How to Become a Billionaire—Advice From the Source
How do you become a billionaire? It is an insurmountable feat few will ever achieve, but that doesn’t make it any less appealing. Only billionaires truly know how to become a billionaire, and even they sometimes marvel at their own wealth. The Business Rich has examined advice from the source—three of the richest in the world.
Read on to feed your knowledge of wealth with tips on how to become a billionaire from Bill Gates, Warren Buffet and Larry Ellison.
I didn’t start out with dream of being super-rich. Even after we started Microsoft we looked at guys running Intel and thought, wow, that must be strange (to be rich). It is, sort of strange… But being ambitious is good. You just have to pick what you enjoy doing.
Bill Gates has a net worth of $76 billion as of March 2014, making him once again the richest man in the world. Gates is an advocate of business with heart. According to Gates, ambition, smarts and ultimately doing what you love is how you become a billionaire (at least in his case).
Ignore the chatter, keep your costs minimal, and invest in stocks as you would a farm… In the 20th century, the Dow Jones industrial average advanced from 66 to 11,497, paying a rising stream of dividends to boot. The 21st century will witness further gains, almost certain to be substantial.
Warren Buffet has a net worth of $58.2 billion. According to Buffet, purchasing Benjamin Graham’s book The Intelligent Investor is how to become a billionaire. He recently attributed buying the book in 1949 to his success. Buffet is an advocate of keeping your head down and eye on long-term goals, not short-term gains.
There’s a wonderful saying that’s dead wrong. ‘Why did you climb the mountain? I climbed the mountain because it was there.’ That’s utter nonsense. You climbed the mountain because you were here and you were curious if you could do it. You wondered what it would be like.
Oracle’s Larry Ellison has a net worth of $48 billion, but he is far from complacent. Ellison is still as competitive and curious as ever, and it isn’t for the money. He has said he works hard because he loves to be first, and it is that drive that has allowed him to be where he is today. His advice? Keep climbing the mountain.
While following their leads won’t necessarily make you become a billionaire, they are certainly motivating. After all, none of these men knew they were going to become billionaires. You never know if your invention, business idea or investments will make you rich.