Tuesday, October 30, 2018

Joseph Tsai
Age 54   Net Worth $8.3 Billion
Born Taipei, Taiwan    Citizen  Canada
Selfmade in eCommerce ,   co-founder of Alibaba in 1997

Here is a picture of Joseph Tsai





 







Here is my youtube link to Joseph Tsai 
https://www.youtube.com/edit?o=U&video_id=riMYYU3OvJw

His went to Yale Law School.
His father graudated from Yale Law School.
His grandfather also graduated from Yale Law School.

Below is picture of Joseph Tsai and His Father





 








In 1997, he quit his investment banker job with AB 
that paid him $700K a year to join Alibaba

$700K a year is about $60K a month.  He took a salary of $80 a moth to work for Alibaba. 
He was willing to work for Peanut





 








His is a brilliant strategy.  First, he helped Alibaba survived by raising $1 Billion from Yahoo.
At one point Yahoo owned 40% of Alibaba.

Later on, he bought back 20% of Alibaba from Yahoo. 

In 2018, he is the richest selfmade billionaire in Canada















Joseph Tsai bought the Brooklyn Nets (NBA Team) from Mikhail Prohorov in 2018






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