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lol there is no way he made $21b before IPO....
Zeebjii is right. Jack Ma is already worth $21 bil before IPO. His assets include 7.3% of Alibaba's (capitalization, not revenues) and 50% of Alipay, a breakaway entity from Alibaba. The latter wasn't included in previous estimates of his net worth
His assets include a 7.3 per cent economic interest in China's largest e-commerce business, which is preparing for what could be the largest initial public offering in US history, and almost half of the parent of Alipay, a separate online-payment service that previously hadn't been included in his net worth .
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst