Net Worth:	$24.5 Billion
Age:	59
Born:	October 15, 1964
Gender:	Male
Height:	1.61 m (5 ft 3 in)
Country of Origin:	China
Source of Wealth:	Founder of Alibaba
Last Updated:	Jul 3, 2024

What is Jack Ma’s net worth?

Jack Ma is a Chinese entrepreneur and the founder of Alibaba Group, which owns various online businesses.

Before founding Alibaba, Ma faced one rejection after another and got used to being told he wasn’t good enough.

And for a guy who was told he was never good enough, becoming one of the richest people in the world has proven them wrong.

Today, Jack Ma’s net worth is estimated at $24.5 Billion.

Early Life

Jack Ma was born on the 10th of September 1964 in Hangzhou, China.

At a young age, Jack was very interested in learning English and went to great lengths to improve his skills.

He would ride his bicycle 70 minutes a day to and from Hangzhou’s international hotel to converse with tourists.

Ma also started offering free tours around the city in exchange for English lessons.

When it came to college, Ma struggled to pass the entrance exams. They are only held once a year in China, and it took him a total of 4 years to pass.

Eventually, he graduated from Hangzhou Teacher’s Institute and became an English teacher, where he was only paid a very small wage.

Career

After graduating from Hangzhou Normal University in 1988, Jack Ma applied for several jobs and was rejected by every single one. 

However, he was able to start his own company, Hangzhou Haibo Translation Agency in 1994 and, the following year, created a website about Chinese beer. 

Soon after, he launched China Pages, his second company, which earned the equivalent of $1.18 million in today’s currency in three years.   

Quickly becoming one of the richest people in Asia, Jack Ma became the go-to guy for building websites for Chinese companies.

Building His Fortune

In 1998, Jack Ma worked with the China International Commerce Center but quit in 1999 to establish Alibaba in Hangzhou.  

By 2000, Alibaba earned $25 million in venture seed capital from Goldman Sachs and SoftBank, which allowed it to grow exponentially. 

Three years later, Ma started the Taobao Marketplace, which eBay offered to purchase, but Ma turned them down. 

Instead, Ma gained support from Jerry Yang, the co-founder of Yahoo, who offered him a $1 billion investment in Alibaba. 

Since then, Jack Ma has grown Alibaba to include several subsidiaries, including AliExpress, Alipay, Alibaba Cloud Computing, and Tmall eTao. 

Ma also launched the non-profit organization, the Alibaba Hong Kong Young Entrepreneurs Foundation, in 2015. 

This organization helps support entrepreneurs in Hong Kong so they can expand their businesses and become successful. 

In the same year, Ma’s company funded the construction of 1,000 houses in Nepal after the country was devastated by an earthquake. 

In 2017, Ma met with then-President-elect Donald Trump to discuss expanding Alibaba’s business interests inside the United States.  

At the same time, he partnered with Li Ka-Shing, the Hong Kong business tycoon, to offer a digital wallet service in HK. 

Jack Ma then stepped down as the executive chairman of Alibaba Group Holding in 2018, allowing Daniel Zhang to take over. 

He also stepped down from the board of Alibaba in 2020, though he remains involved in the company.

Ma’s Recent Involvement

Following a 2020 regulatory crackdown on Alibaba, Jack Ma disappeared from the public eye after criticizing China’s banks and regulators. 

However, the Alibaba Foundation and the Jack Ma Foundation did donate medical supplies to the US, Africa, and Europe during the COVID-19 pandemic.

For his philanthropy, Ma was named one of Asia’s “Heroes of Philanthropy,” and he was given the Malcolm S. Forbes Lifetime Achievement Award. 

In 2022, Ma was reportedly living under the radar in Tokyo, Japan, though he returned to Hangzhou to tour the Yungu school in 2023. 

The school, funded by Alibaba, is located near the company’s headquarters, and after his visit, Ma returned to traveling abroad. 

Later that year, Ma became a visiting professor at the University of Tokyo, focusing on food production and agriculture while lecturing on entrepreneurship. 

In 2024, Ma became Alibaba’s largest shareholder, replacing SoftBank, who previously held the company’s largest share. 

Now one of the richest people in the world, Jack Ma continues to have a huge influence on e-commerce and technology in China and around the world.

Jack Ma Net Worth

As of July 2024, Jack Ma’s net worth is estimated at $24.5 Billion.

Jack Ma’s Net Worth Over Time

Highlights

Here are some of the best highlights of Jack Ma’s career:

• Offered city tours to foreign visitors in exchange for learning English
• Graduated from Hangzhou’s Teacher’s Institute (1988)
• Got rejected for many jobs including Manager’s position at KFC
• Hired as an English teacher at a local university, and made $12/month
• Gather 17 friends in his apartment, asking them to invest in Alibaba
• Yahoo invested $1 billion in Alibaba (2005)
• Resigned as CEO (2013)

Favorite Jack Ma Quotes

“Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine.” – Jack Ma

“If you’ve never tried, how will you ever know if there’s any chance?” – Jack Ma

“Opportunities lie in the place where the complaints are.” – Jack Ma

“If we want to change the world, we change ourselves.” – Jack Ma

“Once in your life, try something, work hard at something. Try to change. Nothing bad can happen.” – Jack Ma

View our larger collection of the best Jack Ma quotes!

3 Success Lessons from Jack Ma

Now you know all about Jack Ma’s net worth, and how he achieved success; here are 3 success lessons we can all learn from Jack Ma:

1. Grow from Rejection

Anybody being the only person to be rejected from KFC out of 24 applicants, would likely be discouraged. Discouraged from even bothering to try again, demotivated to find success in life.

Jack Ma didn’t take it that way. Instead, he continued to try, again and again. He knew that you have to fall many times to finally find your feet.

2. Don’t Let People Get You Down

When you’re told you’re not good enough, it’s a horrible feeling. Ma was never phased by this.

He kept on living his life, and looking for new opportunities. Which eventually led him to find the internet, and found Alibaba.

If he hadn’t suffered this rejection and the opinions of others, then he may never have stumbled onto the opportunity that brought him success.

3. Go to Extreme Lengths to Improve Your Knowledge

Ma’s dedication to learning English when he was younger has become an irreplaceable skill later in life.

The lengths he went to to improve his knowledge had a big impact on his ability to carry out his Alibaba vision later on.

Not only that, but this work ethic ensured Alibaba would be a success.

He brought the same effort to learning about the internet, as he did learning English.

Frequently Asked Questions

How much is Jack Ma worth?

Jack Ma’s net worth is estimated to be $24.5 Billion.
 

How old is Jack Ma?

Jack Ma was born on October 15, 1964, and is currently 59 years old.
 

How tall is Jack Ma?

Jack Ma’s height is 1.61 m, equal to 5 ft 3 in.
 

Summary

Rejection has been present in Jack Ma’s life ever since he was a teenager, and he faced much of it.

But his inspiring story, from being rejected from a position at KFC to founding one of the most valuable companies in the world, is inspiring for us all.

As of 2024, Jack Ma’s net worth is estimated to be $24.5 Billion.

What do you think about Jack Ma’s net worth? Leave a comment below.

What is Thomas Peterffy’s net worth? 

Net Worth:	$17 Billion
Age:	80
Born:	January 1, 1944
Gender:	Male
Height:	1.80 m (5 ft 11 in)
Country of Origin:	Hungary
Source of Wealth:	Entrepreneur
Last Updated:	Jul 3, 2024

Introduction 

Thomas Peterffy is a Hungarian-born American billionaire businessman.

Peterffy is the founder, chairman, and largest shareholder of Interactive Brokers. After emigrating to the United States, he worked as an architectural draftsman and later became a computer programmer.

As of July 2024, Thomas Peterffy’s net worth is estimated to be $17 Billion. 

Early Life 

Thomas Peterffy was born on the 30th of September, 1944, in Budapest, Hungary.

His father emigrated to the US after the failure of the Hungarian Revolution in 1956.

He left his engineering studies in Hungary and emigrated to the United States to rendezvous with his father in New York in 1965.

Career 

After emigrating to the United States in 1965 following the Hungarian Revolution, Peterffy began a career as an architectural draftsman in New York City.

He volunteered to help program a computer at his engineering firm, which sparked his interest in technology and led him to investigate other opportunities.

Thomas left the engineering company and bought a seat on the American Stock Exchange to trade options.

He pioneered the use of automation and technology in financial trading, writing code in his head during trading days and implementing it after hours.

Whereas Timothy Sykes made his money teaching trading, Peterffy made his fortune on the bleeding edge of the financial markets.

Introducing New Technology On The Trading Floor

Peterffy introduced handheld computers to the trading floor in the early 1980s, and his AMEX seat business eventually evolved into Interactive Brokers.

He stepped down as CEO of Interactive Brokers in 2019, choosing to relocate to Budapest for the company’s European headquarters due to “unique Hungarian logic.”

His impact on the financial system was impressive, and Tomas contributed to the launch of the news website The Messenger in 2023.

He also successfully advocated for electronic linking of U.S. options markets in the 1990s and testified before the U.S. Senate on banking regulations.

Drawing on his traumatic personal experiences in Eastern Europe, he created anti-socialist political ads during the 2012 American presidential campaign.

Supporting The Republican Party

He registered as an independent voter but donated to the Republican Party, supporting Donald Trump in the 2016 election due to his anti-socialist stance.

However, in 2023, he distanced himself from Donald Trump and expressed hope for a brokered convention due to the divisions within the Republican Party.

After founding Interactive Brokers, he became chairman and led the company to become one of the leading online brokerage firms.

Peterffy co-founded OneChicago, an all-electronic exchange for single-stock futures, a business that went on to flourish in the years following its incorporation.

The business was jointly controlled by the Chicago Board Options Exchange, CME Group, and IB Exchange Group, creating an impressive and substantial financial platform.

Receiving The Order Of Merit

In 2017, Peterffy received the fourth-highest state order in Hungary, known as the Hungarian Order of Merit, for his contributions to the economy.

The order was revived in 1991 after it was first established in 1946 and disbanded in 1949 due to the political climate at the time.

In conformity with the 2011 Hungarian Constitution, the Order of Merit of the Republic of Hungary was renamed the Hungarian Order of Merit.

After Interactive Brokers went public in 2007, it moved its listing to IEX in 2018, a change that resulted in improved profitability and increased opportunities.

Becoming The Top Rated Online Broker

The company consistently ranked as a low-cost but top-rated online broker by Barron, competing for market share with impressive service levels.

However, regulations were tightly controlled, with the Commodities Futures Trading Commission and the Securities and Exchange Commission both enforcing regulations on privately held businesses.

Chicago’s financial center was home to the impressive Chicago Board of Trade Building, which housed the corporate headquarters of OneChicago.

Following its listing, roughly 2,272 single-stock futures featuring brands like Apple and Google, founded by Larry Page and Sergey Brin, and IBM were available.

Options Clearing Corporation cleared all trades (OCC), and the only securities futures marketplace in the United States at the time was run by OneChicago.

Thomas Peterffy Net Worth

As of July 2024, Thomas Peterffy’s net worth is estimated to be $17 Billion.

How Does Thomas Petterffy Spend His Money?

Thomas Petterffy spends some of his money on real estate. 

Thomas Petterffy’s Home

Petterffy owns a home in Palm Beach, Florida. 

Highlights 

Here are some of the best highlights of Thomas Peterffy’s career: 

• He is the founder and chairman of Interactive Brokers 
• OneChicago 

Favorite Quotes From Tomas Peterffy

“America’s wealth comes from the efforts of people striving for success. Take away their incentive with badmouthing success, and you take away the wealth that helps us take care of the needy.” – Thomas Peterffy 

“I had an extremely boring time making 20 to 30 trades a day while everyone was talking about baseball or basketball. So I stood there fantasizing about a device that could do the same thing I was doing.” – Thomas Peterffy 

“I see no point in exchanging something that I understand, know, love, and think will have a great future for something else that I know much less about.” – Thomas Peterffy 

“I don’t think my basic business strategy is well known by the public, probably because people think it’s too simple. My strategy has always been to try to focus in on a product or service where you can create a dollar of value for 20 cents and sell it for 40 cents.” – Thomas Peterffy

“What I am objecting to is linking bitcoin and other cryptocurrencies by federal regulations to the real economy, which would happen if we were to clear bitcoin along with other products in the same trading house.” – Thomas Peterffy

3 Powerful Lessons From Thomas Peterffy

Now that you know all about Thomas Peterffy’s net worth and how he achieved success; let’s take a look at some of the lessons we can learn from him:

1. Always Work On Yourself As A Person

There’s a reason why personal development and business development seem to go hand in hand – it’s because the health of a business owner is often reflected in the business.

2. Learn To Delegate

Good leaders know that they can’t do everything themselves. As a result, they learn to bring people onto their team and delegate.

3. Learn How To Say No

As a leader, you’re probably going to be asked to take on new projects or participate in other events.

While in the beginning, it makes sense to take every opportunity that comes your way, eventually, it becomes detrimental to your progress. That’s why learning how to say no is always one of the lessons on leadership business owners must learn.

Frequently Asked Questions

How much is Thomas Peterffy worth?

Thomas Peterffy’s net worth is estimated to be $17 Billion.
 

How old is Thomas Peterffy?

Thomas Peterffy was born on January 1, 1944, and is currently 80 years old.
 

How tall is Thomas Peterffy?

Thomas Peterffy’s height is 1.80 m, which is equal to 5 ft 11 in.
 

Summary

Thomas Peterffy is a Hungarian-born American billionaire who began his professional career as a computer programmer, designing trading software.

Soon after, he bought a seat on the American Stock Exchange and began doing his own trading.

In 1977, Peterffy purchased a seat on the American Stock Exchange and played a role in developing the first electronic trading platform for securities.

As of July 2024, Thomas Peterffy’s net worth is estimated to be $17 Billion.

What do you think about Thomas Peterffy’s net worth? Leave a comment below. 

Net Worth:	$122.1 Billion
Age:	51
Born:	March 26, 1973
Gender:	Male
Height:	1.70 m (5 ft 7 in)
Country of Origin:	United States of America
Source of Wealth:	Entrepreneur
Last Updated:	Jul 3, 2024

What is Larry Page’s net worth?

Introduction

Larry Page is an American entrepreneur and computer scientist who co-founded the colossal search engine, Google.

Google has become essential to billions of people’s everyday lives and offers numerous internet products and services.

The super company was co-founded by Larry Page and Sergey Brin in 1998 to improve people’s everyday lives and make technology readily accessible to all.

As of July 2024, Larry Page’s net worth is $122.1 Billion.

Early Life

Larry Page was born in East Lansing, Michigan, on March 26, 1973, to parents Carl and Gloria Page.

His parents were both computer science professors, and his home was always filled with computer science magazines as a child.

At the age of 12, he realized that he wanted to establish his very own company.

He attended East Lansing High School and graduated in 1991.

He received his bachelor’s degree in computer engineering from the University of Michigan and a computer science master’s degree from Stanford University.

Career

Page joined the PhD Program at Stanford with his dissertation, which explored the mathematical properties of the World Wide Web, viewing it as a large graph.

Terry Winograd encouraged his supervisor to pursue this idea and co-authored “The Anatomy of a Large-Scale Hypertextual Web Search Engine.”

He developed the PageRank algorithm to measure the importance of web pages and, around that time, met Sergey Brin, a researcher.

Larry used his dorm room as a lab and Brin’s as an office and programming center, releasing Google on Stanford’s website in 1996.

He considered researching telepresence and self-driving cars before settling on the more pragmatic choice – indexing the internet and making money.

The Launch Of BackRub

By 1996, Larry and Sergey had constructed their first search engine called ‘BackRub,’ which operated solely on Stanford servers for several months.

After the launch, the pair focused on finding which web pages linked to a given page, considering backlinks as valuable.

They were influenced by the role of citations in academic publishing and decided to incorporate it into their new search engine.

The two partners decided they wanted to bring their idea to life, and the co-founder of Sun Microsystems, Andy Bechtolsheim, was approached.

He played a considerable role in launching the business, writing them a check for $100,000, as by 1997, BackRub had indexed 75.23 million HTML URLs.

Apart from Andy’s $100,000, the pair raised funds from faculty, family, and friends, eventually putting together sufficient seed money for their venture.

Changing Its Name To Google

When the business finally materialized in 1998, its name was changed to the memorable one it still goes by today – Google.

The partners incorporated Google, Inc. in 1998, initially named “Googol,” and Larry appointed himself as Google’s first Chief Executive Officer.

Initially, Google’s mission was to organize the world’s information and make it universally accessible and helpful, a task it achieved beyond the partners’ imagination.

They moved into a Mountain View office in early 2000, and by June 2000, Google had indexed one billion Internet URLs.

Larry had a striking and authoritarian management style and attempted to remove all project managers in 2001 to streamline engineering oversight.

However, they saw the need for business experience and hired Eric Schmidt as CEO in 2001, while Page assumed the role of president of products.

Becoming An instant Millionaire

In 2004, the website launched Orkut, the social networking site, and Google Desktop Search, and later that year, held the IPO which made them millionaires.

The pair released Google Maps in 2005, Google Reader, and Blogger Mobile, and the company even acquired YouTube and Android.

In 2007, Google signed agreements with Salesforce.com and China Mobile to make Google’s educational programs available to students in Rwanda and Kenya.

The most recent iteration of Google Earth, Google Sites, was released in 2008, followed by Google Latitude, another iteration of Google Earth, and Google Ventures.

Google Apps Marketplace was developed in 2010, and in 2011, Eric Schmidt was appointed executive chairman and Larry Page as the new CEO.

Larry now focused on some ambitious projects like Google X, Calico, and smart-home automation and launched “Project Kennedy” for a cohesive design overhaul.

Next came the release of Google+ in response to Mark Zuckerberg and Facebook’s growth and the acquisition of Motorola Mobility for $12.5 billion in 2011.

Stepping Down As CEO

Looking towards the hardware market, Page unveiled the Chromebook in May 2012 and then created Alphabet Inc. in 2015, with himself as CEO.

Larry stepped down as Alphabet CEO in December 2019 and joined Elon Musk in investing in Tesla Motors and other renewable energy technologies.

He backed startups like Opener and Kitty Hawk, developing consumer aerial vehicles, and helped set up Singularity University, a transhumanist think-tank.

Page is currently interested in the socio-economic effects of advanced intelligent systems and is promoting the idea of abundance through technology.

Larry Page Net Worth

As of July 2024, Larry Page’s net worth is $122.1 Billion, and he is among the richest in the world.

Larry Page’s Net Worth Over Time

Highlights

Here are some of the best highlights of Larry Page’s career:

• MIT Technology Review 2002, TR100 (top innovators list)
• Marconi Foundation 2004, Highest Award in Engineering
• Forbes 2009, Larry Page & Sergey Brin were 5th most powerful people in the world
• Princess of Asturias Awards 2008, Communication Award

Favorite Quotes from Larry Page

“Always deliver more than expected.” – Larry Page

“If you’re changing the world, you’re working on important things. You’re excited to get up in the morning.” – Larry Page

“For a lot of companies, it’s useful for them to feel like they have an obvious competitor and to rally around that. I personally believe it’s better to shoot higher. You don’t want to be looking at your competitors. You want to be looking at what’s possible and how to make the world better.” – Larry Page

View our larger collection of the best Larry Page quotes!

3 Rules for Success from Larry Page

Now that you know all about Larry Page’s net worth, and how he achieved success; let’s take a look at some of the lessons we can learn from him:

1. Go above and beyond

Don’t settle for the bare minimum. Go above and beyond to push your limits and prove to yourself that you are capable of doing anything you set your mind to.

2. Competition isn’t everything

Don’t do things just so that you can beat the competition. You should always be shooting higher than your current goals to improve and challenge yourself and your own abilities.

3. Always aim to make the world better

We should all be mindful of our environment and push ourselves to leave the world a better place than how we found it whether it’s through your ecological footprint or your effect on other people.

Frequently Asked Questions

How much is Larry Page worth?

Larry Page’s net worth is estimated to be $122.1 Billion.
 

How old is Larry Page?

Larry Page was born on March 26, 1973, and is currently 51 years old.
 

How tall is Larry Page?

Larry Page’s height is 1.70 m, which is equal to 5 ft 7 in.
 

Summary

Larry Page is an extremely wealthy man today because he created the mega-company Google, which billions of people use daily.

Larry Page’s net worth is around $122.1 Billion in 2020.

What do you think about Larry Page’s net worth? Leave a comment below.