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The Inspiring Life Story Of Alibaba Founder Jack Ma, Now The Richest Man In China

Madeline Stone,Jillian D'OnfroOct 3, 2014, 02:36 IST

Fresh off the biggest IPO in history, Alibaba founder and chairman Jack Ma is now the richest person in China.

Ma is now worth an estimated $25 billion, which includes his 7.8% stake in Alibaba and a nearly 50% stake in payment processing service Alipay.

Ma is a true rags-to-riches story. He grew up poor in communist China, failed his college entrance exam twice, and was rejected from dozens of jobs, including one at KFC, before finding success with his third internet company, Alibaba.