Breaking World News LIVE - Jack Ma, Finance, Investments 2020

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Jack Ma, or Ma Yun[a] is a Chinese business magnate, investor and philanthropist. He is the co-founder and former executive chairman of Alibaba Group, a multinational technology conglomerate. Ma is a strong proponent of an open and market-driven economy.

Ma is a global ambassador for Chinese business and is often listed as one of the world's most powerful people, with Forbes ranking him 21st on its "World's Most Powerful People" list. He also serves as a role model for startup businesses. In 2017, Ma was ranked second in the annual "World's 50 Greatest Leaders" list by Fortune. In September 2018, he announced that he would retire from Alibaba and pursue educational work, philanthropy, and environmental causes; the following year, Daniel Zhang succeeded him as executive chairman.

As of April 2020, Ma is the second-wealthiest person in China, with a net worth of $42.1 billion, as well as one of the wealthiest people in the world, ranked 17th by Forbes. In 2019, Forbes named Ma in its list of "Asia's 2019 Heroes of Philanthropy" for his work supporting underprivileged communities in China, Africa, Australia, and the Middle East.

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