Jack Ma grew up poor in communist China, failed his university-entrance exam twice, and was rejected from dozens of jobs, including one at KFC, before finding success with his third internet company, Alibaba.VCG/VCG via Getty Images
Alibaba isn't the only company Jack Ma is stepping back from.
On Monday, the e-commerce billionaire announced that, effective June 25, he will resign from SoftBank's board of directors after 13 years. The news came the same day that the Japanese investment firm announced that it lost $13 billion amid troubled investments including WeWork and Uber.
Ma grew up poor in communist China, failed his university entrance exam twice, and was rejected from dozens of jobs, including one at KFC, before finding success with his third internet company, Alibaba.
Keep reading to learn more about how Jack Ma made his fortune.
Jillian D'onfro and Charles Clark contributed to an earlier version of this post.
Read the original article on Business Insider