What do Josef Fritzl, Ariel Castro, and Old Nick have in common? Having started his first successful company at the age of 31 and even after never having written a single line of code or selling something to anyone, Jack Ma runs one of the biggest E-commerce networks in the world. According to a financial survey conducted by Business Insider, Jack Ma is the world's 33rd and China's second richest man, right behind Wang Jianlin.
Ma Yun, or Jack Ma, is the co-founder and chairman of Alibaba - the ecommerce giant best known for the shopping sites Taobao and Tmall. Jack Ma was born in the city of Hangzhou in China, growing up in a poor family at the time of the Cultural Revolution. Ma, who is 53 years old, started Alibaba in 1999 and helped grow it into a $420 billion business that has been instrumental in shaping how Chinese citizens purchase and pay for online goods.
Jack Ma thinks that if you want to be able to work less, you have to think of ways to do it, clever ways to be allowed to be lazy richest people like Bill gates who was too lazy to write dos commands so he built the graphical interface, as well as Coca-Cola founder, was too lazy to find out about amazing tea culture of China or coffee of Brazil, so he mixed sugar with water and became famous.
Zhang Ying (Jack Ma's wife) was there with him from the very beginning. At the time, Alibaba was one of many competitors fighting for pre-eminence in the technology sector. He is retiring at a time when Chinese manufacturers and businesses are facing immense challenges from the US trade war with China.
Ma, who turned 54 on Monday, became one of China's most famous entrepreneurs and one of the world's richest. Jack Ma with his friends who founded Alibaba. He is one of China's richest men, as well as one of the wealthiest people in Asia, with a net worth of US$47.8 billion, as of November 2017.
He explained at Davos three years ago how he failed a key primary school test two times, failed the middle school test three times, failed the college entrance exam two times”. I applied for jobs 30 times. In March 2013, Alibaba spent a reported $49.7 million for a Gulfstream G550, mostly for Ma's use.
Mr Ma is the first of his generation of rich tech bosses to retire as Chinese business bosses often run their empires well into their 80s. CEO Today Online and CEO Today magazine are dedicated to providing CEOs and C-level executives with the latest corporate developments, business news and technological innovations.