Jack Ma

Jack Ma | Co-Founded, Alibaba Group | $24.4B

Jack Ma | Co-Founded, Alibaba Group | $24.4B as of 6/30/24

Jack Ma is a Chinese entrepreneur, philanthropist, and the co-founder and former executive chairman of Alibaba Group, a multinational technology conglomerate. Known for his inspirational leadership and innovative approach, Ma has been a significant figure in the global e-commerce and technology sectors.

Personal Information:

  • Full Name: Jack Ma Yun

  • Name in the Language of Origin: Chinese: 马云; pinyin: Mǎ Yún;

  • Date of Birth: September 10, 1964

  • Place of Birth: Hangzhou, Zhejiang, China

  • Zodiac: Virgo

  • Marital Status and Family: Married

    • Spouse: Zhang Ying (also known as Cathy Zhang)

    • Children: 3 (two sons and a daughter)

  • Relatives: Not widely publicized

Background and Early Life:

  • Family Background: Born into a modest family in Hangzhou. His parents were traditional musicians and storytellers.

  • Ancestry: Chinese, with no widely publicized details on grandparents.

  • Early Influences: Inspired by Western culture and education from a young age, particularly influenced by "The Adventures of Tom Sawyer" and "Ali Baba and the Forty Thieves."

  • Influenced By: Bill Gates, Warren Buffett, Forrest Gump (a character from the movie, often quoted by Ma for inspiration).

  • Books that Impacted the Most: "The Adventures of Tom Sawyer" by Mark Twain, "Ali Baba and the Forty Thieves" (traditional tale).

Educational Background:

  • Education: Bachelor's degree in English from Hangzhou Teacher's Institute (now Hangzhou Normal University).

Professional Career:

  • Current Occupation: Retired from Alibaba but remains a prominent figure in philanthropy and education.

  • Career History:

    • English teacher at Hangzhou Dianzi University.

    • Co-founded China Pages, one of China’s first internet companies.

    • Founded Alibaba Group in 1999, expanding it into a global e-commerce giant. Since 1999, Ma served as the executive chairman of Alibaba Group, which has remained one of China's most prominent high-technology holding companies in the two decades since it inception presiding over nine major subsidiaries: Alibaba.com, Taobao Marketplace, Tmall, eTao, Alibaba Cloud Computing, Juhuasuan, 1688.com, AliExpress.com, and Alipay. At the annual general meeting of shareholders for Alibaba.com in May 2010, Ma announced Alibaba Group would begin in 2010 to earmark 0.3% of annual revenue to environmental protection, particularly on water- and air-quality improvement projects. Of the future of Alibaba, he has said, "our challenge is to help more people to make healthy money, 'sustainable money', money that is not only good for themselves but also good for the society. That's the transformation we are aiming to make."

      Despite achieving massive entrepreneurial and investment success in the Chinese high-technology industry and the fact that Alibaba is a high-technology company, Ma was never a technical expert on computer technology nor did he possess the extensive breadth of executive managerial skills and background experience or depth of technical know-how that would have nonetheless otherwise qualified him to competently run a technology company or operate as an independent technology entrepreneur on his own. Even though Ma's formal educational background and extensive training was in English rather than in a technical subject, his dearth of technical expertise did not deter him from being able to competitively distinguish himself from the quintessential Chinese technology mogul. As Ma with his distinct profile stands out among his entrepreneurial contemporaries throughout the Chinese high-technology industry, many of whom typically have a foundational background in computer engineering and science as part of their formal academic training and educational makeup. Instead, Ma parlayed his educational background to use in an entrepreneurial context by fashioning himself as a promoter, businessman, manager, administrator, and organizer who possessed the soft skills, emotional capacity, and personality with a knack for leading and employing specialists of expert ability from every conceivable technical domain. At a press conference in 2010, Ma made clear with regards to the lack of his technical expertise by revealing to the public that he had never written a line of computer code, nor had ever made one sale to a customer, and that he only acquired a personal computer to do business with for the first time at the age of 33.

    • Ma announced on September 10, 2018, that he would step down as executive chairman of Alibaba Group Holding in the coming year. Ma denied reports that he was forced to step aside by the Chinese government and stated that he wants to focus on philanthropy through his foundation. Daniel Zhang would then lead Alibaba as the current executive chairman. Ma stepped down from the board of Alibaba on October 1, 2020.

    • In early 2024, Ma replaced SoftBank as Alibaba's largest shareholder.

Career Milestones:

  • Key Achievements:

    • Founding and expanding Alibaba Group.

    • Successfully leading Alibaba to one of the largest IPOs in history in 2014.

  • Innovations and Contributions:

    • Pioneering e-commerce in China.

    • Promoting digital and financial inclusion through Ant Group.

  • Industry Impact:

    • Revolutionized online retail in China and globally.

    • Significant influence on the fintech sector through Ant Group.

Net Worth and Assets:

  • Estimated Net Worth: Approximately $50 billion (as of 2023)

  • Key Assets: Major shares in Alibaba Group and Ant Group.

  • Investments: Various technology, media, and telecommunications companies.

  • Stock Records: Major holdings in Alibaba (BABA) and Ant Group (private).

Business Interests:

  • Primary Business: E-commerce, technology, and financial services.

  • Known Current and Past Board of Directors Positions:

    • Executive Chairman of Alibaba Group (until 2019).

  • Other Ventures: Investments in media, entertainment, and technology startups.

Leadership Style and Business Philosophy:

  • Leadership Approach: Inspirational, visionary, and people-focused.

  • Business Philosophy: Emphasizes the importance of perseverance, customer-first philosophy, and innovative thinking.

Philanthropy and Social Contributions:

  • Charitable Donations: Significant contributions to education, environmental protection, and public health.

    • In July 2021, Jack Ma led Alibaba Group to top the 2021 China Charity List with a total cash donation of 3.22 billion yuan.

  • Foundations and Initiatives:

    • Jack Ma Foundation.

    • Rural Teacher Program.

  • Philanthropic Goals: Focused on improving rural education and supporting environmental initiatives.

  • Environmental Stewardship: Advocates for sustainable practices in business.

  • CSR: Strong focus on corporate social responsibility within Alibaba Group.

Lifestyle and Interests:

  • Main Residence: Hangzhou, China.

  • Personal Values: Innovation, perseverance, and social responsibility.

  • Hobbies and Interests: Tai Chi, Chinese calligraphy, and martial arts.

  • Social Circles: Prominent business leaders, philanthropists, and cultural figures globally.

  • Membership in Private Clubs and Social Organizations: Not widely publicized.

Associates:

  • Business Connections:

    • Daniel Zhang: CEO of Alibaba Group.

    • Joseph Tsai: Co-founder and Executive Vice Chairman of Alibaba Group.

    • Masayoshi Son: CEO of SoftBank, major investor in Alibaba.

    • Tim Cook: CEO of Apple, involved in various tech partnerships.

    • Elon Musk: CEO of Tesla and SpaceX, met on various tech summits.

    • Jeff Bezos: Founder of Amazon, often compared in the e-commerce space.

    • Mark Zuckerberg: CEO of Meta Platforms, involved in various tech discussions.

    • Larry Page: Co-founder of Google, tech industry peer.

    • Bill Gates: Co-founder of Microsoft, frequent collaborator in philanthropy.

  • Personal Connections:

    • Zhang Ying (Cathy Zhang): Wife, co-founder of Alibaba.

    • Sun Zhengyi (Masayoshi Son): Personal friend and business associate.

    • Wang Jianlin: Chinese business magnate, collaborated in philanthropy.

    • Liu Qiangdong (Richard Liu): Founder of JD.com, business peer.

    • Li Ka-shing: Hong Kong business magnate, personal acquaintance.

    • Ma Huateng (Pony Ma): Personal and professional peer.

    • Zhou Hongyi: Founder of Qihoo 360, business associate.

    • Lei Jun: Founder of Xiaomi, industry peer.

    • Jerry Yang: Co-founder of Yahoo!, personal and business connection.

    • Robin Li: Founder of Baidu, business associate.

    • Thomas Bach: President of the International Olympic Committee.

    • Emmanuel Macron: President of France.

    • Benjamin Netanyahu: Prime Minister of Israel.

    • Donald Trump: 45th U.S. President.

    • David Beckham: English former footballer.

    • Victoria Beckham: English fashion designer and singer.

    • Scarlett Johansson: American actress and singer.

    • Elizabeth Holmes: Co-Founder, Theranos.

    • Sigmar Gabriel: Former Federal Minister for Foreign Affairs of Germany.

    • Patrick Whitesell: Executive chairman of William Morris Endeavor.

    • Jet Li: Singaporean martial artist and actor.

    • John T. Chambers: Former CEO of Cisco Systems.

    • Abiy Ahmed: Prime Minister of Ethiopia.

    • Mike Bloomberg: Owner and Co-Founder of Bloomberg L.P.

    • Barack Obama: 44th U.S. President.

    • Xu Jiayin: Chairman, Evergrande Group.

    • Arnold Schwarzenegger: Former Governor of California.

    • Najib Razak: Former Prime Minister of Malaysia.

    • Christine Lagarde: President of the European Central Bank.

    • François Hollande: Former President of France.

    • Peter Vesterbacka: Game designer.

    • Maurice Lévy: Chairman of Publicis Groupe.

    • Joko Widodo: President of the Republic of Indonesia.

    • Thomas J. Sargent: American economist.

    • Jackie Chan: Hong Kong actor and director.

    • Tony Leung Chiu-wai: Actor and singer.

    • Shimao Zhu: Chinese comedian.

    • Steven Spielberg: American filmmaker.

    • Jorge León "Nene" Araneta: Chairman of the Araneta Group.

    • Ronnie Chan Chi-chung: Hong Kong businessman.

    • Bill Clinton: 42nd U.S. President.

    • Daniel Craig: English actor.

    • Tom Cruise: American actor and film producer.

Political and Social Influence:

  • Political Affiliations: Generally maintains a neutral public stance.

  • Advocacy: Advocates for digital and financial inclusion.

  • Significant Political Statements: Emphasizes the importance of global trade and innovation.

Future Plans and Projects:

  • Upcoming Ventures: Continued focus on philanthropy, education, and environmental initiatives.

  • Forecasts: Expected to remain influential in global philanthropy and education sectors.

  • Legacy: Known for revolutionizing e-commerce and his significant philanthropic contributions.

Available Data on Possessions:

  • Yachts: Information not widely publicized.

  • Private Jets: Gulfstream G650ER

  • Cars: Prefers luxury cars, specifics not widely disclosed.

  • Art: Known art collector, specific pieces not widely disclosed.

  • Real Estate and Residences:

    • Properties in Hangzhou and Hong Kong.

  • Collectables: High-value art and luxury items.

  • Expensive Accessories: Known for luxury lifestyle, specifics not widely publicized.

  • Any Other Significant Possessions: As of 2016, Ma is the owner of Château de Sours in Bordeaux, Chateau Guerry in Côtes de Bourg and Château Perenne in Blaye, Côtes de Bordeaux.

Public Persona and Influence:

  • Media Presence: Significant, with frequent mentions in global media.

  • Public Speaking: Regularly speaks at global business forums and tech conferences.

  • Public Appearances: Regularly attends international business summits, tech conferences, and philanthropic events.

    • World Economic Forum.

    • Forbes Global CEO Conference.

    • Annual Alibaba events.

    • Various tech summits and forums.

    • Charity galas.

    • Investment forums.

    • Cultural events.

  • Recognition and Awards:

    • In 2004, Ma was honored as one of the "Top 10 Economic Personalities of the Year" by China Central Television (CCTV).

    • In September 2005, the World Economic Forum selected Ma as a "Young Global Leader".

    • Fortune also selected him as one of the "25 Most Powerful Businesspeople in Asia" in 2005.

    • Businessweek also selected him as a "Businessperson of the Year" in 2007.

    • In 2008, Barron's featured him as one of the 30 "World's Best CEOs".

    • In May 2009, Time magazine listed Ma as one of the world's 100 most powerful people. In reporting Ma's accomplishments, Adi Ignatius, former Time senior editor and editor-in-chief of the Harvard Business Review, noted that "the Chinese Internet entrepreneur is soft-spoken and elf-like—and he speaks really good English" and remarked that "Taobao.com, Mr. Ma's consumer-auction website, conquered eBay in China." He was also included in this list in 2014.

    • BusinessWeek chose him as one of China's Most Powerful People.

    • Forbes China also selected him as one of the Top 10 Most Respected Entrepreneurs in China by in 2009. Ma received the 2009 CCTV Economic Person of the Year: Business Leaders of the Decade Award.

    • In 2010, Ma was selected by Forbes Asia as one of Asia's Heroes of Philanthropy for his contribution to disaster relief and poverty.

    • Ma was awarded an honorary doctoral degree by the Hong Kong University of Science and Technology in November 2013.

    • Ma was a board member of Japan's SoftBank (2007–2020) and China's Huayi Brothers Media Corporation. He became a trustee of The Nature Conservancy's China program in 2009 and joined its global board of directors in April 2010.

    • In 2013, he became chairman of the board for The Nature Conservancy's China Program; this was one day after he stepped down from Alibaba as company CEO.

    • In 2014, he was ranked as the 30th-most-powerful person in the world in an annual ranking published by Forbes.

    • In 2015, Asian Award honoured him with the Entrepreneur of the Year award. Ma was awarded an honorary doctorate in education from National Taiwan Normal University.

    • In 2016, he was awarded the Chevalier of the French Legion of Honour by French Minister of Foreign Affairs and International Development Laurent Fabius.

    • In 2017, Fortune ranked Ma second on its World's 50 Greatest Leaders list.

    • In 2017, a KPMG survey ranked Ma third in global tech innovation visionary survey.

    • In October 2017, Ma was given an honorary degree of Doctor of Science in Technopreneurship from De La Salle University Manila, Philippines.

    • In May 2018, Ma was given an honorary degree of Doctor of Social Sciences by the University of Hong Kong in recognition of his contributions to technology, society and the world.

    • In May 2018, Ma received an honorary doctorate from professors Yaakov Frenkel and Yaron Oz at the Tel Aviv University.

    • In May 2019, Ma and other 16 influential global figures were appointed by Secretary-General of the United Nations as the new advocates for sustainable development goals.

    • In 2019, Forbes Magazine named Ma in its list of "Asia's 2019 Heroes of Philanthropy" for his humanitarian and philanthropic work supporting underprivileged communities in China, Africa, Australia, and the Middle East.

    • In July 2020, Ma received from King Abdullah II a first class medal for his contribution in fighting back against the COVID-19 pandemic.

    • In August 2020, Ma was to receive from the President of Pakistan a Hilal e Quaid e Azam medal for his contribution in fighting back against the COVID-19 pandemic.

    • At the 2023 World Chinese Culture Festival (Tokyo), Kong Jian, Chairman of the World Confucius Association, Guo Shaocheng, Chairman of the World Chinese Alliance, and Mr. Fanghe Yuanjian, Chairman of the World Confucius Foundation, jointly announced that Jack Ma won the 2023 Confucius Education Award] and congratulated the University of Tokyo on hiring Jack Ma.

Future Plans and Projects:

  • Upcoming Ventures: Focus on expanding his philanthropic work and supporting global education initiatives.

  • Forecasts: Expected to maintain a significant influence in philanthropy and global business.

  • Legacy: Widely recognized for transforming e-commerce and his extensive philanthropic efforts.

Political and Social Influence:

  • Political Affiliations: Maintains a neutral stance, focusing on business and philanthropy.

  • Advocacy: Strong advocate for global trade, digital inclusion, and education.

  • Significant Political Statements: Advocates for global cooperation and technological advancement.

Other Information:

  • Unique Contributions: Pioneered e-commerce in China, significant contributions to digital and financial inclusion.

Biographical Books

Here are some biographical books that mention Jack Ma:

  1. "Alibaba: The House That Jack Ma Built" by Duncan Clark

  2. "Jack Ma and Alibaba" by Chen Wei, Yan Qicheng

  3. "Jack Ma: Biography Of A Self-Made Billionaire" by R.G. Knight

Controversies and Legal Issues

Controversies

Jack Ma has faced controversies primarily around his outspoken views on business and the Chinese government's regulations. His public criticism of China’s financial regulatory system in 2020 led to the suspension of Ant Group’s IPO, the world’s largest at the time.

Legal Issues

Ma has not been personally implicated in any criminal activities, but his companies have faced regulatory challenges. The most notable is the antitrust investigation into Alibaba by Chinese authorities, resulting in a record $2.8 billion fine for monopolistic practices.

Scandals

There are no major personal scandals involving Jack Ma. However, the sudden halt of Ant Group's IPO and subsequent regulatory crackdowns have sparked significant media attention and speculation.

Allegations

Allegations against Ma and his companies primarily involve monopolistic practices and the abuse of market dominance, which led to the aforementioned fine and increased regulatory scrutiny.

Criticisms

Critics have often pointed to the monopolistic practices of Alibaba and the opaque nature of its business dealings. Ma’s bold statements about the Chinese government and financial systems have also drawn criticism, leading to his temporary disappearance from the public eye.

Public Conflicts

Jack Ma’s public conflicts include his criticism of China's regulatory framework, which led to a direct clash with Chinese authorities. This conflict is seen as a significant factor in the regulatory actions taken against his companies.

Curious Information

Little-known Biography Facts

  • Jack Ma initially failed the university entrance exam twice before being accepted into Hangzhou Teacher's Institute.

  • He worked as an English teacher before founding Alibaba.

  • Ma also claims to have applied to Harvard Business School ten times consecutively, only to have ended up being rejected every time in spite of his persistent efforts.

  • According to Ma's autobiographical speech, after graduating from Hangzhou Normal University in 1988, Ma applied for 31 different odd entry-level jobs and was rejected for every single one. "I went for a job with the KFC; they said, 'you're no good'", Ma told interviewer Charlie Rose. "I even went to KFC when it came to my city. Twenty-four people went for the job. Twenty-three were accepted. I was the only guy [rejected]...". During this period, China was nearing the end of its first decade following Deng Xiaoping's economic reforms.

Unusual Experience

  • In 2017, Ma made his acting debut with his first kung fu short film Gong Shou Dao, directed by Wen Zhang and produced by Jet Li. The film stars Ma, Li, Donnie Yen, Wu Jing, Tony Jaa, Jacky Heung, Asashōryū Akinori, Zou Shiming, and Natasha Liu Bordizzo. It was filmed in collaboration with the Double 11 Shopping Carnival Singles' Day, this showcasing his interest in martial arts.

  • In the same year, he also participated in a singing festival and performed dances during Alibaba's 18th-anniversary party.

  • In November 2020, in the finale of Africa’s Business Heroes, Ma was replaced as a judge in the television show, with Alibaba executive Peng Lei taking his place, reportedly "Due to a schedule conflict".

Gossip and Rumors

  • News outlets noted a lack of public appearances from Ma between October 2020 and January 2021, coinciding with a regulatory crackdown on his businesses. The Financial Times reported that the disappearance may have been connected to a speech given at the annual People's Bank of China financial markets forum, in which Ma criticized China's regulators and banks. Ma described state banks as operating with a pawn shop mentality and criticized the Basel Accords as a "club for the elderly."

  • In November 2022, Ma was reportedly living a low profile life in Tokyo, Japan, for nearly six months, and occasionally traveling abroad. In March 2023, photos and videos of Ma touring the Yungu school in Hangzhou, China appeared on social media confirming the public appearance of the billionaire for the first time in several months. The school is funded by Alibaba and is located near the company's headquarters. He was reportedly persuaded to return from abroad by premier Li Qiang. In the same month, Alibaba Group turned into a holding company and its subsidiaries would separate into six independent firms; The Wall Street Journal reported on 30 March that Ma engineered this in talks with company CEO Daniel Zhang while he was traveling overseas.

Mentions in Conspiracy Theories

Jack Ma’s sudden disappearance led to various conspiracy theories about his potential detention by Chinese authorities, though these were never substantiated and he later reappeared in public.

Psycho-Emotional Profile of Jack Ma

Emotional State and Mood

Jack Ma, the co-founder of Alibaba Group, generally exhibits a resilient and optimistic emotional state. Despite facing significant challenges, such as the Chinese government's halt of Ant Group's IPO in 2020 and subsequent scrutiny, Ma remains focused and composed. His current mood appears to be one of cautious optimism as he navigates his new ventures in philanthropy and education.

Personality Traits

Ma demonstrates key personality traits such as extroversion, conscientiousness, and resilience. His extroverted nature is evident from his numerous public speeches and his role as an informal global ambassador for Chinese business. Conscientiousness is reflected in his strategic approach to business and philanthropy, meticulously planning and executing initiatives. His resilience is notable, especially given his ability to recover from setbacks and continue to innovate and lead in various fields.

Stress Levels and Coping Mechanisms

Given his high-profile position and the pressures associated with it, Ma experiences significant stress. He manages this through strategic problem-solving and a strong focus on long-term goals. His involvement in philanthropy and education also serves as an outlet for stress relief, providing a sense of purpose and fulfillment beyond business achievements.

Self-Esteem and Self-Concept

Ma’s self-esteem is high, supported by his substantial accomplishments and the respect he commands globally. He sees himself as a capable and influential leader, as evidenced by his role in building Alibaba into a global giant and his ongoing philanthropic efforts. His self-concept is deeply tied to his identity as a successful entrepreneur and a proactive philanthropist.

Interpersonal Relationships

Ma maintains strong professional and personal relationships. His leadership style fosters loyalty and respect among his colleagues and business partners. He values family and close-knit friendships, which provide emotional support and stability. His extensive network within the business and philanthropic communities highlights his strong interpersonal skills.

Behavioral Patterns

Ma’s behavior is characterized by disciplined and goal-oriented actions. His business practices reflect a pattern of calculated risk-taking and innovative thinking, essential for Alibaba’s growth and success. His commitment to philanthropy and education indicates a balanced approach to life, integrating professional success with personal fulfillment.

Psychological Well-being

Overall, Ma’s psychological well-being appears robust. Despite facing significant challenges, he maintains a positive outlook and high life satisfaction. His ability to handle business pressures while engaging in meaningful philanthropic work contributes to his overall mental health stability.

Cognitive Functioning

Ma’s cognitive abilities are exceptional, demonstrated by his strategic thinking, problem-solving skills, and innovative approach to business and philanthropy. His successful navigation of complex business environments and anticipation of industry trends showcase strong memory, attention, and analytical capabilities.

Past Experiences and Trauma

Ma’s experiences, including his early struggles with education and his rise in the internet industry, have shaped his resilient and strategic nature. These experiences have equipped him with robust coping mechanisms and the ability to focus on long-term objectives despite facing substantial challenges.

Motivations and Goals

Ma is driven by a desire to innovate and lead in both business and philanthropy. His personal goals include expanding his philanthropic impact globally and supporting educational initiatives. Both intrinsic motivations, such as personal fulfillment from helping others, and extrinsic motivators, like financial success and recognition, drive his actions.

Physical Health and Its Impact

There is limited public information on Ma’s physical health, but his active involvement in various activities suggests he maintains good physical well-being. His physical health supports his ability to manage his responsibilities effectively, contributing to his overall psychological resilience.

Conclusion

Jack Ma’s psycho-emotional profile portrays him as a resilient, conscientious, and strategic leader. His strong self-concept, effective stress management, and robust psychological well-being enable his continuous success in business and philanthropy. His personality traits, cognitive abilities, and motivations align to create a profile of a highly driven and impactful figure in the global business landscape.


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