President ObamaBarack Hussein ObamaThose on the front lines of climate change should be empowered to be central to its solution The Memo: Trump's justices look set to restrict abortion Minorities and women are leading the red wave MORE on Tuesday met with the newly minted richest man in Asia, Jack Ma, founder of the Chinese e-commerce conglomerate Alibaba.
Ma, whose net worth jumped this year to $33.3 billion, ate lunch with Obama, according to a White House official.
The meeting was private and did not appear on the president’s public schedule.
Ma was spotted leaving the White House complex Tuesday afternoon. He told a Washington Post reporter that the meeting was “very good.”
White House aides did not say what issues the two men discussed over lunch.
Obama last spoke to Ma in a public setting last November during an Asia-Pacific summit in the Philippines.
The president asked the online retail magnate what governments and large businesses around the world could do to better help young entrepreneurs.
"Government is simple — just reduce the tax, or no tax, for these guys," Ma said, sparking a round of applause and laughter from the crowd.
"You got a lot of cheers from your fellow CEOs," Obama responded.