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Friday, 5 February 2016
Rags to riches billionaires - Ziad Abdelnour
It is a fact that out of a world population of 7.1 billion people on the planet and just over 300 Million in the U.S, there are 1,645 billionaires in the world today; 442 of which from the US (2014, Wikipedia) and about 2/3 or just under 1,100 of them self-made.
Now this means that unless you happen to fall into a rather sizable inheritance, all other things being equal you have a 0.00001549295% chance of becoming a billionaire. If you live in the U.S. your odds are 0.00014733333%, which is actually an order of magnitude better (now we’re getting somewhere).
Can never say never though …
Robert J. Pera, founder of Ubiquiti Networks and owner of the Memphis Grizzlies became a Billionaire in 6 years. At 34 he was listed on the Forbes 10 youngest billionaire’s in the world. He has a B.S. in electrical engineering from UCSD and went to work for Apple. He left Apple and with accumulated $30,000 in savings and credit cards to start his company Ubiquiti networks. He says ‘success is a matter of identifying opportunities and putting in clear and concise efforts in the right direction’.