Today I just completed a youtube video "Dilip Shanghvi, The Richest Healthcare Self-made Billionaires in the World from India"

Here is the URL
https://www.youtube.com/watch?v=1tuLoqolMyE

Shanghvi is most important for 5 reasons
1.  Healthcare is a sector of interest to anyone, we all need healthcare

2.  He is the world's richest Healthcare Self-made Billionaire

3.  At age 60, he is very young for a billionaire.  In 2016, he was already briefly India's Richest Month. 

4.  I hope more self-made billionaire would come from India, a most important country

5.  He built a global company Sun Pharma and most of its sale come from the US

So, how did he do it?

He started with
1.  2 Person (he and his only employee Pradeep Ghosh
2.  $10,000 Rs he borrowed
3.  One Product, a psychiatric drug called Lithosun

in the City of Vapi , Gujarat

He grew his company through a series of 16 acquisition

The last one was the acquisition of Ranbaxy Lab of India in 2013

Today Sun Pharam employs more than 14,000 and is a global brand

Today I posted Dhirubhai Ambani on youtube

Here is the link

https://www.youtube.com/watch?v=yDf1sQCSeFY

He was born in the fishing village of Chorvad, in Gujarat India

A high school dropout, he started work as a Gas Station Attendant in Aden, Yemen

Then he became the richest man in India, when he died in 2002.

In 1966, he founded Reliance with a few hundred Ruples

He founded Reliance, the first Indian company to join Global 500.

On the way, he also made millionaires out of thousands of Indian Middle Class Investors.  Here is a picture of Dhirubhai Ambani speaking in front of his shareholders.

I learned many things, one of the most important was in the 1980s, Import License were worth their weight in gold.   Here is an import license

With the Import License, you could make profit as high as 300% to 700%.
It really amount to a monopoly.


 Nevertheless, Dhirubhai Ambani is an Upfront and Honest Man.    He said what he meant and he built one of the world's largest oil refinery in Jamnagar India.  The complex is about 11 square miles.  A dream he hold as a gas station attendant while in Aden as a teenager.

His dream was India becoming a great economic superpower.  He proved it can be done.

Dhirubhai Ambani is a Nation Building Self-made Billionaires (others are Benjamin Franklin, Chung Ju-Yung of South Korea)

Two Women Self-made Billionaire from State of Wisconsin

Next is Diane Hendricks, The Richest Woman Self-made Billionaires in the US

Here is the link
https://www.youtube.com/watch?v=ukABWEPnzcQ


She is a Wonder Woman.  She co-founded ABC Supply with husband Ken Hendricks in 1982.

Here are my 4 Surprises
1.   She is from Beloit , Wisconsin
She is a Small Town, Big Billionaire.  This is a paradox which I encounter again and again.  I cannot explain it.  How can an entrepeneur make a huge amount of money in a small town?

2.   She is not the only Woman Self-made Billionaires from Wisonsin.  There is Judy Faulkner, who founded Epic Systems,

3.   Diane Hendricks made her fortune in Roofing, a field traditionally dominated by men.

Yes, ABC Supply is the company she co-founded in 1982 (in the depth of the recession) with her husband Ken Hendricks.  Here is ABC Supply's headquarter in Beloit, Wisconsin

4.  Wisconsin has out-produced Woman Self-made Billionaires (two , Diane Hendricks and Judy Faulkner) than  Tokyo (zero woman self-made billionaire), Paris and London

4.  The Hendricks have very little formal education
      Ken Hendricks is a high school dropout.
      Diane Hendricks just finished high school