Date
21 July 2017
An aerial shot shows the Adirondacks property recently bought by Jack Ma for US$23 million. The 28,100-acre property is intended for conservation purposes and occasionally as a private retreat. Photo: WSJ
An aerial shot shows the Adirondacks property recently bought by Jack Ma for US$23 million. The 28,100-acre property is intended for conservation purposes and occasionally as a private retreat. Photo: WSJ

Wild game buff Jack Ma snaps up US$23 mln swath of NY mountains

Alibaba founder Jack Ma is the new owner of a sprawling property in the Adirondack mountains in upstate New York.

Ma quietly snapped up the property for US$23 million, largely for conservation purposes and occasionally as a private retreat, according to the Wall Street Journal.

For a fraction of his net worth — Ma has a US$36 billion fortune by Bloomberg estimates — the Chinese e-commerce billionaire with a penchant for wild game got 28,100 acres of the Adirondacks, complete with trout streams, woodlands and a maple syrup-making business.

The estate has more than 14.5 kilometers of the St. Regis River and includes a 1940s log camp behind its gated entrance.

There are two homes on the property and a horse barn. 

Ma bought the property in May and plans to form a non-profit company to manage it.

– Contact us at english@hkej.com

RC/RA

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