rags to riches
These risk-takers started with very little and wound up with more money than most people dream about. What lessons can you learn from their stories? Are there principles you can apply to your own pursuit of wealth?
Rags to riches stories can not only be the motivation you need to get started but they may also be the idea you need to take the right step at the right time.
Do Wan took advantage of the fast fashion trend and bought clothes directly from manufacturers to save costs. Throughout his rise to the top, the one thing that aided Do Won was his ability to smell opportunity from a mile away- he sealed the deal by deciding to chase it every time.
Rowling was the first author to reach the billionaire mark and her successful series has sold at least 500 million copies across the globe. The series has made over $7.7 billion with the subsequent movies also bringing in money by the billions.
George Soros is known as the ‘Man who broke the Bank of England’ due to his sale of the $10 billion worth of the pound sterling currency during the 1992 Black Wednesday UK currency crisis. This sale alone made him a profit of $1 billion.
Oprah Winfrey: The First African American Female Billionaire in History
She went on to become a news anchor and then a chat show host for the talk show People Are Talking which she co-hosted with Richard Sher. As time went on she became more known and more liked. It was not long before her own show (The Oprah Winfrey Show) took off. As of 2020, she is worth $2.6 billion and also went on to found the Oprah Winfrey Network.
Roman Abramovich: Born a Russian Orphan, He Now Owns the Chelsea Soccer Team
Roman Abramovich’s wealth has mostly come in the form of steel and investments. He owns a stake in the steel giant Evraz, the U.K.‘s Chelsea soccer team, and Norilsk Nickel. Abramovich liquidated at least 20 different companies during the 1990s which is what really started his journey towards being part of the Forbes’ Billionaires list.
Grace Groner: The Woman That Turned a $180 Stock Investment Into 7 Million Dollars
Grace Groner has gone down in history as the woman that managed to take her $180 investment in Abbott stocks and grow it to 7 million dollars. Grace held on to her stock through 13 recessions, wars, countless economic downturns, and who knows what else.
Steve Jobs: You Are Probably Reading This on a Device He Helped Create
Steve Jobs’ innovative nature proved to be ahead of his time at some points in his journey but it is also what made him a billionaire in the end. When Jobs passed away in 2011, he was reportedly worth around $10.2 billion.