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.”
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 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.”
Jack Ma ( Who is he ?)
Jack Ma or Ma Yun (Chinese: 马云; born September 10, 1964) is a Chinese business magnate and philanthropist. He is the founder and Executive Chairman of Alibaba Group, a family of highly successful Internet-based businesses. He is the first mainland Chinese entrepreneur to appear on the cover of Forbes. As of November 2014, he is the richest man in China and 18th richest man in the world with an estimated net worth of $29.7 billion, according to Bloomberg Billionaires Index.
Jack Ma, the founder and executive chairman of Alibaba, 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. He only made $12 a month, according to the documentary about his life called “Crocodile in the Yangtze.”
When speaking at a luncheon with the Economics Club of New York on Tuesday, Ma referred to this period as the “best life I had.”
When you don’t have much money, you know how to spend it, Ma explained. But once you become a billionaire, you have a lot of responsibility.
“If you have less than $1 million, you know how to spend the money,” he said during Tuesday’s speech. ” [At] $1 billion, that’s not your money…The money I have today is a responsibility. It’s the trust of people on me.”
Ma says he feels a need to spend his money “on behalf of the society.”
“I spend it our way,” he said. “It’s a trust.”
” Never give up. Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine.”
~ Jack Ma
“I try to make myself happy, no, because I know that if I’m not happy, my colleagues are not happy and my shareholders are not happy and my customers are not happy. “
~ Jack Ma
” When you have 1 million dollars it is your Money.
When you have 20 million dollars you might have a problems
When you have one billion dollars that is not your money. That is the trust society gives you. They believe you can manage the money, they believe you can use the money better than the government, better than anyone can.”
~ Jack Ma