Jack Ma or Ma Yun (Chinese: 马云; born October 15, 1964)[2] is a Chinese business magnate and philanthropist. He is the founder and executive chairman of Alibaba Group, a family of highly successful Internet-based businesses. He is the first mainland Chinese entrepreneur to appear on the cover of Forbes.[3] As of November 2014, he is the richest man in China (HK not included) and 18th richest person in the world, with an estimated net worth of $29.7 billion according to Bloomberg Billionaires Index.[4]