The following is a compilation of people and what they did before they became billionaires or for some, mufti-billionaires. Understanding what they did allows others to examine if they too could come up with an innovative idea, get funded and make it successful financially.
What used to be impossible is now possible. If you can write very well, you can also become a billionaire. See the list below:
• Jeffrey Preston Bezos is an American technology entrepreneur, investor and philanthropist. He is the founder of Amazon and the first person with a net worth surpassing US$150 bil.
The stock price of Amazon averages US$1,639.83. Bezos owns 16% of the e-commerce colossus which he founded in a garage in Seattle in 1994.
• Warren Edward Buffett is an American business magnate, investor, speaker and philanthropist. He serves as the chairman and CEO of Berkshire Hathaway and has a net worth of US$82.9 bil.
Berkshire Hathaway trades at US$305,085 per share, the most expensive publicly traded stock of all time.
• Larry Ellison is an American businessman, entrepreneur and philanthropist. He is the co-founder, executive chairman and chief technology officer of Oracle Corporation. His net worth is US$63.9 bil.
• Mark Zuckerberg is an American technology entrepreneur and philanthropist who is well-known for his company, Facebook. His net worth is US$60.3 bil.
• Michael Rubens Bloomberg is an American businessman, politician, author and philanthropist. His estimated net worth is US$51.8 bil.
• Larry Page is an American computer scientist and Internet entrepreneur who co-founded Google. His estimated net worth is US$51.4 bil.
• Elon Musk is a technology entrepreneur and engineer. He is the founder, CEO and lead designer at SpaceX, co-founder, CEO and product architect at Tesla, co-founder and CEO at Neuralink, founder of The Boring Company and co-founder of PayPal. His net worth is US$21.6 bil.
• George Soros is a Hungarian-American investor and philanthropist. He has a net worth of US$8.3 bil.
• Oprah Winfrey is an American media executive, actress, talk show host, television producer and philanthropist, best known for her signature talk show The Oprah Winfrey Show which was the highest-rated television program of its kind. Winfrey’s net worth is US$2.5 bil.
• Sara Treleaven Blakely is an American businesswoman and founder of Spanx. She was named Time magazine’s 100 most influential people in the world. She is worth US$1.1 bil while her company is valued at US$1 bil.
• JK Rowling is a British novelist, philanthropist, film producer, television producer and screenwriter, best known for her Harry Potter book, movie and merchandise series. Her net worth is roughly US$1 bil.
Isn’t this list inspiring enough already? It ranges from internet success stories to talk show hosts to stock experts. For most of us still firmly entrenched in the corporate world, we must understand that working hard, climbing the corporate ladder and investing our hard-earned money will help us toward the goal of achieving millionaire status.
So how do we know if we are above the earnings of most people in the world? Well, if you have RM384,000 in cash, you are already within the top 10% richest citizens of the world. Not that hard to achieve, really.
This article first appeared in kopiandproperty.com
Charles Tan blogs at property investment site kopiandproperty. He dislikes property speculators and disagrees that renting is better than buying. He thinks it’s either property or poverty. He is presently the CEO of an auction house auctioning assets beyond just properties.