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The rise and fall of Jack Ma
 Peak net worth :
Cause : Chinese government
$61.7 billion dollars
  Current net worth :
$48 billion dollars
  
Jack Ma - once China’s & Asia’s richest man, got in crosshairs
with the Chinese government. Imbued with success, the
Chinese commerce magnate made controversial speech just
before his Ant group’s IPO.
Who is Jack Ma ?
Born in 1964 in Hangzhou to musician story tellers, Ma Yun,
later known as Jack Ma always stood out from the others. In a
country, where English was frowned upon, Jack Ma aspired to
learn it and used to ride his bicycle for 40 minutes to reach
outside Hangzhou hotel, now known as Shangri-La to interact
with foreign tourists. He used to be their guide, on condition
that in return they teach him English. He did that for 9 years.
 
After failing to clear the university entrance exam twice, he
was finally admitted to Hangzhou Teacher’s Institute, now
known as Hangzhou Normal University. He applied for over
30 jobs and got rejected, including KFC which he proudly
says, that 24 people applied for the job and 23 got selected. I
was the only on rejected. Finally settling in for a school
English-teaching job, he worked for 5 years while starting a
translation company as side business with friends.
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