Published 17:51 IST, January 4th 2021
Where is Jack Ma? A look at Jack Ma's massive net worth as he is suspected missing
Alibaba founder Jack Ma is suspected to be missing since past few months. Read more to know the details about where is Jack Ma and his net worth details.
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Chinese billionaire and founder of Alibaba Jack Ma is currently one of trending people in world. Jack Ma has reportedly t been seen in public eye for several weeks w leing speculations of Jack Ma suspected missing. A lot of people all over world have been curious to kw about where is Jack Ma and is Jack Ma suspected to be missing. For all people who are wondering about Alibaba founder, here is a look at Jack Ma's net worth and everything you need to kw about him.
Jack Ma's net worth
According to Bloomberg Billionaires Index, Jack Ma's net worth is $50.6 billion. He is is founder of Alibaba Group, China's biggest e-commerce company. He has seen a big drop in his net worth after his October speech. According to Business Insider, his net worth has fallen by $12 billion in just two months.
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Where is Jack Ma?
Jack Ma came under scanner of ruling Chinese Communist Party (CCP) after his speech in October. 56-year-old has t been seen in public after officials hit back at him following his October speech where he complained about that China's regulators and state-run banks are hampering opportunities. He delivered speech at a business conference. "Today’s financial system is legacy of Industrial ," Ma said in speech. "We must set up a new one for next generation and young people. We must reform current system," he said.
He was supposed to be a part of final episode of his own talent show, Africa’s Business Heroes. However, he did t feature in episode. According to UK’s Telegraph, he was replaced by an Alibaba executive in vember final. Alibaba founder is also t active on social media for last few months. He has last tweeted on October 10, 2020.
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Also Re | China's Crackdown On Jack Ma Worsens, Pressure Mounts On Ant Group To Shake Up Its Lending
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Wall Street Journal reported that Jack Ma was reprimanded by officials in Beijing in vember. officials suspended $37billion initial public offering of his Ant Group on direct order of President Jinping. He was n vised to remain in China before launching an anti-mopoly investigation into his Alibaba Group Holding on Christmas Eve, according to Bloomberg.
Disclaimer: above net worth information is sourced from various websites and media reports. website does t guarantee a 100% accuracy of figures.
Im Credits: Jack Ma Twitter
17:51 IST, January 4th 2021