elon musk

Billionaires Before They Made Their First Million (Jeff Bezos, Elon Musk, Jack MA)

At some point, everyone has dreamed of becoming a billionaire and living the life of luxury yet very few of us will achieve that possibility. the ones that do often have incredible stories on their way to climbing up the world’s richest list.

Today we’re going to look at the history of some well-known billionaires especially before they started making the big bucks. We’ll see their childhood and what decisions they made that turn them into the economic powerhouses they are today. We’re going to examine big names like Jeff Bezos, Elon Musk, Oprah Winfrey, and Jack ma.

So let’s get started

Jeff Bezos

jeff bezos

Currently, Jeff Bezos is sitting at an estimated net worth of 193.3 billion dollars according to Forbes. In June of 2020 due to the recent global events, Bezos’s net worth increased by an unprecedented 13 billion dollars in just one day. In 2018 the company he founded Amazon obviously officially crossed into the realm of being worth one trillion dollars even though he now has over 30 times more money than Queen Elizabeth. Bezos’s life was vastly different only three decades ago. Born in New Mexico united states in 1964 to Jackie and Ted Jorgensen has mother was a 17-year-old high school student at the time. While his father owned a bike shop. When he was only Four Bezos’s parents divorced. His mother then-married Cuban immigrant Miguel Mike Bezos. Miguel later formally adopted Jeff. From a young age, Bezos showed a passion for mechanics. As a toddler, he apparently dismantled his crib with a screwdriver. That is some ridiculous early genius going on right there. later on, he would create an electrical alarm system to keep his siblings out of his bedroom. In high school he balanced becoming a valedictorian with a part-time job at McDonald. In 1986 Bezos graduated Princeton University with a degree in computer science and electrical engineering. After that Bezos enterd the adult world by taking various jobs on wall streets such as with Fatal, Banker’s trust and D.E Shaw company. the latter of which he became vice-president of the company by the time he hit 30.

At the company, he met Mackenzie Scott Tuttle. the two married in 1993. In 2019 the two would divorce and the settlement would make Tuttle one of the richest women in the world with a current net worth of 58.7 billion dollars. yet back in the 90s Bezos wanted to do something more in his career. So in 1994, he left D.E Shaw and company in order to set up an online bookshop in an emerging market of the internet. What’s that he also had plans to branch out the bookshop into selling other items eventually you know other items like everything you could ever want. Bezos set up Cadabra in the garage of his home in Seattle later on he changed the company’s name to amazon. with that, Bezos brought in a team of computer experts to help him set up amazon after the website reached its beta stage Bezos asked 300 friends and family members to test out the site. In July of 1995, the amazon website was launched to the world the first book sold by the startup was fluid concepts and creative analogies by Douglas Hofstetter sounds stimulating. By September 1995 Amazon was bringing in 20K Dollars per week. At the end of 1995 Amazon had brought in 510k Dollars in revenue. In 1997 Amazon went public Bezos told his investors there was a 70 percent chance they could lose all their money.I love his honesty his parents decided to plow 300K of their money into their son’s venture owning six percent of the company. by the end of the decade, his parents and Bezos at only 35 years of age were billionaires.

Elon Musk

elon musk
SpaceX owner and Tesla CEO Elon Musk poses as he arrives on the red carpet for the Axel Springer Awards ceremony, in Berlin, on December 1, 2020. (Photo by Britta Pedersen / POOL / AFP) (Photo by BRITTA PEDERSEN/POOL/AFP via Getty Images)

This year Bezos and Elon Musk have been trading who the richest person in the world. In early January musk hit the top with an estimated net worth of 185 billion dollars currently Forbes has his net worth at190.3 billion. but who’s counting. Musk is born in 1971 in Pretoria South Africa. His mother Maye musk was a Canadian model. His father Errol musk was a South African engineer by the time musk was 10 his parents divorced. In order to sustain her family Maye work five jobs at one point. A couple of years after the divorce musk lived with his father a decision he later regretted because the two are now estranged. In an interview with rolling stone, magazine Musk described his father as quote “a terrible human being” wow. as a child Musk was often daydreaming about new inventions it got so bad that his parents took him to have his hearing tested also when he was 10 musks developed a strong interest in computers and taught himself programming. When he was 12 musks sold the code to a video game he made called blaster. It was bought by the magazine pc and office technology for five hundred dollars. Life at private school was just as hard as home life. Musk was bullied throughout his childhood at one stage he ended up in the hospital after being thrown down a flight of stairs. Musk soon dreamed of making a life in America as such he realized he would have a better chance of being allowed to live in the U.S if he went via Canada through his mother’s nationality. So he applied for a Canadian passport-this act meant Musk skipped south Africa’s mandatory military services. He waited musk briefly attended the University of Pretoria. In 1989 musk arrived in Canada for a year he worked various odd jobs to keep himself afloat in 1990 he attended queen’s university in Ontario by 1992 he transferred to the University of Pennsylvania. He graduated with degrees in economics and physics. In 1995 musk was accepted onto a Ph.D. program at Stanford university for energy physics after two days he dropped out instead he wanted to dive into the internet boom. He set up zip2 with his brother Kimball the company developed maps and business directories for online newspapers during this time Musk couldn’t afford a place to live so he slept at the zip2office and washed at the local YMCA only two years later the company took off he sold zip2 to Compaq for 307million dollars. Musk received 22 million for his share of the company he then used the money to fund a new venture x.com and he also probably bought himself a place where he could shower and stuff like that. That led him to work on PayPal SpaceX and tesla. in 2002 musk finally, received his citizenship and later become a billionaire in 2012.

Oprah Winfrey

oprah winfrey

in 2003 at the age of 49 Oprah Winfrey became the first black female billionaire in history. Due to her incredible media empire but her childhood was incredibly difficult some of which we aren’t going to be able to discuss due to the serious nature. Winfrey was born in Mississippi in 1954.her birth certificate actually states her name as Orpah after the figure in the bible. however, due to people mispronouncing her name Oprah stuck Winfrey’s mother Vernita was only 19 when Winfrey was born. her father Vernon Winfrey was a barber and businessman for the first few years of her life winfrey was raised by her maternal grandmother and they lived in poverty. Winfrey would have clothes made from potato sacks something which drew the harsh attention of nearby children. when she was six winfrey moved with her mother to Wisconsin Vernita was working as a mate the time due to a mix of raising numerous children and Winfrey struggling with the trauma she sustained. she was sent to her father’s in Tennessee a couple of times eventually she lived there permanently. there she found something that was missing Vernon put a strong emphasis on Winfrey’s education he also guided and encouraged his daughter. she began making speeches at church and social gatherings so much so she was reportedly paid 500 for one of her speeches. Winfrey has also voted the most popular girl at her school after winning a beauty pageant Winfrey received a part-time job reading the news on the radio station well. she would continue to do the job when she secured a full scholarship at Tennessee state university to study communication.after her degree she became the youngest tv news anchor of a Nashville station that’s now known as WTVF tv. In 1976 she accepted an opportunity to move to Baltimore to co-anchor the six-o’clock news on WJZ tv. in 1983 she was recruited to move to Chicago to work on a morning talk show AM Chicago later in 1986due to incredible ratings the show was renamed the Oprah Winfrey show and would be shown nationally until 2011.in 1985 Winfrey would also be cast in the film the color purple learning herself an oscar nomination her second nomination was due to her performance in 2014 Selma in 2011 the tv channel the Oprah Winfrey network would also be created. today Winfrey has now amassed an estimated net worth of 2.6 billion dollars

Jack MA

jack ma

while he is currently the third richest person in china jack ma is perhaps the best-known mostly due to his musical performances at the annual Alibaba conferences. born in Hangzhou china in 1964 he was originally named Ma Yun at a young age ma was interested in learning English he even took on a role as a tour guide for many years. He would ride them around the city and his bicycle as he practiced his English. One of the tourists soon became good friends with Ma they would even become pen pals. However, this friend had trouble pronouncing ma’s name as such the tourist nicknamed ma jack a name that’s still used by the billionaire today. Ma would later attempt to enter the hanzo teachers college however he failed the entrance exam twice due to his weakness in mathematics but the third time’s a charm as ma passed the exam in 1984. he then graduated in 1988 with a degree in English after graduating moss struggled to find work. he stated he applied for 30 jobs but was rejected from them all including a job with KFC where every other person that applied was accepted but he ma eventually managed to secure a job as a teacher of English in what is now known as Hanjo Diante university.mas stated that after graduating he unsuccessfully applied to study at Harvard business school10 times.in 1994 with the internet boom underway ma started up his company Hanzo highway translation agency. during a trip to us ma saw that there was a lack of Chinese websites online.so in 1995 upon his return to china, he created his next company china pages who created websites for Chinese businesses.in 1999 after leaving a job with the government mos set up Alibaba with 17 friends. it was originally a Chinese business to business marketplace now Alibaba is one of the biggest e-commerce companies in the world by 2005 yahoo was attracted to Alibaba they’re like hey Alibaba how you doing no they ended up investing 1 billion dollars into the company for a 40% stake. yeah attracted to their money also created companies alipay lynx alimama and taba ma eventually walked away as chairman from Alibaba in2019 to focus on his philanthropic interests. although he remains on the board after criticizing the Chinese government in October 2020.ma vanished he reappeared in january2021the exact reason for his disappearance is unknown most likely he knows the internet has amnesia say something stupid you can come back people forget that you even said it.oday moss sits on a net worth estimated to be 62.1 billion dollars final fact finish since the global event took over the billionaires in theu.s have become even richer according to reports 660 of the richest people have had their wealth increase by a collective 1.1 trillion dollars which is an increase of 40 percent 46 of those 660 people only became billionaires due to the events thanks for joining us today we’ll see you next time

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