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#89
#89

Jack Ma (Ant Group Era)

Ant Group / Alipay

Industry

Fintech / Payments

Country

China

Founded

2004

Net Worth

$25B+

All 25 Entrepreneurs

Famous Quote

If you don't give up, you still have a chance.

Why #89

See entry #12 for Ma's full Alibaba story. Ant Group/Alipay represents his second act — building the fintech platform that made China's cashless revolution possible.

The Story

Beyond Alibaba (entry #12), Jack Ma built Ant Group — the parent company of Alipay — into the largest fintech company in the world. Alipay processes trillions of dollars annually and has over 1 billion users. It transformed China from a cash-based society into the world's most advanced digital payments economy, where even street vendors accept mobile payments.

Ant Group's planned $37B IPO in 2020 would have been the largest in history, but Chinese regulators halted it days before listing after Ma publicly criticized China's financial regulators. The incident led to a broader crackdown on Chinese tech companies and effectively ended Ma's public career. See entry #12 for his full Alibaba story.

Key Achievements

1

See entry #12 for full achievements

By the Numbers

#12

See entry

Fun Facts

See entry #12 for full details.

Frequently Asked Questions

Who are the greatest entrepreneurs of all time?

The greatest entrepreneurs include Steve Jobs (Apple), Elon Musk (Tesla/SpaceX), Jeff Bezos (Amazon), Bill Gates (Microsoft), and Mark Zuckerberg (Meta). Each built companies that fundamentally changed how the world works — from personal computing and smartphones to e-commerce, cloud computing, and social media.

What makes someone a successful entrepreneur?

Successful entrepreneurs share several traits: the ability to identify unmet needs, willingness to take calculated risks, relentless execution, and resilience in the face of failure. They combine vision with practical problem-solving and are willing to persist long after most people would quit. Capital and credentials matter far less than most people think — resourcefulness beats resources.

Can you become an entrepreneur without a business degree?

Absolutely. Many of the greatest entrepreneurs had no business education. Steve Jobs dropped out of college. Richard Branson left school at 16. Sara Blakely was selling fax machines. Henry Ford had no formal engineering training. Jack Ma was an English teacher. What matters is not the degree — it is the ability to see an opportunity, build something people want, and persist through failure.

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