22+ Alibaba Founder Jack Ma Story Images. At the time, the company said it was because of new rules issued by the country's central. He and his siblings grew up at a time when communist china was increasingly isolated from the west, and his family didn't have much money.
In an interview with bloomberg tv, mr ma said he will be dedicating more of his time to philanthropy with the creation of a foundation in his own name focused. He has an older brother and a younger sister. He is also the first founder among a generation of prominent chinese internet entrepreneurs to step down from his company.
He is now officially the richest man in china with an estimated net worth of $25 billion, on the back of the recent world record $150 billion ipo filing of his company.
Caty weaver adapted it for learning english. Born 10 september 1964), is a chinese business magnat. I think it will be very hard to replace. Born 10 september 1964), is a chinese business magnate, investor and philanthropist.