11 comments

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  Patrick

  1 year ago

  I think a higher proportion of the younger billionaires are coming from the East because their economies are booming right now. They are experienceing an economical revolution in many of those countries right now, and there are a lot of opportunities in real estate, manufacturing, and energy. I expect we will see a lot of growth in the East in the coming years and decades.
  
  As a side note, many MBA programs offer classes centering on the economics of some of the regions you mentioned.
  
  But I'm not interested in being a billionaire - I'm working on hitting that trillion dollar mark! ;)
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  plonkee

  1 year ago

  Are you sure they can't shoot lasers from their eyes?
  
  In all cases if you want to be very wealthy, you need some luck - at the very least an absence of bad luck as well as all the hard work and so on.
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  Money Socket

  1 year ago

  Great post, good insight and very motivating. After all, these guys put their pants on the same way we all do right? I think there are plenty of opportunity in up and coming economies and cultures. Imagine introducing just something simple, which we take for granted, to an up and coming country. The possibilities are endless.
  
  Money Socket's last blog post..Incraese Productivity By Batching Related Tasks
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  guinness416

  1 year ago

  It must be a little easier to get rich in China and India because of being allowed to pay people working for you absolute peanuts in steel and construction and whatever other industries. I imagine that was true of potato farming in the fourties too.
  
  John Simplot looks good for 98, doesn't he? I wonder is it the money or the hard work. If it's the potatoes, then I may be around for a while yet!
  
  And a lot of the "billionaire bachelors" linked from that article you linked to have never been married at all. I suppose they're married to their work to an extent. I wouldn't swap my husband for a billion bucks!
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  Matt Wolfe

  1 year ago

  That's an interesting article. I don't quite believe that those guys can't shoot lasers beams from their eyes. If they can't already, I'd say they are darn close. With the technology they have available to them, it will happen.
  
  On a less serious note, I do agree that other countries are having and economical revolution. They may be doing it through standards, that in the U.S., may not be considered ethical but nonetheless, that is their culture and, like in the U.S., the ones that take the risks are the ones that are seeing the rewards. I also agree that it's very interesting to think about all the possibilities to build wealth. So many people seem to think that you need to be an internet genius or a real estate mogul to grow your wealth but there are so many, less than glamorous, jobs out there that are making people filthy, stinking rich.
  
  Great Post...
  
  Matt Wolfe's last blog post..Something to Aim For
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  ryan

  1 year ago

  to comment on the previous poster who mentioned luck:
  
  luck is where preparation and opportunity meet.
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  farouk

  1 year ago

  i like this post, so i dont have to invent an ipod in order to be a billionares
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  AJC @ 7million7years

  1 year ago

  You mean I can take OFF my uber-cool X-men sunnies???
  
  ... but, I still think that the internet is the best way for Inter-Noob's to hang out their shingle - and, a blog is a great way to get feedback and seed traffic for it (but, not the best way to actually try and MAKE it).
  
  So, if I had my time over again - actually, I do have 'my time over' ;) - I would do it via the Internet (and, am ... two in the works + blog + new 7m7y.com 'secret project') ...
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  deepali

  1 year ago

  You also have to be willing to step on the backs of the less fortunate... at least that's how my peeps do it! Though, it's kind of counterfactual....
  
  I actually started a post about this list (or an updated version of it) a while back. One thing I've noticed is that some people have a long residence time on the list, and some people cycle in and out quickly. What's the difference between these two types?
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  Steve (Brip Blap)

  1 year ago

  @deepali: It's actually something as unglamorous as the way wealth is measured. If you measured me in terms of my income I'm showing a slow steady climb. If you measured me in terms of net worth, I'm showing ups and downs from cash + investments.
  
  I'd be willing to bet that most of the people who are based on paper fortunes cycle in and out; most of the people who are centered on assets do not. Just a guess, though.
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  Guerilla Billionaire™

  8 months ago

  Hello,
  
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  Could I have you add a link to Guerilla Billionaire™?
  
  Best regards,
  
  Peter
  reply