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Saturday, 18 April 2015

Before Billionaire, Men's Ever Denied 30 Company

Founder and CEO of Alibaba Group Jack Ma was named the richest billionaires in Asia having previously become the richest man in China. In fact, according to a global wealth report consulting firm Wealth-X, Ma is the billionaire with the addition of treasures in the world throughout 2014.

Jack Ma growing wealth of US $ 18.5 billion to US $ 29.2 billion in just over one year. Thanks to the brilliant Alibaba IPO in September, Ma add up to 173 percent of his fortune throughout 2014.


Even Ma increased wealth is far more than the legendary investor Warren Buffett and the richest billionaire in the world, Bill Gates. But who would have thought, before becoming the richest in Asia, Ma had experienced rejection when applying for work.


Quoted from page business insider, Friday (02/20/2015), in an interview, this businessman claimed to have failed the university entrance test three times. Right out of college, he applied to 30 companies and all rejected.


"I tried to work in the police station, they said, 'you can not'. I even apply to KFC. There were 24 applicants. 23 accepted. I am the only one who refused," said Ma.





Most people would feel so discouraged if you experience the same thing. Not with Ma. He founded Alibaba in 1998. But again, the difficulty swept. For three years he created a product that is not made a profit.


Ma claimed to be more creative. One of the challenges of the company it is the absence of a bank to disburse the money to fund his business.


He began a new payment program called Alipay. The program can transfer the payment of various currencies and is useful in helping buyers and sellers from different countries.


"When people hear about Alipay, they commented 'the dumbest idea I've ever heard'. I do not care, the importance of people can use it," he says.


As a result, today there are 800 million people who use Alipay.

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