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Jack Ma: From KFC Reject to Asia's Richest Man

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Jack Ma wasn't born rich but now he is the richest man in Asia. This Bloomberg profile tells the story of how Ma started as a poor kid in China's countryside, learned English, got rejected from a job at KFC but then went on to found Alibaba, the massive e-commerce site. Video by Vicky Feng, Lulu Chen ---------- Like this video? Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg?sub_confirmation=1 Bloomberg is the First Word in business news, delivering breaking news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness
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Text Comments (407)
Saral Thakur (2 days ago)
Chinese Steve Jobs basically but much better than him
Siddhartha Choudhury (4 days ago)
He has achieved so much and yet you say it will require more than naked ambition and charisma. Haters really gonna hate!
Doges Dream Gaming (6 days ago)
my parents say I look like him
Hailing Liu (2 days ago)
OK, you have already been on the starting point of big success.
Anurag Vishwakarma (6 days ago)
Get your facts correct. Mukesh Ambani is the richest Asian, Ma is second.
Wohox (7 days ago)
And i know somebody will yell "china Numba Wan"
Jibran (10 days ago)
Don't do interview of someone who you're really skeptic about..!
Frost Plays (11 days ago)
does he store all the cash in his big ass head.
Godarin YT (11 days ago)
The company has more then Jeff bezos Jeff bezos:-_- can I maybe join....?
Bruno Koba (12 days ago)
This has got to be one of the greatest entrepreneurial stories of our generation. Sad to see so little coverage about this man in western media compared to american entrepreneurs
Mason Haley (13 days ago)
AVLRECORDS (15 days ago)
POOR or Rich and UGLy what do you prefer?
BLʌcK MʌGiK (16 days ago)
But is he single? -Broke black women
R Sahota (17 days ago)
Billion dollar question.....How did you come up with the name alibaba ?
林振华 (2 days ago)
That is a story call sesame open the door. And he create the business hopping it opens a door of opportunity for manufacturer and retail and cut out the distributors( the middle man). And he success. The door does open... More like a flood gate..
dirty ox (18 days ago)
look at his head no wander why he so Rich
Jordan Smith (19 days ago)
Sources say that he knows how to hide his income. Some say he's worth over a trillion dollars. Richest man on Earth as far as we know
PinAwayMafia (19 days ago)
No he is not the richest Asian. Mukesh Ambani is the richest Asian net worth 41b
Jeff Ryan Lumancas (21 days ago)
Richest ? Even all the billionaire and elites like queen elizabeth combine their wealth they cannot surpassed the global funder or the royal child. The royal of all royals
Hao ZHEN (22 days ago)
We call him the white gloves of the bureaucratic privilege stratum. I admit he is special among his peers, however, just like a cute muppet on the stage, he is simply a tool to collect the money.
Pepsiman (23 days ago)
baby face ass nigga
YourUgandan Boi_47 (23 days ago)
This will be a meme
Hail Xenu (24 days ago)
So does he still have to eat cats and dogs
Lei一一一 (25 days ago)
Jack Ma helped Mcdonald to defeat KFC in China. KFC used to be the number one fast food in China but now is Mcdonald
Philip Cooper (25 days ago)
Ah feck, I only went to 10 job interviews before I got a job. Well, maybe I'll earn just about 1/3 of what Ma managed.
Ewaz Nazari (25 days ago)
1526 S Van Ness Ave, San Francisco, CA 94103, USA
Piotr Jurkiewicz (26 days ago)
Wtf 0.0
America (29 days ago)
Stole Amazons business model when China opened up. When china modernizes you will see more of him.
stary dancer (29 days ago)
Solid (29 days ago)
i cant get over the fact that the woman talking sounds like she is 10
Zectical Real (1 month ago)
His face makes me go crazy
Kenny Lawrence (1 month ago)
I want to get inspired by him, but I think what also helped him is the fact that China is not open to outside competition, so he faced less competition although he may not have been as skilled as silicon valley internet talents.
Dennis HP (1 month ago)
"Love... but don't marry with them." :)
搬运工可以的 (1 month ago)
Not any more budy
Linus (1 month ago)
I have to get myself some "strong eyes" so I can make money :P
Power Co. (1 month ago)
Alibaba is fucking trash, it’s just like dhgate
Justin A (1 month ago)
Rich guys apparently can't afford decent haircuts.
dedly kuin (1 month ago)
his idea are amazing but the way they made alibaba literally the worse online shopping place is just horrible
BRBallin1 (1 month ago)
So basically he copied existing tech in typical Chinese fashion and got rich off of it.
RobertsDigital (1 month ago)
The KFC assholes who rejected him are still struggling to sell their fried chicken.....I wish I could see their faces. Similar to my own story. I had been rejected countless times on job interviews and many people behaved so hypocritical when they saw me. One reason, because I dont meet the skin color requirements but they won't tell you that that's the reason. Today I have learnt to become independent..
Expla / VFX Editor (1 month ago)
what is AliExpress then?
John Smith (1 month ago)
Kriss (1 month ago)
Who is he again
Travel with me (1 month ago)
Mukesh ambani is the richest man in Asia not jack
Dario Mendoza (1 month ago)
ha ha kfc did him a favor. forcing him to look harder!!
Bailey Henderson (1 month ago)
Alibaba will be broke and be bought by Frsh this summer
United Alliance (1 month ago)
He isnt richest in Asia. Ambani is
Sergeant Johnson伍生 (1 month ago)
Wrong. 39.7b>39.5b
riptorn (1 month ago)
These people don't start out poor I guarantee it, they are born rich.
marlonious76 (1 month ago)
Great story !!!
GeriX (1 month ago)
Jack Ma would love the Little Bits Restaurant
Yunus Ismail (1 month ago)
I’m sorry I’m sorry his face just CRACKS me UP🤣🤣
RaNdOmIsEr Titan (18 days ago)
so should his money
he is so so awesome. his personality is influential. his speaking capabilities proves his views to be realistic
Swagatam Sarkar (1 month ago)
Asia's richest man is Mukesh Ambani (India). Get your facts straight.
Jim Huang (1 month ago)
One thing should be noted is that, the people who were able to apply for a passport and travel oversea in China, during the 90's, were the elite/upper-class. So, unless you are rich, top 0.1% in university or have someone in the family is a government officials, otherwise the chance of you travelling oversea is very slim.
Jim Huang (1 month ago)
Yes, you get the point. Either you are wealthy or have guanxi. I still remember how hard for me to get a passport just for me to go to Hongkong in the 90's. I had to go through all sorts of paper work and have dinner with people (the guanxi thing).
Steven wang (1 month ago)
80s maybe, not 90s. Especially if you were an academic working at an university. Both my parents were professors and traveled and worked abroad frequently. Since Jack Ma was teaching english it shouldnt be a surprise.
DJ Pedobear (1 month ago)
actually not really? my great grandfather isn't rich, but manage to travel abroad so, :D some times people just pool money so somebody get out and be and OFW
Lakshay Kashyap (1 month ago)
dont distort facts, he's no where near being asia's richest man. He is 10 billion dollars short from india's buisness magnate mukesh ambani. get you facts right.aye !
Harsha Manish (1 month ago)
Andrew Manook (18 days ago)
You mean UP?
Deepu Gupta (2 months ago)
Mukesh Ambani is the richest man in Asia 😀😂😀😁
gang plank (2 months ago)
justin sun will follow jack ma
李小光 (2 months ago)
JUNCHENG WANG (2 months ago)
jack ma is gr8
Christiaan Verhoef (2 months ago)
Richer than KFC
ThisPowWowYT (2 months ago)
One Problem, Asia rich man across seas.... We have Elon Musk.... Sooooooooo I think what we will do is keep our two different sides of the coin. Ohh and Trump is here as well.
Micheal Name (2 months ago)
His face scared me
麗沙桑原 (2 months ago)
however, it ignores that he has a prestigious father and he was not poor at all.
ジャン (2 months ago)
this guys is lucky because china have censored the internet meaning no google no facebook no yahoo this guys is average compare to other big name billgates stevjob and Mark Zuckerberg he have the homebase advantage
Junyue Han (1 month ago)
ジャン home-base advantage is true. But dealing with Chinese government is not a easy thing. I do not think other brilliants would be able to deal with the Chinese government. Everything has pros and cons.
GREEY H (2 months ago)
pangtianran110 (2 months ago)
The comment section remain me one saying from a book "The west are slowly walking into oblivious."
hemal patel (2 months ago)
Mukesh ambani is the richest man of Asia Not jack ma ambani outworths him by 300 thousand dollars
Frederick Chen (12 days ago)
@hemal patel Arrogant asshole, hasn't drinking cow piss made your smarter?
Sergeant Johnson伍生 (1 month ago)
39.7b vs 39.5b. If my grade 2 math is correct, jack has 200 million more.
ronith Anchan (1 month ago)
hemal patel nope not anymore reliance isn't doing too well. Mukesh Amabanis Net worth is 39.5 Billion USD while Jack Ma's is 39.7 billion
Sout Foul (2 months ago)
so many Jack Ma died in North Korea. so sad :(
Meowmeow (2 months ago)
AKA if you keep working hard then I'm sure the system makes every single one of you billionaires!
Henning Gu (2 months ago)
He is cool.
LinKun林鲲 (2 months ago)
behind the Ma's success stand numerous Chinese women, because women always buy buy buy! It is Chinese woman make him to be Asia's Richest Man.😆😆😆
ranker4 (2 months ago)
And alot of women and men made Bill Gates one of the richest by buying his producs....Really now, stop with this kind of stupid assumptions.
Fezza Manezza (2 months ago)
Dirty tactics that kick out foreign companies and let domestic companies steal all market share and tech!! Greedy western companies happy to exploit land and people of china. Chinese elite happy for it to happen. 1991 letting those fucking rats into the WTO wound up being a huge mistake. Fuck Bill Clinton!
william (2 months ago)
ranker4 (2 months ago)
Is this how your mother called you when you were younger? Trauma kicked in to you now.
MrLeeCummings (2 months ago)
Well, his online shop, Tao Bao, sells counterfeit or knock offs of genuine items, just like my phone case......
Hisoka Morrow (2 months ago)
For everything you do there is an asian that do it better
Sayre Jr. Cabansa (2 months ago)
Jack Ma if it wasn't from Americas Internet network you cannot be able to succeed. If the internet is cut in your country. you will loose everything.
If, if, if... Perhaps that's why you're not as successful as him. Just do it.
DJ Pedobear (1 month ago)
they still have Intranet, internet for china alone, he'll still survived he just won't become the richest
MICHAEL CRASH (2 months ago)
He does seem like a sweetheart
KansaiGene (2 months ago)
Asias richest man looks like a retard
Klaus Uhr (2 months ago)
he's a legend
OMIM (2 months ago)
He seems really humble. Thanks for the documentary! 💓
毛之孫子-习大大 (2 months ago)
吾朕习天朝已令水軍加5毛傾巢出”洞”. 吾习党国天朝是上梁不正下梁歪. 毒发自心,因为烂始自源头!吾朕习天朝19大內斗內行, 外斗外行.和北韓天朝党国差不多了. 吾朕19大要傾天朝党国之力洗腦, 蓝金黄. 朕已令5毛傾巢出”洞”. 朕19大已令奴才尽快地向海外转移资产消灭海内外的证据.一切都是刚刚开始! 同时朕已令吾习天朝党国前幾天把袁腾飞封了. 因為袁腾飞上課講真話.
George Lihi (2 months ago)
Jaime Gutierrez (2 months ago)
Tiger Beer Of Japan(1984..1958)-2018,..,..KANG.
Paise Bachale (2 months ago)
lolzz u noob sometime i feel sorry for u... Actually google it, Asia's Richest Man(as Forbes) is Mukesh Ambani founder of JIO.
shyam kumar (2 months ago)
my true inspiration
Felix Niederhauser (3 months ago)
Considering India to Asia, then the richest men is Tata from Tata & Sons with a private wealth of 80 Billion and a total of ca. 200 Billion.
Thomas Stewart (3 months ago)
He literally just copied American innovation in typical Chinese fashion. Amazon started: 1994, Alibaba founded: 1999. Lol this dudes a hack
olivia-J Trans (14 days ago)
Thomas Stewart, a little full of yourself ? ?
Thomas Stewart (17 days ago)
I can't even read your name, Aladin, but allahu Akbar to you too.
Thomas Stewart (17 days ago)
Salty huh. I use both, the only real difference is Alibaba has a sell side face. Stop pretending like Alibaba is actually some huge boost in usability or innovation.
Ma & Pa are proud of Jack Ma for sure...
take tech (3 months ago)
Asia's richest man is Mukesh ambani
Frederick Chen (12 days ago)
King Chan (2 months ago)
not anymore
EggNoodles _ (3 months ago)
china superwpoer, we have many luxury thing in china !
JordanScottMills (3 months ago)
Lol just wait until the next chairmen comes along and Ma just happens to be at the top of his shitlist (for some reason). Mr. Ma i'd say either make sure you're best fucking friends with any potential new leaders and if you can't do that then TAKE YOUR MONEY AMD FUCKING RUN brother.
Wicker SB (3 months ago)
Never Give Up
ruzzell907 (3 months ago)
Jeff Bezos of Asia.
Pinchy Prince (3 months ago)
Headphone jack?
Dapper Don (3 months ago)
mofo is the ceo of softbank and cant speak properly. wtf
S B (3 months ago)
Wake up! At the end of the day this is a Chinese company backed by the Chinese government. How do you like flipping burgers for a living?
S B (1 month ago)
Trump is beginning to take care of the problem as we speak. Unfortunately the situation has gotten so bad it may take a war to fix things. We will soon see if China's proxy North Korea gives up its nuclear weapons. If not, China will be in for a very rough ride.
DJ Pedobear (1 month ago)
then ask your government to back you up, if you can convince them
Konko (3 months ago)
This is a successful man
Roger Gomez (3 months ago)
Easy to steal an idea and build on it . If China would have let Amazon in you would have never noticed this guy
Rosé (1 month ago)
Roger Gomez Go read a fucking book
侯军龙 (1 month ago)
Stupid guy, before Jack Ma started Taobao, Amazon and Ebay had started their business in China.
JUNCHENG WANG (2 months ago)
They do have amazon in china
King Chan (2 months ago)
His early life is in Australia
solongsucka (3 months ago)
@Bloomberg - Please go back and learn your Geography.
JIAJIE DONG (3 months ago)
Haven't mention ALIPAY in this video:) 没有提到 支付宝:) hahhaha
Landbergaren (3 months ago)
Great at presenting and and connecting with people. Lousy at coding. So he is the chinese Steve Jobs?

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