Alibaba Group is a modern multinational technology company. A lot of people who do online marketing and advertisements are familiar with the company. However, behind every successful company, there is a person. Jack Ma is the man behind this company. Who is Jack Ma? He is a famous business magnate, philanthropist, and investor from China.
Jack is popularly known for being the executive chairman and the co-founder of Alibaba Group. Jack Ma is China’s richest man and one of the wealthiest men worldwide. This article will explain his personal life, career, and awards. It will also unveil the net worth of Jack Ma in 2020. Read on!
Early Life & Biography
Jack Ma born as Ma Yun was born in 1964, 10th September. His birthplace was Hangzhou, Zhejiang China. Ma began studying the English language when he was still a kid. He, therefore, started speaking English with Hangzhou International Hotel English speakers. Jack would often take foreigners for tourist tours for nine years to improve his English. One of the foreigners nicknamed him Jack after having trouble with his real name pronunciation.
Jack Ma struggled to get to college. In China, the exam is taken once in a year. Jack took entirely four years to get the grades to make it to college. Jack then joined the Hangzhou Teacher’s Institute which is currently called the Hangzhou Normal University. He pursued a bachelor’s degree in English and graduated in 1988.
While in college, Jack was involved in the school’s politics where he served as the student leader. After completing college, he started working at the Hangzhou Dianzi University as a lecturer. Jack Ma later joined the Cheung Kong Graduate School of Business. He graduated from the school in 2006.
Jack Ma started a romantic relationship with Cathy Zhang Ying. The two later tied the knot. The couple has three children. Jack Ma keeps most of his details a secret. Therefore, not much can be said about his own life.
Career, Awards & Nominations
After graduating from Cheung Kong School, Jack applied for at least thirty jobs. However, he received no positive feedback. Jack tried to join the China police, but unfortunately, he did not meet the requirements. Jack later settled for the KFC in his city. Out of the twenty-four applicants, twenty-three were taken in apart from Jack Ma.
He then started applying to study at the Harvard Business School but was rejected. In 1994, Jack learned about the Internet, and he traveled together with his friends to the United States. What was surprising is that the internet has a few websites in China. With the intention of making his country famous, he started working on China-related sites.
What followed was emails from his fellow China people who wanted to know who he was. In 1995, he started a company, China Pages. He then started building websites for different China companies. In 1999, he began working on the Alibaba Group. The company multiplied and in 2014, it’s profits amounted to $25 billion. Alibaba Group is currently doing great and making billions.
Net Worth & Earnings
What would you expect to be the net worth of the co-founder of the famous Alibaba Group Company? It is huge. Jack Ma has a net worth of $46 billion. Ma has earned a great deal of his wealth from the Alibaba Group. Jack is currently the Executive Chairman of Alibaba.
Destiny is the toughest thing you can run from. Jack Ma applied for multiple jobs, but all his efforts went nowhere. It was after discovering the internet that Jack Ma understood that it had something for him. He then worked hard to make Alibaba Group which is a successful company in the world. From his story, it is clear that people should never give up even if your dreams seem impossible.