- Amazing and incredible story of Jack Ma, who started off as a teacher earning $12/month – check the link below for the full story
- Jack Ma made headlines recently after visiting President Trump and announcing that he would help create a million jobs in the US
- He’s worth an estimated $29 billion, which includes his 7.8% stake in Alibaba — China’s answer to Amazon — and a nearly 50% stake in payment-processing service Alipay
Yahoo invested $1 billion in Alibaba in exchange for a 40% stake in the company – This was huge for Alibaba — at the time it was trying to beat eBay in China — and it would eventually be an enormous win for Yahoo too, netting it $10 billion in Alibaba’s IPO alone – accounting for most of Yahoo’s net worth today – Alibaba’s $150-billion IPO was the largest offering for a US-listed company in the history of the New York Stock Exchange
Ma is a true rags-to-riches story – He grew up poor in communist China, failed his university entrance exam twice, and was rejected from dozens of jobs, including one at KFC, before finding success with his third internet company, Alibaba.
These highlights are from the source article:
The unbelievable and inspiring life story of Alibaba founder Jack Ma — the second-richest man in China