The wealth of Jack Ma, the billionaire chairman and CEO of China e-commerce giant Alibaba Group, wouldn’t change appreciably in connection with its plan to buy a 20% stake in the company from Yahoo announced today.
Ma holds more than 7% of Alibaba Group, and the valuation of the company under the initial Yahoo transaction is in line with that at the time of a disposal by Ma to outside investors in the second half of last year. Unlisted Alibaba will be valued at no less than $35 billion in the Yahoo transaction, according to a statement today.
Forbes projected Ma’s wealth to be $2.7 billion on the 2012 Forbes Billionaires List published in March. The difference between the value of his Alibaba holding the estimated figure reflects that disposal and other investments.
Ma ranked No. 442 on the 2012 Forbes Billionaires List.
