The term ‘entrepreneur’ has its roots in the French word ‘entreprendre’ which means “to grab” Or “to take control”. In short, an entrepreneur is an individual who starts and runs a business, taking on financial risks in the hope of profit. Apart from this, entrepreneurs who have revamped industries revolutionized technology and managed to turn their ideas or dreams into reality.
Let’s delve into the lives and successes of some of the world’s most prominent and richest entrepreneurs. Forbes listed them world’s billionaire men or entrepreneurs.
- Elon Musk
- Bernard Arnault & Family
- Jeff Bezos
- Larry Ellison
- Warren Buffett
- Bill Gates
- Mark Zuckerberg
- Larry Page
- Sergey Brin
- Amancio Ortega
1- Elon Musk:
Elon Reeve Musk is a business magnate, successful investor, industrial designer, and engineer. He has successfully founded multiple groundbreaking companies such as Tesla, SpaceX, Neuralink, and The Boring CO. Tesla Inc. produces electric cars that reduce the use of fossil fuel, and due to this, the world can be saved from pollution.
Musk has had an immense impact on the tech industry, revolutionizing space exploration, achieving success with his various ventures, and inspiring others to pursue their passions. Musk recently launched a new AI company known as xAI. According to Elon Musk, AI is humanity’s “biggest existential” threat. The purpose of xAI is to develop safe and beneficial AI technologies so that AI does not become a threat to humans in the future. What made him successful? Musk never stops innovating, always ready to take risks and his main focus is to save humanity, that is why people called him “THE REAL IRON MAN”.
“Take the risk now and do something bold. You won’t regret it.” (Elon Musk)
2- Bernard Arnault & Family:
Bernard Jean Etienne Arnault is a French billionaire, businessman, and art collector. He was born to an industrial family in Roubaix, France. Bernard Jean Etienne Arnault is professionally known as Bernard Arnault. He is the chairman and CEO of the fashion aggregate LVMH, the world’s largest luxury goods company. LVMH stands for “Louis Vuitton Moët Hennessy”. LVMH has more than 70+ brands under its belt, including Louis Vuitton and Sephora. Arnault has an empire rooted in elegance, style, and luxury. He has become one of the most influential, wealthiest entrepreneurs globally. The root of his success is to think big. Arnault says:
“Money is just like a consequence. I always say to my team. Don’t worry about too much profitability. If you do your job well. The profitability will come.”
3- Jeff Bezos:
Jeff Bezos, renowned as the “King of Online Retail,” is a widely recognized figure in the industry”. He is the founder and CEO of e-commerce Goliath Amazon. Bezos started an online bookstore from his garage in 1994, and now it’s turned into a widely recognized online portal for shopping, where people can buy products from the A to Z categories. He has revolutionized e-commerce and continues to innovate in various industries. His entrepreneurial spirit and dedication have undoubtedly made a significant impact on the business world. Amazon’s success has made Bezos the richest person on the globe. Why he is still the most successful entrepreneur in the world? Bezos credits his success to the “customer obsession” philosophy of “A Relentless Focus on Customer Satisfaction.”
“There are two kinds of companies. Those that work to raise prices and those that work to lower them. We’ll be the second.” (Jeff Bezos)
4 – Larry Ellison:
Lawrence Joseph Ellison is commonly known as Larry Ellison. He is an American businessman, successful entrepreneur, and philanthropist who is a co-founder, executive chairman, and chief technology officer of Oracle Corporation, one of the best-known database system organizations in the world. He is a former college dropout who demonstrated his intelligence in the programming world. Known for his innovative leadership, he has played a significant role in shaping the software market. The lesson to learn from Ellison is “To believe in yourself”. During his career, Ellison sharpened his computer skills and programming expertise by enthusiastically taking on various roles and seizing opportunities. The turning point came when Ellison worked for Ampex company, which had a contract to build a database. With its recent achievement of Net Suite, it took a massive leap in cloud computing.
“You have to act and act now”. (Larry Ellison)
5- Warren Buffett:
Warren Edward Buffett exhibited incredible business capacities at a young age. Buffett is an American successful investor, business tycoon, and philanthropist. At the age of six, Buffett began to start selling while at this age, children like to play games. Buffett serves as both the chairman and CEO at Berkshire Hathaway. Berkshire Hathaway was a Textile Company now it is a holding company for a multitude of businesses. He can live a lavish life like others lives, but whatever Buffett earns from the business, he reinvests for the company’s growth. How kind-hearted he is. He has promised to donate 99% of his wealth to charities. What lesson do you examine from Buffett? Buffett has always valued time. At an early age, Buffett started different Entrepreneurial activities.
“The best investment you can make is an investment in yourself, the more you learn, the more you earn.” (Warren Buffett)
6- Bill Gates:
William Henry Gates, professionally known as Bill Gates, is one of the most recognized names in the world. Gates is an American business magnate, Software developer, author, successful investor, and philanthropist. He is the co-founder of Microsoft Corporation. Microsoft revolutionized the technology industry and propelled him to become one of the richest individuals in the world. He is also known for his philanthropic activities such as (the Melinda Foundation), heavily involved in vaccine research and other healthcare initiatives. The reason behind his success? He believed in “living your dream.” Since childhood, his fascination with computers has been unwavering. At the age of thirteen, he started working with computers and hacked his school computer. Gates dropped out of college to pursue his business Microsoft with partner Allen. Gates spent more of his time in the computer lab rather than in class.
“Don’t compare yourself with anyone in this world. If you do so, you are insulting yourself.”(Bill Gates)
7- Mark Zuckerberg:
Mark Elliot Zuckerberg is one of the youngest and richest entrepreneurs in the world. He is a famous American media magnate, successful internet entrepreneur, and philanthropist. He is the co-founder and chief executive of Facebook Inc. Facebook is without a doubt the #1 online media platform, which is used by everyone. Facebook is not just a single company in itself, rather Facebook acquired different kinds of companies to become a successful social media platform. Facebook’s biggest acquisition is a social network & messenger apps called Instagram & WhatsApp, respectively. That’s why Facebook is still the number 1 social media platform in the world. What is the key to Zuckerberg’s success? He always follows his passion. He is passionate about his profession. Zuckerberg is tech-savvy and continues to explore AI, VR, and other modern technologies. He has recently started working on a project called Metaverse, a virtual world where people connect, communicate, live, do business, and share information.
“People do not care about what you say, they care about what you build.” (Mark Zuckerberg)
8- Larry Page:
Larry Page, an esteemed American computer scientist, has garnered fame as a highly accomplished internet entrepreneur and dedicated philanthropist. He is best known as a co-founder of Google alongside his partner Sergey Brin. Larry Page is one of the incomparable Entrepreneurial Leaders of the modern world. He has altered the web business industry by allowing individuals to arrive at the data they need from billions of pages accessible on the web. Google is the biggest business in the world. He is somewhat of an Entrepreneur who empowered many thousands of other online business people to procure from their sites with the assistance of Google AdSense plot. What lesson do you take a look at from Larry? Determination to invent is always in Larry. Larry Page would be a motivation for future innovators and business visionaries for quite a while.
“Always work hard on something uncomfortably exciting”. (Larry Page)
9- Sergey Brin:
Sergey Mikhaylovich Brin who is popularly known as Sergey Brin is an American computer scientist and philanthropist. He partnered with Larry Page to establish the renowned search engine, Google. Sergey stepped down as president of Alphabet in December 2019 but continues to be a controller shareholder and board member. Alphabet Inc. is the corporate entity that acts as the parent organization for Google. The source of his success. Be focused on your work. It was at Stanford that Sergey met Larry, while both were students of computer science. To co-found Google Inc., they put their studies on hold. The same Google that we love today. Sergey contributions to the field of technology have been instrumental in shaping the way we use the internet today.
“Solving big problems is easier than solving little problems”. (Sergey Brin)
10- Amancio Ortega:
Amancio Ortega Gaona is a successful Spanish business magnate. He is the co-founder of Inditex, which runs the popular fashion chain, Zara. He is known for his remarkable success in the fashion industry and his philanthropic contributions. Ortega belonged to a poor family. At the age of fourteen, he stopped attending school and began working. He worked hard from his teen. His formula for success? One thing to learn from Ortega is to start small. At an early age, Ortega started his Entrepreneurial activities. Ortega did his first job at a local company, where he learned to make clothes by hand. At the age of sixteen, Ortega realized the best way to make money, Give customers what they want and need.
“I’ll keep working until the end.” (Amancio Ortega)
Bottom Line:
The success stories of these remarkable 10 entrepreneurs showcase the limitless possibilities of achieving greatness. So, dream big, work hard, and never underestimate your potential. However, A successful entrepreneur tries to identify the needs of the market and develop products and services according to the needs.
“To become a successful entrepreneur, you should start small and dream big.”