Born Poor, Drop Out and Got Rich - The Billionaire's Story

It's a true fact that it's not where you are born or whom you are born to that determines how your life will be. Its what you do with your life that determines how your life will be. Not long ago, Forbes Magazine publishes a special narrative on The World's Billionaires. It's a snap shot of who's who of the super rich.

I have the privilege of studying their life stories and inspect that many of them started out as either a poor boy from the neighborhood or a high school dropout. In this article, you too will have the privilege to read about them and hopefully get inspired by Their Billionaire Story.

Stephen Foster

The Ikea Story

Ikea Founder Ingvar Kamprad made headlines in early 2004 when Swedish enterprise magazine Veckans Affarer reported that he had surpassed Bill Gates as the world's wealthiest person. While Ikea's unconventional ownership buildings makes this the matter of some debate, there is no doubt that Ikea is still one of the largest, most victorious confidentially held associates in the world, with over 200 market in 31 countries, employing over 75,000 people and generating over 12 billion in sales annually.

Kamprad was born in the South of Sweden in 1926 and brought up on a farm called Elmtaryd, near the small community of Agunnaryd. Kamprad began to produce a enterprise as a young boy, selling matches to neighbors from his bicycle. He found that he could buy matches in bulk very cheaply from Stockholm, sell them individually at a low price and still make a good profit. From matches, he expanded to selling fish, Christmas tree decorations, seeds and later ball-point pens and pencils. When Kamprad was 17, his father gave him a repaymen for succeeding in his studies. He used this money to produce what has grown into Ikea.

The name Ikea was formed from Kamprad's initials (I.K.) plus the first letters of Elmtaryd and Agunnaryd, the farm and community where he grew up. He prolonged to advance his enterprise to a range of goods, together with wallets, watches, jewelry and stockings. When he outgrew his capability to call on his customers individually, he converted to a sort of makeshift mail order operation, hiring the local milk van to make his deliveries.

Kamprad has a credit for being, well, "cheap". He takes the subway to work, and when he drives, it's an old Volvo. Rumor is that when he stays in a hotel, if he feels the urge to drink one of those high-priced sodas from the wet bar, he replaces it later with one picked up from a colse to convenience store. He also encourages Ikea employees always to write on both sides of a paper.

Forbes magazine estimated his fortune at Us billion, manufacture him the 4th richest man in the world.

Las Vegas Sands story

Sheldon Gary Adelson is an American businessman. He is a property developer and social enterprise Ceo based in Las Vegas, Nevada. He is also a Chairman and Chief administrative Officer of the Las Vegas Sands Corp., which owns and operates the Venetian Casino Resort and the Sands Expo and institution Center. Adelson vastly increased his net worth upon the introductory social contribution of Las Vegas Sands in December 2004 by selling just 10% of the shares.

In addition, on May 26, 2006, Adelson's Las Vegas Sands was awarded a hotly contested license to produce a casino resort in Singapore's Marina Bay. The new casino is improbable to open in 2009 at a rumored cost of .16 billion.

Adelson was born to a poor Jewish family, in the Dorchester neighborhood of Boston. Son of a Boston cabdriver, he borrowed 0 from his uncle to sell newspapers at age 12. In the years that followed, he worked as a mortgage broker, investment adviser and financial consultant. To this point in his career, Adelson has created and advanced to maturity more than 50 separate companies, together with Comdex, a tradeshow he advanced with his partners for the computer industry. Adelson together with his partners directed Comdex to become the world's largest trade show with a nearnessy in more than 20 countries.

According to Forbes magazine, Adelson is the 6th richest man and the third richest American in the world, with a net worth estimated at Us .5 billion in 2007. Forbes estimates he has been earning about million an hour for the past two years.

The Zara Story

The son of a railroad employee and a maid, Amancio Ortega received no formal higher education. He began his powerful occupation as a teenager in La Coruña, Spain, the traditional center of the Iberian textile industry. When he was 13 years old he worked as a delivery boy for a shirt maker who produced clothing for the rich. He later worked as a draper's and tailor's assistant. In finding firsthand how costs mounted as garments moved from designers to factories to stores, Ortega learned early on the point of delivering products directly to customers without using exterior distributors. He would later hire such a strategy with great success at Zara, attempting to control all of the steps in textile yield in order to cut costs and gain speed and flexibility.

In the early 1960s Ortega became the owner of a local clothing shop, where he noticed that only a few wealthy residents could afford to buy the high-priced clothes. Thus he started producing similar items at lower prices, purchasing economy fabric in Barcelona and cutting out pieces by hand using cardboard patterns. Ortega then sold his items to local

Born Poor, Drop Out and Got Rich - The Billionaire's Story