Tuesday, June 10, 2008

4 Self Made Billionaires You Should Know And Why

There are times when we all have dreams of making a great big company or becoming wealthy. Yes, we all think of that sometimes, but, we tend to make excuses like, we don't have money, that idea won't work, it's useless, my friend told me is a bad idea, the time in not appropriate, I cannot leave my job...endless excuses. If you think that being wealthy is out of your reach, think again. There is a myth out there that you had to have it all to start a company and to become wealthy, but it's quite untrue. Please read ahead and you'll understand.

1. Name: James Dyson
Net Worth: 1 Billion
Fortune: Self Made (Technology)

The man behind the Dyson vacuum cleaners, didn't started with everything. Back in the 70s, he saw that the typical vacuum cleaners were just inefficient, so he got the idea to make his own. With no capital, and with his wife salary, he started working. Five years later, and 5,000 prototypes, he reached his goal. He patented the idea and search for a manufacturing company that was interested in his new invention. No company was interested. Today, Dyson vacuum cleaners are sold in millions of units and made James Dyson a billionaire.

2. Name: Fred DeLuca
Net Worth: 1.5 Billion
Fortune: Self Made (Subway)

Subway's founder didn't started with his mega franchise. Back when DeLuca was in college, he knew he couldn't afford it. A friend of his fronted DeLuca with $1,000 to started a sandwich business. A with that, today Subway has more franchises than McDonalds.

3. Name: Lim Goh Tong
Net Worth: 2.8 Billion
Fortune: Self Made (Gaming)

His first work was as a public contractor. Today, he has casinos and hotels in Malaysia, his First World Hotel has more than 6,000 rooms.

4. Name: Jon Huntsman
Net Worth: 1.6 Billion
Fortune: Self Made (Chemicals)

Grew up in poverty. His first work was in a egg plastic maker back in 1960s. In the 1970s, made huge acquisitions. Today Huntsman Chemical is the nation's largest private company.

For more information:
Forbes -- www.forbes.com
Billionaire Books -- billionairebooks.blogspot.com

Juan Saldivar is an entrepreneur and current CEO of Saldivar Media.

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