Thursday, July 14, 2016

How much Education do you need to become a self-made billionaire?  The answer: very little.

I just ePublished in Amazon Kindle "Zero to Billion:Anyone Can, 22 Australian Self-made Billionaire".  I hope to contribute to humanity by revolutionizing our way of thinking of business and human potential.




More than half of Australian self-made billionaires have a high school or less education.  This is the same in Hong Kong, where more than half of self-made billionaires never went to university.   This is one proud discovery from my years of research.  It supports my thesis: ANYONE CAN.  If a high school graduate or dropout can become self-made billionaire, so can you.

Australia in 2016 is a very unsettling place for politics.  Why are voters so angry, when there is peace and prosperity, the air and there are plenty of fish in the ocean?  Australian even has the highest minimum wage of all rich industrialized countries, at $15 an hour, Australian minimum wage is higher than Switzerland, and much higher than US.

Should Australians be voting for an Exit too, like Brexit?  If so, where are they going to exit to?  To Indonesia or to New Guinea or to New Zealand? 

I don't have an answer.  I am not Australian.  I cannot vote. 

Maybe most of the voters in the world are angry: voters in Taiwan are angry, voters in Hong Kong are angry, voters in Great Britain are angry, voters in United States are angry.  The answer is blowing in the wind.



Sunday, July 10, 2016

I just finished writing "Zero to Billions: Anyone Can, 22 Australian Self-made Billionaire: Immigrants and the Great Transformation."

At this point, I expect immigrants to do better than Australian-born in the areas of self-made billionaires, but I am here for a surprise.  Immigrants are 1.8 times more likely to become self-made billionaires in Australia.   Not only that, they are also a lot more wealthier.

Now, take the 3 richest self-made Australian Self-made Billioniares.  They are all immigrants.

1.  Harry Triguboff.   He is worth $9.1B.  He was born in China. He arrived in Australia as a refugee Jew.  He made his fortune building high-rise condo in Australia.  Well, in a country as vast and flat as Australian, he insisted on building high-rise when most Australian prefer to live in houses.






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2.  Frank Lowy.  He is founder of international chain of shopping mall called Westfield.  There are 32 Westfield Mall in the United States alone.  He is worth $5.5B.  He was born in what is Slovakia today.
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3.  Hui Wing Mau.  He made most of his fortune in Hong Kong and China.  He was born in Communist China.  He is worth $3.9B.  He holds dual citizenship of Australia and Hong Kong. He, too made his fortune in real estate, as the above 2 gentlemen.

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