The Ultimate Investor

So the question remains, how does a person like Bill Gates become the richest businessperson in the world in his thirties? Or how does Warren Buffet become the richest investor in America? Both men came from middle-class families so they were not handed the keys to the family vault. Yet, without great family wealth behind them, they rocketed to the apex of wealth within a span of a few years. How? They did it how many of the ultra-rich have done so in the past and will be doing so in the future. They became ultimate investors by creating an asset that is worth billions of dollars.

The September 27, 1999, issue of Fortune ran a cover story titled "Young and Rich, the 40 wealthiest Americans under 40." Some of these young billionaires are:

Position

Name

Age

Wealth

Business

#1

Michael Dell

34

$21.5 billion

Dell Computer

#2

Jeff Bezos

35

$5.7 billion

Amazon.com

#3

Ted Waitt

36

$5.4 billion

Gateway Computer

#4

Pierre Omidyar

32

$3.7 billion

eBay

#5

David Filo

33

$3.1 billion

Yahoo!

#6

David Yang

30

$3.0 billion

Yahoo!

#7

Henry Nicholas

39

$2.4 billion

Broadcom

#8

Rob Glaser

37

$2.3 billion

RealNetworks

#9

Scott Blum

35

$1.7 billion

Buy.com

#10

JeffSkoll

33

$1.4 billion

eBay

You may notice that the top 10 of the top 40 young rich are from computer or Internet companies. Yet there were other types of businesses listed as well:

#26 John Schattner 37 $403 million Papa John's Pizza #28 Master P 29 $361 million Recording star

#29 Michael Jordan 36 $357 million Sports star

I find it interesting to note that the non-Internet-related rich people came from businesses such as a pizza company, the rap music business, and sports. Everyone else was in computers or the Internet.

Bill Gates and Warren Buffet did not make the list because they were over 40. In 1999, Bill Gates was 43 and worth $85 billion. Warren Buffet was 69 and worth $31 billion, according to Forbes.

Rules Of The Rich And Wealthy

Rules Of The Rich And Wealthy

Learning About The Rules Of The Rich And Wealthy Can Have Amazing Benefits For Your Life And Success. Discover the hidden rules and beat the rich at their own game. The general population has a love / hate kinship with riches. They resent those who have it, but spend their total lives attempting to get it for themselves. The reason an immense majority of individuals never accumulate a substantial savings is because they don't comprehend the nature of money or how it works.

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