He Left 400 Billion Dollar Company For His Passion To Teach
He was CEO of a 400 billion dollar company, with his own net worth being 40 billion dollars. He could have easily pursued what he was doing and made an amount of money one can possibly imagine. But after 18 years of his service in the e-commerce industry, he decided to make more than just money and left the position of CEO. What he did next was beyond everyone’s expectations.
The dawn of a tycoon
Born on September 10, 1964, he was not man of luck, but hard work. Before becoming a teacher he failed 30 times in attempt to create a stable future. He qualified for B.A in English in his fourth attempt and finally managed to get a job as an English teacher. But his fate wasn’t sealed there. He was incredible with his business skills and being a business education graduate, he knew he can create a difference. That’s when the concept of reforming e-commerce struck him and along with 17 pupils, Alibaba was initiated in an apartment at Hangzhou in eastern Zhejiang province and the legend of Jack Ma was born.
"I went for a job with the police; they said, 'you're no good. 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 they did not proceed with,” recalls Jack in an interview.
From scratch to top
His work and perserverance made Alibaba one of the world’s biggest e-commerce conglomerates evaluated over 420 billion dollars and he became the richest man in China, evaluated somewhere near 40 billion dollars. Ma was seen as a global ambassador for Chinese business and was frequently listed as one of the world's most powerful people by Forbes.
"Intelligent people need a fool to lead them. When the team's all a bunch of scientists, it is best to have a peasant lead the way. His way of thinking is different. It's easier to win if you have people seeing things from different perspectives," says Jack.
Alibaba ventured into many other sectors as well and excelled due to the skills and charisma of Jack Ma. He served as executive chairman of Alibaba Group, which was a holding company with nine major subsidiaries. After 19 years of devoted service in e-commerce industry he decided to do something that no one expected.
Beginning of a new era
After so many years into business and multiple profitable ventures, 54 year old Jack was on the peak of his career, he decided to step down from the CEO of Alibaba to serve even bigger purpose. He handed over the position to Daniel Zhang and now wishes to enrich students with the knowledge he has acquired. Certainly it was a noble decision to make. He may not be making as much money as a CEO, but it will be fulfilling to help students achieve their goals.
"It doesn't matter if I failed. At least I passed the concept on to others. Even if I don't succeed, someone will succeed," says Jack.
He might have stepped down from the position of CEO, but will still be the face of Alibaba. He will be among the board of directors and mentor the company’s management. According to security filings, he still owns 6.4 stakes of Alibaba. Although he retired at an early age of 54, but there is a whole new life awaiting his arrival. The wisdom he has gained over these years and from his struggle, will surely help his upcoming students in numerous ways possible. His legacy will inspire the students to come forward with incredible ideas and remodeling them to help serve many.
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