Personal Finance
Even Jack Ma, the richest man in China has a retirement plan
By Retire by 50  •  September 18, 2018
Yesterday (10th September), the richest man in China, Jack Ma has announced that he is retiring. The Chinese billionaire would step down exactly a year from now, with CEO Daniel Zhang succeeding him. Why would the richest man with the most valuable company in Asia want to retire? With that much power in the most valuable company in Asia (not to mention all that money), why would Ma want to give it all up and retire? The fact is that with great power comes great responsibility (thanks Spiderman!). Even after retiring as chief executive officer of Alibaba to become executive chairman in 2013, Ma had to put in even more hours at work than before. In an interview with CNBC on 21 June 2017, Ma mentioned that he has spent 870 hours in the air, flying to countries to push the Alibaba towards globalisation in 2016 and he says that he may be spending around 1,000 hours in the air, visiting world leaders and companies ......
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By Retire by 50
RetireBy50.me is a personal blog about my journey to retirement by the age of 50. At 31, I am a typical white-collar Singaporean who works regular hours in a job while looking for other opportunities to make more money during non-office hours. This blog will discuss the hits-and-misses encountered during my journey to free myself from the corporate rat race. Will I get there by 2033? Stay tuned.
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