The reason for success?: What trait did these billionaires share in their youth

Labatilla

November 20, 2021, 7:02 am

Elon Musk, the American businessman founding Tesla and SpaceX, maintains his position as the richest person in the world, and last year added $165 billion to his fortune, according to the records of the Bloomberg Billionaires Index. Day by day, this title is disputed with peers such as Jeff Bezos, founder of Amazon, and many multi-millionaire entrepreneurs such as Bill Gates, creator of Microsoft, and entrepreneur and investor Warren Buffett, among others. In this context, a circumstance that these four personalities share destroys the myth of the “self-made man”.

by Infobae

Much has been written about the secrets of billionaire success. They work hard, work long hours, take risks, get up before dawn. However, no matter how good this advice is, there are many people who work hard and for a long time but hardly survive,” the INC post stated before announcing the common point that was one of the keys to the success of these entrepreneurs.

All of these great wealthy people came from what anyone would know as a very privileged background or strong start: their families already had money or political and business connections.

In this sense, Elon Musk’s father was the owner of a profitable emerald mine and a wealthy real estate developer in South Africa. Additionally, Jeff Bezos’ parents gave him $300,000 to start his business. While Bill Gates’ parents were wealthy people with strong connections to IBM. For his part, Buffett’s father was a very successful investor and a four-time congressman.

“Obviously these players played their cards well, but in the beginning they were dealt very aggressively and were lucky when they played new cards, perhaps because the group they were playing with was already stacked in their favour,” the INC post said. Review.

In this way, this characteristic shared by Musk, Bezos, Gates, and Buffett allows us to realize that a “self-made” man is not an accurate description in these cases.

“The ego of the self-made billionaire legend will not matter, except that it reinforces the futile belief that a person can become rich if he works hard enough. In fact, no one works harder than a poor person with few resources,” the post asked.

In this sense, he also draws criticism by saying that myths of “self-made” men also encourage people to believe that billionaires “deserve” more money than they can spend and enjoy tax laws that ensure their wealth continues to rise, while “14 million children in America without food”.

Look, entrepreneurship is great, but it’s not a solution to poverty. Entrepreneurship is a way forward for those of us who are fortunate enough to have training that can provide support to develop the skills and capital needed to start a business.” He asked, “Are there very poor people who have succeeded and are even rich?” Sure, but these examples are by definition exceptional.”

In this context, he concludes by thinking about it: “If you are a successful entrepreneur, be proud of your accomplishments, but don’t turn your success into a club that beats the less fortunate. It’s not a good look. It makes you look young and mean. And stop the do-it-yourself myth.” Silly and you know it.”

List of the 10 richest men in the world

Besides their histories and ancestors, these entrepreneurs have been able to maintain and expand their fortunes while continuing to innovate. Elon Musk, the American businessman behind Tesla and SpaceX, remains the richest person on the planet, adding $165 billion to his fortune last year, according to Bloomberg Billionaires Index records.

The podium was completed by American Jeff Bezos, founder of Amazon, in second place in the ranking with a fortune of 193 thousand million US dollars, and French businessman Bernard Arnault, owner of the most famous luxury brands, hotel chains and even the legendary Orient train. Express, ranked third with $169 billion in its pockets.

In the background comes Bill Gates (Microsoft) with a fortune estimated at about 136,000 million US dollars. Then there is Larry Page (Google), which is raising $128,000 million and has added $45,200 million this year. They are followed by Mark Zuckerberg, founder of Facebook (today dead), with a fortune of $123,000 million; Sergey Brin (Google), who owns $123 billion; Steve Ballmer (Microsoft, Los Angeles Clippers), $117 billion; Larry Ellison (Founder of Oracle), with 115,000 million US dollars, and tenth place entrepreneur and investor Warren Buffett, with 104,000 million US dollars.