Jack Ma Net Worth 2022 (Forbes) – How Did He Get Rich?

With income from Alibaba Group and investments, Jack Ma has amassed a net worth of $37.1 Billion as of March 2022.

Jack Ma is a philanthropist, investor, and businessman from China. Jack was once a poor boy who made a living leading visitors, but he outgrew himself and became successful. He started by working on his communication skills and learning English. 

Even when the rest of the world didn’t believe in his vision, Jack was one of the few who recognized the Internet as business potential. In just three years, the entrepreneur managed to start his first business with $20,000 and earn around $800,000. 

After founding the e-commerce company “Alibaba” in the late 1990s, he gained worldwide fame. With the profits of the company, he reached the peak of his success and became the richest man in China. 

He also co-founded several similar companies, most of which were successful, including the e-commerce website “Taobao”. Jack has received numerous honors. He’s also been published in prestigious publications such as “Forbes” and “Time”.

Today we’re going to discuss how much money Jack Ma has and how he builds his net worth.

At the end of this article, we will also tell you how to get rich like Jack Ma. So be sure to read to the end.

Jack Ma Net Worth 2022

As of March 2022, Ma had a net worth of $37.1 billion, making him the fifth richest person in China (after Zhong Shanshan, Ma Huateng, Zeng Yuqun, and Zhang Yiming). He is also one of the richest people in the world, ranking 35th in the Bloomberg Billionaires Index. Despite this, Jack Ma revealed in an interview that he has never received a salary from Alibaba.

Alibaba Group Holdings, which he owns 6.3 percent of, and the online payment service Alipay, account for most of Ma’s wealth. Besides Ant Financial, Ma also controls Ant Financial, which raised $4.5 billion from investors in a funding round in 2016 for an implied valuation of $60 billion, although it may reach $75 billion.

Prior to Ant’s IPO, he promised to dilute his Ant ownership. Ma also owns 70 percent of the Cayman Islands-based company APN. Moreover, he owns 35 million shares worth $3.2 billion that has been set aside for a non-profit called SymAsia Foundation.

Jack also owns 48.5% of Zheijang Ant Small % Micro Financial, which is a holding company for Alipay. Alipay is basically China’s version of PayPal. Alipay is currently valued at $25 billion, putting another $12.1 billion in Jack’s pockets. 

In the past, he has been the richest person in China and on the continent of Asia. However, from 2021 to 2022, Jack Ma’s worth has almost tanked by half in less than a year. Alibaba was worth more than any US company except Apple, Amazon, and Google just a year ago.

Forbes reports Alibaba had a valuation of $857 billion in October 2020, and it was reduced to $588 billion in June 2021. In the same vein, his fintech firm Ant Group was previously valued at $470 billion, but is now valued at just $108 billion. His companies are valued at $1326 billion in October 2020. A year later, they were valued at $696 billion.

The downfall of Ma began with the cancellation of Ant Group’s planned $34.5 billion IPO in the second half of last year. According to estimates, Ant Group’s initial public offering was the largest in the world, surpassing even Aramco, Saudi Arabia’s oil giant. Due to allegations of irregularities within the company, the Chinese government canceled the IPO.

His companies’ values diminished over time, and so did his own worth. Eventually, Ma’s companies were systematically weakened, causing him to sell his holdings in multiple subsidiaries.

As a result of his criticism of the Chinese system, Ma’s worth has declined. Ma targeted the Chinese bureaucracy and financial regulators ahead of Ant Group’s IPO in November 2020. His attacks on the government-supported banks were equally harsh. This harsh assessment of the Chinese system did not go down well with the authorities, who are notoriously unkind to dissenters.

Here’s the breakdown of his net worth:

Name: Jack Ma
Net Worth: $37.1 Billion
Monthly Salary: $0
Annual Income: $5 Billion
Source of Wealth: Alibaba Group Holdings, Investments

Jack Ma Net Worth Last 5 Years

Net Worth 2022: $37.1 Billion
Net Worth 2021: $48.4 Billion
Net Worth 2020: $38.8 Billion
Net Worth 2019: $75 Billion
Net Worth 2018: $75 Billion

How Did Jack Ma Get Rich With Alibaba Group?

As of March 2022, Ma had a net worth of $37.1 billion. 

Alibaba is the source of much of Ma’s wealth. Though he has been divesting his shares over time, he used to own 11.7% with the highest controlling interest in the company and its subsidiaries. He sold another $8.2 billion worth of shares in July 2020, leaving him with a stake of 4.8%.

Among its other top investors, Softbank Group currently holds approximately 25% of the Alibaba Group. The company’s roots date back to 1995 when Ma and his wife started a company called China Yellow Pages. In Hangzhou, Ma co-founded Alibaba with 17 friends less than five years later.

Alibaba owns outright or has important ownership stakes in, a movie studio, venture capital funds, Yahoo! China, healthcare technology companies, Internet messaging and voice apps, supply chain management companies, taxi-hailing apps, social media sites, and online clothing retailers.

When Jack first learned about the Internet in the mid-1990s, he saw it as a fantastic business prospect.

In 1995, he travelled to the United States to learn more about the Internet. From one of his buddies, he learned how to link to a website. That same year, he raised $20,000 to start his own company that would focus exclusively on the Internet.

The company’s mission was to design websites for their clients. Despite the fact that this type of business was relatively new, Jack was able to earn $800,000 in just three years.

Due to his achievements in this field, in 1998 Jack was appointed the head of a company under the “China International Electronic Commerce Centre”. He stayed with this company for another year IT.

After retiring from his duties in 1999, Jack founded the company “Alibaba” with his friends. The goal was to build a website that could act as a one-stop shop for B2B transactions.

In 1999-2000, the company received a $25 million investment that helped its expansion tremendously. The company’s operations soon grew to over 240 countries and territories.

To improve the global e-commerce system, Ma established Taobao Marketplace, Alipay, Ali Mama and Lynx in 2003. Due to Taobao’s rapid growth, eBay decided to sell the company. Ma rejected the offer and instead received a $1 billion investment from Yahoo co-founder Jerry Yang.

Alibaba’s first IPO on the New York Stock Exchange in September 2014 raised more than $25 billion. Alibaba became one of the most valuable tech companies in the world after raising the entire $25 billion. It was the largest IPO in US financial history.

Alibaba Group is a holding company with nine subsidiaries, including Alibaba.com, Taobao Marketplace, Tmall, eTao, Alibaba Cloud Computing, Juhuasuan, 1688.com, AliExpress.com and AliPay. Ma was the executive chairman of Alibaba Group.

In November 2012, Alibaba processed one trillion yuan of online transactions. On May 10, 2013, Alibaba’s CEO Ma resigned but remained chairman of the company.

Ma stated on September 10, 2018, that he would step down as executive chairman of Alibaba Group Holding.

How Much Money Does Jack Ma Make From Investments?

Jack Ma has made a lot of money from investments through Yunfeng Capital. Since its inception in 2010, Yunfeng Capital had achieved an internal rate of return (IRR) of 30% in 9 years. There had been a 60-fold increase in its net asset value (NAV). It has 10 billion USD assets under management (AUM) in 2021. 

In 2010, Ma founded Yunfeng Capital with four associates. The five principals became known as the “Zhejiang Gang,” after the province where they were born. Yunfeng invests in early-stage companies across a variety of industries; almost all of the companies are located in China. Among the sectors Yunfeng invests in are

  • Healthcare (the fund, for example, put $142 million into China Resources Wandong Medical Equipment Co. Ltd. [Shanghai: 600055.SS], a maker of medical devices),
  • Insurance ($1.7 billion worth of shares in China Taiping Insurance Holdings Company Limited [HKSE: 0966.HK])
  • Mass media
  • Clean energy
  • Consumer goods
  • Finance (with a 56% stake in REORIENT Group Limited (HKSE: 0376.HK), a mid-cap brokerage located in Hong Kong)
  • Technology
  • Internet products and services

In addition to investing in public companies, Ma has a large amount of wealth invested privately through various connections and holding companies. Star Capital is one of many private equity funds that invest in a variety of sectors, including real estate, in China and throughout Europe. Fosun International owns a majority stake in Star Capital. Ma controls a holding company that oversees Alibaba’s financial services businesses, including Alipay.

In 2014, Jack Ma and several other investors spent $1 billion to acquire a 20% stake in Wasu Media (Shenzhen: 000156.SZ). Even though it appears to be a straightforward deal, a closer look reveals a rather complex deal.

Three separate entities control Hangzhou Yunxi Investment Partnership Enterprise, which made the investment on behalf of its three partners, including Ma. Ma controls 99% of Hangzhou Yun Huang Investment Management, while Simon Xie owns the remaining 1%.

From Alibaba, Xie received a $1 billion loan, which was invested into Yunxi’s partnership for the purchase of Wasu shares. By taking a very circuitous route, Ma invested in Wasu and his media appetite.

Yunfeng invested in Le TV Sports, a then-fledgling sports rights and streaming company, in an initial $129 million funding round in 2015. Le TV Sports went on to receive $1.2 billion in Series B funding in 2016.

How Much Does Jack Ma Make A Year?

According to Forbes, Jack Ma earns more than $5 billion a year. 

What House Does Jack Ma Own?

Ma owns several properties around the world, including Chateau de Sours in Bordeaux, Chateau Guerry in Côtes de Bourg and Chateau Perenne in Blaye, Côtes de Bordeaux, all in France. In 2015, he paid $23 million for a large piece of land in the Adirondacks in New York. 

The estate was bought primarily to protect the environment, but one of Ma’s spokespeople said he also plans to use the property for vacations and other times when he wants to retire. Brandon Park is the name of the property, which consists of a number of parcels. 

There are more than 9 miles of the St. Regis River and a number of lakes, ponds, and streams on the land. Then there is the 1940s log cabin with a barn, two houses, and many lean-tos. There is also a private business that makes maple syrup.

How Much Are Jack Ma’s Cars Worth?

Jack Ma is a very successful businessman who owns a number of luxurious vehicles. He owns the Land Rover’s most expensive car, the Range Rover Autobiography. The upscale, luxury SUV starts at $144,500.

He also owns a Roewe RX5. The car was priced upwards of RMB 148,800 ($22,300) when deliveries started in August 2016.

How Much Money Has Jack Ma Donated?

Jack Ma has reportedly donated a lot of money over the years. The Jack Ma Foundation, founded by Jack Ma, is a philanthropic organization that works to improve education, the environment, and public health.

Alibaba donated $808,000 to victims of the Sichuan earthquake in 2008. Jack Ma became a trustee of The Nature Conservancy’s China program in 2009 and joined the organization’s global board in 2010.

The Alibaba Hong Kong Young Entrepreneurs Foundation was established in 2015 to help entrepreneurs in Hong Kong grow their businesses. The company also raised money to rebuild 9,000 homes damaged by the Nepal earthquake. He also founded the Hupan School, a business school, in 2015.

In September 2018, Ma established the Jack Ma Foundation and announced his retirement from Alibaba to devote himself to philanthropic, educational and environmental projects.

Ma was named one of Asia’s 2019 Heroes of Philanthropy by Forbes and received the Malcolm S. Forbes Lifetime Achievement Award for his work supporting underprivileged communities in China, Africa, Australia and the Middle East.

Due to the COVID -19 pandemic in 2020, the Alibaba Foundation and the Jack Ma Foundation have launched a number of initiatives, including the donation of medical supplies in the United States, Asia, Africa and Europe.

Jack Ma’s Personal Life and Wife

Ma was born into a family of limited means. He met Cathy Zhang (Chinese: Zhang Ying), a fellow student from Hangzhou when he was at university. Zhang, who worked as a Chinese language teacher in addition to building Ma’s business, became the general manager of the main company shortly after their marriage in 1988. Ma Yuankun (also known as Jerry Ma) is the couple’s only son, and Ma Yuanbao is the couple’s only daughter.

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FAQs About Jack Ma

Is Jack Ma Still Alive?

Jack Ma is still alive. Just recently, he has kept a low profile and hasn’t been in the media as much. That means he is safe.

A regulatory crackdown on Ma’s business coincided with his absence from public appearances between October 2020 and January 2021.

It has been reported that Ma’s disappearance may be related to his speech at the People’s Bank of China’s annual financial market forum, in which he criticized China’s regulators and banks. Following an intervention by financial regulators, the Financial Times reported the abrupt cancelation of Ant Group’s IPO planned for November 2020.

China’s intervention was aimed at promoting financial stability, bankers and officials said. Commentators speculated that Ma may have been the victim of forced disappearance, while others suggested he may be in hiding voluntarily. The next day, Jan. 20, 2021, Ma spoke via video link to a group of rural teachers at a charity event, the Rural Teacher Initiative.

Bloomberg reported that in February 2021, he was spotted golfing at the Sun Valley Golf Resort on China’s Hainan Island. Reuters reported in October 2021 that Ma was shopping at a local store on the Spanish island of Majorca. A superyacht anchored in the port of Andratx belonged to him.

How rich is Jack Ma?

As per the record of media, Ma had a net worth of $37.1 billion as of March 2022,

What is the salary of Jack Ma?

According to Jack Ma, he didn’t receive a salary from Alibaba. 

How tall is Jack Ma?

Jack Ma is 1.61 m tall.

How old is Jack Ma?

Jack Ma was born on September 10, 1964. He is 57 years old as of June 2022.

Who is Jack Ma’s wife?

Zhang Ying is the wife of Jack Ma. They married in 1988.

Success Lessons From Jack Ma

1. Never Sacrifice Family for Business

During the early days of Alibaba, Ma invited his wife over to help with the building of the business. Soon, they both got so busy with the business they didn’t have time for their little son. The only time the boy saw his parents were on weekends.

In 2002, when Zhang (Ma’s wife) was the general manager of Alibaba China headquarters, their 10-year old son had become so addicted to online gaming and spent his entire time in internet cafes. He told his parents there was no point coming home since they were never there.

Ma became very worried about the sanity and wellbeing of their son, so he asked Zhang to step down from her role as general manager and become a full time housewife. She did. Many years after, Ma would attribute his success in business and family to the sacrificial action taken by his wife. The boy is currently an undergrad at the University of California.

2. Be Patient

Be patient, profits don’t start rolling in on the first day of business. Very scarcely would you find a business generating huge profits on its first year, even if it does, such monies are better plowed back into the business for expansion.

Robert Kiyosaki once said, ‘If you can’t stay for a year without getting paid, then you are not fit to be an entrepreneur’. If you are expecting your business to start generating expendable profits on its first year, then it is better you get a job.

Alibaba didn’t start making profits until three years after its creation. Today, it is China biggest e-Commerce website. Imagine if Ma was like those people my friend spoke about, who give up on any business that does not pay them on its first year?

View more business lessons from Jack Ma!

Jack Ma Quotes

“You have got to keep trying, and if it doesn’t work, you always can revert back to what you were doing before.”


“A leader should have higher grit and tenacity, and be able to endure what the employees can’t.”


“It doesn’t matter if I failed. At least I passed the concept on to others. Even if I don’t succeed, someone will succeed.”


“A good boss is better than a good company.”


“Leadership is your instinct, then it’s your training. Leaders are always positive, they never complain.”


“The opportunities that everyone cannot see are the real opportunities.”


“No matter how tough the chase is, you should always have the dream you saw on the first day. It’ll keep you motivated and rescue you from any weak thoughts.”


“Today is hard, tomorrow is harder, but the day after tomorrow is beautiful.”


“Help young people. Help small guys. Because small guys will be big. Young people will have the seeds you bury in their minds, and when they grow up, they will change the world.”


The best way to promote your company is through your product or services, or employees.

View our larger collection of the best Jack Ma quotes!

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How To Become Rich Like Jack Ma? My Recommendation For You

Jack Ma did not become rich by luck. To become as rich as Jack Ma, you have to work smart.

Successful people become rich because they take advantage of the opportunities that come their way. They are in the right place at the right time and take the right action.

Thanks to the Internet, the world has changed massively in recent years. Nowadays it has become much easier to make money online.

Instead of looking for a 9-5 job and staying in your comfort zone, it’s better if you become your own boss as soon as possible.

You can learn how to build a digital asset that generates cash flow for you while you sleep to grow your wealth quickly.

If you seize this golden opportunity in time, you can become as successful as Jack Ma one day.

Learn more about how to make passive income online here.

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