Jack MaTeam D.E.N.T

Jack Ma is a 50 year old resident of Hangzhou, China

He currently holds the 33rd spot on Forbes’ list of billionaires, with a net worth of $22.3 billion

In September, he broke the record with a $25 billion initial public offering of e-commerce powerhouse Alibaba Group on the NY Stock Exchannge, which made him China’s richest man and enriched Alibaba’s shareholders Softbank and Yahoo

Background Info

Born in 1964 to parents who were Ping Tan performers

Failed College Entrance Exam twice before actually passing due to low math scores

Graduated from Hangzhou Teacher’s Institute in 1988 and was rejected from numerous jobs afterward, including a manager position at KFC

Learned English through the radio and also foreign travelers at a local hotel and eventually became an English teacher for $12 per month

Visited the United States for the first time in 1995

Ma started a translation business that was meant to help capitalize on the

export boom.

When a friend introduced him to the Internet he was amazed and shocked to learn very little about China was available.

Career, Etc.

He went back to China and created an internet venture for Chinese companies in

search of customers abroad but the site was a failure.

Ma then waited four years to try the internet for a second time this time creating the site Alibaba

2001 had to let go of entire international staff due to overspending

2013 stepped down as the CEO

FUN FACT 1

Even though he started the tech company, Jack does not know how to code.

FUN FACT 2

He was given the nickname “Crazy Jack” because of his manner of speaking and goals

that seemed unrealistic.