#254
Joseph Tsai
Overview
- Source of Wealth
- E-commerce
- Industry
- Technology
- Residence
- Hong Kong
- Education
- Yale University (Bachelor of Arts/Science)Yale University (Doctor of Jurisprudence)
- Marital Status
- Married
- Children
- 3
Assets
- Alibaba Group Holding263,086,000 shares @ --9988-HK
Biography
Joseph Tsai is a cofounder of Alibaba Group and ranks as its second-largest individual shareholder after Jack Ma.
He rose from vice chairman to chairman in 2023 amid rising competition for the e-commerce giant.
In 2024, five years after becoming the owner of NBA team Brooklyn Nets, Tsai sold 15% of its parent company BSE Global to American billionaire Julia Koch and her family for nearly $700 million.
He holds two degrees from Yale University--an undergraduate degree in economics and East Asian studies and a law degree.
Taiwan-born Tsai carries a Canadian passport.
About
Tsai accepted an initial salary of only $50 a month from Jack Ma when the pair first met in 1999.
He played lacrosse in high school and college and is an avid follower of the sport.