Launched last decade, the low-profile Joe and Clara Tsai Foundation channels the fortune of billionaire couple Joe and Clara Wu Tsai, worth more than $11 billion as of this writing. Born in Taiwan, Joseph Tsai is vice chairman and co-founder of Chinese multinational titan Alibaba Group, and is its second-largest individual shareholder after Jack Ma.

A few years ago, the Tsais purchased the Brooklyn Nets, who play their home games at Barclays Center—a new sports and entertainment hub that has come to characterize the New York City borough’s renaissance. While injuries prevented the Nets from making it all the way to the 2021 NBA Finals as expected, they should be a fixture in the Eastern Conference in the coming years.

Joe and Clara Wu Tsai Launched last decade, the low-profile Joe and Clara Tsai Foundation channels the fortune of billionaire couple Joe and Clara Wu Tsai, worth more than $11 billion as of this writing. Born in Taiwan, Joseph Tsai is vice chairman and co-founder of Chinese multinational titan […]

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