Guo Guangchang 
Age 51   Net Worth $7.7 Billion (2018)
Born Dongyang, China      Citizen  China
Selfmade in Congomerate and Investment
co-founded Fosun International with 4 other students from Fudan University

Education   BA Philosophy  Fudan University  1989
                   MBA  Fudan University 1998

This is a picture of Guo Guangchang

This is my youtube link to Guo Guangchang
https://www.youtube.com/watch?v=MQGFam6O5CY
He is the Godfather of China's overseas Investment, having invested more than $12 Billion overseas since 2011

This is picture of his other co-founders 

Among the most famous purchase of Fosun International
Club Med
Cirque du Soleil
Silver Cross

The slogan of Fosun International is

Kirk Kerkorain 
Age 98 (died in 2015)    Net Worth $4 Billion
Born Fresno, California US    Citizen  US
Selfmade in Aviation, Casinos and Corporate Raider

Education:  Dropped out of 8th Grade

This is a picture of Kirk Kerkorian 

 








This is my youtube link to Kirk Kerkorian 
https://www.youtube.com/watch?v=iVClZ8LzLnk

Kirk Kerkorian is best known as the richest Armenian Selfmade Billionaires 

Kirk Kerkorian had donated more than $1.1 Billion to Armenia

Today (2018), we remember him as buying and selling MGM (Metro Goldwyn Mayer) 3 times

 








Also, his role as corporate raider of Chrysler, from which he made billions too.



He dropped out of school at Grade 8 to pursue his dream as a Boxer.

7  Inventor Selfmade Billionaires

Invention is one of Fastest Way to become a Selfmade Billionaire

I start with history, giving seniority to previous generation of inventors.
Reason:  the impact of an invention is best judge 100 years after its invention 

This is  my youtube link to Seven Inventor Seflmade Billionaires
https://www.youtube.com/watch?v=8XzjweJ8irw


#1  Ben Franklin (1706 to 1790)

 He invented Lightning Rod, Bi-focal, Flippers etc


#2  Thomas Edison (1847 to 1931)
 

He invented the light bulb, battery, sonogram, movies

#3  Walt Disney (1901 to 1966)

He invented Cartoon Movies

#4  Matsushita Konosuke (1894 to 1987)

He invented socket and bicycle lamp

#5  Steve Jobs (1955 to 2011) 

He invented Apple 1 and MacIntosh Computer, iPAD, iPhone etc.

#6  Frank Wang (1980 to Present)

He is the Drone King of the World.  He founded DJI 

He is a C Student who is obsessed with 

#7  Ingvar Kamprad  (1926 to 2018)

He invented folded furniture and grew IKEA into the world's largest furniture company.

He also became the Richest Man in Europe (for a few years)

Study of Selfmade Billionaires is the Study of Black Swan

 









This is my youtube link on this topic
https://www.youtube.com/watch?v=ca1_HWurRUg


Nassim Nicholas Taleb is author of the book "Black Swan"

 

Statistics:  How rare is Selfmade Billionaires?

Millionaires are not rare,  in US, about 5% of all people are millionaires.
So, in any major metropolitan area, if you walk on the street, about 10% of the people you run into are millionaires.   That means you see hundreds to thousands of millionaires every day.

 








Why are Selfmade Billionaire so rare?
There are 2 reason: 
#1  Their thinking and view of future is different from 99% of the population
#2  They had to compete and win over giant corporation that is 10,000X bigger.
E.g. Steve Jobs and Steve Wozniak vs IBM, that is 2 vs 100,000.
And Steve Jobs won with Apple 1 and Apple 2. 

 

Steve Jobs Middle Finger IBM

Mohed Altrad
Age 70   Net Worth $2.5 Billion
Born in Raqqa, Syria     Citizen  France
Selfmade in Scaffolding  , founded Altrad Groupe in 1985 

Education:  BS  Math and Physics University of Montpellier 
                   PhD in Computer Science  University of    
                   Montpellier 

This is a picture of Mohed Altrad in 1985

 This is my youtube linke to Mohed Altrad
https://www.youtube.com/watch?v=8XzjweJ8irw
In 2015, he won the World Entreprneur of the Year Award by Ernest and Young 

 








His famous motto

"The purpose of the company is not to make money, but to help humans"

In 1985, at the age of 37, he founded Altrad Groupe

In 2018, he is the Scaffolding King of the World 

He is quite a Renaissance Man, besides running a billion dollar company, he found time to write 3 Novels, here is his first Novel, written in 2005

 
He was born orphan in a Bedouin Tribe in Raqqa , Syria

here is a map of Raqqa Syria

Sacchin and Binny Bansal 
Age  38     Net Worth $1.3 Billion Each
Born Chandigarh , India    Citizen  India
Selfmade in eCommerce , co-founded Flipkart.com in 2007

Education:  BS in Computer Science and Engineer,
                     Dehli IIT  2005


This is a picture of Sacchin and Binny Bansal 

 







This is my youtube link to Sacchin and Binny Bansal 
https://www.youtube.com/edit?o=U&video_id=r1EIqcldQ0o

They are both from Chandigarh, India.  Despite having the same last name, they are not related


They first met at Dehli IIT, when both were computer science majors 


In 2007, after just 2 year work experience as software engineer, they co-founded Flipkart.  Their first product was selling books

 





This is a list of the companies Flipkart acquired to grow into the largest eCommerce site in India 

 









In May 2018, Walmart acquired 77% of Flipkart for $16 Billion.  Today Sacchin Bansal owns 5% of Flipkart and Binny Bansal owns 5% of Flipkart 

The irony is, both Sacchin and Binny Bansal once worked for Amazon India before they quit to found their own company Flipkart. 

Amazon actually outbid Walmart by $2 Billion but Sacchin and Binny Bansal decided to sell to Walmart instead. 

Ted Lerner
Age 92    Net Worth  $5.2 Billion
Born Washington DC, US     Citizen  US
Selfmade in Real Estate,  founded Lerner Enterprises in 1952

Education    BA and Law Degree from 
                    George Washington University 1950


Here is a picture of Ted Lerner

 

Here is my youtube link to Ted Lerner 
https://www.youtube.com/edit?o=U&video_id=zgLpBEcUtWQ


This is his most famous project Tysons Corner 

 



He started Lerner Enterprise (his real estate company) in 1952 with a $250 loan from his wife Annette Lerner

This is Annette Lerner and Ted Lerner Today

This is his long-term partner of 60 years  Albert Sonny Abramson

Richard Liu  
Age 44  Net Worth $9.1 Billion
Born  Sucho, China     Citizenship  China
Selfmade in eCommerce  ,  founded JD.com in 1998

Education:  BA Sociology  Renmin University 1996

Here is a picture of Richard Liu

 

Here is my youtube link to Richard Liu
https://www.youtube.com/watch?v=IEQKmNG1DWY

JD.com is the world's third largest eCommece company
He started online business in 2004, only 15 years ago

 






It is also the world's fastest in delivery. 
How fast, JD.com says it generally delivers in Chinese city 8 hours after the order and within 20 hours to rural areas of China.   Now this is 200% to 300% than Amazon.com in US
 

 

His first business was a Chinese Restaurant.  He failed because his employees stole from him.
So he is obsessed with honesty,  His policy is never sells counterfeits to his customers.

JD.com's chief competitor is Alibaba of China


 

Colin Huang
Age 38     Net Worth $13.8  Billion
Born Hangzhou China    Citizen  China
Selfmade in eCommerce and Games

Education BS Computer Science Zhejiang University 2002
     MS  Computer Science University of Wisconsin Madison in 2004


This is the picture of Colin Huang

This is my Youtube  link to Colin Huang
https://www.youtube.com/edit?o=U&video_id=SqxtfOMMVFg

From 2004 to 2007, he worked as an engineer at Google.
He was the team that was sent to China by Google.

In 2007, he quit Google to found his first startup Ouku.com, an online retailer that sells computers, communications and consumers electronics 

In 2015, he founded Pinduoduo 

 
Pinduoduo in Chinese means 
More Purchase, More Discount, More Fun

 
In 3 years, Pinduoduo grew its users to 300 million, a new world record for eCommerce. 

Now Colin Huang, only 38 year old, is the 12th Richest Man in China after Pinduoduo went IPO in July , 2018

 
This is his fourth startup

Scott Cook
Age 66   Net Worth $4 Billion
Born USA    Citizen  USA
Selfmade in financial software, co-founded Intuit with Tom Proulx in 1983

Education  BS  Mathematics and Economics University of Southern California
                   MBA  Harvard University 1965 

This is picture of the 2 founders of Intuit

This is my youtube link to Scott Cook 
https://www.youtube.com/watch?v=sjcjPPmeAn0


The idea of Quicken came from his wife 

 








These are his most famous products 
1.  Quickbook 

 







2.  Turbo Tax

 3.   Quicken 

Iskander Makhmudov
Age 54   Net worth $6.9 Billion
Born Bukhara Ubezkistan    Citizen Russia
Selfmade in Copper, Coal, Steel 

This is a picture of Iskander Makhmudov

 






This is my youtube link to Iskander Makhmudov
https://www.youtube.com/watch?v=ZG9zO3MeDDA
 
He was born in Bukhara, Uzbekistan

 

 




He is part of the Oligarch, who became very rich in the 1990s with the collapse of the Soviet Union


He teamed up with a pair of Jewish Brothers 
Mikhail and Leve Cherney of Russia
and the Reuben Brothers of UK in a company called Transworld 

 






Cherney returned to Israel

Here is picture of younger Makhmudov.

Now, he is a great philanthropist, having donated more than $1 Billion to charity,  such as the 2014 Sochi Winter Olympics Ice Rink.