Alibaba cofounder Jack Ma — the richest person in China — is retiring. Here's his incredible rags to riches story.

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Alibaba cofounder Jack Ma — the richest person in China — is retiring with a net worth of $38 billion. Here's his incredible rags-to-riches story.

Alibaba cofounder Jack Ma announced that he would step down as the company's chairman on his 55th birthday September 10th, Business Insider previously reported. A former teacher, Ma said in May that he would return to the classroom upon his retirement from Alibaba. Ma faced criticism after calling President Trump"open-minded" and that"China and US will never have a trade war" in 2017, Business Insider previously reported.

Alibaba cofounder Jack Ma announced that he would step down as the company's chairman on his 55th birthday September 10th, Business Insider previously reported. A former teacher, Ma said in May that he would return to the classroom upon his retirement from Alibaba. Ma faced criticism after calling President Trump"open-minded" and that"China and US will never have a trade war" in 2017, Business Insider previously reported.

 

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