Alibaba Group Holding Ltd Founder Jack Ma: 'When You See These Shareholders, It's A Responsibility'

Loading...
Loading...

Alibaba founder Jack Ma is worth at least $21.9 billion, according to Bloomberg.

As his company takes center stage on Wall Street this Friday, Ma spoke with CNBC at the New York Stock Exchange today, and commented on shareholders and his vision for the future. 

"Today...what we've got is trust from the people," the Alibaba Group Holding Ltd BABA founder remarked. "Millions of small businesses, so many shareholders.

"I'm very honored and so excited, because when you see these shareholders, it's a responsibility," he added. Alibaba is offering 320,106,100 shares in its IPO. 

Additionally, Ma says he's keeping an eye on what's next: "I've been thinking about the next five to ten years, and how I can make sure these shareholders will be happy...if they're successful, we'll all be happy."

Disclosure: At the time of this writing, the author had no position in the equities mentioned in this report.

Market News and Data brought to you by Benzinga APIs
Posted In: CNBCMediaAlibaba IPO
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...