What is Daniel Zhang net worth?
Daniel Zhang net worth 2023: Daniel Zhang Yong is a Chinese technology executive. He is currently the CEO of Alibaba Group. Before becoming the CEO, Zhang was best known for his roles as CEO of Taobao.
Early life and Career
Zhang was born in Shanghai in 1972. He studied finance at Shanghai University of Finance and Economics.
After Graduation, he worked for the British bank – Barings Bank, just before the bankruptcy due to trader Nick Leeson. 1995-2002, he worked for one of the former “Big Five” accounting firms Arthur Andersen which collapsed due to the Enron scandal. He then worked for PwC for 2 years from 2002.
Zhang first joined Taobao an Alibaba subsidiary in 2007 as its Chief Financial Officer. The following year he became the Chief Operating Officer of Taobao. In 2011, Zhang was promoted to President of Tmall, a business-to-consumer shopping spinoff from Taobao. It was during his time running Tmall that Zhang launched the Single’s Day shopping event.
In 2013, Zhang was promoted to Chief Operating Officer of Alibaba Group, and eventually succeeded Jonathan Lu as the CEO in 2015. On September 10, 2018, Jack Ma announced that Zhang would also take over as executive chairman, effective in 1 year on September 10, 2019.
Read Richest Man in Asia
Alibaba employees pick nicknames for themselves when they first join the company. Daniel Zhang’s nickname is “Free and Unfettered Person”
Daniel Zhang Net Worth
Daniel Zhang net worth is $1 billion. He is one of the richest people in China. Zhang is also a member of the investment committee at Alibaba financial services arm Ant Group. Zhang created the Singles’ Day shopping holiday, an annual Chinese sales event with gross sales three times higher than Black Friday and Cyber Monday combined.
|Net worth||$1 billion|
|Name||Daniel Zhang Yong|
|Date of birth||January 11, 1972|