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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Jack Ma

No, Jack Ma Isn’t Putting 8-Year-Old ‘Mini Ma’ Through College

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Tekendra Parmar
Tekendra Parmar
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By
Tekendra Parmar
Tekendra Parmar
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November 15, 2016, 4:49 AM ET
Computing Coference 2016 Held In Hangzhou
HANGZHOU, CHINA - OCTOBER 13: Alibaba chairman Jack Ma makes speech during opening ceremony of the Computing Conference 2016 at Hangzhou Yunqi Cloud Town International Expo Centre on October 13, 2016 in Hangzhou, Zhejiang Province of China. The Computing Conference 2016 is held on October 13-16 with over 450 speech topics. Compared with its 2015 predecessor, Computing Conference 2016 reaches more Chinese cities and provides more useful information to perfectly embody the concept of "Computing Without Borders". (Photo by VCG/VCG via Getty Images)VCG—Getty Images
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Despite media reports to the contrary, Alibaba Executive Chairman Jack Ma is not funding the education of his 8-year-old doppelgänger, affectionately known online as “mini Ma.”

According to Chinese state-run news agency Xinhua, the tech mogul offered to fund the education of his lookalike from elementary school to college, winning headlines for his purported generosity. However, a spokesperson from Alibaba (BABA) on Tuesday denied the reports.

“This news is completely false,” he told Fortune.

Guess who's the real #JackMa of #Alibaba? The 2nd richest Chinese to fund education of his poor 8-yr-old look-alike https://t.co/iw5mZRJ8bf pic.twitter.com/S61ZTuRlsb

— China Xinhua News (@XHNews) November 14, 2016

Xinhua reported that Fan Xiaoqin, a little boy from China’s Jiangxi province, was dubbed “mini Jack Ma” in 2014, when photos of him were taken by someone in his village and circulated online bearing a close resemblance to the tech giant’s younger self. “The boy soon became a cyber-celebrity and his plight has moved many,” the agency reported. “Ma was impressed with the look-alike.”

Xinhua reported that Alibaba had released a statement on Sunday confirming Ma’s commitment, saying: “To fund one child’s education is easy, but in order to help millions of poor children, more resources need to be used.”

For more on Alibaba, watch Fortune’s video:

Jack Ma himself did not come from wealthy means. He began his career as an English teacher and translator and went through a series of job rejections early in his career, including a rejection from KFC, before founding Alibaba Online in 1999.

Since then, Ma, one of China’s richest men, has appeared on TIME’s 100 most influential people list, and by some estimates, has a net worth of more than $30 billion.

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