What does it take to become a billionaire? Are rich billionaires rags to riches stories or did they inherit their wealth? Are there any similarities in the way people get rich so you can detect a pattern and copy it to get rich?
Do you want to be a rich billionaire or a multi millionaire?- A US dollar billionaire and not the Zimbabwe dollar kind.
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You wouldn’t be the only person in the world to be wishing this. Billionaires (the dollar billionaires) are seen to be possessing everything one can dream of.
What does it take to become a rich billionaire? Do they have special skills or characteristics, which others lack? Are there any rags to riches stories there or did they inherit their wealth? Are there any similarities in the way people get rich so that a pattern could be detected and then replicated by others?
Did these rich billionaires attend the elite Ivy League universities or were they school dropouts? Let us investigate the lives of the richest billionaires today.
Billionaires Born in Wealthy Families
Warren Buffet as the world’s richest man carries on his father’s trade of stockbroker. He got a masters degree from Columbia Business School and took a Dale Carnegie course in Public Speaking.
Carlos Slim Helu at No.2 is the son of wealthy Lebanese immigrants in Mexico. His father gave all the five siblings a bank savings book, so that they could deposit their usual weekly allowances. Their father regularly supervised their savings books, analyzing their expenses, purchases, and activities. Parental guidance taught Carlos about savings and investing.
Formerly No.1 for thirteen consecutive years, No.3 on the 2008 list is Bill Gates, a dropout from Harvard University. He comes from a wealthy and influential family, which supported him to start his venture with friends that eventually became Microsoft. Both his parents were very influential and helped him significantly in his career.
At No.7 of the Forbes list is the Swede Ingvar Kamprad of IKEA fame. He is the first in the list with a father or mother who wasn’t wealthy. He started his business by selling matches from his bicycle to neighbours near the farm in Sweden where he was born. Despite having a fortune of 31 billion US $ Kamprad still lives frugally and visits IKEA stores for the cheap meals (they are very good, cheap, and tasty). He learnt to cope with dyslexia, been exposed as a member in a pro-Nazi organization in the 1940s and alcoholism early in his career.