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Jack Zhang and the $8 Billion Airwallex Fintech Startup

The word “burnout” isn’t in the dictionary of Jack Zhang,co-founder and CEO of ‍fintech⁢ company Airwallex.

“I never understand that terminology to be ⁤honest. I’ve worked 100 hours a week from [the] ⁣ age of⁤ 16 for 20 plus years,”​ Zhang told CNBC Make It.

For Zhang,hard work meant survival.‌ At age 15, he moved away ⁢from his⁤ hometown of Qingdao, China⁢ to Melbourne, ​Australia alone, to ‍pursue better opportunities. He barely spoke English and stayed with an⁢ Australian host family.

Shortly after arriving,he learned that his ⁤parents ⁤had found themselves in⁢ financial‌ hot​ water​ back in China,and that ‍he would have to support himself through‍ university.

“I [had] two choices: either​ I just⁤ return‍ to China and try to go back to the education system there, or ‌I continue to stay in Australia and⁣ figure out how ​to pay [for my] tuition and living [expenses] on‌ my own,” saeid Zhang.He decided to stick with the latter and took whatever work he could find to make ends meet.

To pay for his​ computer science degree at the University ⁣of Melbourne,Zhang juggled four blue-collar jobs: washing ⁢dishes⁢ at a​ restaurant during the day,bartending ⁤in the evening,working the⁣ overnight shift at⁢ a petrol station and packing lemons in a⁢ factory ⁤over ​the summer.

Some ​weeks, he says,‍ he clocked⁤ 80 to 100 hours of work on top⁢ of his coursework.

“when you’re … in that tough situation ⁣ [where] you need to survive, you’re not really ⁣ [thinking] about burnout. I mean, either‌ you survive or not, right?”​ he said.

Not⁤ much‌ has changed since then. Now in his 40s, zhang still clocks 80 hours a week “easily,” he said, at ‍his own fintech firm. As of December 2025, the company is ⁤ valued at ⁢$8 billion.

From blue collar to ‍millionaire

After graduating from⁤ university in 2007, Zhang went ⁢into the corporate world.his ⁢first job was at ⁤an insurance company‍ called Aviva, before‌ he entered the banking industry.

Simultaneously occurring, he also​ built a few side businesses, from a shipping company where he ⁣exported olive oils⁢ and red⁢ wines from Australia to parts of Asia, to a real estate development firm.

his side hustles proved​ lucrative.⁣ By ‍the time he reached⁤ his 20s, money was no longer an issue. Though, even though he had accumulated millions through⁣ his ⁢businesses⁣ and banking‍ career, ‌Zhang said he had yet to find his true passion.

Everything changed when he had h

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