Top 10 self-made billionaires and their success story
Billionair Index – The present number of 2604 billionaires in the world can be classified into two broad categories; those who inherited their wealth and those who are self-made. 55.8% of the total billionaires have reportedly created their own fortunes and have a gross wealth of around $5 trillion. From the richest man in the […]
Billionair Index – The present number of 2604 billionaires in the world can be classified into two broad categories; those who inherited their wealth and those who are self-made. 55.8% of the total billionaires have reportedly created their own fortunes and have a gross wealth of around $5 trillion.
From the richest man in the world, Amazon founder Jeff Bezos to Google co-founders Larry Page and Sergey Brin, most of the current billionaire in the world are self-made. The latest addition to the list is Kylie Jenner, who has become the world’s youngest self-made billionaire.
The mid-30’s seems to be the prime time for the self-made billionaires as a latest report points out that the average age in which they made their first million is 36. The average time that these individuals took to earn their first million after launching their ventures is 8 years.
Jeff Bezos has his personal fortune estimated at just over $117 billion and he became a millionaire in his early 30s, just three years after launching Amazon. Microsoft founder Bill Gates, whose current wealth stands at $96.5 billion, took double that time, 6 years, to earn his first million.
The third position is held by business magnate Warren Buffett with a net worth of over $82 billion and he took five years to become a millionaire. Mark Zuckerberg, the founder of Facebook and also one of the youngest billionaires, comes next with a net worth of $74.3 billion.
Amancio Ortega, The founder and chairman of the fashion brand Zara comes next with a net worth of $68.1 billion. Ortega once worked in a shirt store and started making clothes with Rosalia Mera, his ex-wife.
Larry Ellison, the co-founder of Oracle corporation occupies the sixth spot with a net worth estimated at $54 billion. Ellison was a college-dropout and also worked with the CIA in his early years. Michael Bloomberg who started his career with entry-level work on Wall Street firms and launched Bloomberg from a one-roomed office, has a current worth of $49 billion.
In the next spot stands Sheldon Adelson, CEO of Las Vegas Sands Corporation, who has a net worth of $35 billion. He started a newspaper corner at the age of 12 after taking a $200 from his uncle. Jack Ma, the founder of online marketplace Alibaba, started as an English teacher with a salary of $12 a month after failing to secure a job in a multitude of places. Today he is worth $32 billion and comes ninth in the list.
The last place in this list of top ten self-made billionaires goes to Elon Musk, the flamboyant CEO of SpaceX, with a net worth of $24 billion. Musk overcame various adversities in his childhood and was often beaten up by bullies. He learnt programming on his own and developed a game at the age of 12 which he sold for $500. He co-founded PayPal and launched Tesla, the electric car company.
While many in the list are visionaries, some common traits they share are clever risk taking abilities, the capability to influence others and out-of-the-box thinking patterns in their search for simple solutions. Apart from that, their dedication to a specific objective and the right amount of support that they obtained from other people and from the use of technology, also made the difference.