Success story: Failures make the path of success. You may feel that it is just a matter of saying, but a living example of this is Jack Ma, a billionaire of China. He faced a lot of failures in his life. So many failures that any ordinary person breaks. But they did not break and kept trying continuously. There came a time that all the failures lost and they won. He has done such a thing that today stories of his name are read and heard. According to Forbes, he currently owns assets worth more than $ 27.2 billion (Rs 2.3 lakh crore). In 2021, his assets were touched by about 49 billion dollars. Before that, he gave his property more. The story of Jack Ma is so interesting that a desire arises to read it again and again with others. So let’s know the whole story.
Weak in maths, English master Jack Ma
Jack’s way of studies was also not easy. He was very weak in Math and failed in school many times. The college also failed twice in the entrance exam. In the third time, he was admitted to Hangzhou Teachers Institute, from where he graduated in English in 1988. Even after this, his struggle did not end. He applied 10 times to Harvard Business School, but was rejected every time. He jokingly said, “Maybe one day I will go to teach there.”
After graduation, he started searching for jobs, but he got rejections from everywhere. He applied to more than 30 companies, but everyone refused him. When KFC started in China, vacancy was taken out. 24 people applied in it, there was also a jack ma. You will be surprised to know that 23 was kept, but only rejected Jack Ma. He also applied for the police and hotel jobs, but there was also refused to say “you are not right”. In the end, he got the job of English teacher at Hangzhou Teachers College, where he used to get only $ 12 every month.
America’s business trip changed everything
Jack went to America on a business trip in 1995, where he first saw the internet. He searched Beer and saw that there was information about almost all the beer of the world, but China had no sign there. He also searched China, but nothing was found there either. Then he felt that this was a big chance. After returning, he started a company called “Hobo Translation Agency”, but it failed. Then he made an online directory called “China Page’s”, but it did not work.
Jack Ma’s Strategy: First Customer, then Employees, Final Investor
… But Jack Ma did not lose courage. He adopted a simple strategy- first customer, then employee, and then investors. He launched platforms like Taobao, Alip and T-Mall, which changed the picture of online shopping and digital payment in China. Then in 2000, Masayoshi Son of Japan’s SoftBank invested $ 20 million in Alibaba, which overturned the fate of the company. A lot changed from here and the company started running.
In 2005, Yahoo bought a stake in Alibaba by planting $ 1 billion. Jack Ma’s hands continued to succeed. After another, he went on to join. Then in 2014, Alibaba’s IPO New York came into the stock exchange. He was the biggest IPO of that time. It raised $ 21.8 billion. Today Alibaba’s value is more than $ 500 billion and it is among the largest e-commerce companies in the world.
What is the secret of Jack Ma’s success
The secret of Jack Ma’s success is hidden in his positive thinking, hard work and never giving up attitude. He never considered the failure as his weakness, but learned from him. They believe that a good leader is the one who agrees to his weaknesses and takes better people with them. He says, “Work hard today, tomorrow it will be difficult, the day after tomorrow it will be sunny.”
Jack Ma’s net worth
His net worth by 2025 is $ 27.2 billion. His 70-80 percent income comes from the Alibaba Group, in which he holds 4 percent stake. Alibaba is a leader in sectors like e-commerce, cloud computing and digital payments. 15-20 percent of income comes from Ant Group, with 9.9 percent stake. The rest of the income is from Unafeng Capital and other investment. In 2020, his net worth was $ 61.7 billion, but it declined due to China’s government policy.
Jack Ma’s life teaches us that neither a large college degree nor the contacts of relatives are required for success. What is needed is continuous effort, positive thinking and the spirit of never giving up. Jack Ma says, “Dreams are not those who come to sleep, dreams are those who do not let you sleep.”
