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 the father of Dash Tsai.
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 to this, he frequently exhibits interest in a wide range of other professional sports teams.
The ultimatum from Kevin Durant once more caused Joe’s name to go viral online. If the Nets want Kevin, they must remove coach Steve Nash and general manager Sean Marks, according to a manic Kevin. Finally, Nets owner Joe Tsai responded to Kevin Durant’s trade-me tantrum as a savvy businessman would. Tsai handled the issue skillfully and with poise. Durant is ready to re-join the team now that things appear to have settled 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’s boys varsity team. The middle child, Dash, likes to play basketball. From 2017 until 2021, he played basketball for The Bishops School.
2020 marked his high school graduation. His father, who played lacrosse for the Yale varsity team for four years, is the source of his enthusiasm in the game. Additionally, his sister Alex Tsai is a skilled lacrosse player. She continued playing lacrosse into her junior year of college before giving up the sport.
Joe is a big fan of his son’s athletic pursuits. He frequently tweets on Twitter about his son’s development and his support. However, it is clear that Joe enjoys watching his son play lacrosse more since he can identify with it. Dash’s father stated that he saw Dash make a lacrosse move during the basketball game and that kids 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:, d. 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 moved to the United States at the age of 13 to attend the Lawrenceville School in Lawrenceville, New Jersey, where he participated in 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 as a player and has since become a fan.
Tsai graduated from Yale College in 1986 with a B.A. in economics and East Asian studies. He attended Yale Law School, where he served as articles editor of the Yale Law & Policy Review, to receive his J.D. in 1990.
Career of Joe Tsai
After graduating, Tsai joined the prestigious legal firm of Sullivan & Cromwell as a tax associate. On May 6, 1991, he was admitted to the New York bar.
He spent three years at the law firm before switching to private equity and taking a vice president and general counsel position at Rosecliff, Inc., a small management buyout company situated in New York. He departed in 1995 to join Investor AB in Hong Kong, where he was in charge of the company’s Asian private equity investments.
He initially met Jack Ma in this capacity in 1999 in Hangzhou after being introduced by an acquaintance who was attempting to sell Ma his own business. Although Tsai was intrigued by Ma’s vision to establish a global import and export market and by his captivating demeanor, it was Ma’s supporters’ vigor and passion that won Tsai over in the end. Later that year, he resigned from his $700,000-a-year position at Investor AB and offered to work for nearly nothing as a founding team member for Ma. Each of Alibaba’s 18 co-founders at the time—of whom Tsai was the lone member with a Western education—accepted a salary of just $600 annually. He served as founding board member, chief operational officer, and chief financial officer. Considering that none of the other team members had any background in venture capital or law, he was responsible for creating Alibaba’s entire financial and organizational structure. He was named Alibaba’s executive vice chairman in May 2013. After Ma, he is now Alibaba’s second-largest individual shareholder.
Franchises of Joe Tsai
Tsai took over as the NBA’s Brooklyn Nets’ owner and chairman of Barclays Center in September 2019. In October 2017, he made his first investment in the NBA franchise by buying a 49% part 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 by the end of 2021. In August 2019, Tsai chose to execute that option, and concurrently, she purchased the Nets’ arena from Prokhorov for about $1 billion in a separate transaction.
The NBA G League’s Long Island Nets and the NBA 2K League’s Nets Gaming Crew are both owned by Tsai and are 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 a fervent fan of the game. He is a co-owner of the Las Vegas Desert Dogs and the San Diego Seals, both of which play box lacrosse professionally in the National Lacrosse League (NLL). Along with Wayne Gretzky, Dustin Johnson, and Steve Nash, Tsai shares ownership of the 15th NLL team, the Las Vegas Desert Dogs, which plays its home games in Las Vegas.
In addition, he is the chairman of J Tsai Sports, which has assets in the Premier Lacrosse League, the upstart Field Lacrosse League, and a number of sports media and technology firms with headquarters in North America and Asia. Tsai contributed to the funding of the new lacrosse league established by lacrosse player Paul Rabil and his brother Mike Rabil in February 2019 by making an investment in the Premier Lacrosse League alongside The Chernin Group and The Raine Group.
Tsai joined a Michael Rubin-led team 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 citizen of both Hong Kong and Canada.
He is married to Clara Ming-Hua Wu, a descendant of Taipei City’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 kids were born to Tsai and Wu. They spent more than ten years living in Hong Kong, but they currently spend most of their time in San Diego, California’s La Jolla district. Tsai continues to reside in Hong Kong and spends the majority of his time there on business. Tsai invested $188 million in a penthouse at 220 Central Park South in January 2022.
Politics of Joe Tsai
On October 7, 2019, Tsai offered her opinion in response to Houston Rockets general manager Daryl Morey’s tweet in favor of the Hong Kong protests.
Tsai explained that Morey’s tweet sparked a strong negative sentiment in China because of strong national sentiment against territorial losses, especially those perceived to have been caused or escalated by foreign entities, and separatist movements in an open letter to all NBA fans on his Facebook page. Tsai used historical foreign invasions of China as an example.
Joseph Tsai: How Is He?
Joe Tsai has made a tremendous ascent up the success ladder. 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 a co-founder and executive vice chairman of the Chinese multinational technology company Alibaba Group.
Tsai, a citizen of Canada, is a well-known businessman in that country and was formerly an attorney with 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 encountered Jack Ma while working as a private equity investor for Investor AB, a part of the Wallenberg family’s, a Swedish corporate dynasty. He teamed up with Ma and invested in his scheme after becoming inspired by the concept of creating a world market for imports and exports. He resigned from his position at Investor AB and offered to join Ma’s founding team for almost nothing. In the organization Ma founded, Alibaba, he served as a founding board member, chief operating officer, and chief financial officer.
His endeavors are not just restricted to business, either. He makes large financial investments in the sports industry. He steps down as chairman of Barclays Center and owner of the NBA’s Brooklyn Nets. Along with this, he is a co-owner of the San Diego Seals and the Las Vegas Desert Dogs, two National Lacrosse League box lacrosse teams (NLL). Tsai co-owns the 15th NLL team, the Las Vegas Desert Dogs, which plays its home games in Las Vegas, along with Wayne Gretzky, Dustin Johnson, and Steve Nash.
Additionally, he oversees J Tsai Sports as chairman. He has also made investments 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 fundraising for the construction of the May 31, 2021, opening of The Tsai Lacrosse Field House. However, due to the pandemic, the official opening and dedication ceremony was postponed until the spring of 2022.
Net Worth Of Alibaba Executive Vice Chairman Joe Tsai
Joe Tsai’s current net worth is $8.3 billion, according to Forbes.
According to Forbes’ 2022 World’s Billionaire List, he is placed 254th. Tsai chooses to lead a modest life despite having such a huge income. He doesn’t back down from a task and has a strong work ethic. He has used his money to improve the standard of several sports industries.
Tsai, together with his wife, participates in numerous charities and values giving back to the community. Through their charity, the pair gave New York’s hospitals and nursing homes millions of masks, goggles, and ventilators in 2020. Additionally, Tsai and Clara dedicated $50 million to social justice and economic equality efforts in order to support Black, Indigenous, and People of Color (BIPOC).
Quick Facts
| Name | Joseph Tsai |
| Birthdate | January 1964 |
| Birthplace | Taipei, Taiwan |
| Nationality | Canadian |
| Age | 58 |
| Wife | Clara Wu Tsai |
| Children | Alex Tsai, Dash Tsai, Jacob Tsai |