Journey of 10 business tycoons who were once rags!
Wealth inclines to create more wealth, but having a rich background is not the only way to be on the top. Some of the world’s richest people started their journey from poverty. All from humble beginnings, these 10 people not only scaled to the topmost of their industries but also became some of the richest people in the world.
There are a few people who overcome in the hard storms of life and do not give up but make destiny trail them and one of such remarkable personalities are Kenny Troutt. He made most of his cash from phone company Excel Communications, which he initiated in 1988 and took public in 1996. He became one of the richest people on the planet during the year 1998 when he vented Teleglobe in which his share was unsettled. But he had to go through a tough time to become such a rich person. His father was an alcoholic bartender and he did his studies at the Illinois University, for which he used to assemble money by selling life insurance to different people. His hard-work and efforts are the reasons he is now he is involved in stock selling, horse racing, and bonds retailing etc.
Ken Langone is one person who owns a responsibility of changing his life completely and are is known for his super hit business strategies all over the world. The finance industries, Ken Langone can be taken as an example for individuals who have gone through a tough youthful financially. He is the most famous and successful American businessman and investors who are best known for his cofounding at The Home Depot. He was born in New York in the home of working parents. Both the parents of Ken Langone used to work really hard. His father was a plumber and his mom was a cafeteria waitress which makes it apparent that he has seen a lot of hardships in his life to get this success.
Oprah Winfrey, the first African-American TV correspondent was born into a very poor family in Mississippi, but this could not stop her from winning a scholarship to Tennessee State University and becoming the first African American TV communicator at the very early age of 19. She had a rough childhood but both her parents worked hard for her. Her father was a coal miner and her mother, was a housemaid and she was raised on a farm by her grannie. Today, she is named as s America’s top 50 most generous philanthropists. She has also won the titles of Miss Black Tennessee and Miss Fire Prevention. Oprah Winfrey is one of the most popular Americans. She is the host of most viewed and the famous talk show: The Oprah Winfrey Show. Her popularity and success as a Black woman have broken all records.
Leonardo Del Vecchio
The one of the richest man on the planet today was forced to quit school at age 12 to help support and take care of his family after his father died of the disease, tuberculosis. The eyewear tycoon Leonardo Del Vecchio was sent to a Milan orphanage in Italy when he was 7 as his widowed mother couldn’t support him. He began an apprenticeship in an eyeglass factory when he was just 14. At the age of 23, Del Vecchio started his own molding shop, which extended to become the world’s major maker of sunglasses and treatment eyewear with brands like Oakley and Ray-Ban.
Li Ka-Shing has an unbelievable rags-to-riches story. As a little boy, he was forced to drop out of school to support his family as his father died when he was just 15. He started his first plant when he was 22 and within some years saw got success as a producer, business magnate, property developer, and investor. Cheung Kong Industries is his first company which manufactured plastics but later expanded into real estate. Today, he is one of the first big stockholders in Facebook, and his latest big acquisition is the British telecom company, O2.
Chairman and CEO of Las Vegas Sands was a college dropout who grew up slumbering and sleeping on the floor of a Boston tenement house. Adelson, child of a cab driver began to sell newspapers at the age of 12. In the years that trailed, he worked as an investment adviser, mortgage broker and financial consultant. In 1989, he acquired the Sands Hotel & Casino in Las Vegas which is now the largest casino company in the world. Sheldon Adelson has made his way with hard work that is extraordinary and today he is considered the most high-profile political donor in America.
Oracle’s founder Larry Ellison was born to an unwed mother in New York and contracted pneumonia at just nine months of age. He was given to his great-aunt and uncle for adoption in Chicago because his mother could not take up his responsibility. Larry Ellison was not exposed to computers in his childhood and didn’t have that intrinsic advantage early in life. After his aunt perished, Ellison dropped out of college and moved to California to work peculiar jobs for the next 8 years. He originated software development company Oracle in 1977, which is now one of the largest technology companies around the globe.
Howard Schultz, Starbucks Chairman, and CEO experienced scarcity at an early stage in his life. When Schultz was just 7 years old, his father broke his ankle while working as a truck driver picking up and delivering goods. At the time, his father had no property, no money, no health insurance or worker’s compensation, and the family was left with no income. Today, he is a world class American businessman. He is popularly known as the chairman of Starbucks and a previous owner of the Seattle SuperSonics.
He is now one of the richest people in the world. But the journey from rags to riches was tough for him. When he came to America from Pakistan at the age of 16, he had to work as a dishwasher at nights while attending the University of Illinois. An engineer by skill, Khan’s innovative design for a one-piece truck bumper was the foundation for his success. Shahid is now the owner of Flex-N-Gate, one of the major private companies in the U.S., Premier League soccer club Fulham and the NFL’s Jacksonville Jaguars.
John Paul DeJoria
John Paul Dejoria is the man behind a hair-care empire and Patron Tequila, once lived in a temporary home and his car. John sold shampoo door-to-door before he entered the world of hair care as an employee of Redken Laboratories. Today he is the proud owner of Patrón Spirits and co-founder and CEO of John Paul Mitchell Systems.
These 10 rags-to-riches stories remind that with willpower, grit, and a little of luck anyone can overcome their conditions and achieve extraordinary success.
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