The Two Minute Bio: Jack Ma

Jack Ma is one of the world’s greatest living examples of entrepreneurship today. Once a poor lad who survived by guiding tourists, Ma left no stone unturned to rise above his humble condition and achieve success. One of the first steps he took in this regard was to improve his communication skills by learning English. Jack was one of the first few individuals who saw Internet as a business opportunity even at a time when the rest of the world didn’t believe in his thoughts. After starting his first venture using a mere $20000, the entrepreneur earned around $800,000 in a matter of just three years. However, it is the e-commerce based venture, ‘Alibaba’, which he founded in the early 2000s that catapulted this entrepreneur to global fame. The revenue earned by the firm has helped him reach the zenith of success and made him the richest man in China. He even co-founded a few other similar ventures which were also successful to a great extent; one of these was the e-commerce website called ‘Taobao’. Jack has also been a recipient of many awards over the years; a few of these include featuring in world-renowned magazines such as ‘Forbes’, ‘Time’ and others

 

Net Worth: $ 40.7b

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