As a teenager, he used to guide tourists for free just to
improve his English.
He knew that the only way he could get out of poverty was
through education so, he started applying for different
universities, but all he got was rejected from each of them.
I applied for Harvard 10 times, got rejected and I told myself
that “someday I should go teach there.”
Even after applying for 30 different jobs, all he ever faced was
plain rejection in three simple words: “you’re no good.”
And when he applied for a job at KFC, he was the only one
who got turned down out of 24 people, but that only made him
In 1995, when internet was booming, he got shocked when no
result appeared from China when he searched ‘beer’ and that’s
when he came up with the idea of an online marketplace,
But even after starting Alibaba, he couldn’t make it profitable
and it was about to go bankrupt, so he asked 17 of his friends
to invest in his vision because he still believed in his idea.
And soon, Alibaba became the largest e-commerce store in
Today, Jack Ma is the Richest Man in China and has a
networth of $38.4 Billion.
Jack Ma, is also the Richest Man is Asia amongst many other
Rankings in Forbes List.
Jack Ma’s story teaches us that…
“it is never too late to believe in yourself.”
Never lose hope.
Ma Yun, known professionally as Jack Ma.
Born: 10 September 1964 (age 55)
Net Worth: $38.4 Billion
Jack Ma: Founder and Executive Chairman, Alibaba Group
A former English teacher, Ma Cofounded and Chairs Alibaba
Group, one of the world’s largest e-commerce businesses with
a humongous market capitalization of 432.14B as at 28
Alibaba’s IPO in New York in 2014 set a record as the World’s
Biggest Public Stock Offering.
Ma’s investments beyond Alibaba include China entertainment
industry firms Huayi Brothers and Beijing Enlight Media.
Ma owns a vineyard in France; other interests include martial
On Forbes List
#21 Forbes List of Billionaires 2019
#1 Forbes List of China Rich List 2019
#1 Forbes List of China Rich List 2018
#21 Firbes List of Powerful People 2018
#7 Forbes List of Richest In Tech 2017
#23 Forbes List of Billionaires 2017
#28 Forbes List of Powerful People 2016
#2 Forbes List of China Rich List 2016
Global Game Changers 2016