Most people have unconsciously limited themselves. They see billionaires admire them from afar and they do not believe they can ever assume the status of that class of people.
Fair enough, becoming a billionaire is not as easy as some motivational speakers make it seem but it is a feat that can be achieved not by luck but by consciously taking steps. Yes, you can become one of the richest entrepreneurs.
It is true that there are only a handful of billionaires in the world today but this number has continued to increase. In essence, you need more than luck to break the barrier of poverty – and to inspire you, I have put together some secrets of the world’s richest entrepreneurs (billionaires).
In no particular order, check them out.
1. Bill Gates – $88.8 billion
One name that foremostly comes to mind when talking about entrepreneurial billionaires is Bill Gates, the former richest man in the world. He co-founded Microsoft along with his pal of yesteryears Paul Allen, and he has grown the company to be worth billions of dollars.
He’s been always quizzed about how he’s made so much money and his response to budding entrepreneurs has remained unchanged.
Analyze situations totally before making a decision. He further stated that the continuous exploration of decisions can interfere with motivation and execution. In summary, stick with your decisions until you begin to see tangible results.
2 Michael Bloomberg – $47.1 billion
Michael Bloomberg is an American philanthropist, businessman, author, politician, and one of the richest entrepreneurs in the world.
His business gained $4.5 billion over the previous year and when he was asked about the secret to this leap, his response was PERSISTENCE.
He was first a general partner at Salomon Brothers, a bank on Wall Street but he was fired when new management took over. However, his sack was the beginning of his wealth as he was paid $10 million in equity. He used the money and grew his media business.
3. Larry Ellison – $59.1 billion
Larry is also an American businessman who sells software under the household name Oracle Corporation, a company he co-founded and one of the richest entrepreneurs.
He is famously remembered for his quote “great achievers are driven, not so much by the pursuit of success but by the fear of failure”.
You can see from the quote that he has a mindset that drives him to achieve success. If you are afraid to fail, you’ll always find the motivation to turn things around.
4 Carlos Slim – $67.9 billion
The aforementioned Mexican business magnate was at a time the richest man in the world. He’s making waves in the telecoms industry but he’s also invested in transport, real estate, and manufacturing. So he stands out for his versatility.
Carlos Slim asked budding entrepreneurs to keep their organizational structures simple. This way, hierarchies are able to attend to queries easily and take advantage of opportunities that are available.
5 Warren Buffet – $80.5 billion
The CEO of Berkshire Hathaway, he’s also dubbed as an accomplished American business magnate owing to his worth.
The buffet is one of the many billionaires who started growing his business from the scratch. He tried many other businesses as a young man from sofas to vending machines before he dabbled into buying Berkshire Hathaway.
He’s asked all you would-be entrepreneurs to have fun – which means you have to enjoy what you do and have passions for it else that business will be headed for the rocks. He said “at 85, I tap and dance to work every day” and that’s his secret.
6. Jeff Bezos – $84.3 billion
The founder of Amazon, Jeff Bezos has remained among the five richest men in the world for a very long time, and he didn’t do this by luck. He found Amazon about 20 years ago but it is currently one of the most valuable merchandise in the world.
He’s always responded to questions about his secret saying “you must be a missionary” to become wealthy. Meaning you must love your customers and aim to build their services and products. If you want to succeed in business, go all out for the satisfaction of your customer.
7. Amancio Ortega – $78.5 billion
Amancio Ortega is a fashionista and the founder of the brand Zara. Despite his affluence, Ortega prefers a reclusive lifestyle.
He’s also reminded would-be billionaires that “Speed is everything”. This means you’d be ahead of your competitors if you executive ideas faster than they do.
8. Mark Zuckerberg – $71.7 billion
Who doesn’t know Zuckerberg? one of the youngest billionaires of our time. He’s the founder of Facebook and within 13 years, he’s amassed so much wealth that is still growing by the minute.
He’s asked budding entrepreneurs to seek to solve problems and do so with reckless passion. Solving problems is one sure way of creating wealth.
9/10. David Koch ($49.2 billion) & Charles Koch ($49.1 billion)
The aforementioned brothers are in partnership with Koch Industries, a conglomerate of businesses. It started as a family business before the growing fortunes of the company. One of their biggest flex is the fact that they like to fund the electioneering campaigns of politicians.
Sadly, they are very private but they advised diversification of businesses for those interested in creating last wealth.