HONG KONG: Jack Ma, China's richest man, is laying the groundwork for a future away from Alibaba Group Holding Ltd, the company he co-founded and turned into an e-commerce juggernaut.
In an interview with Bloomberg TV, the Alibaba chairman said he is dedicating more of his time and fortune to philanthropy with the creation of a foundation in his own name focused on education, following in the footsteps of fellow billionaire Bill Gates. Ma, who turns 54 on Monday, has a net worth of more than US$40bil according to the Bloomberg Billionaires Index.
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