---
title: Alibaba Founder Jack Ma's Net Worth Went Up $2.8 Billion Overnight
description: Jack Ma's net worth increased $2.8 billion overnight as Alibaba's forecast sales growth topped analysts' estimates
authors:
  - name: Lisa Marie Segarra
    url: https://money.com/author/lisa-marie-segarra/
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published: '2017-06-09T18:06:42.000Z'
modified: '2024-04-17T06:03:55.000Z'
section: Business
tags:
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![CeBIT 2015 Technology Trade Fair](https://img.money.com/2017/06/gettyimages-466480018.jpg)
*Alibaba Group Executive Chairman Jack Ma*

[Jack Ma's](https://time.com/4090527/jack-ma-rejection-advice/) net worth increased $2.8 billion overnight as Alibaba's forecast sales growth topped analysts' estimates.

Ma, now the richest person in Asia and [Alibaba's](http://www.thedrive.com/tech/8338/alibaba-could-put-augmented-reality-navigation-in-cars-this-year) chairman, now has a net worth of $41.8 billion, [according to Bloomberg.](https://www.bloomberg.com/news/articles/2017-06-09/asia-s-richest-man-sees-net-worth-soar-2-8-billion-in-a-day?cmpid=socialflow-facebook-markets&utm_content=markets&utm_campaign=socialflow-organic&utm_source=facebook&utm_medium=social) Ma's net worth has already grown by $8.5 billion this year alone, and stands as the 14th wealthiest person in the world.

Alibaba is the largest e-commerce company in [China](https://time.com/4810846/china-energy-climate-change-paris-agreement/).

The company saw a forecast revenue growth of 45 to 49%. Shares rose 13% to a record high as well, prompting Ma's net worth growth, Bloomberg reported. The company is also moving into other services including music streaming and video.

Ma founded Alibaba in 1998.

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