Billionaire Jack Ma, Alibaba Founder, applied for Harvard but was Rejected 10 Times

  • 5 years ago
Jack Ma, the wealthiest man in China spoke with Charlie Rose early this year at the Davos World Economic Forum about his journey founding Alibaba, a Chinese E-Commerce website that today handles more traffic than Ebay and Amazon combined. Last year, Alibaba raised the largest Initial Public Offering on the New York Stock Exchange, at the tune of $25 Billion, valuing the company at approximately $200 Billion and Jack Ma’s net worth at $20+ Billion.

In his interview (video above), he gave a few interesting tips on his success:

1. Make it a daily habit.

In order to learn English, a teenage Jack Ma with limited resources decided to go to the Shangri-La Hotel every morning and pick up Western tourists to give them free tours of his home town HangZhou, in return for English lessons and some practice. He did this every morning for 9 years, rain or snow.

2. Do not give up.

Rejection is something Jack Ma is extremely familiar with and it does not seem to faze him one bit. He failed his university entrance exam 3 times. He applied to 30 jobs when he was looking for work and was rejected from all of them, including a job at KFC where 24 people applied and they hired everyone but him. He wrote to Harvard for a total of 10 times and was knocked back every single time.

When asked about his failed applications to Harvard during the interview, he replied: “Someday I should go teach there maybe”.

Jack Ma, the wealthiest man in China spoke with Charlie Rose early this year at the Davos World Economic Forum about his journey founding Alibaba, a Chinese E-Commerce website that today handles more traffic than Ebay and Amazon combined.

Last year, Alibaba raised the largest Initial Public Offering on the New York Stock Exchange, at the tune of $25 Billion, valuing the company at approximately $200 Billion and Jack Ma’s net worth at $20+ Billion.

In his interview (video above), he gave a few interesting tips on his success:

1. Make it a daily habit.

In order to learn English, a teenage Jack Ma with limited resources decided to go to the Shangri-La Hotel every morning and pick up Western tourists to give them free tours of his home town HangZhou, in return for English lessons and some practise. He did this every morning for 9 years, rain or snow.

2. Do not give up.

Rejection is something Jack Ma is extremely familiar with and it does not seem to faze him one bit. He failed his university entrance exam 3 times. He applied to 30 jobs when he was looking for work and was rejected from all of them, including a job at KFC where 24 people applied and they hired everyone but him. He wrote to Harvard for a total of 10 times and was knocked back every single time.

When asked about his failed applications to Harvard during the interview, he replied: “Someday I should go teach there maybe”.

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