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10

Jack Ma

Photograph by Qilai Shen—Bloomberg via Getty Images
  • Title
    Executive Chairman
  • Company
    Alibaba

When G-20 leaders met in Hangzhou this year, Jack Ma was there to propose a globally connected e-commerce plan. When George Soros predicted gloom in China’s economy, Ma countered with a bullish picture. When the list of the country’s top philanthropists was released, Ma topped it. With a merry personality, good English, and a willingness to give speeches almost anywhere, Ma has become the de facto leader of China’s business order. Alibaba has as well. After the company spent $1 billion to buy a leading Southeast Asian e-commerce site, Alibaba’s business expanded internationally, as it did in all other directions, from media to payments to food delivery. The result: Operating income has risen by a factor of nearly seven since 2012. And Alibaba’s stock is up 20% in 2016.

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