With decades upon decades of experience in the business world, Jack Ma, Alibaba and Ant group founder, has built an empire, and a name for himself on the internet.
Making waves for his company which happens to be an online store that connects thousands all over the globe in closed business contacts, “Crazy Jack” as he was jokingly called by some reporters, has proven time and time again that he has what it takes to transform the online market space.
Having amassed such a good amount of fortune, Jack Ma has firmly established his feet on the online marketing space as an authority for the next coming years.
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However, despite these impressive stats and achievements as well as records that speaks for themselves, Jack Ma’s life has been characterised by so many significant challenges, that could have caused him a lot of set backs, but he burst forth through them all, thereby making his story genuinely inspiring and at home to everyone, as we’d see in the event of this article. Do stay tuned.
Jack Ma’s Personal Life
Jack Ma was born and bred in china. As a growing child, there was really nothing too fanciful nor fascinating about his early childhood, save that he had access to some level of basic education.
Although, not so privileged to have been given the best of opportunities, the inward drive to always make it and push against all odds surged through his entire being thereby sustaining him and giving him a cut from the world’s global economy.
Growing up in the days when communism was at it’s highest peak back then in China, survival was based on how well, one was willing to push through to the end.
Jack Ma, suffered multiple stages of rejections and denials that it looked like after all, this whole success thing was made for probably just a select few, but no, that was not going down with Jack Ma.
Jack Ma encountered series of disappointments from his childhood school days; twice while in primary school, it was on the third attempt when he sought the entrance exam for Hangzhou Teachers College after two failed attempt that he got it.
His professional journey was no different tale, nor was it anything less of what he had experienced. He received multiple dosages of a dozen rejections, including one from KFC, prior to his being hired as an English teacher at a university. But the summary of all things being that he prevailed through them all.
How Old is Jack Ma?
Jack Ma Yun was born on the 10th of September 1964, in Hangzhou, a city in China’s Zhejiang Province. So currently the e-commerce business mogul is currently 59 years, as at the time of this write-up. He has an older brother and a younger sister.
Jack Ma’s Marital Life
Though not much has being brought to public as regards Jack Ma’s marital status, he is married to Zhang Ying, a teacher he met at school after they graduated in the late 1980s. They both have two children — a daughter and a son.
Jack Ma’s Career Path
During one of his many trips to the United States, while representing the Hangzhou city government in 1995, Jack Ma, for the very first time in his life, had a real life encounter with the Internet and discovered it’s dynamics of operation, quickly leveraged on the lack of Chinese Web sites as a great business opportunity to start with.
There upon, he ventured into website development when these concepts were still in their infant stages in China. That was the time when personal computers were rare.
Not minding or considering the risk factors, Ma was in with all his heart, full time, as he founded China Pages, which created Web sites for Chinese businesses and was one of China’s first Internet companies.
Jack Ma’s Journey to building a Global E-Commerce Empire
The key to Jack Ma’s success amongst many factors, lay in the excellency and productivity of his team.
Not been deterred by the obstacles and hardships faced, after two failed attempts, Alibaba ultimately emerged a success, which was his third internet company.
At the age of 31, he embarked on his success journey by founding the popular and well known company, Alibaba. With the very first two trials, not amounting to much, he invited 17 of his friends to join him in his apartment to startup, Alibaba.
His initial financial investment was quite modest, though he secured substantial investments, including $20 million from SoftBank and $5 million from Goldman Sachs in 1999.
In 2005, Yahoo invested in Alibaba, in what looked to be a win-win for both parties. With Yahoo, netting a profit of $10 billion in Alibaba’s IPO alone.
Jack Ma does also hold a major stake in his payment-processing service Alipay, sister company to Alibaba, which later rebranded to Ant Group in 2014.
Public Speaking Prowess
As someone rightly said, Jack Ma does spit out raw gold each time he made to address people publicly. Millions gather to hear him speak and talk about the subjects of discuss for which he has an edge.
Jack Ma’s Present Net worth
Ma, is believed and known to be one of the richest men in china, Jack Ma’s net worth, is within $30.6 billion.