Worth $13.3 billion! Tsai Chung-shin, who announced her divorce, is not inferior to Ma Yun's credit

Source: A Series of Financial Stories

Ma Yun's most trusted man, Ali Chairman Cai Chongxin, suddenly announced his divorce, which sparked quite a bit of controversy.

However, compared to the divorce itself, people seem to be more concerned about Tsai Chung-shin's assets and whereabouts. As one of the founders and shareholders of Ali, Cai Chongxin is worth a lot of money. According to Forbes real-time richest list data,

As of August 1, Cai Chongxin's personal net worth is about 13.3 billion US dollars, close to 90 billion yuan. He is one of the richest people in the world.

Some people may think that Tsai Chong-xin has too much wealth, but in fact, in Ali, his credit is not inferior to Ma Yun. Without Cai Chongxin, Ali is likely to face the three outcomes of division, loss of control, and bankruptcy; it is impossible to achieve today's results. Let's take a look at how much credit Tsai Chung-shin really owes?

Rumor has it online that Choi Chung-shin's job number in Ali is 19, not one of the 18 Arhats. This is a misinterpretation. Before Cai Chongxin joined, Ali did have 18 employees, but one joined for a short time and then left. Therefore, Cai Chongxin is definitely one of the 18 founders of Ali. This position has been recognized by Ali.

The first thing Cai Chongxin did when he came to Ali was to clarify the sharesWhen Ali was founded, it was a caotai team. Everyone got together to start a business based on their trust in Ma Yun. These are all Ma Yun's acquaintances, including his wife, former business partners, students, etc.

Therefore, in the beginning, there were no legal equity agreements; they were all oral agreements. The company has just been set up and hasn't made any money yet. Everyone relies on their enthusiasm, regardless of gains or losses. However, once the company grows big and makes money, if there is no clear equity agreement, it is easy to cause internal strife and eventually split due to disputes over interests. Examples of this abound.

Cai Chongxin, who graduated as a doctorate in law and also worked for major international companies, knows this very well. Therefore, after he joined Ali, he immediately drafted an agreement to clarify everyone's shareholding ratio, rights and exit rules.

According to information, Ma Yun's shares were over 50% at the time, making him the absolute largest shareholder. About 10% of Cai Chongxin's shares are the second largest shareholder. Another 16 people hold the remaining shares.

Therefore, this is Cai Chongxin's biggest credit. It regulated the company's shareholding structure from the beginning, preventing the late founders from scrambling for power and profit and ending up breaking up.

The next step is to save AliThe initial capital of 500,000 yuan collected by Ma Yun's team was quickly spent, but they were unable to finance it. It is said that Ma Yun's 37 rounds of financing failed.

Actually, it's also normal. Ma Yun's group of people were all considered grassroots at the time. They had no fame, no resources from the investment banking community, and no resources from top alumni. Apart from Cai Chongxin, the other 17 people basically graduated from local universities in Zhejiang, such as Hangzhou Normal University, Zhejiang University of Technology, Zhejiang Gongshang University, etc.

What to do? If I can't find any more money, Ali, which was just founded, will die in the womb. Therefore, Cai Chongxin came out and relied on his personal connections to attract the first investment of 5 million US dollars, which allowed Ali to survive.

After getting the money, Ma Yun led Ali to expand in a big way and open branches in Hong Kong, South Korea, the United States, etc. But I didn't expect the Internet bubble to hit in 2000, and a large number of companies went out of business. Ali was no exception. The money burned out so fast that it almost couldn't hold up.

Also, Cai Chongxin ran for the job, hired SoftBank's Sun Zhengyi, and invested 20 million US dollars to help Ali survive the hardest winter of the internet.

Therefore, when Ali was founded, several life and death crises were saved by Cai Chongxin, which can be said to have contributed greatly.Without Cai Chongxin, Ali probably would have fallen a long time ago.

In addition to this, Cai Chongxin also maintained control over the founding team. Back then, Sun Zhengyi wanted to invest 40 million US dollars in Ali in exchange for 49% of the shares. Ma Yun was very excited. After all, Ali was still very small at the time. 49% of the shares could be sold for 40 million US dollars, which was very worth it.

However, Cai Chongxin stopped it because if SoftBank took 49% of the shares, then the founding team would lose its position as the largest shareholder and would lose control. So, in the end, it was only 20 million US dollars, and 30% of the shares were given.

Cai Chongxin actually saved Ali from water and fire several times, and still maintained control. Is this credit less than Ma Yun's?

Not only in the early stages, but during Ali's development and growth, Cai Chongxin also attracted a lot of investment, such as Yahoo's 1 billion US dollars, and later brought back more than 7 billion US dollars to buy back 40% of Yahoo's shares.

In addition to the 2014 listing, it participated in the design of the Alibaba partner system, which allowed the founding team to permanently control the company through extremely low equity, which was another great achievement.

This is like the founding team of the Han dynasty. Liu Bang was the commander and was responsible for directing the war at the front, while Xiao He was responsible for food and vegetables in the rear to ensure the normal operation of the army. Therefore, after the establishment of the Han dynasty, Liu Bang said that Hsiao He was the first leader and became the first prime minister.

Ma Yun and Cai Chongxin are extremely complementary partners. It can be said that the two are unmistakable in their credit to Ali. Cai Chongxin has today's wealth, and he also deserves it.

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