2021-01-05 Here Is How Jack Ma Turned His Ant Group Into A trillion-dollar Giant

Among Jack Ma's businesses, Ant group is definitely the one he loves the most. half a year ago, Jack Ma sold around 220 million shares of Alibaba, lowering his shares to 4.8%, below the 5% threshold which he should maintain to control Alibaba. Of course, Joseph, another permanent partner of Alibaba holds another 1.8%, and that helps him continue his reign over Alibaba.

We still do not know why he sold such a big percentage of Alibaba shares, but obviously, he wanted to do more things, among which his Ant Group was definitely the one that drew most of his attention.

If the IPO of his Ant Group is successful, its value was initially appraised at 270 billion US dollars, once on the market, the value will probably soar up to 3 trillion RMB, and Jack Ma would probably be very close to a trillionaire in RMB, not a billionaire anymore. With 3 trillion RMB as Ant Group's market value, Jack Ma's wealth will easily exceed 100 billion US dollars, making him one of the world's top 10 richest men, with Jeffrey Bezos, Elon Musk, Bill Gates, and Warren Buffet ranking a little higher than him.