Meet man who was once richer than Mukesh Ambani, Gautam Adani, net worth dropped by Rs 2,06,576 crore

Mukesh Ambani and Gautam Adani are among the few names that pop up when you talk about the richest people in India. With a massive net worth of more than Rs 8,15,515 crore, Mukesh Ambani is currently the richest person in the Asia continent but this wasn’t always like this. The list of Asia’s richest people was once dominated by a man who was richer than both Mukesh Ambani and Gautam Adani. Almost 3 years ago in 2020, Jack Ma was the richest person in Asia, which means he was also richer than Mukesh Ambani and Gautam Adani. In 2020, the business tycoon’s net worth was Rs 18000 crore more than Mukesh Ambani. However, as the Indian economy recorded new heights, industrialists such as Gautam Adani and Mukesh Ambani soar touched new milestones. On the other hand, Jack Ma’s net worth dropped by almost Rs 2,06,576 crore in the last 2 years.

Jack Ma is co-founder of Alibaba Group and Yunfeng Capital. For those who are unaware, Alibaba Group is one of the biggest e-commerce companies in the world. Before founding Alibaba in 1999, Ma was an English teacher. The billionaire retired from Alibaba in 2019 and sits on the board of the Jack Ma Foundation.

Jack Ma disappeared from the public eye last year after he made a few controversial statements about the Chinese government. Turned out he was travelling the world to study agrotech. After coming back to China a few months ago, Ma invested in a new farm-technology company, 1.8 Meters Marine Technology.