In the business world, billionaires are considered to be the highest achievers. Being a billionaire by global standards means that you must have over $1 billion. This is a marvellous achievement and we aspire to become as much wealthy as they are. 10 Self-Made Billionaires You Should Learn From.
Many individuals are billionaires through inheritance. They got their fortune right from their birth or born with the Golden Spoon. But few are entirely self-made. Being self-made means that you acquire your wealth from your own efforts and enterprises.
Going through the billionaires path requires a great deal of persistency, ambition, business focus, and workaholic attitude. That’s a ravenousness of clever risk taking, influencing others to believe in your dream, and helping others along the way. Thus, you’ll have some of the key traits of self-made billionaires. Although they are fearless visionaries. Many of them also started out in the journey just like you.
Let’s take a dive into the life of 10 Self-Made Billionaires You Should Learn From and how their visionary genius has inspired mind-blowing innovations achieving what very few can dream of!
1. Elon Musk:
Net Worth $44.2B (Forbes)
“Great companies are built on great products.” ― Elon Musk
Hardly, there would be any person in the business who is not aware of Elon Musk. He’s the guy behind Tesla, SpaceX, PayPal, SolarCity and many other innovative attempts making impact on a global scale.
His company PayPal.com has revolutionized the online payment industry once and for forever. His company SpaceX was the first privately-funded company to launch a rocket into the orbit. Although, bagged a $1.6 Billion investment from NASA and another $1 Billion as fund from Google and Fidelity.
Elon Musk identified is on the exact perspective that needs in order to be a successful entrepreneur. Until a startup gets on track, it is very demanding for the founders. Elon Musk decided to take this path to appreciate the true definition of struggle, hard work, dedication and the appetite for success.
He was born in Pretoria, South Africa, to a British Engineer and a Canadian Dietetics expert. Elon Musk was the oldest of the 3 children. Got his first computer at the age of 10 and wrote his first own game at the age of 12. He made his first $500 selling one of the Space Invaders kind of game.
Elon Musk is considered to be the real-life Tony Stark portrayed in the Iron Man Hollywood series. No doubt why Robert Downey Jr have approached director Jon Favreau suggesting that they should meet Elon Musk for portraying the character of Tony Stark better.
2. Bill Gates:
Net Worth $113.3B (Forbes)
“If you are born poor its not your mistake, But if you die poor its your mistake”. – Bill Gates
Bill Gates, William Henry Gates III, an American computer programmer, CEO and entrepreneur who cofounded Microsoft Corporation and one of the world’s richest man. Owns the world’s largest personal computer software company.
Bill Gates is a technologist, entrepreneur and philanthropist. He grew up in Seattle, Washington, US with a lovely and supportive family that encouraged his interest in computers at an early age. He dropped out of his college to start Microsoft with his childhood friend Paul Allen.
Bill Gates wrote his first software program when he was of 13. In high school he was helped by a group of programmers who technically computerized their school’s payroll system and founded Traf-O-Data. That was a company that sold traffic-counting systems to local governments. Later, he joined his hometown friend Paul G. Allen to develop software for the first microcomputers. They begin to work on BASIC (a popular programming language used on large computers), for use on microcomputers. With the success of this project, Gates dropout Harvard during his junior year and formed Microsoft with Allen.
3. Mark Zuckerberg:
Net Worth $80.5B (Forbes)
“The biggest risk is not taking any risk.”- Mark Zukerberg
Hardly, there is anyone being a social media user and unaware of Mark Zuckerberg. Facebook, the name that every kid is certain about. Yes, you got me right, I am talking about the founder and CEO of Facebook, Mark Zuckerberg. He is an American programmer, entrepreneur, philanthropist, and the chairman, CEO and co-founder of the social network Facebook, considered as one of the best self-made billionaires.
He was born on May 14th 1984 in U.S. With a lot of hard work and perseverance.
Self-employment attracted Zuckerberg powerfully, yet his challenge is to settle into one area to cultivate his ability sufficiently to earn a living and attain the success. Once Mark Zuckerberg found his niche, the motivation and inspiration. He supplies others with it, bring him much in return, and he finds his friends and colleagues supporting and promoting him on the road to success.
Entrepreneurial and progressive, Mark Zuckerberg is heading towards the top, and enjoying an enterprising, ambitious and determined personality to do things well and an unyielding dedication to his plan until the goals are achieved in his life.
When he faced another year of criticism for allowing fake news on Facebook, Mark Zuckerberg said his priority is tackling social issues. Also, in July 2019, the Federal Trade Commission fined Facebook $5 billion, it was the largest penalty in history, for violating consumers’ privacy.
4. Jack Ma:
Net Worth $44.2B (Forbes)
“Never give up. Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine”. – Jack Ma
Jack Ma is a Chinese business magnate, entrepreneur, investor, politician, and philanthropist. He is the co-founder and former executive chairman of Alibaba Group, a multinational technology conglomerate in China. Jack Ma is an established and firm proponent of an open and market-driven economy.
Being a prominent business leader, Jack Ma is seen as a global ambassador for Chinese business and is frequently listed as one of the world’s most powerful and self-made billionaires people. Even he serves as a role model for start-up businesses.
Jack Ma applied for 30 different jobs but got rejected by all. He once said, “I went for a job with the police; they said, ‘you’re no good'”. “I even went to KFC when it came to my city. Twenty-four people went for the job. Twenty-three were accepted. I was the only guy who got rejected.”
Ma stepped on as Chairman of Alibaba in 2019, on his 55th birthday. Much of Ma’s wealth is linked to Alibaba foundation. With an estimation of 11.7% stake, he has the largest controlling interest in the company and its subsidiaries.
Ma is an abundant investor who is not shy of financing all stages of a venture, from seed funding to establishment of company. Much of his investing has been done by Yunfeng Capital or various shell companies.
5. Jeff Bezos:
Net Worth $131.9B (Forbes)
“You have to be willing to be misunderstood if you’re going to innovate.” – Jeff Bezos
Jeffrey Preston Bezos is an American internet and aerospace entrepreneur, investor and media proprietor. He is best probably known as the founder, CEO, and president of Amazon. The first centi-billionaire on the Forbes wealth index and was announced to be one of the most richest man in the world and one of self-made billionaires.
Jeff Bezos was born in Albuquerque, Mexico City and raised in Houston, Texas. He got graduated from Princeton University in 1986 having a degree in electrical engineering and computer science. In 1992, Bezos was working for D. E. Shaw in Manhattan when he met novelist MacKenzie Tuttle, who was a researcher associate at the firm. He got married to her a year later. In 1994, the couple moved to Seattle, Washington, where Bezos founded Amazon.
Bezos worked on Wall Street in a variety of related fields from 1986 to 1994. He also founded the online retailer Amazon in late 1994 on a cross-country road trip from New York to Seattle. The company was started as an online bookstore and has since expanded to a wide variety of other e-commerce products and services, including cloud computing, video and audio streaming and artificial intelligence. It is currently the world’s largest online sales company, the largest internet company by revenue, as well as the world’s largest provider of huge variety of products and services. Also provides cloud infrastructure services through its Amazon Web Services arm.
Jeff Bezos also purchased the major American newspaper The Washington Post in 2013 for US$250 million in cash and manages many other investments through his venture capital firm, the Bezos Expeditions. He also founded the aerospace manufacturer and sub-orbital spaceflight services company Blue Origin in 2000. A test flight of Blue Origin, successfully first reached space in 2015, and the company has upcoming plans to begin commercial suborbital human spaceflight.
6. Warren Buffet:
Net Worth $90.3B (Forbes)
“Price is what you pay. Value is what you get.” – Warren Buffet
Seemingly, everyone heard of Warren Buffett—one of the world’s richest person, consistently ranking high on Forbes’ list of billionaires.
He’s mainly best known for being one of the world’s most successful investors and self-made billionaires. It’s not actually surprising that Warren Buffett’s investment strategy has reached mythical proportions. Buffet follows several important tactics and an investment philosophy that is widely followed by the businessmen around the globe.
Warren Buffett was born in Omaha in 1930. He was attracted by the business world and started investing at an early age including in the stock market.
Warren Buffett got into his career as an investment salesperson in 1950s but formed the Buffett Partnership in 1956. In less than 10 years, in 1965, he was in control of Berkshire Hathaway.
Buffett’s investing style is like the shopping style of a bargain hunter. It reflects his practical, down-to-earth attitude. Buffett maintains this attitude in all other areas of his life too. As he doesn’t live in a huge bungalow, he doesn’t collect cars and he doesn’t take a limousine to work. In 2006, Buffett announced that his plan to donate his entire fortune to charity.
7. Amancio Ortega:
Net Worth $78B (Forbes)
“I am the property of my business, not the reverse. “– Amancio Ortega
Amancio Ortega Gaona is a billionaire businessman from Spanish. Ortega is the founder and former chairman of Inditex fashion group which is best known in the world for its chain Zara clothing and accessories shops.
Amancio Ortega Gaona was born in Busongo de Arbas, Leon, Spain on the 28th of March, in 1936. He is the son of Antonia Ortega Rodriguez and Josefa Gaona Hernandez. He often spent his childhood in Leon.
Ortega left school at an early age and moved to A Coruna at age of 14. Later after a short term, he found a job as a helping hand in a shop for a local shirtmaker called Gala, which still sits on the same corner in downtown A Coruña.
He is also the second-wealthiest person in Europe after Bernard Arnault. Amancio Ortega founded Confecciones Goa in 1972, to sell quilted bathrobes. He is one of the world’s most successful investors and self-made billionaires. A few years later he opened his first Zara store along with his wife Rosalia Mera.
In 2009, Zara was a part of the Inditex group of which Ortega owned approx 59,29%. Over 6,000 stores included the brands Zara, Massimo Dutti, , Tempe, Pull and Bear, Oysho, Zara Home, Bershka and Stradivarius. .
8. Larry Ellison:
Net Worth $69.7B (Forbes)
“Great achievers are driven, not so much by the pursuit of success, but by the fear of failure.” – Larry Ellison
Larry Ellison, Lawrence Joseph Ellison is an American businessman and entrepreneur who is cofounder and chief executive officer (1977–2014) of the software company Oracle Corporation.
Ellison was born on August 17, 1944, New York City, U.S. Later he went to California and spent the next several years as a computer programmer there for various companies. In the beginning in 1973, he worked at the electronics company Ampex, where he met fellow programmer Ed Oates and was also supervised by Bob Miner.
Ellison joined Miner and Oates to form Software Development Laboratories (SDL). That was created to do contract programming for other companies. Ellison expected SDL to do more. He was inspired by a research paper written by British-born computer scientist Edgar F. Codd that outlined a relational database model. Thus, Ellison and his colleagues saw commercial potential in the approach that organized large amounts of data in the way that allowed for efficient storage and quick retrieval.
Ellison, Miner and Oates set to work for developing and marketing a program based on Cods data-management theory. They even received a contract from the Central Intelligence Agency to develop a database. Therefore, they began working on a commercial relational database program. In 1979 the company (later called Relational Software) released Oracle, the earliest commercial relational database program to use Structured Query Language (SQL). The versatile database program quickly became popular.
9. Michael Bloomberg:
Net Worth $64.2B (Forbes)
“Don’t be afraid to assert yourself, have confidence in your abilities and don’t let the bastards get you down.” – Micheal Bloomberg
Presidential candidate Michael Bloomberg is a billionaire businessman and also a former three-term mayor of New York City of America.
Michael Bloomberg was born in 1942, in Boston, Massachusetts, America. He, being the son of a bookkeeper, Bloomberg put himself through Johns Hopkins University and Harvard University. There he earned a Master of Business Administration degree in 1966. He did his first Wall Street job was with Salomon Brothers, where he quickly climbed the ladder to success, becoming partner in 1972. Now he is one of the world’s most successful investors and self-made billionaires.
Michael started his own company which revolutionized the distribution of financial information then. And that made him a billionaire. Michael Bloomberg became mayor of New York City in 2002. Later he won election to a second and a controversial third term sequentially. Thereafter, Michal Bloomberg, the businessman and philanthropist devoted himself to combating the effects of climate change. Later seek the Democratic nomination for president in 2020.
10. Sheldon Adelson:
Net Worth $40.1B (Forbes)
“It’s unfair that I’ve been treated unfairly—but it doesn’t stop me.” – Sheldon Adelson
Sheldon Adelson is the founder, CEO, chairman and chief executive officer of Las Vegas Sands. He is American business magnate, investor, philanthropist, and political donor. He has the Corporation, which owns the Marina Bay Sands in Singapore and the parent company of Venetian Macao Limited. That operates The Venetian Resort Hotel Casino and the Sands Expo and Convention Center in US. He owns the Israeli daily newspaper Israel Hayom, Makor Rishon and the American daily newspaper Las Vegas Review-Journal.
Sheldon Adelson, a philanthropist and donor to a variety of causes, created the Adelson Foundation in 2007 at the behest of his wife, Miriam. He is also a member of the Republican Party and made the largest single donation to any U.S. presidential inauguration. He gave the Trump inaugural committee US$5 million.
He got into his business career at the age of 12 when he borrowed $200 from his uncle. Then he purchased a license to sell newspapers in Boston. When he was of 16 in 1948, he then borrowed $10,000 from his uncle to start a candy-vending-machine business. He got into the City College of New York, but did not graduate. He attended trade school in a failed attempt to become a court reporter. But then subsequently joined the army. Then he again entered into entrepreneurship. But never gave up and continued efforts and became one of the world’s most successful investors and self-made billionaires .
They always do what they are passionate about.
“Do not do things because someone else succeeded while doing them, just create your own path. It’s far more fun.” – Karim Abouelnaga
Every successful person is passionate about his particular niche, field or talent. They don’t do it simply because for the money. Rather they do it because of the love they own for it, and the pleasure it provides them. They make sure that their daily habits are centred on activities that will bring out the best out of rest. That will drive them further towards success, in the process. The thing matters is bouncing back easily from setbacks and can overcome any adversities or obstacles thrown in their way.
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