Jack Ma's wealth drops by over half to $30 billion in 3 years

Chinese billionaire Jack Ma's net worth has dropped over 50%, from the $61.2-billion peak recorded in 2020 to approximately $30 billion, according to Bloomberg Billionaires Index. Ma's wealth had fallen by $4.1 billion over the past year due to a fall in valuation of Ant Group, which he had co-founded. Ant Group's valuation has also dropped around 75% since 2020.