Do You Wonder How Some Of The World’s Richest People Came To Wealth?
Sometimes, a famous entrepreneur’s name will ring a bell, but we’ll forget the specific terrain they innovated in. Read on to find out specifically how these 21 billionaires rose to financial power.
Tony Tan Caktiong
Worth 3.6 billion dollars, Tony Tan Caktiong is one of the five richest men in the Philippines. So, you may ask, how exactly did he accumulate his wealth?
Lauro Montellano Jr./ Malacañang Photo Bureau/PNA, Wikimedia Commons
Tony Tan Caktiong
The answer? He’s the founder of Jollibee Foods, which is Asia’s largest food company. It also has a strong presence in North America, with franchises popping up in many suburban locations.
Zarate123, CC BY-SA 4.0, Wikimedia Commons
Jack Cowin
Born in Canada but dominant in the southern hemisphere, Jack Cowin is one of Australia’s biggest moguls, worth approximately 1.6 billion dollars. His fortune is largely thanks to fast food.
Jack Cowin
Cowin is the entrepreneur responsible for bringing both Kentucky Fried Chicken and Burger King to Australia. Though the latter instead goes by the name Hungry Jack’s in the land down under.
Mr Stan Zemanek, CC BY-SA 3.0, Wikimedia Commons
Cai Dongqing
Chinese billionaire Cai Dongqing has made his fortune by largely appealing to the interests of children. This is probably an area to think about strongly for any potential entrepreneurs.
Creative Power Entertaining, Pleasant Goat and Big Big Wolf (2009)
Cai Dongqing
The mogul has been called the Walt Disney of China for his stake in the country’s animation productions. It all started though with him selling tiny toy trumpets, a surprising innovation which captured the imagination of consumers.
Creative Power Entertaining, Pleasant Goat and Big Big Wolf (2009)
Mohed Altrad
With a quick Google search, you can surmise that billionaire Mohed Altrad is a man of many interests, thanks to his ownership of a rugby team and side career as an author.
Mohed Altrad
As for how he made his billions though, go no farther than the realm of scaffolding. He’s the founder of The Altrad Group, which dominates in construction. People always need buildings!
Alliance Internationale, CC BY 2.0, Wikimedia Commons
Tim Draper
Just a reminder for anyone reading that being a mogul doesn’t often come down to creating a product, but rather making the right investments. Case in point: American billionaire Tim Draper.
Web Summit, CC BY 2.0, Wikimedia Commons
Tim Draper
As a venture capitalist, Tim Draper’s first big move was investing in the New England-based software company Parametric. From there the money poured in.
Web Summit, CC BY 2.0, Wikimedia Commons
Sergey Galitsky
With a net worth of 3.4 billion dollars, Sergey Galitsky is one of the richest and most influential men in all of Russia. He came to the beginnings of his wealth in the late 90s, when he realized the needs of the massive country’s consumers.
Дмитрий Пукалик, CC BY-SA 3.0, Wikimedia Commons
Sergey Galitsky
In 1998, during the Russian financial crisis, Galitsky built his first distribution centre, which later led to the grocery chain Magnit. He stayed persistent through the country’s financial strain and came out a billionaire.
W2020, CC BY-SA 3.0, Wikimedia Commons
Peter Hargreaves
Peter Hargreaves is a serious deal within the world of the United Kingdom’s business leaders, being worth 3.9 billion dollars. Yet what led to such wealth?
Philip Halling, CC BY-SA 2.0, Wikimedia Commons
Peter Hargreaves
His company Hargreaves Lansdown is a prime mover in the financial services sector. He began as an accountant, and that’s a sign of a valuable position to hold to have the utmost financial acumen.
Frank Hasenfratz
Hungarian-born Canadian businessman Frank Hasenfratz is well known for his auto parts manufacturing company Linamar, which led to him becoming a billionaire.
TheGiantVermin, CC BY-SA 3.0, Wikimedia Commons
Frank Hasenfratz
As for how Hasenfratz initially made his fortune, he was an innovator in the defense industry. Admittedly, one of the shadier ways to come to great wealth.
Tabercil, CC BY 3.0, Wikimedia Commons
Naveen Jain
As an entrepreneur, Naveen Jain has made a distinct name for himself through the variety of companies he’s founded in the tech space. Yet he owes to the beginning of his fortune all to one man.
Naveen Jain
Jain of course made his first million working as a high-ranking employee at Microsoft under Bill Gates. He’s certainly an intimidating, but very worthy mentor to have, as Jain has noted publicly.
Tech.Co, USA, CC BY-SA 2.0, Wikimedia Commons
Kim Beom Su
When it comes to technology in South Korea, Kim Beom-Su has a considerably large presence, being behind the internet company Kakao. Yet what facet of technology initially launched his path to riches?
Shwangtianyuan, CC BY-SA 4.0, Wikimedia Commons
Kim Beom Su
The tech innovation that put him on the map was launching South Korea’s first online game portal, Hangame Communications. His personal interest in video games made him also a savvy businessman. Always think about what you love when considering your ambitions.
ACROFAN, CC BY-SA 3.0, Wikimedia Commons
NR Narayana Murthy
NR Narayana Murthy has been a big player in India’s economy for the past few decades, having been the co-founder of information technology giant Infosys, the very first company from the country to be noted by NASDAQ.
Rupeshsarkar, CC BY-SA 4.0, Wikimedia Commons
NR Narayana Murthy
The entrepreneur realized it was important to innovate in the field of software, which India hadn’t been working towards in past decades. From there, countless new horizons for the country’s financial footprint were opened.
Ashwin Kumar, CC BY-SA 2.0,Wikimedia Commons
Hüsnü Özyeğin
One of the richest men in Turkey is Hüsnü Özyeğin, who’s had a hand in helping create 75 companies across the globe that range from retail to energy. But where did he start?
Hüsnü Özyeğin
The answer was that he founded the financial institution Finansbank in the late 80s. Being president of that bank was where he made his initial fortune.
Lirio Albino Parisotto
A major player in Brazil is billionaire Lirio Albino Parisotto, who currently makes most of his money in plastics and petrochemicals. Can you guess where his business interests began, though?
Gervacio Rosales, CC BY 3.0, Wikimedia Commons
Lirio Albino Parisotto
Parisotto was one of the first entrepreneurs in the country to embrace the physical media revolution by putting money towards CDs and DVDs. Remember our media consumption times before Netflix and Spotify?
Dilip Shanghvi
Currently the fifth richest man in India, Dilip Shanghvi made his billions pursuing a field that’s certainly controversial for potential exploitation of consumers worldwide.
M.Arvindd Shanmugam, CC BY-SA 4.0, Wikimedia Commons
Dilip Shanghvi
Dilip Shanghvi is the certifiable king of India’s pharmaceutical industry. His company Sun Pharmaceuticals has gone as far as to make him the richest pharma executive in the world.
Ron Sim
The Singaporean businessman Ron Sim has made himself a billionaire through both shrewd investments and a strong sense of providing products that people want. But what specific industry does he belong to?
The India Today Group, Getty Images
Ron Sim
Well, the product that Ron Sim truly innovated with was massage chairs. Nail a product like that, and you’ll probably be on your way to being a billionaire, too.
Gurgaon Anmuyto, CC BY-SA 4.0, Wikimedia Commons
Michal Solowow
Polish billionaire Michal Solowow has made some headlines for his hobby of rally driving, but where his oodles of money came from is a whole other matter than what happens behind the wheel.
Michal Solowow
Solowow came to power through realizing the potential of the construction industry in his homeland of Poland. He’s also turned his money to investments in technology as well, which paid off to eventual billions.
Petter Stordalen
Norwegian businessman Petter Stordalen certainly has a flashy fashion style. As for the matter of how he earned that cocky swagger in the first place?
Citycon, CC BY 3.0, Wikimedia Commons
Petter Stordalen
The hotel mogul came to his first million with the bold idea of connecting three shopping centers in the city of Trondheim, Norway. From there, his good luck with business continued, eventually leading to billions of dollars.
Poltikerveckan Almedalen, CC BY-SA 2.0, Wikimedia Commons
Frank Stronach
Austro-Canadian businessman Frank Stronach is known both for the racetracks he owns and his company, Magna International. As for how the 92-year old got his start, though?
Gregor Tatschl, CC BY-SA 2.0, Wikimedia Commons
Frank Stronach
All the way back in 1957, Stronach began focusing on selling automobile parts while living as an immigrant in Canada. The rest is history.
Raysonho @ Open Grid Scheduler / Grid Engine, Wikimedia Commons
Manny Stul
An entrepreneur who’s been making an increasingly big name for himself at a later stage in life is Australian billionaire Manny Stul. How has he come to prominence?
Manny Stul
Manny Stul is the founder of Moose Toys, which offers a variety of innovative playthings that have captured the attention of children worldwide.
Cho Tak Wong
Many sources cite Cho Tak Wong as the most respected businessman in all of China, which is saying something. You may wonder how he came to his fortune though.
吕海强, CC BY 2.5, Wikimedia Commons
Cho Tak Wong
The answer is one word: glass. In particular, water meter glass was what he honed in on to make his initial fortune.
Chip Wilson
Chip Wilson, who’s worth over 6 billion dollars, is one of many great examples of a Canadian-American businessman. Does the name ring a specific bell, though?
Phillip Pessar, CC BY 2.0, Wikimedia Commons
Chip Wilson
As the acting CEO of Lululemon, Wilson realized there was a considerable gap in the world of stylish sportswear. From innovating there, the billions rolled in.
But it hasn't all been smooth sailing. Despite being a great businessman, Wilson is a also magnet for controversy. He's become notorious for his scandalous comments on fashion and branding, so much so that there have been several calls to boycott Lululemon.
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