Most Common Way To Become a Self-Made Liquid Billionaire?

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NetMillion

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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
 


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.
 
NetMillion said:
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
Click to expand...

informative but technology should be in top
 
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....
 
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

/thread
 
Sevenhelmets said:
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....
Click to expand...


You mean through smuggling, theft and (allegedly) murder?
 
What? That's easy.

1. Wait for danke to deliver
2. Read the thread's TL;DR
3. ???
4. Wake up a billionaire
 
[ame=http://www.amazon.com/How-Get-Rich-Greatest-Entrepreneurs/dp/1591842719/ref=sr_1_1?ie=UTF8&qid=1354042992&sr=8-1&keywords=felix+dennis]How to Get Rich: One of the World's Greatest Entrepreneurs Shares His Secrets: Felix Dennis: 9781591842712: Amazon.com: Books[/ame]
 
376629_270810586364333_439812128_n.jpg
 
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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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).
 
Jon said:
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.
Click to expand...

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.
 
4. Build/buy big real estate for cheap, and resell or lease out.
Click to expand...

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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