Jack Ma is the humble CEO of the Alibaba Group, one of China's most formidable online shopping sites. He is also the owner of a whopping $193 million estate located at 22 Barker Road in the posh Victoria Park district.
An ibtimes.com article reported on the Alibaba chairman's recent purchase despite the slowing down of the Chinese stock market. The mansion allows visitors to have an 1,858-square-meter (nearly 20,000-square-foot) private garden and a 270-degree view of Victoria Harbor as well. It was said to be bought from the telecommunications businessman named Francis Yu. The price per square foot ranks second only to Antilia (Mumbai), which is currently owned by Indian multibillionaire Mukesh Ambani. Ambani's home is actually worth $1 billion at $25,000 per square foot.
Fortune.com also featured Jack Ma's new home and how it is said to be the world's 2nd most expensive home, with a comment from a Wei Gu saying "Is this humble house the new home for #alibaba Jack Ma? Sold for HK$1.5 billion, on the peak." @SCMP_News 4:54 PM - 13 Aug 2015.
However, an image of the pricey home made public seems unlikely to be true. Click on this link to view it here.
Still in the same ibtimes.com article, with this property purchase, it appears Ma isn't that worried about the struggle going on in the Chinese stock market, and the impact on Alibaba's slow growth. Better yet, it could just relate down to Jack Ma's $22.7 billion estimated personal net worth. Ma also ranked #7 on Forbes' "Richest in Tech" list for this year, and topped the "China Rich List" for last year. He also bought a $23 million worth 28,100-acre Adirondacks property. A report on variety.com mentioned Ma spending $36.5 million on still another prime property in Hong Kong's Branksome Crest back in 2007.
Jack Ma's net worth is at $22.7 billion, according to Forbes.com