What I learned from Ingvar Kamprad?
First, who is Ingvar Kamprad?
Well, he was the richest Swedish Selfmade Billionaire and one of the richest man in Europe with net worth more than $30 million.
Ingvar Kamprad just passed away at age 91 two days ago.
These are the reasons he is one of the greatest entrepreneur in the world.
#1 Small Country -- Sweden is a small country in population, with about 10 million people
He built a global empire and was Furniture King of the World.
If you have visited an IKEA you know the scale and innovation
#2 Small Education -- Ingvar Kamprad never went to high school.
To me, he is small education, big billionaire
#3 He is an inventor who beat Thomas Edison in furniture
Ingvar Kamprad invented folded tables and folded furniture.
Thomas Edison thought of mass producing furniture and shipping them. Unfortunately Edison's idea was not folded furniture but concrete furniture (from molding)
In retrospect, it is easy to see how Thomas Edison failed and how Ingvar Kamprad succeeded
What I learned the Most from Ingvar Kamprad?
LESS IS MORE
For Furniture
For Life
Robert F Smith
Age 55 Net Worth $3.3 Billions
Born Denver, US Citizen US
Selfmade in Private Equity , co-founded Vista Equity Partners in 2000
Education: BS Chemical Engineering Cornell University 1985
MBA Columbia University 1994
This is a picture of Robert F Smith
This is my youtube linke to Robert F Smith
https://www.youtube.com/watch?v=BGYCYl_X01M
He worked for Krafts Food after graduation from Cornell University and he owns 4 patents, 2 in Europe and 2 in the United States
The co-founder of Vista Equity Partner, Brian Sheth, also became selfmade billionaire
Robert F Smith has been busy doing charity, first giving $30 Million to Cornell University and then $20 Million to the Museum of African American History in Washington DC
His specialty is Enterprise Software, where his company helps companies to improve productivity
Robert Kuok
Age 94 Net Worth$14.7 Billions
Born Johore Bahru , Malaysia Citizen Malaysia
Selfmad in Sugar, Hotel, Media and Real Estate
Education BA Raffle College, Singapore
Robert Kuok is important because he is the richest selfmade billionaire from Malaysia
Here is a picture of Robert Kuok
Here is my youtube link to Robert Kuok
https://www.youtube.com/watch?v=B9goOf8WJ9U&t=173s
His father is originally from Fujian China
In Asia, he is famous as the founder of the Shangrila Hotel, which is found in 16 countries in Asia.
Normally media shy, at age 94, he wrote a memoir, detailing his view on Cronysm, Capitalism and Meaning of Life
Elon Musk
Age 46 Net Worth $20.5 Billion
Born Pretoria, South Africa Citizen US, Canada and South Africa
Self made in Internet , Electric Car and Rockets
Education:
BS in Economics and Physics University of Pennsylvania
PhD program at Stanford University, dropped out after 2 days
Here is a picture of Elon Musk
Here is my youtube link to Elon Musk
https://www.youtube.com/watch?v=WhL_KSUSiJQ
He was named Genius Boy because at age 12 he taught himself programming and sold his software for $500 , that was 1983
Today (2018) he is famous as the CEO of Tesla Motors
And also the founder of SpaceX, which manufactures and launches rockets.
He goal is to save humanity by helping mankind colonize Mars
And also help mankind cuts its addiction to fossil fuels by creating a company called SolarCity
Reed Hastings
Age 57 Net Worth $2.4 Billion
Born Boston, Massachusetts Citizen US
Selfmade in movie streaming, co-founded Netflix in 1997 with Marc Randolph
Education: BS Mathematics Bowdoin College
MS Computer Science Stanford University
This is picture of Reed Hastings
This is my youtube link to Reed Hastings
https://www.youtube.com/edit?o=U&video_id=bbU9uec_QQs
Netflix is now in 190 countries, with about 110 million subscribers
When Reed Hastings started Netflix in 1997, the DVD players was found in less than 1% of US households. The price tag of $600 for DVD player means most Americans could not afford
He beat Blockbuster Video, a huge company with billions of sales in the 1990s.
NetFlix's most famous show is "House of Cards"
Staring Kevin Spacey
John Paul Dejoria
Age 74 Net Worth $3.2 Billion
Born Echo Park, Los Angeles, US Citizen US
Selfmade in Hair Care and Tequila
Education: High School
Here is a picture of John Paul Dejoria and wife
Here is my youtube linke
https://www.youtube.com/watch?v=u-daQFvwEKA
He was once a gangster and was homeless twice
picture here
He made his first fortune with John Mitchell in 1980
His initial investment was $700
He made his second fortune with Patron Spirit Tequila
Onsi Sawiris
Age 88 Net Worth $1.07B
Born, Cairo Egypt Citizen Egypt
Selfmade in Construction, founded his construction company in 1950
Education: High School
Here is a picture of Onsi Sawiris
Here is my youtube link to Onsi Sawirirs
https://www.youtube.com/watch?v=SLekFOFvRxM
Onsi Sawiris is the Richest Selfmade Billionaire in Egypt, because in 1995 (more than 20 years ago) he transferred control of his business to his 3 sons.
He is important because his youngest son Nassef Sawiris, is the richest billionaire in Egypt in 2017
His eldest son Naguib Sawiris, is also in the top 5 richest Egyptian billionaire
This is his company ORASCOM,
Onsi Sawiris built Egypt's first and largest Multinational Corporation, with presence in 25 countries
The Sawiris are Coptic Christians (about 10% of Egyptians are Christians)
