Entrepreneur; you must know about –A brief biography…

Entrepreneur

An entrepreneur is a person who organizes and operates a business or businesses taking on greater than normal financial risks. If you want to learn from their experiences and life stories then stick around to find out about the top 5 alive personalities in the field of Entrepreneurship that have grown into business tycoons.

What Entrepreneur have in common?

The answer is simple: being able to move forward through every trouble, mindset, and skills.

What skills and expertise you need to become the best entrepreneur as an example?

The answer is : why do not you learn from the best

Biography of Top 5 Richest Entrepreneur

The following list covers the life or biography of the top entrepreneur as an example which are important figures around the globe. We will talk about the Life of an entrepreneur and you can learn a lot from them.

Jeff Bezos

This man climbed to the top of the list of the richest entrepreneur having a net worth of $131 Billion. We will look into a detail of the secret behind his success and why he should inspire people around the globe.

Personal Life

American entrepreneur, founder, and chief executive of Amazon.com and owner of the Washington Post and the founder of the space exploration company Blue Origin. He was born on January 12, 1964 in New Mexico to Jacklyn Jorgensen and Ted Jorgensen. About 4 and a half years after their marriage, his mother Jacklyn Jorgensen married to Mike Bezos.

In 1993, he married MacKenzie Tuttle during his work at D.E. Shaw both of them were employees of the same form. His spouse was an essential element in the foundation of Amazon, serving her expertise in this startup as well. They have a total of four children. Ultimately, they divorced in 2019. After some time, he married Lauren Sanchez.

Struggle Behind Success

He studied computer science and engineering at Princeton University because, of his love for technology. The garage at his residence turned into a laboratory showing curiosity in how things work.

His First Business was an educational summer camp while in high school. After graduating, he started working in several firms. In 1990, he became D.E. Shaw’s youngest vice president. After quitting his job in 1994, he turned to e-commerce by opening an online book store.

Amazon.com named after the South American river, started with a few employees and launched with little to none marketing and publication after beta testing grew into an astounding success.

After some years of growth and evolution from CDs and videos to Electronic items and toys gained extensive sales than its competitors. Some of the notable mentions in Amazon.com are Amazon Instant Video & Amazon Studios, Kindle E-Reader, Amazon Drones, Fire Phone, and Whole Foods some of these were discontinued after their letdowns while other continued on. While there are very important events of his life that encompass The Washington Post and Blue Origin as well. His life as an entrepreneur is remarkable.

Present Status

As of August 2019, an estimation by Bloomberg and Forbes concluded Bezos’ net worth at $110 billion. This is the reason that he topped Forbes’ list of wealthiest people in the world in both 2018 and 2019.

In economics, Gates was richer than Bezos in the late 1990s. The massive fortunes of American business surpass Bezos’ wealth.

Interesting Facts

There are several actions that deserve notable mention as well. Namely the Bezos Day One Fund which is aimed at contributing and donating to the NGOs which work for the homeless or education generally. Another point is the medical project with the idea of developing a complex health care system. He is an entrepreneur example to remember.

A commitment of $10 billion for launching the Bezos Earth Fund to contribute to global challenges of environmental crisis is also noteworthy. It is with the basic motive to drive intellectuals to work for the protection of nature.

 Bill Gates

Bill Gates is the founder of the PC Software firm Microsoft Corporation. Having a net worth of $97 billion, he stands at number two in the list of entrepreneurs. We will now look deeper into his life and the success story behind it. He is the pioneer of Microsoft’s Operating System ‘Windows’. Yes! The very OS used by nearly 1.5 billion users in a general sense which probably includes your PC as well. So fasten your seat belts as we look into his life. His Personal Life is a very important subject to talk about. He is a good entrepreneur example.

Personal Life

Entrepreneur and businessman Bill Gates and his business partner Paul Allen founded and built the operating system with their technical expertise and through their strategies, built it into a gigantic corporation. He was born on October 28, 1955 in Washington in the house of Mr. Bill Gates Sr., a law person, and Mary Maxwell, an activist during her college years in civic activities and charities. It was her influence on him that inclined him to donate a big chunk of his wealth to charity.

In 1987, a 23 years old Melinda French and Gates (then 32) met their relationship grew and they got married in Hawaii. They were blessed with three children. Just a few months after the wedding his mother died due to Breast Cancer.

In February 2014, he decided to step down from the Microsoft Chairman to divert his attention to charity, namely the Bill Melinda Gates Foundation.

Struggle Behind Success

His life as an entrepreneur is remarkable and brilliant. In an upper-middle-class family, he grew up with his two siblings. Gates indulged in reading hours on end, as a child. He was doing well in studies at Lakeside School but he seemed bored and withdrawn at times and this made his parents worried. He wrote a BASIC programming language for tic-tac-toe to play against a computer as a child. Graduated with a remarkable 1590 out of 1600 in the college SAT test.

He was admitted into Harvard University in 1973, hoping for a law career. However, he was expelled from college and pursue his career in Microsoft. He spent more of his time on computers and hardly got through the test.

He met his business partner Allen who was his senior at School who became the best of Friends and this bond grew stronger with time. At first having polar personalities, Gates being energetic while Allen being nervous. The common ground between them was PROGRAMING. Their life at school covered very significant events. While in college, Bill went to Harvard and Allen to Washington State University keeping in touch. They worked with MITS to write a program for Altair 8800 mini-computer kit and they had to write a BASIC language program for 2 months and went straight to the demonstration without any prior testing which was a success. They got the job at MITS which ultimately led to the foundation of their company.

While the life of Bill Gates revolves around Programming and Computer, it is worthwhile to notice the rivalry between him and Steve Jobs, founder of Macintosh Computers and Apple.

Present Status

Through a major success in stock exchange in 1987; Gates became a billionaire. Gates has been at the top or at least near the top of Forbes’ annual list of the top 400 wealthiest people in America. In 1999, his wealth topped $101 billion.

After this the family moved into a $54 million house about 55000 sq-ft near Lake Washington which also serves as a business center.

The Bill and Melinda Gates Foundation is dedicated to the support of Education, world health, and investments around the globe. With his wife’s influence, Bill had taken a concern in becoming a civic leader in the path of his mother.

Interesting Facts

Gates worked in several areas of health including malnutrition and HIV. In 2018, teaming with Google co-founder Larry Page to provide funding for a universal flu vaccine. Gates contributed a lot to Alzheimer’s Research. He is also interested in building a smart city in Arizona. After years of warning that the world was not ready for the next pandemic it proved true with the outbreak of the new coronavirus in 2020.In the light of the Global Pandemic COVID-19. The foundation is working tirelessly to win and help as much as they can. He is an entrepreneur to think about as an example.

Gates has been showered with awards for his social works and contribution from universities around the globe. Time magazine named Gates one of the most influential people of the 20th century. He was knighted as an honorary Knight Commander of the Order of the British Empire bestowed by Queen Elizabeth II in 2005. He was awarded by the Mexican Government in 2006 and was recognized by President Barack Obama in 2016.

 Warren Buffett

When you talk about investors then look no further because Warren Buffett is one of the most successful investors. How is this so? Stick around to find out more about him. With a net worth of $82 billion, he achieves a third place in this list of entrepreneurs. His wealth includes Berkshire Hathaway which owns about 60 companies.

Personal Life

He was born on August 30, 1930, to Leila and Howard, who was a stockbroker-turned-congressman in Nebraska, US. He had two siblings. Having an innate ability for money and business at a very young age. Doing mind calculations and amazing every around.

Read Also: How to Focus on Goals and Avoid Distractions

Struggle Behind Success

It is just amazing to note that when he was 6, he purchased six-packs of Coca Cola from his grandfather and sold with five percent profit. Not many people his age do that. This grew and evolved. It is important to note that; once he was 11 years of age he bought three shares at $38 per share which fell to $27 soon after. The resilient boy held his share to $40; and sold them but the shares went as high as $200 which taught him that Patience is a virtue.

When he was 17, he graduated from high school. His father wanted him to attend the University of Pennsylvania. (Note that by that time he already made $5000)He returned home after two years complaining that he knew more than his professors and transferred to the University of Nebraska. At that time he used to work full time and still graduated in three years.

The same thing happened when he was to start graduate studies so he was persuaded to apply in the Harvard but they rejected him as TOO YOUNG. He got to Columbia and met his Mentor Ben Graham –that would change his life as we would see.

Bell Graham is notable for his works in business and investment. He published ‘Security Analysis’ –one of the most notable works; and presented a principle of “intrinsic” business value, a measure of a business’s true worth. So investors could decide the company’s worth and make good decisions. His book ‘The Intelligent Investor’ is a remarkable book indeed. So he became an ideal person for Warren (21 years). Warren got to be with him and it influenced him a lot. During his graduate studies, he was the only student ever to earn an A+ in one of Graham’s classes.

After Graduation, he offered to work for the Graham partnership for free. Ben turned him down. He returned home and married Susie Thompson in April 1952 and rented a deprived flat with a family of mice. It so happened that their daughter was born here and they made a bed in a dresser drawer. During these years, Warren’s investments and financial conditions were not flourished. He had to work a lot. Then one day, he had an opportunity. Graham called him. They moved to New York. Buffet spent his days working for the company.

The difference between their philosophies started to emerge. Graham simply wanted numbers while Warren was more interested in a company’s management as a factor when deciding to invest. From this to his control over the Berkshire Hathway, included several business strategies he had taken.

Then there came one of the most upsetting moments in his life when Susan, her wife who had been with him through thick and thin, just left him to move somewhere else at the age of 45. He was hard hit like that by a storm at that time. By that time; his reputation grew wild that; even a mere rumor that Buffett was buying a stock was enough; to raise its price up 10%.

Present Status

Well he’s number 3 in this list, living in a modest house. He bought for $31,500 in 1958 or about $250,000 in today’s dollars. It’s now worth an estimated $652,619. He has two children and a number of grandchildren. Keeping a strict daily routine.

Every day, Buffett makes the five-minute drive to McDonald’s and orders. He decides which based on how good he’s feeling. and exercises regularly. He has good health having an age of 89 years.

Interesting Facts

Buffett is fun and fun-loving, genuinely warm and happy—and even charming in a folksy kind of way. First, you might think he’s just a hokey grandpa type (which he is) until he starts waxing on about some insurance product. He has pledged to donate 99% of his wealth towards charities. He is an entrepreneur to think as an example. His life as an entrepreneur is amazing.

These include several purchases and investments in his life. In the wake of COVID-19 he says that when I have longer investment plans the portfolio can recover from any downfalls.

Bernard Arnault

Hang on because we are going to talk about Bernard Arnault who is the chairman & CEO of the fashion corporation LVMH, the world’s largest luxury-goods company. LVMH has more than 70+ brands under its belt. With a net worth of $76 billion he also happens to be Europe’s richest person and number 4 in this list of entrepreneurs.

Personal Life

French billionaire business tycoon, and art collector, Arnault is the chairman and chief executive of LVMH, the world’s largest luxury-goods company. In April 2018, he became the richest person in fashion. He was born on March 5, 1949, in the house of Jean Arnault, was a manufacturer and the owner of the civil engineering company, Ferret-Savinel, .and Marie. His educational path gave him an M.Sc degree in 1971.

His four children have official roles in brands controlled by Arnault along with his niece. Arnault owned the 70 m (230 ft) converted research vessel Amadeus, which was sold in late 2015. His current 101.5 m (333 ft) yacht Symphony built in the Netherlands.

Struggle Behind Success

After graduation in 1971, he joined his father’s company. He became its director in 1974; CEO in 1977; after his father became the president in 1979; and became the CEO of Financière Agache; and took control of Boussac Saint-Frères, a textile company. He sold nearly all the company’s assets, with only the prestigious Christian Dior brand and Le Bon Marché department store.

After the creation of LVMH in 1987, on 13 January 1989, he unanimously elected chairman of the executive management board.

Since then Arnault has run the company through a determined development plan, converting it into one of the principal luxury groups in the world. In eleven years, the sales and profit and the market value of LVMH multiplied in worth. He promoted decisions toward decentralizing the group’s brands. As a result of these measures the brands are now viewed as independent firms with their own history.

Arnault supports the idea that LVMH has “shared advantages” such as having strong brands that help finance those that are still developing. The portfolio of major luxury brands has a history of stability and thus its solidity allows for new acquisitions and group development.

Present Status

Anault has made several investments as well. He was a member of the Board of Advisors of the Malaysian 1MDB fund for about 3 years. He invested in a various companies; like Boo.com, Libertysurf, Zeban; in Netflix; and many more. On top of that he has a net worth of $76 billion.

Interesting Facts

Arnault’s family pledged €200 million to help repair the cathedral after a fire, said a statement issued on behalf of Arnault. He is a major art collector. His collection includes the work of Picasso and many more. He was contributory in establishing LVMH as a major patron of art in France.

The LVMH Young Fashion Designer created as an international competition open to students from fine-arts schools. Every year, the winner is awarded a grant to support the creation of the designer’s own label and with a year of mentorship.

There are also other parts that definitely prove him to be an art lover. He has showered with many awards like Commandeur of the Légion d’Honneur, Grand Officer of the Légion d’Honneur, The Woodrow Wilson Award for Global Corporate Citizenship, Honorary Knight Commander of the Most Excellent Order of the British Empire, The Museum of Modern Art’s David Rockefeller Award, etc. He is an entrepreneur to remember as an example.

Carlos Slim Helu

Last but not the least, we are going to talk briefly about the Mexican magnate, Carlos Slim Helu ranked by Forbes Magazine as one of the richest and most powerful men in the world. He is a billionaire investor and famous philanthropist. He currently owns over 200 businesses in a wide variety of industries with diverse interests. Having a net worth of $64 billion, he is at number 5 on this list of entrepreneurs. He is an entrepreneur to think about as your example.

Personal Life

Born in Mexico City on January 28, 1940 to parents of Lebanese descent. His mother, Linda Helú Atta, and father, Julián Slim Haddad. Together, they had six children, of which Carlos was the fifth.

Julián Slim, a productive businessman, and imparted his business savvy to his children. Carlos learned his first financial lessons from his father, who showed them how to keep a log of their income and expenses. When he was 12 years old, he opened his first checking account and bought shares of the Mexican National Bank.

Slim married Soumaya Gemayel Domit in 1967. They had six children. Soumaya Domit died in 1999 from kidney failure, making Slim a widower. They had married for 33 years. He considers his children, his friends as he is a man of strong family values

Struggle Behind Success

He attended the National Autonomous University of Mexico, to become a civil engineer. He taught algebra and linear programming during his study and went into business immediately after graduating in 1961.

After founding his first company in 1965. He proceeded to buy several companies, mainly in the real estate and construction sectors.

His life continued. He bought many shares got profit and benefited people around him. It is his shares that stabilize the economic condition of the mostly oil-based economy of Mexico to suffer and collapse as banks became nationalized and the value of the Mexican currency Peso fell in 1982.

As a businessman, Slim has combined a wide range of industries under his company ‘Grupo Carso’. His attainment of the communications company ‘Telmex’ previously managed by the Mexican Government established his domination over the land phone and mobile services market as the company provided telecommunication services to about 80% of the Mexican population. His life as an entrepreneur is exemplary.

Present Status

As of February 17, 2017, Forbes magazine estimated Slim’s net worth at 51.2 billion dollars. He is the richest man in Mexico and number 4 among the billionaires of the world and is number 17 on the list of the World’s most powerful people. He consecutively ranked as the richest man in the world surpassing other multi-millionaires such as Bill Gates and Warren Buffett between 2010 and 2012

Interesting Facts

A big fan of sports particularly baseball and a big patron of the sports in Mexico and twice awarded the National Sports Award. He is an entrepreneur to remember and follow as an example.

 Slim and his foundations have been contributing to a variety of philanthropic efforts. He is a known supporter of the arts, sports, and the development of Mexican human potential. He has participated through his foundations in the protection of nature and his country.

Some people criticized that his humanitarian and altruistic efforts are lower than those of other billionaires like Bill Gates. To this, he has responded that he is against giving money away, claiming not to be “Santa Claus”. He prefers to invest it in a way that will create new jobs, and generate more money.

Carlos Slim has awarded many honors and distinctions throughout his carrier. His massive fortune is almost entirely self-made. He is a good entrepreneur example to follow.

Conclusion

After an elaborate and hot discussion we come to realize the truth that opportunity does not come to successful people but it is the people who make their opportunities after hit and trial, perseverance, consistency, and hard work. The long and extensive list of the richest example of the entrepreneur might have motivated you to become an entrepreneur example yourself. It has given a lot of thought to life as an Entrepreneur is remarkable.

They have lived their life; now the question is how you live yours? Do you have what it takes to get to the top? Now it’s your time to think link an entrepreneur and became an example!!!

Don’t tell people your plans, Show them your results.

Read Also: Business Opportunities for Students | Career Development

Leave a Reply

Your email address will not be published. Required fields are marked *