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)