Joseph Tsai and Clara Wu Tsai are divorcing after 30 years. The split is amicable and will not affect Alibaba ownership or their stakes in the Brooklyn Nets and New York Liberty.
Alpha Score of 46 reflects weak overall profile with poor momentum, strong value, weak quality, weak sentiment.
Alibaba Group Chairman Joseph Tsai and his wife Clara Wu Tsai are divorcing after about 30 years of marriage, a spokesperson confirmed to Page Six. The split is amicable, and the couple said their business operations – including their controlling stake in the Brooklyn Nets and New York Liberty – will remain unchanged.
Joe Tsai will keep his role as chairman of Alibaba, the e-commerce giant he co-founded with Jack Ma in 1999. The divorce will not affect Alibaba's ownership, and the couple does not plan to sell any of the company's shares, according to the report.
The Tsais own 85% of Brooklyn Sports & Entertainment, the parent company of the NBA's Nets and the WNBA's Liberty. Joe will remain chairman of BSE Global, and Clara Wu will continue as vice chair. They also plan to eventually involve their three adult children in the businesses.
The couple married in October 1996. Their wealth is estimated at $9.7 billion, according to the Bloomberg Billionaires Index, including a combined 1.9% stake in Alibaba – 1.4% held directly and 0.5% through the Joe and Clara Tsai Foundation.
Alibaba's BABA stock page shows an Alpha Score of 54 out of 100, classified as Mixed, reflecting the company's ongoing challenges in a competitive Chinese tech landscape. The divorce itself carries no direct financial risk to the company, given the couple's stated intention to hold their shares.
The Tsais acquired full ownership of the Nets and Liberty in 2019 for $2.35 billion, then a record for an American sports franchise. In 2024, the billionaire Koch family bought a 15% stake in BSE Global.
“They will continue to own and be stewards of the teams with professional management in place as they always have. In the long run, they also plan to involve their children,” the spokesperson said.
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