fortune. In September 2018, he announced that he would retire from Alibaba and pursue educational work, philanthropy, and environmental causes; the following year, Daniel Zhang succeeded him as executive chairman.As of January 2021, with a net worth of $58.3 billion, Ma is the second-wealthiest person in China (after Zhong Shanshan), as well as one of the wealthiest people in the world, ranked 20th by Forbes. In 2019, Forbes named Ma in its list of "Asia's 2019 Heroes of Philanthropy" for his work supporting underprivileged communities in China, Africa, Australia, and the Middle East. He has reportedly not been seen in public since December 2020 after having made comments critical of Chinese financial regulators.