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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 July 16, 2019

                    7 Ways to Get Rid of Negative Energy and Become Positive

                    7 Ways to Get Rid of Negative Energy and Become Positive

                    Negativity affects ourselves and everyone around us. It limits our potential to become something great and live a fulfilling, purposeful life. Negativity has a tangible effect on our health, too. Research has shown that people who cultivate negative energy experience more stress, more sickness, and less opportunity over the course of their lives than those who choose to live positively.

                    When we make a decision to become positive, and follow that decision up with action, we will begin to encounter situations and people that are also positive. The negative energy gets edged out by all positive experiences. It’s a snowball effect.

                    Although negative and positive thoughts will always exist, the key to becoming positive is to limit the amount of negativity that we experience by filling ourselves up with more positivity.

                    Here are some ways to get rid of negativity and become more positive.

                    1. Become Grateful for Everything

                    When life is all about us, it’s easy to believe that we deserve what we have. An attitude of entitlement puts us at the center of the universe and sets up the unrealistic expectation that others should cater to us, our needs, and our wants. This vain state of existence is a surefire way to set yourself up for an unfulfilled life of negativity.

                    People living in this sort of entitlement are “energy suckers”–they are always searching for what they can get out of a situation. People that don’t appreciate the nuances of their lives live in a constant state of lacking. And it’s really difficult to live a positive life this way.

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                    When we begin to be grateful and appreciate everything in our lives–from the small struggles that make us better, to the car that gets us from A to B every day–we shift our attitude from one of selfishness, to one of appreciation. This appreciation gets noticed by others, and a positive harmony begins to form in our relationships.

                    We begin to receive more of that which we are grateful for, because we’ve opened ourselves up to the idea of receiving, instead of taking. This will make your life more fulfilling, and more positive.

                    2. Laugh More, Especially at Yourself

                    Life gets busy, our schedules fill up, we get into relationships, and work can feel task oriented and routine-driven at times. Being human can feel more like being a robot. But having this work-driven, serious attitude often results in negative and performance oriented thinking.

                    Becoming positive means taking life less seriously and letting yourself off the hook. This is the only life that you get to live, why not lighten up your mood?

                    Laughter helps us become positive by lightening our mood and reminding us not to take life so seriously. Are you sensitive to light sarcasm? Do you have trouble laughing at jokes? Usually, people who are stressed out and overly serious get most offended by sarcasm because their life is all work and no play.

                    If we can learn to laugh at ourselves and our mistakes, life will become more of an experiment in finding out what makes us happy. And finding happiness means finding positivity.

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                    3. Help Others

                    Negativity goes hand in hand with selfishness. People that live only for themselves have no higher purpose in their lives. If the whole point of this world is only to take care of yourself and no one else, the road to a long-term fulfillment and purpose is going to be a long one.

                    Positivity accompanies purpose. The most basic way to create purpose and positivity in your life is to begin doing things for others. Start small; open the door for the person in front of you at Starbucks or ask someone how their day was before telling them about yours.

                    Helping others will give you an intangible sense of value that will translate into positivity. And people might just appreciate you in the process.

                    4. Change Your Thinking

                    We can either be our best coach or our best enemy. Change starts from within. If you want to become more positive, change the wording of your thoughts. We are the hardest on ourselves, and a stream of negative self talk is corrosive to a positive life.

                    The next time you have a negative thought, write it down and rephrase it with a positive spin. For example, change a thought like, “I can’t believe I did so horribly on the test–I suck.” to “I didn’t do as well as I hoped to on this test. But I know I’m capable and I’ll do better next time.”

                    Changing our self-talk is powerful.

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                    5. Surround Yourself with Positive People

                    We become most like the people that we surround ourselves with. If our friend group is full of negative energy-suckers and drama queens, we will emulate that behavior and become like them. It is very difficult to become more positive when the people around us don’t support or demonstrate positive behavior.

                    As you become more positive, you’ll find that your existing friends will either appreciate the new you or they will become resistant to your positive changes. This is a natural response.

                    Change is scary; but cutting out the negative people in your life is a huge step to becoming more positive. Positive people reflect and bounce their perspectives onto one another. Positivity is a step-by-step process when you do it solo, but a positive group of friends can be an escalator.

                    6. Get into Action

                    Negative thoughts can be overwhelming and challenging to navigate. Negativity is usually accompanied by a “freak-out” response, especially when tied to relationships, people and to worrying about the future. This is debilitating to becoming positive and usually snowballs into more worry, more stress and more freak-outs.

                    Turn the negative stress into positive action. The next time you’re in one of these situations, walk away and take a break. With your eyes closed, take a few deep breaths. Once you’re calm, approach the situation or problem with a pen and pad of paper. Write out four or five actions or solutions to begin solving the problem.

                    Taking yourself out of the emotionally charged negative by moving into the action-oriented positive will help you solve more problems rationally and live in positivity

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                    7. Take Full Responsibility, Stop Being the Victim

                    You are responsible for your thoughts.

                    People that consistently believe that things happen to them handicap themselves to a victim mentality. This is a subtle and deceptive negative thought pattern. Phrases like “I have to work” or “I can’t believe he did that to me” are indicators of a victim mentality. Blaming circumstances and blaming others only handicaps our decision to change something negative into something positive.

                    Taking full responsibility for your life, your thoughts and your actions is one of the biggest steps in creating a more positive life. We have unlimited potential within to create our own reality, change our life, and change our thoughts. When we begin to really internalize this, we discover that no one can make us feel or do anything. We choose our emotional and behavioral response to people and circumstances.

                    Make positive choices in favor of yourself.

                    “Watch your thoughts; they become words. Watch your words; they become actions. Watch your actions; they become habit. Watch your habits; they become character. Watch your character; it becomes your destiny” ― Lao Tzu

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                    Featured photo credit: Brooke Cagle via unsplash.com

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