Jack Ma: The Alibaba Founder’s Fortune
How rich is Alibaba founder Jack Ma?
Jack Ma is not only one of the richest men in China, but also one of the richest people in the world. After all, Ma founded the world’s largest online platform, Alibaba. Jack Ma even put Jeff Bezos’ Amazon in the shade. The Alibaba Group now includes far more Internet companies that are making Ma’s fortunes soar. Jack Ma broke many records in the process. The father of two, who has been married to his wife since 1988, was the first mainland Chinese to appear on the cover of Forbes. The cherished Jack Ma’s net worth is € 31.8 billion.
English as a road to success
He received his bachelor’s degree in English the same year that Ms. Zhang Ying was married. At first, Ma was as Lecturer in English as well as in international trade active. In 2006 he graduated from the Cheung Kong Graduate School of Business. Then Ma is said to have applied for 30 different jobs and only received rejections. But even these defeats couldn’t stop Jack Ma from becoming one of the richest men in all of China.
Jack Ma is pursuing a career as an entrepreneur
His first company was founded in 1994, when Jack Ma called the Hangzhou Hope Translation Agency into life. However, this only happened on a part-time basis. As part of the company, Ma hired a number of retired English teachers who could still earn extra income. In 1995 Ma went to Seattle to visit a friend. There Ma had the opportunity to use a computer for the first time and surf the Internet.
The creation of Alibaba
In 1999 Ma teamed up with 16 partners and his wife to work together Establish Alibaba. The start-up capital of the company at that time was just 53,000 euros. In the meantime, the multi-billionaire has already withdrawn from the active business of Alibaba. That Ma has achieved a lot is also shown by the fact that the British Prime Minister, David Cameron, brought Ma to his side as an advisor in autumn 2015. The very fact that Ma is so open about his defeats and setbacks ultimately makes him an inspiration to many. For example, Ma is said to have been rejected ten times by Harvard University. However, this does not affect his professional and financial success.
Image sources:
World Trade Organization / Flickr [CC-BY-SA 2.0]
Alibaba: zhudifeng / Bigstock.com
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