Sometimes $28 billion dollars just isn't enough to make you happy. 

Jack Ma, English teacher turned Alibaba founder and executive chairman, was recently named by Forbes as the richest man in China and he says it's "a great pain."

"This month I'm not very happy-I think too much pressure," Ma said to CNBC. "I try to make myself happy no, because I know that if I'm not happy my colleagues are not happy, and my shareholders are not happy, and my customers are not happy." 

Being rich seems glorious to an outsider, but Ma said it's a lot more pressure-filled than that. 

"People say, 'Well Jack, rich people is good.' Yeah it is good, but not the richest man in China. It's a great pain because when you're [the] richest person in the world, everybody [is] surrounding you for money," Ma said to CNBC. "Today when I walk on the street, people look at you in a different-I want people to see this is entrepreneur, this is a guy who is having fun of himself, and I want to be myself." 

Ma plans to solve his money problems by becoming a philanthropist.

"If you make a lot of money, you've got to spend it. You can't do this by buying 10 bars or 11 houses. You want to spend money in an effective way. You want to spend to spend it in a business way that can really help people," he said to CNBC.

Ma even suggests in his CNBC interview that he could be competing with other billionaires to become a better philanthropist .

"The competition between me and Bill Gates probably: Who can spend money more effectively that can do better philanthropy," Ma said to CNBC. 

His biggest priorities are education and the environment.