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

From all my working with larger real estate clients, the norm seems to be building up quite a portfolio over a lifetime then having it pass to the next generation.

I know many self-made millionaires from real estate. They all followed a very simple process of buying low or during the bottom of a cycle, then reselling for max profit. OR they held them for a very long time (20-30 years).

Granted, this is for millionaires and not billionaires. I'm completely convinced that anyone can build up $5m to $25m in real estate investments in their lifetime without any special skills. Just learning to leverage & make wise choices.
 


ITT: Thousandaires giving advice on how to become billionaire

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papajohn56 said:
So many of these are illiquid, so it kind of negates what you're looking for
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Exactly.

But besides that, I'm not sure there's anyone who exists that is a liquid billionaire.

No one that generates a billion dollars said "I'm going to make a billion dollars". Once you get to that level of wealth it's usually based on something that was created and used by people at an exponential rate (i.e. Microsoft, Facebook, Ford, McDonalds, etc). At that point, it's not within your control.

Focus on making something valuable and great - not a billion dollars.
 
Total dominance in ___________ and great connections

If you're not talking billions, the quickest way to big, big money I have seen actually play out before me has been investment in developing economies. In my experience it's easier to maintain market share in a booming industry than it is to steal market share in an already huge industry.
 
Paper_Chase said:
How has this not been mentioned yet.....Drug Dealing.

/thread
/soul
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yes, that's an example of a way to become a billionaire from the profits of the business model itself, but its illegal.

Are there any legal billionaires that have become billionaires soley from the profits of the business model itself besides the examples I gave?

papajohn56 said:
So many of these are illiquid, so it kind of negates what you're looking for
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what is illiquid? what are you referring to?

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P.S. stop posting links/talking about Felix Dennis, he's a whiny baby and NOT a billionaire. He doesn't belong in this thread.
 
Liquid assets, which you asked for, usually refers to either cash or something that can easily be turned into cash, like savings accounts.

What you mostly outlined in your opening post are not liquid assets, hence illiquid.
 
NetMillion said:
yes, that's an example of a way to become a billionaire from the profits of the business model itself, but its illegal.

Are there any legal billionaires that have become billionaires soley from the profits of the business model itself besides the examples I gave?
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See major pharmaceutical companies. . .
 
4. Build/buy big real estate for cheap, and resell or lease out.

is far from 'not having money'.
imo hedge fund is one of best options from the list u gave. 1 also sucks. copany ha to 1st make sense to sell it for 1b.
 
Roman became rich because he had connections with the government. They basically gave them the companies for almost nothing.

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....
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Technology... nothing else scales the same way, has a low barrier to entry, etc. I can name several emerging industries where someone is going to create a startup that will dominate the industry (mix of luck/skill) and will go from regular joe to billionaire in the next 10 years:
- Mobile payments
- Medical tourism
- 3d printing
- SoLoMo
 
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