Meet Joe Tsai’s son Dash Tsai, former Vice Chairman of Alibaba’s Net Worth Explained
Joe Tsai, a lawyer and businessman from Canada, is Dash Tsai’s father.
Joe, a 58-year-old billionaire, is equally interested in business and sports. He is the owner of the San Diego Seals of the National Lacrosse League, the New York Liberty of the Women’s National Basketball Association, and the Brooklyn Nets of the American National Basketball Association (NBA). In addition, he frequently shows interest in a variety of other professional sports teams.
Kevin Durant’s ultimatum again caused Joe’s name to go viral online. If the Nets want Kevin, they’ll have to remove coach Steve Nash and general manager Sean Marks, according to a maniacal Kevin. Finally, Nets owner Joe Tsai responded to Kevin Durant’s trade-me tantrum like a savvy businessman would. Tsai handled the problem skillfully and with composure. Durant is ready to rejoin the team after things appear to have calmed down.
Joe Tsai’s son Dash Tsai
Dash, Alex and Jacob Tsai are the three children of multimillionaire Joe Tsai.
Like his father, Dash Tsai plays lacrosse. He plays lacrosse for the Bishops School boys’ varsity team. The middle child, Dash, enjoys playing basketball. He played basketball for The Bishops School from 2017 to 2021.
2020 marked his high school graduation. His father, who played lacrosse for Yale’s collegiate team for four years, is the source of his enthusiasm for the game. In addition, his sister Alex Tsai is an experienced lacrosse player. She continued to play lacrosse into her junior year of college before retiring from the sport.
Joe is a big fan of his son’s sporting activities. He frequently tweets on Twitter about his son’s development and support. However, it is clear that Joe enjoys watching his son play lacrosse more as he can relate to it. Dash’s father explained that he saw Dash do a lacrosse move during the basketball game and that children should participate in a variety of sports.
Who is Joe Tsai
Tsai was born in Taipei, Taiwan, to Ruby Tsai and Paul C. Tsai, a second-generation lawyer (Chinese: died 2013). The three younger siblings he has are Benjamin, Eva and Vivian.
As part of the Kuomintang exodus following the communist takeover of mainland China in 1949 during the Chinese Civil War, the Tsai family fled to Taiwan. Tsai was relocated to the United States at age 13 to attend Lawrenceville School in Lawrenceville, New Jersey, where he attended Cleve House and played football (inside linebacker) and lacrosse. Tsai enrolled at Yale University, the school his father attended. He spent four years on the Yale varsity lacrosse team and has since become a fan.
Tsai graduated from Yale College in 1986 with a BA in Economics and East Asian Studies. He attended Yale Law School, where he served as the article editor of the Yale Law & Policy Review, to receive his JD in 1990.
Joe Tsai’s career
After graduating, Tsai joined the prestigious law firm of Sullivan & Cromwell as a tax attorney. On May 6, 1991 he was admitted to the bar in New York.
He spent three years at the law firm before moving to private equity and accepting a position as vice president and general counsel at Rosecliff, Inc., a small management buyout firm based in New York. He joined Investor AB in Hong Kong in 1995 where he was responsible for the firm’s Asian private equity investments.
He first met Jack Ma in this capacity in Hangzhou in 1999 after being introduced to him by an acquaintance who was trying to sell Ma his own business. Although Tsai was intrigued by Ma’s vision of establishing a global import and export market and his captivating demeanor, it was the energy and passion of Ma’s supporters that ultimately won Tsai over. Later that year, he resigned his $700,000-year position at Investor AB and offered to work for almost nothing as a founding team member for Ma. Each of Alibaba’s then 18 co-founders – of which Tsai was the only member with a Western education – accepted an annual salary of just $600. He was a founding member of the Board of Directors, Chief Operation Officer and Chief Financial Officer. Considering that none of the other team members had a background in venture capital or law, he was responsible for creating the overall financial and organizational structure of Alibaba. In May 2013, he was appointed Executive Vice Chairman of Alibaba. He is now the second largest single shareholder of Alibaba after Ma.
Joe Tsai franchise
Tsai took over as owner of the NBA’s Brooklyn Nets and chairman of the Barclays Center in September 2019. In October 2017, he made his first investment in the NBA franchise by buying a 49% stake in the Nets from Russian billionaire Mikhail Prokhorov in a deal valued at $2.3 billion. He also has the option to buy the remaining stake in the team until the end of 2021. In August 2019, Tsai decided to execute this option and at the same time bought Prokhorov’s Nets Arena for about $1 billion in a separate transaction.
The Long Island Nets of the NBA G League and the Nets Gaming Crew of the NBA 2K League are both owned by Tsai and part of the Nets organization. Tsai oversaw a group that purchased the Madison Square Garden Company’s New York Liberty in January 2019.
Tsai plays lacrosse on the Yale varsity team and is an avid fan of the game. He is co-owner of the Las Vegas Desert Dogs and the San Diego Seals, both of whom play box lacrosse professionally in the National Lacrosse League (NLL). Along with Wayne Gretzky, Dustin Johnson and Steve Nash, Tsai owns the 15th NLL team, the Las Vegas Desert Dogs, who play their home games in Las Vegas.
He is also Chairman of J Tsai Sports, which has assets in the Premier Lacrosse League, the nascent Field Lacrosse League and a number of sports media and technology companies headquartered in North America and Asia. Tsai helped fund the new lacrosse league founded by lacrosse player Paul Rabil and his brother Mike Rabil in February 2019 by investing in the Premier Lacrosse League alongside The Chernin Group and The Raine Group.
Tsai joined a team led by Michael Rubin to purchase the Carolina Panthers in March 2018.
Los Angeles FC, a member of Major League Soccer, has Tsai as a stakeholder.
Personal Life of Joe Tsai
Tsai is a Hong Kong and Canadian citizen.
He is married to Clara Ming-Hua Wu, a descendant of Taipei’s first elected mayor, Wu San-lien.
Wu attended Lawrence High School while growing up in Lawrence, Kansas. Wu also holds an MBA from Harvard Business School and a degree in International Relations from Stanford University. She serves as a Taobao advisor as well as a trustee for The Bishop’s School. Three children were born to Tsai and Wu. They have lived in Hong Kong for more than ten years, but currently they spend most of their time in San Diego, in the borough of La Jolla, California. Tsai continues to reside in Hong Kong and spends most of his time there on business. Tsai invested $188 million in a penthouse at 220 Central Park South in January 2022.
Politics by Joe Tsai
On October 7, 2019, Tsai responded to Houston Rockets general manager Daryl Morey’s tweet in favor of the Hong Kong protests.
Tsai, in an open letter to all NBA fans on his Facebook page, explained that Strong national sentiments against territorial losses, particularly those allegedly caused or escalating by foreign entities, and separatist movements caused Morey’s tweet to create strong negative sentiment in China triggered. As an example, Tsai cited historical foreign invasions of China.
Joseph Tsai: How is he?
Joe Tsai has made a tremendous climb up the ladder of success. He has a strong personality and interests in many different fields.
In addition to owning the Brooklyn Nets of the American National Basketball Association (NBA), the New York Liberty of the Women’s National Basketball Association (WNBA) and the San Diego Seals of the National Lacrosse League, he is also the co-founder and executive vice chairman of the Chinese multinational technology company Alibaba Group.
Tsai, a Canadian citizen, is a well-known businessman in this country and was a former attorney at Sullivan & Cromwell LLP. He came from a well-known legal family in Taiwan at birth. In 1977, Tsai immigrated to the country and enrolled at the prestigious boarding school Lawrenceville School in New York. In 1990 he graduated from Yale University.
Tsai first met Jack Ma while working as a private equity investor for Investor AB, part of the Wallenberg family, a Swedish corporate dynasty. He teamed up with Ma and invested in his project after being inspired by the concept of creating a world market for imports and exports. He quit his position at Investor AB and offered to join Ma’s founding team for next to nothing. At Alibaba, which Ma founded, he was a founding board member, chief operating officer and chief financial officer.
His work is not just limited to business. He makes large financial investments in the sports industry. He is stepping down as chairman of Barclays Center and owner of the NBA’s Brooklyn Nets. He is also a co-owner of the San Diego Seals and the Las Vegas Desert Dogs, two National Lacrosse League box lacrosse (NLL) teams. Tsai co-owns the 15th NLL team, the Las Vegas Desert Dogs, along with Wayne Gretzky, Dustin Johnson and Steve Nash, who play their home games in Las Vegas.
He also oversees J Tsai Sports as Chairman. He has also invested in the Premier Lacrosse League, the fledgling Field Lacrosse League, and several sports media and technology companies.
Recently, he and his wife Clara Wu Tsai contributed to the fundraiser for the construction of the Tsai Lacrosse Field House on May 31, 2021. However, due to the pandemic, the official opening and inauguration ceremony has been postponed to spring 2022.
Alibaba Executive Vice Chairman Joe Tsai Net Worth
Joe Tsai’s current net worth is $8.3 billion according to Forbes.
According to the Forbes World Billionaires List 2022, he is ranked 254th. Tsai chooses to live a humble life despite her huge income. He never backs down from a task and has a strong work ethic. He has used his money to raise the standard of several sports industries.
Tsai, along with his wife, participates in numerous charities and gives back values to the community. Through their charity, the two donated millions of masks, goggles and ventilators to New York City’s hospitals and nursing homes in 2020. In addition, Tsai and Clara committed $50 million to social justice and economic equality efforts to support Australia’s Black, Indigenous and People of Color (BIPOC).
|Date of birth||January 1964|
|Place of birth||Taipei, Taiwan|
|Wife||Clara Wu Tsai|
|children||Alex Tsai, Dash Tsai, Jacob Tsai|