HOW THESE PEOPLE BECAME RICH??
1. ELON MUSK
He is the prime example of never giving up no matter what the hell is going on. His companies many a time came very close to bankruptcy but he never gave up. Tesla even after the launch of the Model 3 came to be bankrupt but he held on and never let go.
Even SpaceX was struggling a bit when the first few launches didn’t go as planned. They had the funds renaming for one more launch but odds were not in his favor but still, the 4th launch went perfectly and today SpaceX is the highest-valued private space firm, taking care of NASA in launching astronauts from the US.
He initially made his money in zip2.com and then x.com. Later he invested his full wealth into his next venture SpaceX. Then in he jumped onto Tesla and invested heavily and became the board member and then the CEO of the company. And from the rising share prices of Tesla, he has been ranked as the richest in the world in 2021. He accumulated $160 billion alone in 2020. Today whatever Musk has become such an icon whatever he says world goes behind chasing it.
Contrary to popular belief Elon didn’t start Tesla but after the start of the company became a key member after investing in the company then became the CEO.
2. BILL GATES
It is no secret Bill is the champs of all champs when it comes to wealth generation and wealth preservation. He made most of his initial wealth in Microsoft. During its peak, he held nearly 49% of the shares, but as of today, he has less than a percent of the company but is still the largest individual owner of the company. Most of the shares went into his foundation “Bill & Melinda Gates Foundation” for charitable works.
Over the years Bill realized it is not good to keep all your eggs in one basket so he also sold his Microsoft shares to buy other good companies. His portfolio includes stakes in Canadian Railways, Waste Management, Berkshire Hathaway among others.
Microsoft once held the monopoly of the industry which led to the spread of negativity around Bill Gates. During all this, he resigned from the CEO position and started philanthropy. Many believed he did this just to clean his image but if it was true it wouldn’t have lasted so long.
As a matter of he once invested more than $100 million in Apple which saved it from bankruptcy.
No matter what the world says about him but Steve Jobs and Bill Gates were the two who made personal computers a household name and literally changed the world forever.
3. WARREN BUFFET
Warren Buffet is regarded as the greatest investor of all time. He has managed to do the things that we all dream of doing. He is the true king of the stock market. His own company has been able to deliver more the 3,000,000% of growth from the start in 1955. If you were able to invest a single dollar in the company, you would be a millionaire no matter what.
Also from a decision standpoint of view, his investments in different companies have returned tremendous growth and profits. His portfolio includes Coca-Cola, Apple, Microsoft among other companies.
His mantra of achieving wealth is very simple but at the same time very hard because it involves the factor of time. What he does is that he simply finds the companies have a good business model, a good team and that has a commanding presence in the market. He simply invests in that company and maintains his position on that for eternity.
Basically, he uses the power of compounding.
Einstein had himself said “Compounding is the 8th wonder of the world. He who understands it earns it and he who doesn’t, pay it.”
4. MUKESH AMBANI
Mukesh Ambani is the richest person in Asia. He is the CEO of Reliance Industries and has his hands in every major field where there is high demand. The company was founded by his father Dhirubhai Ambani and later split between his sons after his death.
Mukesh Ambani has been able to do such things that are no one has been able to pull through and they are regarded as revolutions of our times. He brought “Jio” for the Indian market with unbelievably slashed rates to rival the equivalent companies. The rates not only removed the monopoly but also resulted in humungous record-setting losses for the rivals. This telecommunication revolution has been praised by the world and as a result, the 4G rates were brought down from one of the highest in the world to the lowest in the world and India became the number data consumer globally.
All this hard work needs to pay off and such a revolutionary person needs something special that’s why he has built the most expensive home in the world valued at $1 billion.
5. MARK ZUCKERBERG
Last but not least we have Mark Zuckerberg. The infamous founder of the largest social networking site in the world at one time. Facebook works like Google, if you can’t beat it buy it. Hence, FB owns Instagram, Whatsapp among other things.
He literally started Facebook from his dorm room because if his skills transformed it into the conglomerate that it is today. He believed in the longevity of the company as a result invited a few of his friends in his college dorm room to make them shareholders of the company, those who took the offer are now billionaires.
Most of his wealth came from the rising share prices of FB and from other ventures. He doesn’t have a diversified portfolio but till now it is working for him and hope that it lasts forever because he is literally running the world with social media.
He seems like any other regular guy with his personality, his choices. He chose to wear simple unbranded clothes every day. At the height of his success, he was the youngest billionaire in the world at age 23.