Clara Wu Tsai is an American Philanthropist, Businesswoman, and activist on criminal justice. Her husband, Joseph Chung-Hsin Tsai is the co-founder and executive vice-chairman of Alibaba Group. Clara Tsai is also the co-owner of numerous basketball teams. Earning $100 million per year, Clara Wu Tsai is estimated to have a net worth of $10 billion!
Early Life
Clara Ming-Hua Wu is the full name of Clara Wu Tsai. She is a billionaire businesswoman.
Wu Tsai was born in the sixth-largest city of Kansas, United States, in 1966. Her father, Dr. De Min Wu was a professor of economics at the University of Kansas. Her mother’s name is Chin-Sha Wu.
Talking about education, Clara Wu Tsai attended Harvard High School and completed her early education. Later, she took her bachelor’s degree from Stanford University. Wu Tsai completed her master’s degree in international relations.
Clara Wu Tsai received an MBA degree from Harvard University. There are strong educational values in the Tsai family.
Career
After completing her higher education, Clara Wu Tsai joined the multinational corporation, The American Express Company, as the vice president in the business analyst unit and a senior manager.
Tsai has achieved much success in her career. Clara Wu Tsai also worked as an Executive at Alibaba subsidiary company — Taobao.
Wu Tsai worked in the Hong Kong department in Taobao. She became a board member and founding member of the non-profit organization — REFORM Alliance. Talking about REFORM Alliance, it is well known for establishing criminal justice.
Apart from business ventures, Clara Wu Tsai is a basketball enthusiast. She is the co-owner of basketball teams like — Brooklyn Nets, The New York Liberty, Barclays Center, and the San Diego Seals.
Wu Tsai and her husband, Joseph Tsai, bought the NBA team, Brooklyn Nets, in January 2019.
Clara Wu Tsai Net Worth:
As of this writing, Clara Wu Tsai is estimated to have a net worth of $10 billion. Her net worth is nine times less than the richest businesswoman — Francoise Bettencourt Meyers. Clara Wu Tsai makes an annual salary of $100 million per year. Her husband, Joseph Tsai, is also a billionaire businessman.
Clara Wu Tsai Net Worth Growth
| Net Worth in 2017 | $7 billion |
| Net Worth in 2018 | $8 billion |
| Net Worth in 2019 | $9 billion |
| Net Worth in 2020 | $9.6 billion |
| Net Worth in 2021 | $10 billion |
How Clara Wu Tsai make money?
Clara Wu Tsai has grossed most of his net worth through her business ventures. She first worked for the American Express Company. Wu Tsai was a senior manager and the vice president in the business analyst unit of this company.
Being a senior manager of American Express, Clara Wu Tsai made an annual salary of $137,826. She took 6% more than the average salary of the Company. A manager of American Express Company takes $80k per year.
In Taobao, Clara Wu Tsai worked as an Executive. She took $90k or more from Taobao as the Executive manager. Wu Tsai worked in the Hong Kong department while serving in Taobao.
Apart from business ventures, Clara Wu Tsai and her husband are the co-owner of numerous basketball teams including the famous Brooklyn Nets. Owners of NBA teams are reported to earn around $12-$30 million per season.
Thus, Clara Wu Tsai has grossed well enough being the co-owner of the Brooklyn Nets, Barclays Center, the New York Liberty, and the San Diego Seals.
Personal Life
The co-founder of Alibaba Group, Joseph Tsai, and Clara Wu Tsai dated for many years. They tied the knot on 4 October 1996.
The Tsai couple is now blessed with three children. They are Alex, Dash, and Jacob. Clara Tsai and Jacob Tsai have worked on numerous Philanthropic activities of massive scale.
The name of Wu Tsai Neuroscience Institute should be mentioned here. The Tsai couple gifted $250 million to the institute.
Besides, Clara Tsai and Joseph Tsai founded the Tsai Foundation which works on social justice, economic mobility, and creativity. They have also donated to Yale University to establish Wu Tsai institute which will focus on neurodevelopment research.
Clara Wu Tsai: At a Glance
| Full Name | Clara Ming-Hua Wu |
| Gender | Female |
| Date of Birth | 1966 |
| Birth Place | Lawrence, Kansas, United States |
| Spouse | Joseph Tsai |
| Children | 3 |
| Profession | Businesswoman, Philanthropist |
| Nationality | American |
| Net Worth | $10 billion |
| Annual Income | $100 million |
Sources
- https://www.glassdoor.com/Salary/American-Express-Senior-Manager-Salaries-E35_D_KO17,31.htm#:~:text=American%20Express%20Salary%20FAQs&text=The%20average%20salary%20for%20a,per%20year%20for%20this%20job. — Salary of a Senior Manager in American Express Company.
- https://www.nytimes.com/1996/10/06/style/clara-wu-and-joseph-tsai.html — New York Times report on the Tsai couple.
