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HIS WEALTH IS LIMITED
This has weighed on China’s technology and real estate companies, and the net worth of the country’s wealthiest people has plummeted. Ma, who was at his peak in October 2020 and has a net worth of about $61 billion, now has a net worth of about $30.7 billion, according to the Bloomberg Billionaires Index. This is partly because Alibaba’s share price is down 75% since 2020.
On the other hand, Ma became the CEO of Alibaba in 2019. Ma still sits on the board of directors of the company she founded.