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5 Billionaires Investing In Fintech
Forbes Middle East - English
|April 2023
The aggregate net worth of these five billionaires-who are all investing in the Fintech sector-declined by $25.7 billion in over a year, hitting $50.4 billion on March 14, 2023, down from $76.1 billion on March 11, 2022. Here's how their fortunes have changed. Net worths are as of March 14, 2023.
• Jack Ma
Net worth: $23.5 billion
Annual change: $700 million
Company: Ant Group
Citizenship: China
Jack Ma’s Fintech company Ant Group was first established as Alipay in 2004 to provide online sellers and buyers with payment solutions. Today, Alipay China delivers payment services to more than one billion users and 80 million merchants. In January 2023, Ma announced that he was giving up control of Ant Group to allay regulatory concerns about the business. This move comes more than two years after regulators in Beijing suspended the company’s planned IPO as part of a larger crackdown on Chinese tech giants. Ma is one of the world’s richest e-commerce billionaires and is also the co-founder of Alibaba.
• Pierre Omidyar
Net worth:
This story is from the April 2023 edition of Forbes Middle East - English.
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