ALIBABA COFOUNDER JACK MA IS THE RICHEST MAN IN CHINA — HERE'S HOW HE SPENDS HIS $38 BILLION NET WORTH

Jack Ma is the cofounder of $480 billion e-commerce company Alibaba. The eccentric billionaire is equally as famous for throwing lavish company parties as he is for his wealth. Ma stepped down as Executive Chairman of Alibaba in Sept. 2019. His stake in Alibaba, and his many other ventures, have made him the richest man in China, worth $38 billion.  Following is a transcript of a video.Narrator: Jack Ma is China's richest man, with a...

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Jack Ma: Jack Ma is a Chinese internet entrepreneur. He owns and is at the helm of two of the world's most popular sites in Mainland China, Taobao and Alibaba Group. He is the first mainland Chinese entrepreneur to appear on the cover of Forbes Magazine and ranks as one of the world's billionaires.
- Jack Ma Wikipedia
China: China , officially the People's Republic of China , is a sovereign state located in East Asia. It is the world's most populous country, with a population of over 1.35billion. The PRC is a single-party state governed by the Communist Party, with its seat of government in the capital city of Beijing.[
- China Wikipedia
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