This is the story of a man who did not know how many stumbles in his life and saw the face of failures, yet he never gave up. Wherever he used to earn only 800 rupees a month as a tour guide, the person has become the richest person in China with a wealth of 60.9 billion today. This story of becoming a king from a rank is not of anyone else but the founder of e-commerce company ‘Alibaba.com (Alibaba.com)’ Jack Ma. In this blog, we will gonna know Who is Jack Ma, his Quotes, Facts, And Net worth, and the complications that he had faced in his life to be a billionaire.
Who is Jack Ma?
Jack Ma is the founder and CEO of Alibaba Group who stepped back from the CEO post in September 2019. Replaced by Jonathan Lu in 2015 Jonathan Lu replaced by Daniel Zhang. Alibaba is an online E-commerce company. Jack Ma is the richest man in China. According to Forbes Jack Ma’s net worth is 60.9 billion that help him to come in 21 richest men in the world. Jack Ma’s stake in Alibaba group is 4.8%.
Real Facts And Complication
He was born on 10 September 1964 in a low-income family in Hangzhou Zhejiang China, his father used to narrate stories for their living. From childhood, Jack wanted to learn English but due to financial issues, he was unable to study in a good school.
It was a big challenge for him and soon he got an idea to resolve it. He started spending time with tourists as a guide so he can talk to them in English. Though there is no necessity to learn English in China because Chinese was an important language in China. But he spent 9 years guiding tourists to learn English. At last, he was able to speak.
It is considered that the tourists have given him the name Jack but his real name was Ma Yun.
Jack was not good at studies, he got failed two times in 4 and three times in 8th. And when he went to the entrance exam of graduation, he got failed and has passed on the sixth attempt. When he tried at Harvard University he failed 10 times for taking admission there. And he got admission to Hangzhou university and did his graduation in English in 1988.
His career was full of vanity he applied to find a job in many small and big companies but always get rejections. He also applied for a police job but didn’t succeed. When KFC came into his city he applied there too but unfortunately, he was the only candidate there, who got rejection in between 24 four people.
As he was good at English then he applied for a lecturer job and was soon selected in Hangzhou university. After 6 years of work there, he joined a company associated with international trade. But he wasn’t satisfied with his job. Soon he left the job because he wanted to something different.
In the meantime he heard the name of the internet, this word was unique, and was unaware of so he got curious to know more about it. And with the help of his friend he reached America in 1995. For the American people, the internet was commonplace. For the first time on the internet, Ma searched for beer because it was the easy word for him. When he got the result got excited. Then he searched for his own country china but he didn’t get any result and went upset.
He finds this a good opportunity and decides to make a website for china. To connect all the big and small companies through the internet. And with the help of his friend he made a website named UGLY with the $20000 investment. The response was perfect, so he decided to do more in this field he started a new company called China Yellow Page. But this time his company didn’t find a good response.
Suffered a huge loss that made him shut this company. But he didn’t give up, While in the meantime, he talked with his friends and put a new idea of business in from of them. Most of his friends didn’t like his idea but few of them trust him. They believed that jack won’t fail this time. They supported him and help him to start Alibaba.com.In the start he faced few complications but shortly some big investors also trust him. And did investments in Alibaba.com and from then the company is well known.
Right in front of eyes, Alibaba sparks out the largest eBay e-commerce company in china, just in four years.
Note – 1999-2000 his company received $25 million which help in the growth of the company.
–In 2014 Alibaba IPO makes a record of the world’s biggest public stock offering raising 25 billion
–He is a stakeholder of Chinese media and Huayai brother’s
Subsidiaries Of Alibaba Group
-Alibaba cloud computing
Awards And Achievements
- In 2004, China Central Television mentioned his name, Top 10 of economical personalities.
- 2014, Earned the title of 30th most powerful person by Forbes.
- 2009, Title of the 100 most influential people in the world by Time magazine.
- In 2015, At the Asia Awards ceremony, he won the Entrepreneur of the Year award.
- 2017, He was ranked second among the 50 most important leaders in the world according to Fortune magazine.
- 2019, had the opportunity to support, with 16 other influential world leaders, General Guterres of the UN to promote the growth of sustainable development.
- He received many doctorates from various universities such as the University of Hong Kong, De La Salle University of the Philippines, and the Tel Aviv University of Israel.
Jack Ma took an appearance in the kung fu short film Gong Sau Dao and. In the same year On the 18th anniversary of Alibaba company, he participated in signing fest and dancing too (2017).
-Never give up. Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine
-I don’t want to be liked. I want to be respected
-The very important thing you should have is Patience
-You should learn from your competitor but never copy. Copy and you die
-We are never in lack of money. We lack people with dreams, who can die for those dreams
-Once in your life, try something. Work hard at something. Try to change. Nothing bad can happen
-If you don’t give up you still have a chance
-If you don’t do it, nothing’s possible
-The opportunities that everyone cannot see are the real opportunities
-Customers first, employees second, investors third
He is an inspiration for those who easily give up with time because of negative thinking. He proved that nothing is impossible. In the start, only 18 people worked with his company and today around 22000 people worked there. Such a great man.
Comment down your opinion what do you understand from his biography?