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How Jack Ma became China's richest man?

Jack Ma
Credit: Wikimedia Commons



New Delhi: Founder of Alibaba Group, Jack Ma will retire as Chairman. He will leave the post of chairman on the occasion of his birthday on 10 September. 

Jack Ma will hand over the reins of the company to Daniel Zhang. It is expected that Jack Ma can continue in the role of an advisor. After stepping down from the post of Chairman, Jack Ma will work in the field of education. Jack Ma has assets of $ 34.6 billion. 

Jack Ma, who led Alibaba to this height, started his career as an English teacher. Earlier, he was rejected for 30 jobs including KFC. Surprisingly, despite having no specific knowledge of computing, he started an online business. He laid the foundation of Alibaba in his apartment two decades ago. In 2014, Alibaba raised $ 25 billion through the world's largest public shareholding.


8 things related to Jack Ma

Jack Ma
Credit: Wikimedia Commons


1) Jack Ma was born on 10 September 1964 in Hangzhou, China. Born in a poor family, Jack Ma learned English and for his practice, he worked as a tourist guide for 9 years.

2) He used to speak in English while driving tourists. He used to travel 70 miles on his bicycle while working as a tourist guide.

3) The beginning of Jack Ma's career was very challenging. He started his career as an English teacher. Earlier, they applied for jobs in 30 different places, but each time they felt disappointed. 

4) Once he applied for a job in KFC. 24 people had applied for this job, out of which 23 people were selected but the only Jack Ma was not selected.

5) Jack Ma started the Alibaba company in his apartment. He persuaded some of his friends to invest in his online marketplace. In October 1999 and January 2000, Alibaba received a foreign investment of $ 25 million twice. After winning the trust of Chinese people, Alibaba started touching new heights.

6) According to Forbes' 2018 list, Jack Ma is the wealthiest person in China. According to Forbes, his wealth is $ 34.6 billion.

7) In 2014, Alibaba raised $ 25 billion through the world's largest public shareholding.

8) In 2013, he left the chair of the Chief Executive Officer to become Board President. After this, he started work for the promotion of education in rural areas of China through the Jack Ma Foundation.

Jack Ma is often in discussion. In the year 2017, Jack Ma dressed like Michael Jackson in a program organized on the occasion of the anniversary of Alibaba.

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