Rank #247
Joseph Tsai
Net worth $12.6B
E-commerce · Canada
- Born
- Jan 19, 1964
- Age
- 62
- Source
- E-commerce
- Residence
- Hong Kong
- Citizenship
- Canada
- Marital status
- Married
- Children
- 3
- Education
- Bachelor of Arts/Science, Yale University; Doctor of Jurisprudence, Yale University
Net worth over time
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.
- 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.
Financial assets
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