Some of the wealthiest people in the world started their billionaire journey with nothing, but they have great fortunes today. If you also want to do something by yourself, money is not the first thing, if you have passion for your work and you believe in yourself, then nothing can stop you from achieving great success. All these billionaires are rags-to-riches, most of whom were poor but now the situation is different, they have achieved great success.
If you want to succeed in your life read this article: How to become successful?
Oprah Winfrey was born on January 29, 1954, in Kosciusko, Mississippi, US. She is most popular for her talk program, The Oprah Winfrey Show, which was broadcasted from Chicago. Winfrey was born into poverty, Her mother used to work in the farms. When she was 6, she was molested by male family members and another guest, when her mom used to work at other’s homes as a housemaid. When she was in high school, she was offered a job on the radio. She became a co-anchor for the local news channel when she was 19 and that was the starting of her success journey.
In January 1984, she was welcome to Chicago to have a floundering half-hour morning program on WLS-TV. In under a year, she transformed AM Chicago into the most sizzling show around. The arrangement was before long extended to 60 minutes, and in September 1985 it was renamed The Oprah Winfrey Show. The Oprah Winfrey Show turned into the number one talk show communicated in the country. She also launched her own production company and became internationally syndicated. This is how a little girl, who was abused in childhood and born in poverty, became a billionaire. The success story of Oprah Winfrey is true rags to riches story. So this does not mean that if you are born in poverty then you cannot get success.
Oprah Winfrey Net Worth: $2.6 Billion (Source Forbes)
Oprah Winfrey Age: 66 years
Oprah Winfrey quotes: “Think like a queen. A queen is not afraid to fail. Failure is another steppingstone to greatness.” “Where there is no struggle, there is no strength.” “The biggest adventure you can ever take is to live the life of your dreams.“
“It’s not where you are today and how much money you have, or what kind of a big position you have. Success is, are you the best at what you do? And, success unshared is failure.”
John Paul DeJoria is a self-made, billionaire entrepreneur. John Paul DeJoria is the founder of tequila maker Patrón Spirits Co. and cofounder of hair care company John Paul Mitchell Systems. he was born on April 13, 1944, in Los Angeles. after his parents divorced, he was raised by a single mother. He was even sent to foster home when his mother was unable to support. John was homeless and used to live in his car. He served two years at the US Navy and that he did many jobs including door-to-door encyclopedia and shampoo salesman.
When he was fired from a haircare company he formed his company with a hairdresser John Paul Mitchell Systems with a loan of $700. John Paul Mitchell Systems company became the most profitable hair care company in the world in a short period. In 1989, DeJoria co-founded the Patrón Spirits Company, which is the founding partner of many giant companies. He became a board of a beauty television channel. Currently, John Paul Dejoria a homeless is a billionaire living in a $50 million estate in Malibu. the billions are the result of his hard work and dedication in life and always remember that hard work pays off. The success story of John Paul DeJora is a true rags to riches story.
John Paul DeJoria Net Worth: $3.2 Billion (source Forbes)
John Paul DeJoria Age: 76 years
Howard D.Schultz was born on July 19, 1953, in Brooklyn, New York, he was born in a poor family. Schultz established the world’s biggest coffee house company with humble beginnings. He took loans to pay for his school as his childhood was spent in poverty. Before Starbucks, Howard used to work at Xerox, and later he joined Starbucks in 1982 and worked there. When he was rejected by the founders of Starbucks for his idea of scaling Starbucks, he quit and started his own company. Howard spoke to hundreds of people to raise money for his new coffee company but he was rejected 217 times. Later, He managed to raise money and created “Il Giornale” his own coffee company.
Howard D.Schultz purchased Starbucks with few investors in 1987 for $3.8 million. Starbucks was made public and the profits were tripled in 2010. Currently Howard Schultz Net worth is $3.7 Billion by Forbes.
“ You have to have 100% belief in your core reason for being.” Howard Schultz.
Howard Schultz Net Worth: $3.7 Billion (source Forbes)
Howard Schultz Age: 66 years
Kenneth Langone was born on 16 September 1935 in a middle class working family, his father was a plumber and his mother worked in a cafeteria. He is an American businessman and investor. Langone started working when he was 11 and he said the multiple odd jobs he had done gave him skills and perspective of doing a successful business. He used to deliver newspapers, worked at constructions, cut lawns, and worked in a butcher shop as making money was his motivation. Langone arranged finance for Home Depot and became a co-founder of the company.
Home depot is Langone’s most notable business venture and Home Depot now has revenue of US$110.2 billion, operating at more than 2,200 locations. Langone became the chairman of the New York Stock Exchange’s Compensation Committee from 1999 to 2003. Kenneth Langone the son of a plumber now is multi-billionaire and if he can become a billionaire, also you can. His story is a rags-to-riches story, the way he struggled and became wealthy is an inspiration to many.
Kenneth Langone Net Worth: $4.5 Billion (source Forbes)
Kenneth Langone Age: 84 years
Stephen J. Bisciotti is an American businessman born on 10 April 1910 in a middle-class family. He is the founder of the Aerotek company and co-founder of Allegis group. Stephen Bisciotti is the current owner of the Football team Baltimore Ravens worth $2.75 billion. His family was supported by his grandfather after the death of his father when he was 8. After graduation, he started a staffing company with his cousin ‘Aerotek‘ in a basement with old equipment. In the first year, they produced $1.5 Million in sales because of their hard work. The Aerotek company grew into the Allegis Group and later became the largest staffing company-owned privately. Now, Bisciotti also owns a $20 million yacht named and 2 Dassault Falcon private jets. A struggler rags to riches who started with nothing, but of his knowledge became a billionaire
Stephen Bisciotti Net Worth: $4.8B (source Forbes)
Stephen Bisciotti Age: 60 years
Success story of jack ma, a true rags to riches story
Ralph Lauren was born on 14 October 1939 in The Bronx, New York City. He is known for his enterprise Ralph Lauren corporation, he is executive chairman and CEO of the company. He was born in poverty, his father was a painter and they were dirt poor. The story of Ralph Lauren is a rags to riches story. He worked as a sales assistant for brook brothers and later salesman for a tie company. When he went to the polo match first time with his friend, there he got the idea to start his own brand ‘polo‘ and that was the first risky decision of ralph Lauren. Ralph Lauren started with the ties.
In 1969, Bloomingdale’s sold Lauren’s men line exclusively and It was the first time that Bloomingdale’s had given a designer their own in-store boutique. He worked hard to grow the company and it was growing well. They also launched fragrances for men and women. In 1981 the company became international and their first international store was opened in London, England. The company was made public on June 12, 1997, on the New York Stock Exchange. Ralph Lauren is also famous for his automobile collection. His dream of becoming a millionaire came true and he is a billionaire know with a net worth of $5.6 Billion.
Ralph Lauren Net Worth: $5.6 Billion (source Forbes)
Ralph Lauren Age: 80 years
George Soros on August 12, 1930, in Budapest, is a Hungarian-American billionaire. He is known for his company Soros Fund Management LLC, he is the founder and chairman of the company. In 1947 he migrated to the United Kingdom and worked as a waiter. He started studying at the London School of economics and later got a job in a merchant bank after doing his PhD from the London School of economics. In 1956, Soros moved to New York City and worked as an arbitrage trader for F. M. Mayer.
He worked on wall street for a number of firms and to experiment with his trading strategies he started a fund with $100,000 of the firm’s money in 1966. He again set up the Double Eagle hedge fund with $4m of investors’ capital including $250,000 of his own money. George Soros received returns on his share of capital and 20 per cent of the profits each year. Soros founded Soros Fund Management in 1970 and became its chairman. In 1973, the Double Eagle Fund had $12 million and formed the basis of the Soros Fund. The Quantum Fund made $5.5 billion in 2013 making it again the most successful hedge fund in history. The Soros Fund Management company continued to grow making George Soros rags to riches.
George Soros Net Worth: $8.3 Billion (source Forbes)
George Soros Age: 89 years
Lakshmi Niwas Mittal is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. He is also known as an Indian steel magnate. Lakshmi Mittal holds a 20% stake in Queens Park Rangers F.C. He was born on 15 June 1950 in Rajasthan, India, in a middle-class family. His father ran a steel business. He opened his first steel factory in Indonesia when he was 26. He purchased many mini steel plants and transformed them into profit-making firms. Mittal merged his company with Ispat International and LNM Holdings and acquired Ohio-based International Steel Group. In 2004, Mittal Steel Co. NV became the largest steelmaker in the world. Mittal steel merged with Arcelor creating ArcelorMittal. Lakshmi Mittal is 38% owner of the company. Mittal transformed his company into a global steel giant. He also sits on the World Steel Association’s executive committee.
Lakshmi Mittal Net Worth: $9.6 Billion (source Forbes)
Lakshmi Mittal Age: 70 years
John Fredriksen is a billionaire businessman, who owns the world’s largest oil tanker fleet. He was born on 10 May 1944 in Eidsvoll, Norway. John Fredriksen made his fortune picked up oil at huge profits in the 1980s and at great risk during the Iran–Iraq War. He is a rags to riches billionaire, who became wealthy because of his skills and knowledge.
John Fredriksen Net Worth: $10.1 Billion (source Forbes)
John Fredriksen Age: 76 years
Roman Abramovich is the primary owner of the private investment company ‘Millhouse LLC’, He is a British based billionaire businessman and a politician. He is also known as the owner of Chelsea F.C. Roman was born on 24 October 1966 in Saratov, Russian SFSR, Soviet Union. He lost his parents when he was 4 and was raised by his relatives. Roman Abramovich worked as a mechanic, street trader and used to sell rubber ducks in his earlier age. He set up a toy company making dolls in 1988. In 1989, he became a chairman of a plastic toy manufacturing company ‘Comfort Co-op’.
He founded 5 more companies and Roman specialized in oil trading and started selling oil. He founded P.K. Trust closed joint-stock company with his partner and established 10 other firms. Roman Abramovich became politically well connected and became wealthy at the age of 30. He was close to the president and was elected as a governor for the eastern province of Chukotka. Roman Abramovich is one of the self-made billionaires, who refused to live an average life and did something big. This was the success story of Roman Abramovich.
Roman Abramovich Net Worth: $12.2 Billion (source Forbes)
Roman Abramovich Age: 53 years
Thomas Peterffy was born on September 30, 1944, in Budapest, Hungary. He is an American billionaire businessman and founder, chairman of Interactive Brokers. Peterffy is the largest shareholder of Interactive Brokers. In 1965 he migrated to new york with his family.
The billionaire journey of Peterffy started when his father gave him $100 and said to make something for himself. When they came to new york he started working for an engineering firm. later he started learning computer programing and bought set in the American stock exchange 1977 to trade equity options. he founded his first company in 1978 and his second company in 1982. Peterffy created a major stir among traders by introducing handheld computers onto the trading floor in the early 1980s. he stepped down from his role CEO in 2019. Currently, the refugee who came to the USA without knowing English is a billionaire and has reached the peak of success.
Thomas Peterffy Net Worth: $17.5 Billion (source Forbes)
Thomas Peterffy Age: 75 years
Leonardo Del Vecchio is the founder and chairman of the world largest producer and retailer of glasses and lenses, Luxottica. He is an Italian billionaire businessman and the richest man in Italy. Leonardo Del Vecchio was born in a poor family in Milan, Italy in 1935. He started his career making die and tools and wanted his skills to use in making spectacles parts. In 1967, he started selling complete spectacle frames under the Luxottica brand, and he entered the contract manufacturing business in 1971. In 1981 the company set his first international subsidiary in Germany. Their company acquired other brands when it got listed in 1990 in New York. They also acquired a ray-ban in 1999. Currently, Luxottica has more than 8000 Stores in the world with revenue of € 9.493 billion.
Leonardo Del Vecchio Net Worth: $21.1 Billion (source Forbes)
Leonardo Del Vecchio Age: 85 years
Sheldon Adelson is an investor, businessman, political donor. He is the founder, chairman, and CEO of Las Vegas Sands Corporation. He is the owner of the Israeli daily newspaper Israel Hayom, Makor Rishon, and the American daily newspaper Las Vegas Review-Journal. Sheldon Adelson was born in a poor family on August 4, 1933, in Boston, the U.S. His father was a taxi driver and he started his business when he was 12. Sheldon started selling newspapers in Boston and later started candy vending machine business. He also went to the army but was discharged from the army.
Sheldon Adelson became a millionaire after his charter tour business and created 50 businesses. He with his parents purchased the Sands Hotel and Casino in Las Vegas in 1988, built The Venetian hotel and casino in 1999. He opened a casino resort in 2009, in Bethlehem, Pennsylvania and Adelson opened the $2.4-billion Venetian Macao Resort Hotel in August 2007. Sheldon Adelson is also the owner of Marina Bay Sands which costs $5.5 Billion to build. He also owns a fleet of private jets. He made his fortune with the humble starting and his working attitude made him a billionaire.
Sheldon Adelson Net Worth: $31.2 Billion (source Forbes)
Sheldon Adelson Age: 86 years
François Pinault was born on 21 August 1936 in France, his father was a timber trader. He is the founder of the luxury group Kering and the investment company Artémis, he is a billionaire French businessman. François started his business career working for his family’s business. He is a high school dropout and people used to tease him in the college because of his poor family. In 1963 his rags to riches success story started, when he started his first wood trading business by taking a loan from a bank and the company grew well.
He bought other companies and relaunched them by making them profitable. His company was made public in the Paris stock exchange on 25 October 1988. He bought the majority of stake in multiple companies and renamed them as Pinault-Printemps-Redoute) in 1993. 42% stake of the Gucci Group was purchased by Pinault for $3 billion in 1999. He bought many luxury industries and handed over the management of his companies to his son. François Pinault became the chairman of PPR and renamed it to Kering. He set up Artémis company to manage the investments.
Francois Pinault Net Worth: $38.1 Billion (source Forbes)
Francois Pinault Age: 58 years
Amancio Ortega is a Spanish businessman and the second-wealthiest person in Europe and the sixth-wealthiest in the world. Ortega was born in Spain, his father was a railway worker. He left school due to the job of his dad. He founded Confecciones Goa to sell quilted bathrobes and he opened Zara with his wife in 1975. Zara was a successful business for Ortega and it was a part of the Inditex group and also this was the starting of his rags to riches story. Ortega owned 59.29% of the Inditex group which included many brands like Massimo Dutti, Oysho, Zara Home, Stradivarius, Pull and Bear, etc.
There were 6000 stores of brands that came under the Inditex group. In 2001 he got retirement from the Inditex group but still owns around 60% of the Inditex group. HE also purchased a hotel in Miami and a skyscraper in Madrid. Amancio Ortega owns two private jets and two yachts. He is a very simple man and likes to wear normal clothes not luxury brand clothes.
Amancio Ortega Net Worth: $62.1 Billion (source Forbes)
Amancio Ortega Age: 84 years
Elon Musk was born on June 28, 1971, in Pretoria, South Africa. He is an engineer, entrepreneur, CEO and product architect of Tesla, Inc, founder, CEO, CTO and chief designer of SpaceX, founder of The Boring Company, co-founder of Neuralink, co-founder and initial co-chairman of OpenAI. He loved to read books and learned computer programming when he was 10. When he was 12 he sold the code of a video game for $500. He was bullied in childhood and he was hospitalized once after some boys throw him down from the stairs in a fight.
Musk and his brother raised money from a small group of investors and started a company ‘Zip2’ in 1995 which was later acquired by Compaq in February 1999 for $307 million. Musk co-founded X.com in March 1999, which was a financial service company and in 2001 it was renamed as Paypal. eBay acquired PayPal for US$1.5 billion out of which Musk received $165 million. In May 2002, Musk founded SpaceX with $110 Million. Musk joined Tesla’s board of directors as its chairman in 2004. In 2016 tesla acquired Solar City which was Co-Founded by his cousins. After achieving great success musk announced many companies such as Hyperloop, OpenAI, Neuralink, and The Boring Company. He is also known as the Real Iron Man.
Elon Musk Net Worth: $69.7 Billion (source Forbes)
Elon Musk Age: 49 years
Warren Buffett was born on August 30, 1930, in Omaha, Nebraska. He is an investor, businessman, he is also the chairman and CEO of Berkshire Hathaway. He wanted to start his own business at a very young age, as he developed an interest in business and investing in his youth. Warren Buffet is one of the most successful investors in the world. He started his business carrier at a very young age selling coca-cola bottles, chewing gums and delivering newspapers, and many other jobs, this was the rags to riches story of Buffett
He bought his first shares when he was 11, At the age of 14 he bought a 40-acre land with his savings. Warren Buffett was rejected by Harvard business school. In 1956, He created Buffett Partnership, Ltd and he became a millionaire because of his partnership in other companies. Warren Buffett acquired a firm called Berkshire Hathaway, Which was a textile manufacturing company. He became the CEO and chairman of the company Berkshire Hathaway in 1970. Buffett’s most lucrative investments were buying The 7% Coca-Cola Company stock for $1.02 billion. When Berkshire Hathaway started selling the Class A shares in 1990 and He became a billionaire.
Warren Buffett Net Worth: $71.8 Billion (source Forbes)
Warren Buffett Age: 89 years
Larry Ellison is an American businessman, investor, co-founder, and executive chairman and CTO of Oracle Corporation. He was born in New York City in 1944 in a Jewish family. His mother gave him to her aunt and uncle for adoption when was nine months old and got pneumonia. After completing his studies he started working at Ampex Corporation in 1970. With an investment of $2000 he with his partner founded Software Development Laboratories. Which became Oracle Systems Corporation in 1983 after the launch of their flagship product the Oracle Database.
Their company was struggling to grow and almost resulted in the company’s bankruptcy. Elisson was paid $975,000 salary, a $6,500,000 bonus, and other compensation of $955,100 by Oracle corporation, in 2005. He became the richest man in California in 2006 and he made $56.8 Million in the year ended 2009. Ellison was ranked as the sixth-richest person in the world and as the third-richest man in America in March 2010. He became a director on the board of Tesla, inc. after purchasing 3 million shares of Tesla. The billionaire story of Larry Ellison is a rags to riches story
Larry Ellison Net Worth: $73.4 Billion (source Forbes)
Larry Ellison Age: 75 years
Bill Gates is a businessman, investor and software developer. He is the co-founder of the Microsoft Corporation. Bill Gates was born on October 28, 1955, in Seattle, Washington. He wrote his first software program when he was 13. At the age of 15, gates with his partner used to sell software. Bill gates with Allen co-founded a company and named it Microsoft. Their company’s first software was BASIC, but it got leaked and people started using the leaked version without even paying them. The two partners launched their second product called MS-BASIC. Microsoft launched Windows on November 20, 1985, which was followed by Windows 95, Windows 98, Windows 2000, XP, Vista, Windows 7, Windows 8, and Windows 10.
In 2003 Bill Gates was the highest-earning billionaire in the world. He also owns stakes in other businesses also. He stepped down as the chairman of the company. Although the success story of Bill gates is not rags to riches, he is a self-made billionaire and he started Microsoft in his garage. Microsoft has a total revenue of US$125.8 billion making Bill Gates the second richest man in the world. He is one of the most inspiring personalities in the tech industry.
Bill Gates Net Worth: $111.8 Billion (source Forbes)
Bill Gates Age: 64 years
Jeff Bezos is the founder, CEO, and president company Amazon. He is an investor, industrialist, entrepreneur. Bezos was born on January 12, 1964, in Albuquerque, New Mexico. He started working at Mcdonalds when he was in high school. After his graduation, he started working at Fitel in 1986, and later Bezos then joined D. E. Shaw & Co and at the age of 30 became the company’s vice president. When Bezos decided to do something of own he came with the idea of starting an online bookstore.
On July 5, 1994, He left his job and founded Amazon in his garage. He said to the investors that there are 70% chances that amazon would fail. He invested $300,000 and invested in Amazon. In 1997, amazon went public with an initial public offering (IPO). Bezos always wanted to expand amazon and in 1998, Amazon was expanded to many consumer goods and sales of music and video. Bezos continued his hard work to expand and grow Amazon. He became the world’s wealthiest person on July 27, 2017. On 24 November 2017 his net worth surpassed $100billion. He is also the founder of Blue Origin, Which is a human spaceflight startup company.
Jeff Bezos Net Worth: $182.8 Billion (source Forbes)
Jeff Bezos Age: 56 years
These are the 20 Rags-to-riches billionaires. There are many rags to riches success stories of billionaires and millionaires but we tried to cover most of them famous. Tell us in the comments box whose success story should we publish next.
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