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How (Some) Billionaires Become Billionaires

Discussion in 'Business, Investment and Economics' started by Ann, Jun 9, 2019.

  1. Ann

    Ann

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    Found this little article and thought it might be worth looking at for fun. This is how Buffett started. I will add people to the list as I find them...

    The No. 1 job billionaires and multimillionaires held before they got filthy rich

    There are billions of reasons to do this job.


    Many of today’s self-made billionaires and multimillionaires held a sales job, or jobs, when they were younger — a fact they consider crucial to their current success, according to research conducted by sociologist and historian Rainer Zitelmann and published in his recent book “The Wealth Elite.”


    Zitelmann interviewed 45 individuals, whose net worth ranged, on the low end, from 10 million to 30 million euros (roughly $11.3 to $34 million) to, on the upper end, several billion euros (more than $3 billion), and whose wealth was either entirely self-made or built on inheritances that were later multiplied. More...
     
  2. Zaxon

    Zaxon The voice of reason

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    Here's Australia's latest rich list. What I'm less pleased about, is some of the wealthiest Australians are making their wealth through private companies. So if you want to become a shareholder of Gina Rinehart's or Harry Triguboff's company for instance, you won't find them on the ASX.

    upload_2019-6-9_17-44-48.png
     
  3. Smurf1976

    Smurf1976

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    Ann likes this.
  4. Ann

    Ann

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    Deflation Smurf! Or is it Disinflation? Terrible thing, even the billionaires are suffering from it. :D
     
    Zaxon likes this.
  5. Zaxon

    Zaxon The voice of reason

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    That's right. I always leave you wanting more. Here is the full list.

    upload_2019-6-9_19-10-53.png
     
    Ann, Value Collector and Smurf1976 like this.
  6. qldfrog

    qldfrog

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    Was puzzled by Vivek Chaand Sehgal
    Actually just seems to have bought an aussie passport, make you wonder what he expect to run from
    I doubt he is australian for taxation purpose
    https://en.wikipedia.org/wiki/Vivek_Chaand_Sehgal
    Interestingly, how many of the above are Australian for taxation purpose?6 maybe, and taxed at company rate
     

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