The Founder and Executive Chairman of Alibaba, Jack Ma, has disclosed that he was a happy man when he was not rich.
According to him, when one has little money, it is easier spent than having a lot and not know how to spend it.
Speaking at a luncheon with the Economics Club of New York, Ma referred to the period when he was not rich as the“best life he has ever I had.
This isn’t the first time Ma has spoken about the burden of being a billionaire. When speaking at a panel at the Clinton Global Initiative in New York, he once referred to his days as an English teacher as “fantastic,” according to CNN Money. He said anyone with $1 million is “lucky,” but when you reach $10 million, “you’ve got troubles.”
After Alibaba’s IPO, he told CNBC that the pressure that comes with the responsibility gets to him, especially now that the world is focusing on Alibaba’s stock price. “IPO is great because … I’m happy with the results,” he said to CNBC. “But honestly, I think when people think too highly of you, you have the responsibility to calm down and be yourself.”
Ma became the richest man in China after Alibaba IPO’d for a record $25 billion last September. But Ma was just as happy — perhaps even happier — when he was barely making any money right out of college. After graduating in 1988, Ma worked as an English teacher at a local university in his hometown of Hangzhou, China. According to the documentary about his life called “Crocodile in the Yangtze”, he only made $12 a month.
– Credit: Entrepreneur.com