Joseph C. Tsai He is a Taiwanese-Canadian businessman and is co-founder and executive vice president of Alibaba Group Holding Limited. He was the only senior executive with Western education in Alibaba at the time. Tsai owns 49% of the team of the National Basketball Association of the Brooklyn Nets. It is ranked as the # 147 billionaire in the world and # 8 in the 50 richest in Hong Kong as in 2019.
Trend News
- Joseph C. Tsai is about to reach an agreement to take control of the Brooklyn Nets basketball team of Russian billionaire Mikhail Prokhorov as the sport grows in popularity in China.
Source: @ newsday.com
Joseph C. Tsai famous for?
- Joseph C. Tsai is famous as co-founder and vice president of the Alibaba Group.
- It is also one of the names in the billionaire ranking of the world as of 2019.
The early life of Joseph C. Tsai: Date of birth / Parents / Education?
Joseph Tsai was born in January 1964 in Taipei, Taiwan. His birth name is Tsai Chung-Hsin. His nationality is Taiwan and also Canadian citizenship. His ethnicity is Taiwanese with Cancer as his zodiac sign.
Tsai was born from Dr. Paul C. Tsai (father) and Ruby Tsai (mother). His father was a second generation lawyer and the first person from Taiwan to receive a J.S.D title from Yale Law. Paul died in 2013.
Joseph was raised with his three younger brothers, Eva, Vivian and Benjamin.
Tsai attended Lawrenceville at the age of 13 where he played lacrosse and was also a member of Cleve House. Then he enrolled in his father's alma mater, at Yale University, there he also played lacrosse.
He received a bachelor's degree in economics, East Asian studies from Yale College in 1986 and a Juris Doctor degree from Yale Law School in 1990.
Source: @ bloomberg.com
The career of Joseph C. Tsai?
- Joseph Tsai began his career as a tax associate at ' Sullivan & Cromwell ' in 1990, just after graduation.
- After three years at the law firm, he worked in private equity and joined Rosecliff, Inc., as vice president and general counsel.
- He then joined Investor AB in 1995, where he met Jack Ma in 1999 through his friend.
- Tsai was impressed with Ma's idea of creating an international import and export market, as well as his charismatic personality.
- Later, he quit his $ 700,000 work a year at Investor AB and joined Ma as a member and, together with Ma, established the "Alibaba Group" in 1999.
- Tsai was the main contributor to the rise of Alibaba. He played a vital role since joining in 1999 to organize the financing of Soft Bank, etc. initially.
- Tsai was the only educated member in the West who was in Alibaba, where he accepted a salary of only $ 600 a year.
- He initially served as chief operating officer, chief financial officer and founding member of the Alibaba board. Later, in May 2013, he became the executive president of Alibaba.
- In addition, it has become the second largest individual shareholder of Alibaba, just after Ma.
Source: @ marketwatch.com
* Property of the basketball stake
- Tsai is the owner of the San Diego Seals, a box lacrosse franchise with the National Lacrosse League.
- In 2017, Tsai announced the purchase of a 49% stake in the Brooklyn Nets of Russian billionaire Mikhail Prokhorov for $ 2.3 billion.
- In 2018, he bought the Carolina Panthers and in 2019, he led a group that bought the "New York Freedom of the WNBA", and in 2019 he invested in the "Premier Lacrosse League".
The personal life of Joseph C. Tsai: Dating / Married?
Joseph Tsai is married to Clara Ming-Hua Wu. Clara is the granddaughter of Wu San-Lien, the first elected mayor of the city of Taipei. Clara is an advisor to Taobao and also a member of the school's board of directors.
The couple married in 1996 and were blessed with three children.
Joseph, along with his wife and children, resides in La Jolla, near San Diego, California. However, he spends a lot of time in Hong Kong just for business.
Source: @ thebiglead.com
The net worth of Joseph C. Tsai: billionaire?
Alibaba Group co-founder, Joseph Tsai, has an estimated net worth of $ 9.4 billion. It is ranked number 147 in the world billionaire and number 8 in the 50 richest in Hong Kong in 2019.
Tsai has its large share of winning through its Alibaba Group, which is China's largest e-commerce company. Tsai also ranks as its second largest individual shareholder after President Jack Ma.
Tsai also has an online shopping site, Taobao and Tmall, which generates revenues of $ 56 billion and 654 million active customers in the year through March 31, 2019.
Joseph donated $ 30 million to his alma mater, Yale Law School, in honor of his late father to support the ongoing work of the Law School in 2016.
Source: @ canadianbusiness.com
Joseph C. Tsai body measurements: height / weight?
Joseph Tsai has a well maintained average body figure. He stands with a height of about 5 feet. 5 inches.
It has a clear complexion with brown eyes and black hair.
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