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Yahoo
2 hours ago
- Business
- Yahoo
Jack Ma Says You Need A Good Boss Before 30, But Once You Turn 50 You Need To Take A Different Approach To Life: Here's What The Alibaba-Founder Meant
Jack Ma, the billionaire founder of Alibaba Group Holdings (NYSE:BABA), once offered a heartfelt roadmap for life, urging young people to embrace mistakes and older professionals to pass the torch. What Happened: In a candid talk, Ma outlined how people should approach their careers based on age, underscoring the importance of mentorship, experience and personal fulfillment. Before 30 years old, it's not which company you go to, it's which boss you follow, Ma said, adding, 'Before 30 years old, it's not which company you go [to], it's which boss you follow. It's very important, a good boss teaches you differently.' Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — He advised people in their 20s to be good students and embrace failure as growth. "Any mistake is an income, is a wonderful revenue for you," he said. "Make enough mistakes. Don't worry, you fall, you stand up," he stated and then telling young people to "enjoy the show." Between the ages of 30 and 40, Ma recommended thinking clearly about whether you're working for yourself. From 40 to 50, he urged people to focus on what they're already good at rather than trying something entirely new. After 50, Ma suggested shifting gears. 'Work for the young people because young people can do better than you. So rely on them, invest on them, making sure they're good.' And once you hit 60? "Spend time for yourself," he said. During the conversation, Ma also admitted regrets, including sacrificing time with family and losing privacy to public life. "If I have another life, I would never do things like this," he said. Why It's Important: According to Bloomberg's Billionaire Index, Ma currently has a net worth of $39.3 billion. Born in 1964 in Hangzhou, China, Ma began his journey as a self-taught English speaker who offered free tours to foreign visitors. After failing the college entrance exam twice, he graduated from Hangzhou Teachers College and worked as an English teacher, earning $15 a month. His exposure to the internet came during a trip to the U.S. in 1995, leading him to create China Pages, a web service for small businesses. He later founded in 1999 with $60,000 and 17 co-founders. A major deal in 2005 with Yahoo saw the U.S. company take a 40% stake in Alibaba for $1 billion, but tensions grew after Ma spun off Alipay in 2011 without Yahoo's approval. The dispute was settled, and in 2012, Ma agreed to buy back part of Yahoo's stake for $7.1 billion. Alibaba's IPO in 2014 became the world's largest. Despite his success, Ma expressed a desire to return to teaching. He stepped down as CEO in 2013 and as chairman in 2019. Read Next: Are you rich? Here's what Americans think you need to be considered wealthy. These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends Image via shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Jack Ma Says You Need A Good Boss Before 30, But Once You Turn 50 You Need To Take A Different Approach To Life: Here's What The Alibaba-Founder Meant originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Time of India
12 hours ago
- Business
- Time of India
Elon Musk on when he just wanted a job at Netscape and was rejected because …
Tesla CEO Elon Musk revealed he never intended to become an entrepreneur, he simply wanted a job at Netscape in 1995. Speaking at Y Combinator 's AI Startup School in San Francisco this week, the billionaire shared how Marc Andreessen's browser company ignored his application, inadvertently launching one of history's most successful entrepreneurial careers. "I sent my resume into Netscape and nobody responded," Musk told Y Combinator CEO Garry Tan during the fireside chat. "So, I'm like man, this is ridiculous, so I'll just write software myself and see how it goes." The rejection forced Musk to drop out of Stanford 's PhD program and pivot to building his own company. Despite holding physics and business degrees from Wharton and pursuing graduate studies in applied physics, his lack of computer science credentials apparently didn't impress Netscape's hiring team. From rejection to riches: The $300 million outcome by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo That "see what happens" mindset led to Zip2, Musk's first startup, which he built while sleeping in the office and showering at the YMCA. The company sold for $300 million in 1999, with Musk earning $20 million, money he immediately reinvested into his next venture, "I kept the chips on the table," Musk explained, describing his decision to risk everything on subsequent ventures rather than playing it safe. Back to the 'main quest' after political detour Now worth $366 billion according to Bloomberg's Billionaire Index, Musk reflected on his recent involvement with government efficiency initiatives as a "side quest." He emphasized his return to technology development as his "main quest," noting the contrast between engineering's demand for truth and politics' inherent noise. The Tesla founder, whose companies now include SpaceX (valued at $350 billion) and xAI , offered simple advice to aspiring entrepreneurs: "Try to be as useful as possible! You do whatever it takes to succeed!"
Business Insider
17 hours ago
- Business
- Business Insider
Top 5 African billionaires with the highest net-worth change in 2025 so far
Midway through 2025, the fortunes of African billionaires have shifted in ways that reflect a great deal about the continent's economic orientation, global significance, and private sector innovation. Business Insider Africa presents the top 10 richest African billionaires mid-way into 2025. This list is courtesy of Forbes. Johann Rupert ranks number 1 on the list. While some African billionaires saw their portfolios increase by billions, others faced stagnation or declines. These variations are more than simply financial; they are dynamic indications of Africa's evolving commercial scene, which is fascinating for a variety of reasons. The considerable gains achieved by billionaires such as Nigeria's Aliko Dangote, whose net worth increased by over $10 billion in approximately a year following the operational launch of his oil refinery, demonstrate how industrial infrastructure is changing wealth throughout the continent. Similarly, high-net-worth individuals (HNWI) in Egypt and South Africa have seen their wealth transfer due to strong results in building, chemicals, luxury goods, and mining. These industries, albeit conventional, are demonstrating their ability to create remarkable value when combined with innovation and sound strategy. Some African countries still retain some of the world's most erratic economies, but they sometimes also offer several fiscal opportunities. The billionaires who flourish are those who can predict or adapt promptly to change. This volatility is what makes tracking these wealth transfers so fascinating; each change in net worth tells a story about risk, resilience, and reward. Behind the increases in net worth of Africa's HNWI are the result of careful planning, calculated risk-taking, timing, and, sometimes, chance. Unlike static lists of wealthy individuals, year-to-date swings make these billionaires feel like active players in an ongoing African economic narrative. From Dangote's gamble on self-sufficiency to Oppenheimer's diverse investment bets, these are dynamic tales worth following, not just for the money, but also for what they reveal about African ambition and promise. With that said, here are the African billionaires with the most dramatic change in fortune mid-way into the year, as per data from Bloomberg's Billionaire Index. Top 5 African billionaires with the highest net-worth change in mid-2025 Rank Name Current networth Net-worth at the start of the year Net-worth change 1. Johann Rupert $16.4 billion $13.7 billion +2.7 billion 2. Natie Kirsh $10.4 billion $9.33 billion +$1.07 billion 3. Nassef Sawiris $9.41 billion $8.69 billion +720 million 4. Nicky Oppenheimer $12.0 billion $11.5 billion +$500 million 5 Aliko Dangote $27.7 billion $28.1 billion -$400 million
Mint
5 days ago
- Business
- Mint
Larry Ellison's net worth: Here's how Oracle co-founder became the second-richest man with $258.8 billion in June 2025
US-based big tech multinational firm Oracle's Co-founder and Chief Technology Officer (CTO), Larry Ellison's net worth, witnessed a massive multi-billion-dollar surge last week as the 80-year-old's value hit $258.8 billion in June 2025. Data collected from the Forbes Billionaire List showed Ellison replaced Meta CEO Mark Zuckerberg to become the second-richest billionaire in the world. Larry Ellison's net worth rose by $66.8 billion to hit its level of $258.8 billion last week, compared to its $192 billion levels mentioned in the World's Billionaires List for 2025. According to Bloomberg data, Larry Ellison holds more than 40 per cent of the tech company along with a stake in Elon Musk's Tesla, a sailing team, a tennis event, and real estate, including the Lanai island in Hawaii. However, according to Bloomberg's Billionaire Index, Ellison is the third richest billionaire, with the last change marking a $13.9 billion increase. The data showed that Larry Ellison's net worth was $234 billion, trailing behind Elon Musk and Mark Zuckerberg. The billionaire CTO's net worth jumped after the company published an earnings report that beat Wall Street analysts' expectations. According to the official fourth quarter 2024-25 fiscal year results, the big tech firm's total quarterly revenues witnessed an 11 per cent year-on-year (YoY) jump to $15.9 billion, with major support from its cloud services and license support revenues, which recorded a 14 per cent jump in constant currency at $11.7 billion. The company's net income (GAAP) was $3.4 billion while the earnings per share were at $1.19. 'FY25 was a very good year — but we believe FY26 will be even better as our revenue growth rates will be dramatically higher,' said Oracle CEO, Safra Catz, in the filing. 'MultiCloud database revenue from Amazon, Google and Azure grew 115% from Q3 to Q4,' said Oracle Chairman and CTO, Larry Ellison, according to the official release. Oracle shares closed nearly 7.6 per cent higher at $215.22 after Friday's US stock market session, compared to $199.86 at the previous market close. The stock earlier jumped nearly 14 per cent on Thursday's market open after the company announced better-than-expected results for its fourth quarter on 11 June 2025. Oracle Corp. shares have given stock market investors more than 295 per cent returns on their investment in the last five years and over 52 per cent in the last one-year period. On a year-to-date (YTD) basis, the shares have gained 29.63 per cent in 2025 and are trading 23.26 per cent higher in the last five stock market sessions. The shares hit their 52-week high levels at $216.60, while the 52-week low level was at ₹ 118.86, according to the data collected from Marketwatch. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
16-05-2025
- Business
- Time of India
98% of Warren Buffett's wealth came after he turned 65; here's the secret of the Oracle of Omaha
At 94 years of age, billionaire investor Warren Buffett is living proof of the power of patience, discipline, and compounding returns. The data provided by Peter Mallouk, president and CEO of Creative Planning, showed that almost 98% of Buffett's current was accumulated after the age of 65, as per a report. Warren Buffett's Wealth Built Through Time Mallouk revealed that the Oracle of Omaha 's net worth stood at just $3 billion nearly 34 years ago when he was 65 years old, according to Benzinga. Buffett's wealth has compounded by about 5,233% from that time to $160 billion as of May 14, as per the report. Now, the investor's net worth is $160 billion, as per Bloomberg's Billionaire Index. This reflects that the investor earned 98% of his wealth after 65 years of age, as per Benzinga. GIF89a����!�,D; Continue to video 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Nagelpilz? Dieses Gerät war mal teuer – jetzt fast geschenkt PODOclear Undo ALSO READ: Want to attend concerts for just $30? Here's how to grab Live Nation's summer deal! Magic of Compound Interest While revealing this data, Mallouk also quoted Buffett, who emphasized that the growth in his wealth was possible through the power of compounding, reported Benzinga. Live Events Buffett has previously shared that, 'My life has been a product of compound interest ,' as quoted in the report. He has invested through Berkshire Hathaway and has placed significant bets in Apple, American Express, Bank of America, and Coca-Cola, according to Benzinga. ALSO READ: $300 million bet? TikTok-connected startup with zero revenue and China links eyes massive stake in Donald Trump's memecoin Leadership Transition at Berkshire Hathaway In the latest shareholders' meeting of the company, Buffett announced that he would be stepping down as the CEO of Berkshire Hathaway. He also named the present vice chairman Greg Abel to become the CEO starting January 1, 2026, according to reports. FAQs How much of Buffett's wealth came after age 65? Nearly 98% of Buffett's wealth was accumulated after he turned 65. What investment strategy did Buffett use to grow his wealth? Buffett relied on the power of compound interest to grow his wealth, as per Benzinga.
