He’s the richest man in China and, according to the Bloomberg Billionaires Index, the 19th richest in the world. Now Jack Ma, 54, is stepping down as executive chairman of e-commerce giant Alibaba to return to an old job: teaching school.
Money magazine has a quick biography of Ma and how he grew Alibaba “from a website run out of his apartment to one of the biggest tech companies in the world.” The company is now worth $420 billion, and Forbes says Ma has a net worth of $35.1 billion.
Ma grew up in a family with little money in the eastern city of Hangzhou. He twice failed his college entrance test and was rejected for many jobs, including ones at KFC, as a police officer and as a waiter. He eventually found work teaching English and, in 1999, started Alibaba with about $60,000 invested by 17 friends.
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Drew Broach covers Jefferson Parish politics and education, plus other odds and ends, for NOLA.com | The Times-Picayune. Email: [email protected]. Facebook: Drew Broach TP. Twitter: drewbroach1. Google+: Drew Broach.
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