It is now available on Kindle, but can be read easily on smart phones.
Here is the link
https://www.amazon.com/Zero-Billions-Healthcare-Billionaires-Predictions-ebook/dp/B01M13WLLE/ref=sr_1_1?ie=UTF8&qid=1474462708&sr=8-1&keywords=89+healthcare+self-made+billionaires
I still think "Anyone Can" is still applicable. 28% of the Healthcare Self-made Billionaires have a high school education. 13% are MDs, 8% PhD and 2% JD. So higher education helps to become rich, but there are enough with average education who made it.
Healthcare is for everyone. All over the world, people are living longer. In the developed world, there is growing demand for senior homes and other services for an aging population. In the emerging markets, China and India are leading the world. They are growing three to four times faster than US and Germany.
This is my #15 eBook on Self-made Billionaires. My biggest challenge is the sheer number of healthcare Self-made Billionaires (SMB). There are altogether 89 of them in the world. How did they succeed against all odds? Do they face the same challenges and opportunities? My second challenge is healthcare is a complex topic. There are over 200 kinds of cancer and hundreds of drugs and treatments. Biotech is also the frontier of human knowledge. How can I contribute in this pioneering study? My third challenge is my own bias. To keep it minimum, I resort to an 80/20 approach: so 80% of the eBook is factual and 20% is analysis. The lion share of this eBook is taken up by the biographies of the 89 healthcare SMBs. This way, I respect my readers and they are free to form their own conclusions.
In methodology, I follow the same 6 Ws approach I used in all my previous studies. Why do we need to study healthcare SMBs? What is my methodology? Who are they? What is the education level of each of them? What is the average age? What is the average net worth? Are there any woman? How did they make their fortune? What lessons can we learn from them?
And, as in my other studies, the data are full of surprises. Here are my top 5 surprises (1) 28% of the 89 healthcare self-made billionaires are high school graduates, compared with 13% of MD, 8% PhDs and 2% JD. This kind of statistics defies logic. Like my other study, I call this a paradox: small education, big billionaires. (2) China is leading the world in number of healthcare self-made billionaire with 30, easily outdistances the Number Two US, who has 17. (3) Just as surprising as China, India is a global powerhouse, with Dilip Shanghvi the richest healthcare self-made billionaire in the world. I want to find out what makes India so successful. (4) Some 60% of the healthcare self-made billionaires made it in Pharmaceutical, with about 10% made it in hospital. Why is the data so skewed? (5) Healthcare is the fastest and most dynamics of all sectors. In 2016, healthcare is the 8th most important sector. In the past 4 years, the annual growth rate is more than 20%. If this trend continues, Healthcare will be in the top 2 sector by 2026. Why is healthcare growing so fast?
The economics of healthcare are very complex. Healthcare is the most difficult sector to make a fortune. If money is the object, one can make it 3 times faster with software. Instead of 20 to 30 years, one can make it in software in as little as 5 to 7 years. And healthcare are a lot more risky than real estate, and there are a lot more regulation than with the finance sector or the fashion sector. Here are four reasons why healthcare is such a difficult sector. (1) The healthcare environment is heavily regulated by governments. It often takes 10 years to get a durg approved. (2) there are already entrenched giants, some more than 100 year old. (3) The gestation period for a new drug is often a decade or more. (4) The startup cost is high, often in millions and it can run into billions.
As a future roadmap for would be healthcare entrepreneurs, I have included 16 business strategies in this eBook. This way I hope to save the readers time hours reading the 89 biographies multiple times. In the final chapter, instead of writing a conclusion, I made 10 bold predictions on the future of the healthcare industry in the year 2026. We live in a world of accelerated change. Either you are ahead or behind in change. I hope this eBook can guide you miles ahead of everyone else.
