JACK MA • his $75,000,000 G650ER Private Jet • VP-CZM

VP-CZM G650ER Jack Ma
Name:Jack Ma
Country:China / Hong Kong
Net Worth:$48 billion
Company:Alibaba
Born:September 10, 1964
Spouse:Cathy Zhang
Children:Ma Yuankun, Ma Yuanbao, another daughter
Residence:Peak Hill, Hong Kong
Jet Registration:VP-CZM
Jet Type:Gulfstream G650ER
Year:2020
Jet S/N:6411
Price:$70 million

Who is Jack Ma?

Ma is the co-founder of Alibaba and shareholder at Ant Group. He was born in September 1964. He is married to Cathy Zhang, they have 3 children.

Alibaba

Alibaba is a Chinese e-commerce company. Alibaba offers sales services via web portals, electronic payment services, and shopping search engines. The company is one of the world’s largest retailers. Ma founded the company with some friend in 1999. In that same year the company received a $25 million investment from Goldman Sachs.

Ma was Executive Chairman until 2019.

Ant Group

Ant Group is an affiliate company of the Alibaba Group. The group owns China’s largest digital payment platform Alipay

Jack Ma Net Worth

His net worth is estimated at $48 billion.

Philanthropy

He is the founder of the Jack Ma Foundation. The foundation’s main focus is health, education and entrepreneurship. Its Netpreneur Initiative grants ten prizes of one million dollars each to ten African entrepreneurs per year. And the foundation launched a $15 million fund to develop education in Tibet. It donated more than 1 million COVID19 tests to African countries.

Gulfstream G650ER

The Gulfstream G650ER is a twin-engine business jet airplane. It is produced by Gulfstream Aerospace. The ER stands for Extended Range. The plane has a range of  7,500 nautical miles/13,890 kilometers.

The new build price for a Gulfstream G650ER is approximately US$ 70 million. But customization can quickly increase the price by several million.

Brilliant Sky Blue Limited

Ma’s aircraft is owned by a Cayman Island company named Brilliant Sky Blue Limited.

Gulfstream G550

Before his current G650, he owned a Gulfstream G550 with registration N999HZ.

Joseph Tsai

Ma’s business partner and co-founder of Alibaba, Joseph Tsai is the owner of a Gulfstream G650 with registration VP-COR. Tsai’s wife Clara Wu owns a Bombardier Global XRS with registration N999YX.

Joseph Tsai’s net worth is $12 billion, so he can afford two private jets ;-)

Jack Ma