About 70% of billionaires are self-made. This is their stories and their secrets.
Tuesday, October 31, 2017
Matsushita Konosuke Age 93 (when he died in 2006) Net Worth $3 Billions Born Japan Citizen Japan Education: Never went to High School Here is picture of Matsushita Konosuke He produced 14,000 Electric Products
And Matsushita had almost no schooling. At age 9, he was an orphan and started working. Here is his childhood picture
Here is youtube link https://www.youtube.com/watch?v=YEnCWFnIRTQ He is an inventor. Here are the one of 2 things he invented in 1918
He is known in Japan as "God of Management"
His most important contribution: social responsibility of his company and that applies not only to Japan but other countries His 2 most famous brands are (1) National (2) Panasonic
Thursday, October 26, 2017
Donald Bren Age 85 Net Worth $16.3 Billion Born Los Angeles, US Citizen US Selfmade in Real Estate, founded Irvine Company in 1977 This is picture of Donald Bren In 1956, he was National Alpine Ski Championships US
This is my youtube link https://www.youtube.com/watch?v=eohYfE6yEtA He is the Richest Real Estate Self-made Billionaire in the US in 2017
He made 99% of his wealth from Irvine Company, which he founded in 1977
Education University of Washington He was on ski scholarship at UW, and almost made the 1956 US Olympic Ski Team had it
Donald Bren's father is Milton H Bren, a successful Jewish movie producer in Hollywood
Donald Bren is being sued $131 Million by his 2 children and a girlfriend called Jennifer Gold
Tuesday, October 24, 2017
Pareto Distribution
This is a nasty distribution, also known as the hockey stick
where 1% will get 90% of the outputs
I am indebted to Professor Jordan Peterson of University of Toronto
Here is Professor Jordan Peterson
Also Derek de Sollar Price for Price Law
Here is the original Vilfredo Pareto
Here is link to my youtube video https://www.youtube.com/watch?v=iA4ZGg0QZw8
Basic Tenets here IQ is Distributed Normally
Wealth Distribution is Pareto
Is the system Fair? Yes, it is E.g. Pareto Distribution applies to Sports, Music, Academic publication and citations and now Income Distribution The Distribution is the same but the Players are different E.g. Richest Man on Earth It is either Bill Gates, Carlos Slim or Warren Buffett But these men cannot pass on their economic dominance to the next generation The sons and daughters or Gates, Slim or Buffett will never be billionaires (without inheritance)
Thursday, October 19, 2017
Henry Sy Age 92 Net Worth $20 Billion Born Fujian Province, China Citizen Philippines Selfmade in Retail, Real Estate and Banking Education: 2 Year at Far Eastern University, studied Commercial Studies Here is a picture of Henry Sy
Here is my web link https://www.youtube.com/watch?v=77D96rewVNE This is the first shoe mart he opened in Manila in 1958
He is the Father of Philippines Retail He is now the Richest Man in Philippines and he owns 60 malls in the Philippines, among them, the Mall of Asia
Tuesday, October 17, 2017
Horst Paulmann Age 82 Net Worth $4.6 Billion Born Kassel, Germany Citizen Chilean and German Selfmade in Hypermarket and Retail , founded CENCOSUD in 1976 Education: did not finish High School Here is a picture of Horst Paulmann
Here is my youtube link https://www.youtube.com/watch?v=ai1u0nQlBYM
Horst Paulmann owns CENCOSUD, the largest Retail Conglomerate in South America.
At age 13, he started working for his father's restaurant In 1958, when his father died, he and his brother Jurgen Paulmann converted the restaurant into a grocery store. It met with immediate success. This is picture of their first supermarket Las Brisas
The first product he sold was strawberry, the second product was walnut Now he owns the Tallest Building in South America It is called Gran Torre (Great Towere) de Santiago
Horst Paulmann also owns the largest shopping mall in South America "Costanera Center"
He owns 8 retailers , 50 shopping malls and employs 140,000 people as of 2017. Paul Horstman is the Richest Man in Chile and the Retail King of South America.
Thursday, October 12, 2017
John Henry Age 68 Net Worth $2.5 Billion Born Quincy, Illinois US Citizen US Self-made in Futures Trading, Sports Franchise Owner of Boston Red Sox and Liverpool Football Club Education: Dropout University of California Here is picture of John Henry with third wife Linda
Here is my youtube link https://www.youtube.com/watch?v=ZnU16Meygi0 He was a Philosophy Major in college. He dropped out of college to play in a band
In 1981, he founded John W Henry & Company
He adopted Turtle-Trading Strategy
In 2012, he returned $2.5 Billion to his client and closed out John W Henry & Company to concentrate on sports. His biggest achievement. He broke the Bambino Curse (1918 to 2004, 86 years)
He led Boston Red Sox to 3 World Champion Here is John Henry with his outsized Cigar in mouth
First one in 2004, Second one in 2007 and third one in 2013
Tuesday, October 10, 2017
John Tu Age 76 Net Worth $6 Billion Born Chungking, China Citizen US Education: Darmstadt Technische Hochshule Selfmade in Memory, co-founded Kingston Technology with David Sun
These two are the Memory King of the World
David Sun Age 65 Net Worth $6 Billion Born Taiwan Citizen US Education BS Tatung Institute of Technology Selfmade in Memory, co-founded Kingston Technology with John Tu Here are some of the memory products of Kingston Technology
Here is the Link to my youtube video https://www.youtube.com/watch?v=L2zNtwEqjV8 Here is logo of Kingston Technology
Here is the Kingston Trio
John Tu is a drummer and he named his company after the Kingston Trio