Jack Ma’s fortune jumps over $2 billion after record antitrust fine on Alibaba

The penalty imposed on the group seems to have marked the end of the antitrust probe against the company, at least for the time being. It has brought relief to all of Alibaba’s investors. Jack Ma's personal net worth has also gone up after the fine.

Chinese billionaire Jack Ma’s personal net worth climbed over $2 billion after a record antitrust fine was imposed on Alibaba Group Holding Ltd. A few days after the fine was imposed, Alibaba had thanked the Chinese regulators. “Alibaba would not have achieved our growth without sound government regulation and service, and the critical oversight, tolerance and support from all of our constituencies have been crucial to our development,” the company said in an open letter. The penalty imposed on the group seems to have marked the end of the antitrust probe against the company, at least for the time being. It has brought relief to all of Alibaba’s investors and founder Jack Ma.