Jack Ma - How I Overcame Failure

In 2017, Jack Ma was ranked second in the annual "World's 50 Greatest Leaders" list by Fortune. He has widely been considered as an informal global ambassador for Chinese business, and is an influential figure for the community of startup businesses. In September 2018, he announced that he would retire from Alibaba and pursue educational work, philanthropy, and environmental causes,the following year, Daniel Zhang succeeded him as executive chairman.

As of April 2021, with a net worth of $51.5 billion, Ma is the third-wealthiest person in China (after Zhong Shanshan and Ma Huateng), as well as one of the wealthiest people in the world, ranked 26th by Bloomberg Billionaires Index. In 2019, Forbes named Ma in its list of "Asia's 2019 Heroes of Philanthropy" for his work supporting underprivileged communities in China, Africa, Australia, and the Middle East.