Business Chief APAC+ANZ Magazine November 2018 | Page 83

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Jack Ma

Net worth : $ 39bn

Perhaps the best-known business leader of the list , Jack Ma is the cofounder and executive chairman of Alibaba Group Holding and the 20th richest person in the world . Having begun as an ecommerce company , Alibaba has since made strides in all areas of digital , including AI , internet and fintech and now even omnichannel retail . Having developed Alipay in 2014 , Ma separated this from its parent company into what is now known as Ant Financial and has become the world ’ s most valuable startup , with a total value of $ 150bn . Ma continues to go from strength to strength in each of his business endeavours , with Alibaba currently employing over 66,000 staff . www . alibaba . com
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