The Life of Jack Ma
From humble beginnings, Alibaba Group co-founder Jack Ma created Asia's answer to Amazon. He's considered one of the world's greatest business leaders and after 20 years, he’s just announced that he is stepping down from the $460 billion empire. This is his story.
Saw internet as a business opportunity even at a time when the rest of the world didn’t
Jack Ma — Real name: Ma Yu. He’s 55 years old, Chinese, and has over 103,000 employees. The co-founder of e-commerce giant Alibaba is a former English teacher. He’s faced rejection n his past and has become known as an eccentric CEO. In 2014, he performed songs from The Lion King in front of his employees and in 2017, he impersonated Michael Jackson. His fortune is estimated at over $40 billion. He’s met with leaders from around the world like Donald Trump, Barack Obama, Emmanuel Macron, Schwarzie, Angela Merkel and Bill Clinton Sometimes, they give him weird gifts.
Jack Ma is one of the world’s wealthiest empowering entrepreneurs today and inspires those around him while changing the world. Once living in poverty, he survived by guiding tourists, Ma left nothing to chance to rise above his humble condition and achieve success. One of the first steps he took in this regard was to improve his communication skills by learning English. Jack was one of the first few individuals who saw the internet as a business opportunity even at a time when the rest of the world didn’t believe in his thoughts.
After starting his first venture using just $20000, the entrepreneur earned around $800,000 in only three years. However, it is the e-commerce-based venture, ‘Alibaba’, which he founded in the early 2000s that catapulted this entrepreneur to global prominence. The income earned by the firm has helped him reach the pinnacle of success and made him the richest influencers in China. He even co-founded a few other similar ventures which were also successful at finding great solutions; one of these was the e-commerce website called ‘Taobao’. Jack has also been a recipient of many awards over the years; a few of these comprise of featuring in world-renowned publications such as ‘Forbes’, ‘Time’ and others. On his 55th birthday, On Sept. 10, 2019, he announced his retirement from Alibaba to dedicate himself to philanthropy.