Where is Chinese Billionaire Jack Ma?

Jack Ma / Photo Credit: Ciaran McCrickard

Chinese billionaire and founder of the Alibaba Group and Ant Group, Jack Ma, has been reported as missing since October 2020, after he openly criticised China’s regulators and its state-owned banks, accusing the Communist government of slowing down innovation. Ma has not been seen in public since October and has missed key public appearances without explanation.

Ma is a vigorous proponent of an open and market-driven economy. He is also a global ambassador for Chinese business, and Forbes has him ranked as the 33rd wealthiest person on the planet with a net worth over $23 billion. It is reported that Ma has lost approximately $11 billion of his net worth over the last three months.

Ant Group has been duelling with the Chinese government over its proposed IPO and Ma has been defiant of their regulations; potentially costing him billions and angering the Chinese government.



Categories: Business, Financial

Tags: , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: