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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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                    Published on May 4, 2021

                    How To Spot Fake People (And Ways To Deal With Them)

                    How To Spot Fake People (And Ways To Deal With Them)

                    They say we are the average of the five persons we spend the most time with. For a minute, consider the people around you. Are they truly who your “tribe” should be or who you aspire to become in the future? Are they really genuine people who want to see you succeed? Or are they fake people who don’t really want to see you happy?

                    In this article, I’ll review why it is important to surround yourself with genuine individuals—the ones who care, bring something to our table, and first and foremost, who leave all fakeness behind.

                    How to Spot Fake People?

                    When you’ve been working in the helping professions for a while, spotting fake people gets a bit easier. There are some very clear signs that the person you are looking at is hiding something, acting somehow, or simply wanting to get somewhere. Most often, there is a secondary gain—perhaps attention, sympathy, or even a promotion.

                    Whatever it is, you’re better off working their true agenda and staying the hell away. Here are some things you should look out for to help spot fake people.

                    1. Full of Themselves

                    Fake people like to show off. They love looking at themselves in the mirror. They collect photos and videos of every single achievement they had and every part of their body and claim to be the “best at what they do.”

                    Most of these people are actually not that good in real life. But they act like they are and ensure that they appear better than the next person. The issue for you is that you may find yourself always feeling “beneath” them and irritated at their constant need to be in the spotlight.

                    2. Murky in Expressing Their Emotions

                    Have you ever tried having a deep and meaningful conversation with a fake person? It’s almost impossible. It’s because they have limited emotional intelligence and don’t know how they truly feel deep down—and partly because they don’t want to have their true emotions exposed, no matter how normal these might be.

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                    It’s much harder to say “I’m the best at what I do” while simultaneously sharing “average” emotions with “equal” people.

                    3. Zero Self-Reflection

                    To grow, we must accept feedback from others. We must be open to our strengths and to our weaknesses. We must accept that we all come in different shapes and can always improve.

                    Self-reflection requires us to think, forgive, admit fault, and learn from our mistakes. But to do that, we have to be able to adopt a level of genuineness and depth that fake people don’t routinely have. A fake person generally never apologizes, but when they do, it is often followed with a “but” in the next breath.

                    4. Unrealistic Perceptions

                    Fake people most often have an unrealistic perception of the world—things that they want to portray to others (pseudo achievements, materialistic gains, or a made-up sense of happiness) or simply how they genuinely regard life outside themselves.

                    A lot of fake people hide pain, shame, and other underlying reasons in their behavior. This could explain why they can’t be authentic and/or have difficulties seeing their environment for the way it objectively is (both good and bad).

                    5. Love Attention

                    As I mentioned earlier, the biggest sign that something isn’t quite right with someone’s behavior can be established by how much they love attention. Are you being interrupted every time you speak by someone who wants to make sure that the spotlight gets reverted back to them? Is the focus always on them, no matter the topic? If yes, you’re probably dealing with a fake person.

                    6. People Pleaser

                    Appreciation feels nice but having everyone like you is even better. While it is completely unrealistic for most people to please everyone all the time, fake people seem to always say yes in pursuit of constant approval.

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                    Now, this is a problem for two reasons. Firstly, these people are simply saying yes to things for their own satisfaction. Secondly, they often end up changing their minds or retracting their offer for one reason or another (“I would have loved to, but my grandmother suddenly fell ill.”), leaving you in the lurch for the 100th time this year.

                    7. Sarcasm and Cynicism

                    Behind the chronic pasted smile, fake people are well known for brewing resentment, jealousy, or anger. This is because, behind the postcard life, they are often unhappy. Sarcasm and cynicism are well known to act as a defense mechanism, sometimes even a diversion—anything so they can remain feeling on top of the world, whether it is through boosting themselves or bringing people down.

                    8. Crappy friend

                    Fake people are bad friends. They don’t listen to you, your feelings, and whatever news you might have to share. In fact, you might find yourself migrating away from them when you have exciting or bad news to share, knowing that it will always end up one way—their way. In addition, you might find that they’re not available when you truly need them or worse, cancel plans at the last minute.

                    It’s not unusual to hear that a fake person talks constantly behind people’s backs. Let’s be honest, if they do it to others, they’re doing it to you too. If your “friend” makes you feel bad constantly, trust me, they’re not achieving their purpose, and they’re simply not a good person to have around.

                    The sooner you learn to spot these fake people, the sooner you can meet meaningful individuals again.

                    How to Cope With Fake People Moving Forward?

                    It is important to remind yourself that you deserve more than what you’re getting. You are worthy, valuable, precious, and just as important as the next person.

                    There are many ways to manage fake people. Here are some tips on how to deal with them.

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                    1. Boundaries

                    Keep your boundaries very clear. As explained in the book Unlock Your Resilience, boundaries are what keep you sane when the world tries to suffocate you. When fake people become emotional vampires, make sure to keep your distances, limit contact, and simply replace them with more valuable interactions.

                    2. Don’t Take Their Behavior Personally

                    Sadly, they most likely have behaved this way before they knew you and will continue much longer after you have moved on. It isn’t about you. It is about their inner need to meet a void that you are not responsible for. And in all honesty, unless you are a trained professional, you are unlikely to improve it anyway.

                    3. Be Upfront and Honest About How You Feel

                    If your “friend” has been hurtful or engaged in behaviors you struggle with, let them know—nicely, firmly, however you want, but let them know that they are affecting you. If it works, great. If it doesn’t, you’ll feel better and when you’re ready to move on, you’ll know you tried to reach out. Your conscience is clear.

                    4. Ask for Advice

                    If you’re unsure about what you’re seeing or feeling, ask for advice. Perhaps a relative, a good friend, or a colleague might have some input as to whether you are overreacting or seeing some genuine concerns.

                    Now, don’t confuse asking for advice with gossiping behind the fake person’s back because, in the end, you don’t want to stoop down to their level. However, a little reminder as to how to stay on your own wellness track can never hurt.

                    5. Dig Deeper

                    Now, this one, I offer with caution. If you are emotionally strong, up to it, guaranteed you won’t get sucked into it, and have the skills to manage, perhaps you could dig into the reasons a fake person is acting the way they do.

                    Have they suffered recent trauma? Have they been rejected all their lives? Is their self-esteem so low that they must resort to making themselves feel good in any way they can? Sometimes, having an understanding of a person’s behavior can help in processing it.

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                    6. Practice Self-Care!

                    Clearly, putting some distance between the fake person and yourself is probably the way to go. However, sometimes, it takes time to get there. In the meantime, make sure to practice self-care, be gentle with yourself, and compensate with lots of positives!

                    Self-care can be as simple as taking a hot shower after talking to them or declining an invitation when you’re not feeling up to the challenge.

                    Spotting fake people isn’t too hard. They generally glow with wanna-be vibes. However, most often, there are reasons as to why they are like this. Calling their behavior might be the first step. Providing them with support might be the second. But if these don’t work, it’s time to stay away and surround yourself with the positivity that you deserve.

                    Final Thoughts

                    Remember that life is a rollercoaster. It has good moments, tough moments, and moments you wouldn’t change for the world. So, look around and make sure that you take the time to choose the right people to share it all with.

                    We are the average of the five people we spend the most time with, so take a good look around and choose wisely!

                    More Tips on Dealing With Fake People

                    Featured photo credit: Priscilla Du Preez via unsplash.com

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