D he is breathtaking ascent of Jack Ma. Today the 49-year-old is regarded as China’s richest man with an estimated fortune of well over $ 20 billion. Probable gains after the IPO of which he founded trading platform Alibaba will this wealth even larger. The life of Jack Ma began but bumpy.
Twice he failed the entrance examination before he was adopted in 1988 at the University of Education, as Chinese media reports. It was hard for him to find a job. The fast-food chain Kentucky Fried Chicken (KFC) did not hire him as a manager. Although he lacked both technical and business knowledge, founded his business English teacher in 1999 in a small apartment in the eastern Chinese city of Hangzhou, which is headquarters to this day.
The crocodile entert Wall Street
“All of our competitors are in Silicon Valley, not in China,” Ma said in a documentary film and encouraged his staff not to let it get. “We have just as much in the head as the” That he has the big competitors Ebay blocked in China, Ma brought much fame. “EBay may be a shark in the ocean, but I am the crocodile in the Yangtze current If we take in the ocean to fight, we will lose -., But if we fight in the river, we will win,” he said in 2005
Nine years later, the crocodile leaves the home waters, crossed the Pacific and now lurks on Wall Street. The shareholders would not be standing for a while, but in the center, Ma stressed: “First, Customers Second, the employee and thirdly the investors.” So Alibaba is indeed public, but Jack Ma maintains a 30-member body with familiar control.
Eccentrics with religious trains
Jack Ma is the “spiritual father” of Alibaba. He is considered a visionary who takes every opportunity. His sales skills are legendary. At the annual “Alifest” said employee meetings at which former U.S. President Bill Clinton and U.S. basketball star Kobe Bryant have been invited Ma is celebrated like a rock star. Even the Alibaba CEO are young married employees personally his blessing.
His eccentric performances and his skills have created an almost religious atmosphere among the staff, find newspaper commentators. Blessed be his powers of persuasion. He could not sell something that does not yet exist, they say. His business decisions falls Ma intuitive. Recently he went into Guangzhou in China’s football champions Evergrande. But found the winning streak of the defending champion of the Asian Champions League shortly afterwards an abrupt end.
billionaire benefactor
In the personal assets of Ma is not the Alibaba stake even the biggest chunk. After the IPO, still 7.8 percent of the trading platform will lie with him, that corresponded to the issue price of 13 billion dollars. But Ma also controls almost half the payment service Alipay, whose total value is estimated by experts at about $ 25 billion. Prior to the IPO Ma brought a Alibaba share of 1.5 percent from his possession in a charitable trust one.
For China, where charitable organizations still have little leeway, he struck so that a new chapter. The father of two children expressed concern about the growing cancer in his family or employees. The growing pollution in China he sees as a cause. “We hope to live in a world with bluer skies, cleaner water and better access to medical care,” says Ma. He would be doing with his foundation to contribute and take care of the environment, health and education. “Concerns and complaints can not change the current situation.”
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