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What Jack Ma Wants To Do with Alibaba Group Holding Ltd (BABA)’s Treasure?

Alibaba Group Holding Ltd (NYSE:BABA)’s CEO, Jack Ma, shared his thoughts on money and business with the CNBC team. As his company officially opened at a price of $94.5, putting the total value of the company at a record valuation of above $230 billion, he can be considered one of the richest men on the planet. Alibaba Group Holding Ltd (NYSE:BABA) started as an one apartment business about 15 years ago, but can get to the point of making in one day as much as a small sized developed state in one year in Gross Domestic Product. 1

There was a smile on his face and humor in his voice, after all, Jack Ma’s Alibaba Group Holding Ltd (NYSE:BABA) is the number one company in all headlines and practically the number one company in the world.

“When I was, I think 40 years ago, I asked my wife: do you want your husband to be a rich man or a respectable business guy? She said “of course a respectable business person”, because she never thought I would be a rich person,” said Jack Ma.

Many of us wonder what somebody can do with $25 billion. Alibaba Group Holding Ltd (NYSE:BABA)’s CEO did not reveal his actual plans for the money gained, but he hinted at an increase in spending.

“I said before I’m 50 years old my job is making money, helping other people making money. After I am 50 years old, which is today, I will be spending money trying to make sure more people get rich,” added Jack Ma.

He is close to 50 years of age, on October 15 Jack Ma will be celebrating his birthday, and the spending spree will begin. Hopefully, till then there will be no unpleasant surprises for the entrepreneur.

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