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.
