Jack Ma Highest-Paid Business man in the World

  • By Carol Kearney
  • Beijing
  • Last updated on

Jack Ma
Jack Ma led People With Money’s annual list of the “100 highest paid business men” released on Saturday.
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It's been a rough year for the business man, but at least he has his millions of dollars to ease the pain. 60-year-old Jack Ma has taken the No. 1 spot on People With Money’s top 10 highest-paid business men for 2024 with an estimated $58 million in combined earnings.

UPDATE 22/12/2024 : This story seems to be false. (read more)

Jack Ma tops annual list of highest-paid business men

In 2022 it looked like the business man’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Saturday (December 21) that Ma is the highest-paid business man in the world, pulling in an astonishing $58 million between November 2023 and November 2024, a nearly $30 million lead over his closest competition.

People With Money’s factors

In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.

The Chinese business man has an estimated net worth of $185 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Ma Burger” chain) in Beijing, a Football Team (the “Hangzhou Angels”), has launched his own brand of Vodka (Pure Wonderma - China), and is tackling the juniors market with a top-selling perfume (With Love from Jack) and a fashion line called “Jack Ma Seduction”.

The ranking is significant for many Jack fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.

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