Jack Ma FIRE's at 54 with about $40 billion!

[NYEXPAT]

I read today he is going back into Education "his first love" and Philanthropy!

 

[Lukeee]

I’m headed down to city hall to officially change my name to Philanthropy

 

[Popeye]

Waiting for his post to vet his 3.75% withdrawal rate!

 

[lemming]

Is that a sell signal?

 

[Newventurer]

Ba ba ma ran

 

[flyingaway]

I checked the Chinese news report. Mr. Ma is talking about retiring and teaching somewhere. He is planning his retirement. Who know when he will actually do that. He said that wants to retire earlier than Gates did at 59.

 

[Go-NoGo]

I checked the Chinese news report. Mr. Ma is talking about retiring and teaching somewhere. He is planning his retirement. Who know when he will actually do that. He said that wants to retire earlier than Gates did at 59.

On Monday, according to this report in the NYT:
https://www.nytimes.com/2018/09/07/...odule=Well&pgtype=Homepage&section=Technology

 

[lwp2017]

Waiting for his post to vet his 3.75% withdrawal rate!

You win the Internet today !

 

[Scrapr]

can you imagine his Eddie Jones FA getting his AUM on 40b?

 

[GravitySucks]

Waiting for his post to vet his 3.75% withdrawal rate!

3.75% Unsustainable! He'll be living under a bridge in 5 years at that rate.

 

[Dash man]

Forty billion all in one stock! Too risky. Needs to diversify!

 

[W2R]

He'd better run FIRECalc!!!

Oh, I shouldn't mock the guy. I don't mean to be unkind. It just seems so amazing and impossible to have that much money when one retires. I hope he has a great retirement.

 

[Scrapr]

He'd better run FIRECalc!!!

I just ran it for him. I actually messed up putting in 40bb and put in 40mm. Because I don't deal with numbers that high. He can spend 1.5bb per year. Before taxes of course. AUM of 1%, driver, pool cleaner, cell phone plan & cable (!!!)

It's going to be close

 

[flyingaway]

Alibaba just announced Mr. Ma's one year plan to retire, i.e., he is "likely" to retire in a year.