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Old 11-27-2012, 12:25 PM   #1 (permalink)
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Interesting Most Common Way To Become a Self-Made Liquid Billionaire?

The other day I was wondering: what is the most common way someone becomes a self-made liquid billionaire?

By self-made I mean the person did not marry into the money, inherit the money, or receive any business from their dad. By liquid I mean the person is able to have $1b in their bank account cash if they wanted (before taxes).

I've thought about this before but never found a solid answer. I figure someone here has thought about this before too so I figured I would ask here.

Here's some common methods I know off the top of my head:

1. Start a company and 1) go public and sell off your shares, or 2) sell company to a bigger company for $1b or more
2. Start a hedge fund (trade stocks with others money and take percentage)
3. Start a private equity firm (buy whole companies with others money and resell)
4. Build/buy big real estate for cheap, and resell or lease out.

I left out "investing in company in the early stage and sell off your portion when it gets big or goes public" because this requires your own significant amount of money to do this and I don't think people usually borrow money to invest in start ups. Or do I have it wrong?

Also, I understand some pussies on here are thinking "it's not that easy you idiot", and I understand that, so save your breathe.

So here's the questions:

1) Is there any more ways that I'm missing to become a self-made liquid billionaire as common as these above?

2) this might seem like a silly question, but does anyone actually become a liquid billionaire from the PROFITS produced by their company's business model? (besides #2, #3, and #4) Or is it always from selling out to a bigger company or going public? My guess would be "yes" but you don't hear about this as much. Someone is usually coined a "billionaire" because they would be if they sold the company.

3) which method has created the most self-made liquid billionaires? I would guess #1 but not sure.

Here are the most common industries that have created billionaires globally (taken from forbes) but it still doesn't answer my questions above:

Global Top 10 Industries Producing Forbes Billionaires

1. Investments: 143
2. Fashion & Retail: 123
3. Real Estate: 102
4. Diversified: 97
5. Technology: 90
6. Manufacturing: 85
7. Energy: 78
8. Finance: 77
9. Food & Beverage: 69
10. Media: 64
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Old 11-27-2012, 01:12 PM   #2 (permalink)
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Was thinking of making a similiar thread. interested in knowing other people's thought.

I always thought that the first option was the most common one.

found a company -> sell it to a bigger company.
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Old 11-27-2012, 01:15 PM   #3 (permalink)
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Quote:
Originally Posted by NetMillion View Post
The other day I was wondering: what is the most common way someone becomes a self-made liquid billionaire?

By self-made I mean the person did not marry into the money, inherit the money, or receive any business from their dad. By liquid I mean the person is able to have $1b in their bank account cash if they wanted (before taxes).

I've thought about this before but never found a solid answer. I figure someone here has thought about this before too so I figured I would ask here.

Here's some common methods I know off the top of my head:

1. Start a company and 1) go public and sell off your shares, or 2) sell company to a bigger company for $1b or more
2. Start a hedge fund (trade stocks with others money and take percentage)
3. Start a private equity firm (buy whole companies with others money and resell)
4. Build/buy big real estate for cheap, and resell or lease out.

I left out "investing in company in the early stage and sell off your portion when it gets big or goes public" because this requires your own significant amount of money to do this and I don't think people usually borrow money to invest in start ups. Or do I have it wrong?

Also, I understand some pussies on here are thinking "it's not that easy you idiot", and I understand that, so save your breathe.

So here's the questions:

1) Is there any more ways that I'm missing to become a self-made liquid billionaire as common as these above?

2) this might seem like a silly question, but does anyone actually become a liquid billionaire from the PROFITS produced by their company's business model? (besides #2, #3, and #4) Or is it always from selling out to a bigger company or going public? My guess would be "yes" but you don't hear about this as much. Someone is usually coined a "billionaire" because they would be if they sold the company.

3) which method has created the most self-made liquid billionaires? I would guess #1 but not sure.

Here are the most common industries that have created billionaires globally (taken from forbes) but it still doesn't answer my questions above:

Global Top 10 Industries Producing Forbes Billionaires

1. Investments: 143
2. Fashion & Retail: 123
3. Real Estate: 102
4. Diversified: 97
5. Technology: 90
6. Manufacturing: 85
7. Energy: 78
8. Finance: 77
9. Food & Beverage: 69
10. Media: 64
informative but technology should be in top
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Old 11-27-2012, 01:19 PM   #4 (permalink)
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Just do what Oprah did.
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Old 11-27-2012, 01:20 PM   #5 (permalink)
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Just do what Oprah did.
I was going to say Sir Richard Branson
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Old 11-27-2012, 01:25 PM   #6 (permalink)
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You missed one of the most common ways:

Getting rich off natural resources - oil, gas, diamonds etc. Russian Roman Abramovich is a perfect example of this, he came from nothing, but essentially was in the right place at the right time....
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Old 11-27-2012, 01:29 PM   #7 (permalink)
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So many of these are illiquid, so it kind of negates what you're looking for
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Old 11-27-2012, 01:50 PM   #8 (permalink)
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Quote:
Originally Posted by bizkiller View Post
Was thinking of making a similiar thread. interested in knowing other people's thought.

I always thought that the first option was the most common one.

found a company -> sell it to a bigger company.
That's what makes you a millionaire.
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Old 11-27-2012, 01:57 PM   #9 (permalink)
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Oil Fracking.

By about 2020, the United States will overtake Saudi Arabia as the world’s largest oil producer and put North America as a whole on track to become a net exporter of oil as soon as 2030, according to a report from the International Energy Agency.

U.S. poised

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Old 11-27-2012, 01:57 PM   #10 (permalink)
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Quote:
Originally Posted by Sevenhelmets View Post
You missed one of the most common ways:

Getting rich off natural resources - oil, gas, diamonds etc. Russian Roman Abramovich is a perfect example of this, he came from nothing, but essentially was in the right place at the right time....

You mean through smuggling, theft and (allegedly) murder?
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Old 11-27-2012, 01:58 PM   #11 (permalink)
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What? That's easy.

1. Wait for danke to deliver
2. Read the thread's TL;DR
3. ???
4. Wake up a billionaire
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Old 11-27-2012, 02:03 PM   #12 (permalink)
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Old 11-27-2012, 02:05 PM   #13 (permalink)
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Originally Posted by JoseArmando View Post
What? That's easy.

1. Wait for danke to deliver
2. Read the thread's TL;DR
3. ???
4. Wake up a billionaire
Goddammit, came here to post that.
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Old 11-27-2012, 02:10 PM   #14 (permalink)
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Step 1: get shovel
Step 2: start digging
Step 3: ???
Step 4: profit
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Old 11-27-2012, 02:20 PM   #15 (permalink)
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1. Be a fat, old lady
2. Become a bus monitor
3. Get berated by kids on bus
4. Get it posted on YouTube
5. Set up a Paypal donation button
6. Billionaire Status
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Old 11-27-2012, 02:37 PM   #16 (permalink)
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Old 11-27-2012, 02:45 PM   #17 (permalink)
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There is no "one solution" or "one way" to go about accomplishing this.

The way I see it.. There are five primary ways. You can break each one down and mix and match, but these are the primaries for sure.

Primaries:
1. Someone/something gifts/rewards it to you.
2. You earn it through working/building/buying/brown nosing your way to the top.
3. You steal, cheat, lie your way to acquire it.
4. Just plain blind and dumb perfect timing/perfect storm luck.
5. You invent a new form of currency creation/trading, sell it to the world, and they buy into it forever.

Now, after realizing and accepting those five primaries, here is what I think someone needs the least of, in the most general sense. I'm being 100% serious too, not trying to be cute about it...

1. Have access to cheap, readily available cash/credit to borrow and leverage the shit out of.
2. Have one hell of a network of well connected friends/associates.
3. Be jaded to a degree. Also helps if you can throttle the lack of empathy card.
4. Have the ability to think quickly, and wisely, in real time.
5. Have REAL self-confidence.
6. Know your weaknesses and your strengths alike, and know when its best to leverage them.
7. Have one hell of a solid inner circle team.
8. Have and maintain a constant state of respect, fear, and aggressiveness when it comes to your goals, your competitors, and the world around you.
9. Be able and willing to negotiate everything and anything.
10. Have the ability yourself or access to people with the ability to produce ideas, products, services that at least give your organization the perception of being worth it, cutting edge, unique, creative, brilliant, etc.
11. Manage your risk better than anyone you know of, and never share your secrets. Ever.
12. Sell your soul. You won't be needing it where you're going.
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Old 11-27-2012, 03:08 PM   #18 (permalink)
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Interesting thread but what about not self-made?

Not self-made rich people made money the old fashioned way. They inherited it from their family (not from Nigerians).
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Old 11-27-2012, 03:35 PM   #19 (permalink)
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Quote:
Originally Posted by Jon View Post
There is no "one solution" or "one way" to go about accomplishing this.

The way I see it.. There are five primary ways. You can break each one down and mix and match, but these are the primaries for sure.

Primaries:
1. Someone/something gifts/rewards it to you.
2. You earn it through working/building/buying/brown nosing your way to the top.
3. You steal, cheat, lie your way to acquire it.
4. Just plain blind and dumb perfect timing/perfect storm luck.
5. You invent a new form of currency creation/trading, sell it to the world, and they buy into it forever.

Now, after realizing and accepting those five primaries, here is what I think someone needs the least of, in the most general sense. I'm being 100% serious too, not trying to be cute about it...

1. Have access to cheap, readily available cash/credit to borrow and leverage the shit out of.
2. Have one hell of a network of well connected friends/associates.
3. Be jaded to a degree. Also helps if you can throttle the lack of empathy card.
4. Have the ability to think quickly, and wisely, in real time.
5. Have REAL self-confidence.
6. Know your weaknesses and your strengths alike, and know when its best to leverage them.
7. Have one hell of a solid inner circle team.
8. Have and maintain a constant state of respect, fear, and aggressiveness when it comes to your goals, your competitors, and the world around you.
9. Be able and willing to negotiate everything and anything.
10. Have the ability yourself or access to people with the ability to produce ideas, products, services that at least give your organization the perception of being worth it, cutting edge, unique, creative, brilliant, etc.
11. Manage your risk better than anyone you know of, and never share your secrets. Ever.
12. Sell your soul. You won't be needing it where you're going.
This, plus be insanely lucky. Whatever you do, it's statistically extremely unlikely you'll end up a billionaire.

dsm56 linked to "How To Get Rich", which is one of my favourite books. I have a copy on my desk. In it, pretty early on, Felix Dennis says that no book can teach you how to become a billionaire. Becoming a multi-millionaire, though, is do-able (according to him), following at least some of the 12 steps above, with only a moderate amount of luck.
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Old 11-27-2012, 04:49 PM   #20 (permalink)
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4. Build/buy big real estate for cheap, and resell or lease out.
You might want to change this to leveraged buyout or merging and acquisition since it could be done not only with real estate but real business as well.
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Old 11-27-2012, 04:54 PM   #21 (permalink)
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From all my working with larger real estate clients, the norm seems to be building up quite a portfolio over a lifetime then having it pass to the next generation.

I know many self-made millionaires from real estate. They all followed a very simple process of buying low or during the bottom of a cycle, then reselling for max profit. OR they held them for a very long time (20-30 years).

Granted, this is for millionaires and not billionaires. I'm completely convinced that anyone can build up $5m to $25m in real estate investments in their lifetime without any special skills. Just learning to leverage & make wise choices.
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Old 11-27-2012, 05:08 PM   #22 (permalink)
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ITT: Thousandaires giving advice on how to become billionaire

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Old 11-27-2012, 05:19 PM   #23 (permalink)
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So many of these are illiquid, so it kind of negates what you're looking for
Exactly.

But besides that, I'm not sure there's anyone who exists that is a liquid billionaire.

No one that generates a billion dollars said "I'm going to make a billion dollars". Once you get to that level of wealth it's usually based on something that was created and used by people at an exponential rate (i.e. Microsoft, Facebook, Ford, McDonalds, etc). At that point, it's not within your control.

Focus on making something valuable and great - not a billion dollars.
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Old 11-27-2012, 06:12 PM   #24 (permalink)
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Total dominance in ___________ and great connections

If you're not talking billions, the quickest way to big, big money I have seen actually play out before me has been investment in developing economies. In my experience it's easier to maintain market share in a booming industry than it is to steal market share in an already huge industry.
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Old 11-27-2012, 06:33 PM   #25 (permalink)
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How has this not been mentioned yet.....Drug Dealing.

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Old 11-27-2012, 06:56 PM   #26 (permalink)
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How has this not been mentioned yet.....Drug Dealing.

/thread
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yes, that's an example of a way to become a billionaire from the profits of the business model itself, but its illegal.

Are there any legal billionaires that have become billionaires soley from the profits of the business model itself besides the examples I gave?

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So many of these are illiquid, so it kind of negates what you're looking for
what is illiquid? what are you referring to?

----------

P.S. stop posting links/talking about Felix Dennis, he's a whiny baby and NOT a billionaire. He doesn't belong in this thread.
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Old 11-27-2012, 07:05 PM   #27 (permalink)
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Liquid assets, which you asked for, usually refers to either cash or something that can easily be turned into cash, like savings accounts.

What you mostly outlined in your opening post are not liquid assets, hence illiquid.
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Old 11-27-2012, 07:06 PM   #28 (permalink)
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sweet mother.
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Old 11-27-2012, 07:15 PM   #29 (permalink)
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Arms dealer.
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Old 11-27-2012, 08:26 PM   #30 (permalink)
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yes, that's an example of a way to become a billionaire from the profits of the business model itself, but its illegal.

Are there any legal billionaires that have become billionaires soley from the profits of the business model itself besides the examples I gave?
See major pharmaceutical companies. . .
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Old 11-27-2012, 08:42 PM   #31 (permalink)
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You need to at least be a hundredaire before trying to become a billionaire
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Old 11-27-2012, 09:02 PM   #32 (permalink)
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4. Build/buy big real estate for cheap, and resell or lease out.

is far from 'not having money'.
imo hedge fund is one of best options from the list u gave. 1 also sucks. copany ha to 1st make sense to sell it for 1b.
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Old 11-27-2012, 09:07 PM   #33 (permalink)
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Roman became rich because he had connections with the government. They basically gave them the companies for almost nothing.

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You missed one of the most common ways:

Getting rich off natural resources - oil, gas, diamonds etc. Russian Roman Abramovich is a perfect example of this, he came from nothing, but essentially was in the right place at the right time....
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Old 11-27-2012, 09:26 PM   #34 (permalink)
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Is that Japanese billionaire's lesbian daughter still single?
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Old 11-27-2012, 09:30 PM   #35 (permalink)
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Hong Kong's businessman.

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Is that Japanese billionaire's lesbian daughter still single?
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Old 11-27-2012, 10:31 PM   #36 (permalink)
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Are there any Internet Marketing mad billionaires?
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Old 11-27-2012, 10:38 PM   #37 (permalink)
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Are there any Internet Marketing mad billionaires?
No, because IM is solely a voluntary work, and no one is receiving any kind of monetary compensation for that.
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Old 11-27-2012, 11:42 PM   #38 (permalink)
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Are there any Internet Marketing mad billionaires?
Larry and Sergey. . .
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Old 11-27-2012, 11:51 PM   #39 (permalink)
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Technology... nothing else scales the same way, has a low barrier to entry, etc. I can name several emerging industries where someone is going to create a startup that will dominate the industry (mix of luck/skill) and will go from regular joe to billionaire in the next 10 years:
- Mobile payments
- Medical tourism
- 3d printing
- SoLoMo
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Old 11-28-2012, 12:27 AM   #40 (permalink)
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Larry and Sergey. . .
Google is in Internet technology, not Internet marketing.
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Old 11-28-2012, 12:39 AM   #41 (permalink)
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Google is in Internet technology, not Internet marketing.
Sure, but all of their revenue comes from advertising or it did before launching physical products and operating systems. They're not marketers per se, but their billions have come directly from the Internet marketing industry. I guess I should have said they are the closest thing to IM billionaires. . .
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Old 11-28-2012, 12:51 AM   #42 (permalink)
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LOL @ this.

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Sure, but all of their revenue comes from advertising or it did before launching physical products and operating systems. They're not marketers per se, but their billions have come directly from the Internet marketing industry. I guess I should have said they are the closest thing to IM billionaires. . .
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Old 11-28-2012, 12:54 AM   #43 (permalink)
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Technology... nothing else scales the same way, has a low barrier to entry, etc. I can name several emerging industries where someone is going to create a startup that will dominate the industry (mix of luck/skill) and will go from regular joe to billionaire in the next 10 years:
- Mobile payments
- Medical tourism
- 3d printing
- SoLoMo
You don't know what you're talking about but yea, technology is the future.


I come from a family that's pretty connected. I know atleast 4 real - life billionaires and none of them made money from technology. (yea, know them personally)
These are real people who've made a real billion.


From people I really know and what I know about their businesses, they hit their jackpots in the following fields and then just went on buying off more companies or investing in other businesses.
- Pharmaceuticals - I don't think they have a website
- Commodity Exchange (well, he is from India but makes his money from you suckers in the US and middle east)
- Alcohol manufacturing
- Luxury home interiors

You go to their websites and they're absolutely crap! These are people who can shit our a $250,000 S class and gift it off (yea, that's what it costs in India). But their websites still look like shit!
Here's an example: Swati Interior
There's a very large gap between the tech generation and the old school generation.

We can't make any money without technology and they think technology can make them no money.

There are a lot of other fields where a tonne of easy money is made, but technology is just super-hyped because of Mark zuckerburg and Bill gates and the likes. There are unsung billionaires in every industry. They just don't like attracting the lime light.

We overestimate technology. Very few people really make billions as compared to what people make in the old-school non-tech related businesses.

This might be because technology is still in its infancy.

I don't think the Directi dude has made it to the 1billion mark yet. (Not sure..)

A billion is a lot lot of money.
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Old 11-28-2012, 01:38 AM   #44 (permalink)
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Larry and Sergey. . .
Where can I buy their WSO?
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Old 11-28-2012, 02:32 AM   #45 (permalink)
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By self-made I mean the person did not marry into the money, inherit the money, or receive any business from their dad. By liquid I mean the person is able to have $1b in their bank account cash if they wanted (before taxes).

Quite a few billionaires wouldnt be able to have 1 bill liquid, because they would lose control over their companies, case in point- Larry Ellison of Oracle.
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Old 11-28-2012, 02:45 AM   #46 (permalink)
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Step 1. Go to India
Step 2. Suck each penis in the country for $1 each.
Step 3. Self-made, liquid billionaire
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Old 11-28-2012, 04:06 AM   #47 (permalink)
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You don't know what you're talking about
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Old 11-28-2012, 05:24 AM   #48 (permalink)
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Dum Dum knows 4 billionaires personally, yeah bro....no shit!
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Old 11-28-2012, 07:33 AM   #49 (permalink)
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1. Start a company and 1) go public and sell off your shares, or 2) sell company to a bigger company for $1b or more
Yes, this is the more common these days especially with tech/ internet startups

2. Start a hedge fund (trade stocks with others money and take percentage)
There are too many and almost every banker/finance guy or gal who has gained enough experience/contacts in blue chip Wall Street firm wants to start hedge fund. Chances of becoming billionaire this way is slim contrary to all the happy success stories you read. For every 1 successful guy/girl there are probably another 99 lying on streets or bankrupt

3. Start a private equity firm (buy whole companies with others money and resell)
Similar to 2.
4. Build/buy big real estate for cheap, and resell or lease out.
You need to buy and sell tonnes of properties to hit $1 billiion profits. Maybe faster that you start a real estate property firm or REIt and buy those cheap real estate in US, lease them out and then wait for real estate boom in US to come. The catch is you need big big capital like millions to start up. Let us say you expect property prices to double 5 years from now which means you need $1 billion worth of real estate to make $1 billion profit (assuming your rentals enough to cover your interest cost/maintenance etc). If gear up and get bank financing (which isn't easy to get) you have to fork out 20% of 200 million capital. You will have to beg borrow or steal or could of course look for a rich backer to invest in your idea
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Old 11-28-2012, 07:47 AM   #50 (permalink)
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This is just stupid. It's like me asking my cleaning lady how to fix a car.

Or it's like me taking gardening advice from a plumber.
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