Jack Ma; from the pit of poverty to the mountain of wealth

 

 

Not every soul inherits a silver spoon and has the privilege of entering the league of the super-rich. Some people do achieve this milestone by not giving up on their visions and crawling from the pits of poverty to the peak of riches. Such a man Jack Ma was born on October 15, 1964, in Hangzhou, China. His family’s financial status was unsatisfactory when he was young. Moving on his early educational period it was mainly focused into fights with his classmates but also shedding light on is an urge to learn, this flare was always in his blood as he visited the city’s main hotel and offered tours of the city in exchange for English Lessons. His nickname “Jack” was also given to him by a tourist befriended.

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Furthermore, Jack Ma realized that without money or connections, education was the only route which could lead him towards success but life had other plans. The hurdles in his path were laid as he failed his college entry test twice & after studying intensely he finally cleared the exam on the third attempt. He graduated from Hangzhou Teachers Institute in 1988 and began to apply for jobs. Life wasn’t going to spill the beans of success for him that easily as he received dozens of job rejections even from a food chain giant like “KFC”.  Jack Ma as he finally got an English teacher from where he made $12 monthly at a local university.

Moreover, Jack Ma had no clue about computers but he developed an everlasting interest as he experienced it in 1995 in the US. His translation business was the final nail in the coffin which led him towards establishing an internet company for China. The failure came straight away as his first two ventures were a disaster but eventually along with his 17 friends created an online marketplace called "Alibaba". The site allowed exporters to post product listings that customers could buy directly. This service by 1999 had gathered $5 million from Goldman Sachs and $20 million from Softbank. In early 2000 they started Taobao, which came to rival eBay and success finally was on their side as in 2005, Yahoo invested $1 billion in Alibaba and took 40% stake in the company. Alibaba’s $150-billion IPO was the greatest offering in the US listed company history of NYSE.

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Jack Ma achievements were recognized globally as China Central Television had said Jack in its 'Best 10 Business Leaders of the Year' list, aggregated for the year 2004. He was named the 'Representative of the Year' by the 'Business Week' magazine and furthermore highlighted in the rundown of '25 Most Powerful Businesspeople in Asia', in 2005. In 2009 he secured a spot in 'Time' magazine's rundown of 'World's 100 Most Influential People'. The web mammoth likewise got the '2009 CCTV Economic Person of the Year: Business Leader of the Decade Award'. The widely acclaimed 'Forbes' magazine had named him as the 30th most intense individual on the planet amid 2014.At the 'Asian Awards' function held in 2015, he was congratulated with the 'Business visionary of the year' grant. Ma, the wealthiest man in China, with an expected worth of $25 billion.

To finish up, Jack Ma displayed a picture of business person all inclusive. Essentially, he sets the impression of a dull gap loaded with sunlit. Through his capacity and work of the mind, he filled that pit of murkiness into the beams of light. His fastidious plans and diligent work came about him the best open doors.

“Never give up. Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine”.