How did Elon Musk and Other billionaires Become the Richest in the World?

Today, Elon Musk is considered the richest person in the world – we already talked about this in an article about the most absurd business ideas. He earned $185 billion by being the CEO of Tesla, SpaceX, and a number of other major companies. But do you know how his long journey to wealth began?

The son of an engineer and fashion model, at the age of nine he started programming on his first Commodore VIC-20 computer and a couple of years later created the Blastar game and sold it for $500. Then he invested in stocks in a pharmaceutical company, studied at universities, and finally founded his first company, Zip2, to develop programs for the Internet. Thanks to the knowledge and experience gained, then Elon Musk became one of the creators of the PayPal payment system, founded SpaceX, bought Tesla, and participated in the development of many other large companies. And how did the path of other billionaires of the planet begin?

Jeff Bezos Success Story as one of the richest billionaires:

Amazon founder Jeff Bezos, with a net worth of $90.5 billion, was named the world’s richest person in 2017. He did not grow up in a family of engineers and models like Elon Musk, but he fully recovered from his parent’s divorce. Despite having a challenging upbringing, Jeff Bezos earned electrical engineering and computer science degrees from the institution in 1986. He held a variety of jobs on Wall Street for a brief period of time before starting the book sales company Amazon. Despite the website’s flaws (it could order a negative number of books), the business eventually expanded. Bezos’s company started to sell new products. He was selected in Time magazine as Person of the Year in 1999.

But the entrepreneur did not stop there. In 2000, Jeff Bezos founded the Blue Origin company, whose goal was to carry out tourist flights into space. The goal was achieved in 2021. He and several other passengers successfully flew on the New Shepard spacecraft. Jeff Bezos is also the owner of The Washington Post publishing house. He is also the co-founder of Altos Labs, a company that develops technology to extend people’s lives.

The success story of Bernard Arnault:

Bernard Arnault is a French billionaire who founded LVMH Moët Hennessy – Louis Vuitton. This company is known as a manufacturer of luxury goods under the brands Christian Dior, Louis Vuitton, Hennessy, and so on.  He has an estimated net worth of $117 billion in 2020, making him the richest man on earth.

Bernard Arnault’s family cannot be called poor, because his father was the founder of the construction company Ferret-Savinel. After studying at one of the most prestigious schools in France, he became his father’s companion. After some time, he decided to sell his father’s company and leave for the United States to study the methods of acquiring companies. His father found out about the sale of the family business only after the completion of a transaction. He used the knowledge gained in the USA to create a luxury goods company. He did not invent anything from scratch, but simply absorbed manufacturers of wine, clothing, jewelry, and so on.

Bill Gates’s Success Story as one of the richest billionaires:

Microsoft founder Bill Gates was thought to be the richest man in the world from 1996 to 2007 and from 2009 to 2016. He holds the record for the largest amount of funds allocated to charity – he sent more than $ 28 billion to the established Bill and Melinda Gates Foundation.

Bill Gates’ family was not simple. His father is corporate lawyer William Henry Gates II, and his mother is the president of multiple organizations, Mary Maxwell Gates. While studying at Lakeside School, he learned to program, and at the age of 13, he created his first game, Tic Tac Toe. While investigating a Digital Equipment PDP-10 computer, he and his friends hacked into the program to gain more usage time. They got punishment for this. However, the young programmers offered the company to find vulnerabilities in computers for money. This was the first step of Bill Gates to wealth.

When Bill Gates was 17 years old, he founded Traf-O-Data with his comrades Paul Allen and Paul Gilbert. They created a traffic reading and reporting program for road engineers, earning $20,000 from it. After that, he met his new partner, Steve Ballmer, and they began to develop programs for the Altair 8800 computer. After that, they collaborated with IBM. Then peeped ideas from Apple and Xerox to create their Microsoft Windows operating system. In particular, she made Bill Gates the richest man in the world.

Warren Buffett’s success story as one of the richest billionaires:

Warren Buffett is the world’s most famous investor, sometimes referred to as the “Seer” and the “Oracle of Omaha”. He is the son of American politician and entrepreneur Howard Buffett. His wife is Leila Stahl. At 11, Warren Buffett decided to try his hand at the stock market. Thus, along with his sister, bought Cities Service shares for $38.25 each. As the stock price rose, Warren sold the stock and made his first $5. However, if he had waited a bit, he might get a profit of about $500. This experience has shown that investors need to be able to wait and not panic during a stock decline.

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