Alibaba's Jack Ma Just Bought 28,100 Acres in Upstate New York – Here's Why

Chinese billionaire Jack Ma just shelled out $23 million for a property in New York's Adirondacks that was once owned by William A. Rockefeller, Jr. But that's no dent in Ma's overstuffed wallet. The co-founder and acting chairman of Alibaba is both the richest man in China and the 18th richest in the world. Here's a look at Ma's latest expansion into the U.S. - 28,100 acres in one of America's most beautiful nature preserves - and what he intends to do with it... Tags: Alibaba , Alibaba CEO Jack Ma , Alibaba IPO , Alibaba’s Jack Ma , baba , Jack Ma , Jack Ma Alibaba , Jack Ma conservation , Jack Ma net worth , Jack Ma philanthropy , NYSE: BABA To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Alibaba's Jack Ma Just Bought 28,100 Acres in Upstate New York – Here's Why appeared first on Money Morning - We Make Investing Profitable .