Jack Ma
A prominent business figure, Ma is seen as a global ambassador for Chinese business and as such is frequently listed as one of the world's most powerful people by Forbes. He also serves as a role model for startup businesses. In 2017, he was ranked second in the annual "World's 50 Greatest Leaders" list by Fortune. In September 2018, he announced that he would retire from Alibaba and pursue educational work, effective in one year, with Daniel Zhang succeeding him as executive chairman.
He applied ten times to Harvard Business School (HBS) and got rejected. As of June 2019, he is one of China's richest men, with a net worth of $35.6 billion, as well as one of the wealthiest people in the world and also was ranked 21st in Forbes' World's Most Powerful People.
Age ------- 55
Source of Wealthe ------- commerce, Self Made
Residence ------- Hangzhou, China
Citizenship ------- China
Marital Status ------- Married
Education ------- Bachelor of Arts/Science, Hangzhou Teacher's Institute
Business career -
Ma applied for 30 different jobs and got rejected by all. "I went for a job with the police; they said, 'you're no good'", Ma told interviewer Charlie Rose. "I even went to KFC when it came to my city. Twenty-four people went for the job. Twenty-three were accepted. I was the only guy ..."
In 1994, Ma heard about the Internet and also started his first company Hangzhou Haibo Translation Agency. In early 1995, he went to the US with his friends, who helped introduce him to the Internet. Although he found information related to beer from many countries, he was surprised to find none from China. He also tried to search for general information about China and again was surprised to find none. So he and his friend created an "ugly" website related to China. He launched the website at 9:40 AM, and by 12:30 PM he had received emails from some Chinese investors wishing to know about him. This was when Ma realized that the Internet had something great to offer. In April 1995, Ma and He Yibing (a computer teacher) opened the first office for China Pages and Ma started their second company. On May 10, 1995, they registered the domain chinapages.com in the United States. Within three years, the company had made 5,000,000 Chinese Yuan which at the time was equivalent to US$800,000.
In 1994, Ma heard about the Internet and also started his first company Hangzhou Haibo Translation Agency. In early 1995, he went to the US with his friends, who helped introduce him to the Internet. Although he found information related to beer from many countries, he was surprised to find none from China. He also tried to search for general information about China and again was surprised to find none. So he and his friend created an "ugly" website related to China. He launched the website at 9:40 AM, and by 12:30 PM he had received emails from some Chinese investors wishing to know about him. This was when Ma realized that the Internet had something great to offer. In April 1995, Ma and He Yibing (a computer teacher) opened the first office for China Pages and Ma started their second company. On May 10, 1995, they registered the domain chinapages.com in the United States. Within three years, the company had made 5,000,000 Chinese Yuan which at the time was equivalent to US$800,000.
Ma announced on 10 September 2018 that he would step down as executive chairman of Alibaba Group Holding in the coming year. Ma denied reports that he was forced to step aside by the Chinese government and stated that he wants to focus on philanthropy through his foundation. The current CEO Daniel Zhang would lead the way ahead for Alibaba as an executive chairman.
Current Awards -
In 2013, he became chairman of the board for The Nature Conservancy's China Program; this was one day after he stepped down from Alibaba as company CEO.
In 2014, he was ranked as the 30th most powerful person in the world in an annual ranking published by Forbes.
In 2015, Asian Award honoured him with the Entrepreneur of the Year award.
In 2017, Fortune ranked Ma second on its World's 50 Greatest Leaders list.
In 2017, a KPMG survey ranked Ma third in global tech innovation visionary survey.
In October 2017, Ma was given an honorary degree of Doctor of Science in Technopreneurship from De La Salle University Manila, Philippines.
In May 2018, Ma was given an honorary degree of Doctor of Social Sciences honoris causa in recognition of his contributions to technology, society and the world by University of Hong Kong.
In May 2018, Ma received an honorable doctoral degree from professors Yaakov Frenkel and Yaron Oz at the Tel Aviv University in Tel Aviv, Israel.
In May 2019, Ma and other 16 influential global figures were appointed by UN Secretary-General Guterres as the new advocates for sustainable development goals.
Biography -
Birth Place -
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