You are here: Home » International » News » Companies
Business Standard

Alibaba's rise creates at least 10 billionaires not named Jack Ma

Jack Ma and Alibaba have minted a network of people whose combined fortunes total $52 bn

Bloomberg 

Jack Ma, who launched Alibaba two decades ago and rode it to a $47.6-bn fortune, turns out to have created billions of dollars of wealth for at least 10 others — a total of almost $100 bn. By investing directly in or partnering with firms that provide services for his online buying platforms Ma and Alibaba have minted a network of people whose combined fortunes total $52 bn, according to the Bloomberg Billionaires Index.

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, November 14 2017. 01:44 IST
RECOMMENDED FOR YOU