The list of those who have changed the world of e-commerce can hardly be complete without the name of someone like Jack Ma. He is a Chinese entrepreneur who has made a name for himself as the co-founder and chairman of Alibaba Group. Also a philanthropist, Ma is the richest man in Asia and one of the richest man in the world whose story has inspired a lot of people. Here is all you need to know about him.
Jack Ma Biography
Even as he is more popular as Jack Ma, it was as Ma Yun that the Alibaba Group boss was born on 10 September 1964 in the Hangzhou city of China’s Zhejiang Province. Growing up was not easy for Ma, as a result of many challenges including the rejection and persecution he and his family faced because his family was linked to the National Party.
More so, even as he would grow up to be among the richest men in the world, he grew up in poverty alongside his two siblings: an elder brother and a younger sister. As a result of the poverty and his eyes for opportunities, Jack Ma decided to learn English very early to work as a guide and interpreter for tourists, which helped him to raise some money.
For his education, Ma Yun began as what many people would have no problem defining as a failure. This is as in most stages he couldn’t pass his exams. In fact, he revealed that he faced failure twice during his primary school test and trice at his elementary school test. In the same way, he would go on again to fail his college entrance exams twice. What is more interesting is that he was interested in studying at Harvard but the university rejected him for the 10 times he tried because he kept failing the exams.
He still went ahead to attend the Hangzhou Teacher’s Institute (now Hangzhou Normal University) where he studied the English language. Much later, he attended the Cheung Kong Graduate School of Business.
Before delving into business, Ma worked as a lecturer for some time receiving only $12. Seeing the opportunity provided for by the internet, he started a number of things online before later creating his online store, Alibaba. That was in the 1990s. The next thing for him was to generate fund to run his business, but again he met the roadblock that had always stood on his way as investors believed he was running a business model that would never be profitable.
But then, time would show that he got everything right as he has been able to build one of the most successful e-commerce ventures out there, making him have a net worth that runs into billions of dollars. He would later expand to other sites such as Taobao.
Family – Wife (Cathy Zhang), Daughter, and Son
As stated, Ma Yun came from a rather small family with his parents and two other siblings.
Jack Ma has been married to Cathy Zhang for a very long time. In fact, she was there when he started his businesses and also contributed in starting the business by investing in it and providing other help. Even though it is not known when they got married, it is known that they met when they were still in college. Shortly afterward, the two got married.
Cathy Zhang and her husband whom she said may not be handsome but she fell for him because he could do what many handsome men couldn’t. He worked for some time as a lecturer before deciding to take the entrepreneurial path.
The union between the two has been blessed with two children: Ma Yuankun (a son) and Ma Yuanbao (a daughter). Even though not much is known about them, Ma Yuankun who was born in 1992 and referred to as Jerry Ma is a graduate of the Berkeley University in California.
Height and Weight
While he is one of the richest and most influential men out there, he is not necessarily the man with height or even an athletic build. In numbers, he stands at a height of 5 feet 5 inches (1.65 m). His body weight and general body measurements have not been provided for in the public domain.