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10 Self-Made Billionaires In The World That You Should Learn From

10 Self-Made Billionaires In The World That You Should Learn From

In Bloomberg’s top 200 billionaires, over half are self made; 137 to be exact. Together, those 137 are worth about $2 trillion. And the percentage of self-made billionaires is growing from year to year at an amazing rate – proof that it is possible to achieve this dream.  In the last 19 years, billionaire wealth growth was strongly driven by entrepreneurial wealth creation, according to a 2015 study by PWC.

Going down the billionaire path requires a great deal of perseverance, ambition, business focus, and work ethic. Match that with an appetite of clever risk taking, influencing others to believe in your dream, and massively helping others along the way and you’ll have several of the key traits of self made billionaires. Although they are fearless visionaries, many of them also started out in the world just like you.

Here are 10 extremely valuable and insightful things you can learn from these self-made billionaires to inspire you and launch your entrepreneur journey:

1. Learn to hustle early in life: Elon Musk (Founder of SpaceX, Tesla Motors and Contributor to Paypal)

Networth 13 Billion USD (Forbes)

“The first step is to establish that something is possible; then probability will occur.”

self made billionaire elon musk

    Elon Musk is a South African born Canadian – American billionaire technology mogul who started hustling at 12 years old. He started his entrepreneurial journey teaching himself to code and selling a video game he made for $500. When he first arrived in Canada, he held a series of odd jobs including tending vegetables, shoveling out grain bins, and cleaning out gunk from a boiler room in a lumber mill.

    When he was in university, Elon sold computer parts and computers to make extra cash. And to help pay rent, he and his friend turned their 10 bedroom fraternity home into a nightclub on the weekends and charged cover. Since then, he’s built several companies, including SpaceX, Tesla Motors, PayPal, and zip2.

    His philosophy: “If something is important enough, even if the odds are stacked against you, you should still do it.” – Elon Musk.

    2. Learn to give to those who truly need it: Sara Blakely (Founder of Spanx)

    Networth $1.03 Billion (Forbes)

    “It’s important to be willing to make mistakes. The worst thing that can happen is you become more memorable.” – Sara Blakeley

    self-made billionaire sara blakely

      Sara Blakely is an American intimate apparel billionaire and a philanthropist who has committed to donating most of her wealth away. She started her billionaire journey when she was 27 years old, out of her Atlanta apartment and revolutionized the way women look in their clothes. In 2006, she started the Sara Blakely foundation dedicated to helping women through education and entrepreneurship. In 2013, she became the first female billionaire to join the ‘Giving Pledge’, a commitment to donate the majority of her wealth to help others who truly need it. To date, there has been more than 100 billionaires that have made this pledge.

      3. Learn to grow your investments: Warren Buffett (CEO of Berkeshire Hathaway)

      Networth $60.8 Billion (Forbes)

      “Price is what you pay. Value is what you get.” – Warren Buffet

      Self-made billionaire warren buffet

        Warren Buffett is an American investment wizard and businessman. He started investing in stocks at 11 years old and real estate investing at 14 years old. Before he graduated from high school, he had a few businesses under his built, including a pin ball machine business that he later sold for a handsome profit. He made his first million at the age of 30 and already had about 20 years of business experience under his belt. He grew Berkeshire Hathaway into one of the most valuable companies in the world based on his ‘invest what you know’ mentality and strategically investing in undervalued businesses for the long term in many industries.

        His philosophy is: “Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.” – Warren Buffet

        4. Learn to be comfortable with the uncomfortable: Guy Laliberté (Co-founder and Former CEO of Cirque du Soleil)

        Networth: $2.1 Billion (Forbes)

        “I don’t believe in pitfalls. I believe in taking risks and not doing the same thing twice.” – Guy Laliberté

        Self-made billionaire Guy LaliberteÌ

          Guy Laliberté is a Canadian entrepreneur, co-founder of Cirque du Soleil and a professional poker player. He is used to being uncomfortable – he started his billionaire dollar journey as a street performer playing the accordion, walking on stilts and eating fire. In 1987, he co-founded a circus troupe in Montreal and took a big risk moving it to Los Angeles to make it big. The move paid off and his troupe became the famous Cirque du Soleil. In 2009, he became the first Canadian space tourist and his spaceflight was dedicated to raising awareness on water issues making it the first, in his words, ‘poetic social mission’ in space.

          5. Learn that circumstances don’t matter: Oprah Winfrey (CEO of Oprah Winfrey Network)

          Networth: 3 Billion (Forbes)

          “You become what you believe. You are where you are today in your life based on everything you have believed.” – Oprah Winfrey

          Self-made billionaire Oprah Winfrey

            Oprah Winfrey rose from a life of poverty and hardship into one of the most influential and powerful women in the world. She is an American media mogul, producer, talk show host, author and philanthropist. She grew up wearing potato sack dresses when she was living with her grandmother. By the time she was fourteen, she suffered physical abuse, molestation, and the death of her first new born. A few years later, she won a beauty pageant, got her degree in speech and performing arts, became an ABC news anchor – and the rest is history. Her cable network, the Oprah Winfrey Network, is worth billions of dollars.

            6. Learn the real value of money: Mark Cuban (Owner of the Dallas Mavericks, Landmark Theatres, Magnolia Pictures and Chairman of AXS TV)

            Networth: 3 Billion (Forbes)

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            “Sweat equity is the most valuable equity there is. Know your business and industry better than anyone else in the world. Love what you do or don’t do it.” – Mark Cuban

            Self-made billionaire Mark Cuban

              Mark Cuban is an American business guru and investor who understood the true power of money at an early age. Before his billionaire days, he learned to stretch his dollar by living of ketchup and mustard sandwiches, couch surfing, and living on the cheap. In university, he made extra cash teaching dance lessons and hosting disco parties. He lived well below his means so that he could deploy his money on business opportunities. He lived on the cheap for a long time in order to build and grow his businesses and investments into a multi-billion-dollar empire.

              In his book, How to Win at the Sport of Business, Cuban wrote:

              “It doesn’t matter how you live. It doesn’t matter what car you drive. It doesn’t matter what kind of clothes you wear. The more you stress over bills, the more difficult it is to focus on your goals. The cheaper you can live, the greater your options.”  – Mark Cuban

              7. Learn to be mentally tough: Jack Ma (Founder of China YellowPages and Alibaba)

              Networth: 22.2 Billion (Forbes)

              “Never give up. Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine.” – Jack Ma

              Self-made billionaire Jack Ma

                Jack Ma is a Chinese internet entrepreneur and billionaire. His amazing mental toughness and resilience got him through many failed school exams including university entrance exams, twice. After graduating, he went on to dozens of rejections from jobs including a managerial position at KFC. Before he became rich and famous, he was kidnapped on a business trip to Los Angeles, threatened with a gun, and held captive in Las Vegas with no money before managing to escape. His mental toughness, resilience, extreme determination and passion to achieve his goals eventually paid off and he went on building a mega billion dollar internet empire.

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                His philosophy: “If you never tried, how do you know there’s no chance?” – Jack Ma

                8. Learn to solve complex problems by turning them into something simple and beautiful: Elizabeth Holmes (Founder-CEO, Theranos)

                Networth 3.6 Billion (Forbes)

                “What I really want out of life is to discover something new, something that mankind didn’t know was possible to do.” – Elizabeth Holmes (at nine years old)

                Self-made billionaire Elizabeth Holmes

                  Elizabeth Holmes is an American entrepreneur who has dedicated one third of her life to her biotech blood testing company – Theranos. She is also the youngest female self-made billionaire. When she was 19 years old, she dropped out of chemical engineering to start her company because she was afraid of needles and wanted to revolutionize the blood testing industry. After starting out in the basement of her college house, she filed her first patent and worked in secrecy many years. Her company has now disrupted the laboratory industry, performing nearly 10 billion tests a year, and overturned the requirement for needles.

                  9. Learn the power of curiosity: Zhou Qunfei (Founder of Lens Technology)

                  Networth: 5.4 Billion (Forbes)

                  “The secret of my success was the desire to learn” – Zhou Qunfei

                  Self- made billionaire zhou qunfei

                    Zhou Qunfei is a self made female billionaire from China who built her glass lens company from the ground up. Her company supplies touchscreen glass to a quarter of all smartphones in the world. When she was 16, due to financial hardship and a need to support her blind father, she dropped out of school to work as an operator in a watch glass company. She learned the ropes of the glass making business before launching her own company in 1993. She self-taught herself at night, relying on books to create different technologies. In 2015, her company went public and made her an overnight billionaire.

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                    “Only through determination can you succeed, you can’t give up just because of a little setback.” – Zhou Qunfei

                    10. Learn to share your knowledge

                    Here are 5 more self made billionaires that have written books to share their wisdom to grow your entrepreneur path and teach you how to build it the easier way.

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                    Tracy Ma

                    Investor, Project Management Consultant, Entrepreneur

                    10 Self-Made Billionaires In The World That You Should Learn From

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                    Last Updated on November 4, 2020

                    15 Simple Ways To Make Self Improvement That Will Change Your Life

                    15 Simple Ways To Make Self Improvement That Will Change Your Life

                    Self-improvement doesn’t have to be big mind-blowing changes; it can actually be simple steps to improve upon what you already have to get you where you want to be.  However, what you will need is consistency, determination and wiliness to try some things that will stretch and challenge you.

                    Rather than setting your sights way off into the future, which leaves you feeling like you’ll never make it, you can start following these simple and effective self-improvement steps today.  So if you want to make an immediate impact on your life and are willing to take action, then keep reading— you’ll going to love these!

                    1. Be willing to work hard.

                    As with anything in life, if you want something, you’ve got to work hard to get it.  This doesn’t mean you burn the candle at both ends, leaving you exhausted and leaving your personal life in ruins.  It merely means that when you want something badly enough, you’ll put in the time to get there.  Action is what’s important here and the more ‘inspired’ the action is, the better the results in the end.

                    2. Make sure you have friends who you can talk to.

                    Sharing the load is important as with any self-improvement. If you can communicate with others and get feedback on how you are doing then that’s great.  We all need ‘cheerleaders’ in our corner to keep us going when times get hard, but you also need to have people who will tell you how it is even when you don’t want to hear it.  So make sure you have a good support network around you, especially those people whose opinions you respect.

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                    3. Adapt to your circumstances rather than over-thinking them.

                    Sometimes, we can hit a hard period. Perhaps you’ve lost your job or your partner has left you.  Instead of over analyzing the situation, learn to adapt to your circumstances and accept them as they are.  It’s not about making your circumstances into some kind of a drama; remember, what you focus on expands which means you’ll get more of it.  You then don’t become your problems and you’ll feel a lot less burdened by them.

                    4. Ensure that you use your time wisely.

                    Time is of the essence, some might say; whilst others will say that time is an illusion.  One thing we do know is that you have one life on this planet, so how you use that time is of the utmost importance.  So how can you use your time wisely? Only you know how to do that, but look at how you currently spend your days: do you sit working all day, get home, eat and then sit slumped in front of the TV for the rest of the evening?  Your time on this earth is precious, so isn’t it time to make use of the time you have left? Try something new, go for a walk, learn a new language or meditate but make sure it’s something you absolutely love.

                    5. Always be consistent.

                    A wonderful way to self-improvement is to make changes to how you do things.  For example, with your friends, are you always the unreliable one who bows out of an arrangement just before it happens? Or are you someone who starts a new exercise routine and then stops doing it 3 weeks into it?  Whatever it is and whatever you do, always be consistent. When you make a commitment, stick to it. It will improve your life immeasurably you’ll feel more confident and happier with yourself, especially because you’ll know that whatever you tackle, you’ll be able to consistently do it!

                    6. Go and find your happy place.

                    No, I’m not saying “place” as in popping to your local bar or restaurant and gorging yourself on your favorite drinks or food. What I’m saying is to find out what you love to do, what makes you happy and go there.  Your happy place is a place where you find peace, where you lose yourself and feel contented.  Meditation is a great way to find your happy place; it brings you back to you and ensures that you are always living in the present moment.

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                    7. Make sure you embrace all your emotions.

                    In life you are going to find that it throws you some difficult challenges, sometimes it will bring out your fears and lead you into uncertainty, and other times it will be joyful.  It’s important to embrace all emotions that come up in your life, embrace them wholeheartedly and understand why they are there and then let them go.  Try not to dismiss or resist them because remember “what you resist, persists,” so embrace them each and every time.

                    8. Always be prepared to step out of your comfort zone.

                    The idea of stepping out of your comfort zone for some people can leave you paralyzed with fear; however for any changing in your life, your comfort zone will always have to be stepped out of.  It doesn’t have to be something big, like doing a sky-dive or something just as crazy. However, it’s worthwhile to change something that you’d once have feared, like going to the cinema on your own or eating at a sushi restaurant when the thought of trying raw fish which would normally mean you running for the hills.

                    So try something new—it doesn’t have to be wacky, but it has to challenge you!

                    9. Be on hand to help others.

                    Whether it’s helping a stranger on the street or a family member or a friend helping someone else either in their time of need, lending a helping hand is a wonderful and simple self-improvement to make.  Giving to others is not only beneficial to those you are helping but also to yourself; it can give you a sense of purpose, of contribution and also takes your mind of your own troubles and worries.

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                    10. Live in the present moment.

                    A wonderful self-improvement tool is to live in the present moment, to live in the now.  It is within this moment that you’ll appreciate all that you have and see the beauty in the simplest of things.  Being mindful of your current circumstances and bringing your mind back to where it belongs will bring about a happier way of life instead of constant worry or stressing about the past or future—both of which do not exist. Only the present moment exists. When you get used to living that way, you’ll never want to go back!

                    11. Learn something new.

                    There is nothing so liberating as learning something new; it can lift both your confidence and self-esteem and give you a great reason to meet new people.  If you continually top up your brain activity by learning something new all the time, you’ll feel on top of your game and want to share the knowledge you have learned. There is nothing quite so empowering as learning a new tool in life that can either improve your circle of friends or raise confidence levels—or both!

                    Reading is also a great way to help you learn something new:

                    12. Exercise daily.

                    This seems an obvious one, but exercise is so important not only to your health but also to your spirit.  We all know that after exercise, the world can feel a brighter and more positive place, so why don’t we do it more often?  Exercise isn’t about getting the perfect body or losing weight; it’s more about feeling good inside and out!  With a healthy body comes a healthy mind—so start something today. Even if it’s just a daily walk, it’s better than staying on that couch, again.

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                    13. Go to new places, travel a bit.

                    I’m not saying go fly off to some far away distant forgotten land—although you can if you so wish. It’s more about going to new places and experiencing life outside of your own back yard.  Too many of us stay in one place too often. We only see the same people, the same streets and do the same things each and every day.  If you want to improve your life, get out there and see the world and what it can offer.  You can start by going to a town or city you’ve never been to in your own country and checking out the architecture, the landscapes and the people.  Anything new is good, so get out there!

                    14. Listen to uplifting music and dance.

                    If there’s one thing that can really improve your life and get you excited about it, it’s listening to great uplifting music and dancing.  When was the last time you really let go?  Let it all hang loose and got into a piece of music and let yourself go?  Dancing, like exercise, makes you feel great. It releases all kinds of emotions and can make you feel unbelievably good.  Self-improvement isn’t all about the serious stuff; it can be something as simple as finding new music, music that inspires you and makes you dance and have fun!

                    15. Get up earlier than normal.

                    This is the last one, and it’s last because it’s one of those self-improvement tips that we all know is a good thing, yet we seem to avoid it at all costs!  If you think about it, the earliest part of the day is when your brain is most active because it’s been turned off for the last 7 hours or so.  So don’t you think it’s best to get all those things above done in the morning?  Things like exercise, meditation and dancing, which can all be done in the first part of the day.  Take it from me: this early morning stuff can really get your day started with a bang!

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                    Featured photo credit: Laura Chouette via unsplash.com

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