How Did So Many Get So Rich?

Carlos Slim Helu
Worlds Richest Man 2011 - Forbes Magazine

How did so many get so rich?

The ranks of the super rich are exploding. There are 500 U.S. billionaires today, up from 13 a few decades ago. But what did these folks do to accumulate so much wealth?

Some started out poor, others didn't finish college, and many failed before succeeding.

Yet, they overcame their hurdles and rose to the top. More important, are they so different from the rest of us?

U.S. News uncovers the top 7 Secrets of the Super Rich....

1. Perseverance beats education.
“Smartness is an ability to absorb new facts. To ask an insightful question. A capacity to remember. To relate to domains that may not seem connected at first.” – Bill Gates
“I think I overcame every single one of my personal shortcomings by the sheer passion I brought to my work. I don’t know if you are born with this kind of passion or if you can learn it. But I do know you need it.” – Sam Walton
2. Make your own luck.
“I don’t consider myself to be lucky. I think luck is preparation meeting a moment of opportunity.” – Oprah Winfrey
Luck can also be defined as having vision or being flexible or forward thinking. – Anna Isgro
“I don’t remember any mistakes, only the opportunity to overcome problems.” – James Sorenson
“Vision is what determines who will be a leader. Great leaders can see how a situation will play out and take action in response.” – Robert Kiyosaki
3. Gamble, but wisely.
“People who win are careful with their thoughts, not saying ‘I can’t do that.’ Or ‘It’s too risky.’ Or ‘I can’t afford it.’ Instead they say, ‘How can I do that?’ Or ‘How can I reduce my risk?’ Or ‘How can I afford it?’” – Robert Kiyosaki
4. Know your market…intimately.
“Experts have more highly differentiated cognitive abilities. They can see opportunities others can’t and figure out how to turn them into a business.” – Kelly Shaver
5. Focus obsessively
“The rich don’t base their actions on what’s easy and convenient.” – T. Harv Eker
“If you don’t know every aspect of what you are doing, down to the paper clips, you’re setting yourself up for some unwelcome surprises.” – Donald Trump
6. Timing is everything.
“I had zero expectations that the market was efficient or had a clue about what it was doing. So when I had the opportunity to protect myself, I did. – Mark Cuban
7. It’s not just (or even mostly) about the money.
“No one is saying that they don’t like wealth; but what matters more is the innovation, the intense commitment they have to an idea and the difference it can make. Money is the byproduct.” – Raphael Amit, Wharton

Top 50 Billionares in the World - Forbes Magazine 2011
Rank
Name
Net Worth
Age
Source
Country of Citizenship

1
Carlos Slim Helu & family $74 B 71 telecom Mexico
2
Bill Gates $56 B 55 Microsoft United States
3
Warren Buffett $50 B 81 Berkshire Hathaway United States
4
Bernard Arnault $41 B 62 LVMH France
5
Larry Ellison $39.5 B 67 Oracle United States
6
Lakshmi Mittal $31.1 B 61 Steel India
7
Amancio Ortega $31 B 75 Zara Spain
8
Eike Batista $30 B 54 mining, oil Brazil
9
Mukesh Ambani $27 B 54 petrochemicals, oil & gas India
10
Christy Walton & family $26.5 B 56 Walmart United States
11
Li Ka-shing $26 B 83 Diversified Hong Kong
12
Karl Albrecht $25.5 B 91 Aldi Germany
13
Stefan Persson $24.5 B 63 H&M Sweden
14
Vladimir Lisin $24 B 55 Steel Russia
15
Liliane Bettencourt $23.5 B 88 L'Oreal France
16
Sheldon Adelson $23.3 B 78 casinos United States
17
David Thomson & family $23 B 54 media Canada
18
Charles Koch $22 B 75 Diversified United States
18
David Koch $22 B 71 Diversified United States
20
Jim Walton $21.3 B 63 Walmart United States
21
Alice Walton $21.2 B 61 Walmart United States
22
S. Robson Walton $21 B 67 Walmart United States
23
Thomas & Raymond Kwok & family $20 B N/A real estate Hong Kong
24
Larry Page $19.8 B 38 Google United States
24
Sergey Brin $19.8 B 38 Google United States
26
Prince Alwaleed Bin Talal Alsaud $19.6 B 56 Investments Saudi Arabia
27
Iris Fontbona & family $19.2 B N/A Mining Chile
28
Lee Shau Kee $19 B 83 real estate Hong Kong
29
Alexei Mordashov $18.5 B 45 Steel Russia
30
Michael Bloomberg $18.1 B 69 Bloomberg United States
30
Jeff Bezos $18.1 B 47 Amazon United States
32
Michele Ferrero & family $18 B 84 chocolates Italy
32
Mikhail Prokhorov $18 B 46 Investments Russia
34
Vladimir Potanin $17.8 B 50 nonferrous metals Russia
35
Alisher Usmanov $17.7 B 58 steel, telecom, stocks Russia
36
Azim Premji $16.8 B 66 Software India
36
Oleg Deripaska $16.8 B 43 aluminum Russia
38
Michael Otto & family $16.6 B 68 Retail Germany
39
Rinat Akhmetov $16 B 44 steel, coal mines Ukraine
39
German Larrea Mota Velasco & family $16 B 57 Mining Mexico
39
John Paulson $16 B 55 hedge funds United States
42
Shashi & Ravi Ruia $15.8 B 67 Diversified India
43
Mikhail Fridman $15.1 B 47 oil, banking, telecom Russia
44
Michael Dell $14.6 B 46 Dell United States
44
Susanne Klatten $14.6 B 49 BMW, pharmaceuticals Germany
46
Steve Ballmer $14.5 B 55 Microsoft United States
46
George Soros $14.5 B 81 hedge funds United States
48
Berthold & Theo Jr. Albrecht & family $14.4 B N/A Aldi, Trader Joes Germany
49
Birgit Rausing & family $14 B 87 packaging Sweden
50
Vagit Alekperov $13.9 B 61 Lukoil Russia
51
Aliko Dangote $13.8 B 54 sugar, flour, cement Nigeria

Warm Regards,

Jared Dreyer, Your Mortgage Professional
604 649-5991
www.dreyergroup.ca
jared@dreyergroup.ca







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