a few moments going through these Top 10 Rich Lists and just wonder what the hell you could do with just a fraction
of the billions of dollars these guys and gals have.
if your name is on one of these lists, I'd welcome any how-to-get-rich
tips you may like to share with my readers.
Founder of Rich-Bastards.com
You Meet With God
billionaire died and went to The Judgment. St. Peter met
him at the Gates of Heaven and said, "Before you meet with
God, I thought I should tell you -- we've looked at your
life, and your really didn't do anything particularly good
not at all sure what to do with you. Can you tell us anything
you did that can help us make a decision?"
billionaire thought for a moment and replied, "Yeah, once
I was driving along in my ferrari and came upon a woman
who was being harassed by a group of bikers. So I pulled
over, got out my tire iron, and went up to the leader of
the bikers. He was a big, muscular, hairy guy with tattoos
all over his body and a ring pierced through his nose. Well,
I tore the nose ring out of his nose, and told him he and
his gang had better stop bothering the woman or they would
have to deal with me!"
"I'm impressed," St. Peter responded, "When did this happen?"
two minutes ago," came the reply.
billionaire dies and goes to heaven. St. Peter meets him
at the Pearly Gates and checks him in.
he's registered, St. Peter says to him, "Look at the time:
you must be hungry! Heaven Cafeteria is serving lunch, why
don't you get yourself something to eat?"
billionaire goes to the cafeteria and notices the long line.
He immediately cuts in at the front, only to hear loud protests.
"I'm a billionaire" he says, "I'm a busy man, I don't have
time to wait in line."
The others say, "You're in heaven now, we're all the same
here, get to the back of the line and wait your turn!"
few weeks later, waiting patiently on line for lunch, the
billionaire notices a man come dashing in wearing a 3 piece
suit and accompanied by a 6 man entourage. He butts in at
the head of the line and no one utters a peep.
he says to the guy in front of him, "Who does that guy think
he is?" "Oh, that's God," says the guy, "He likes to play
With A Catch
guy found a bottle on the beach. He rubbed it and, sure
enough, out popped a genie.
will grant you three wishes," said the Genie. "But there's
a catch." "What catch?" he asked.
The genie replied, "Every time you make a wish, every politician
in the world will receive double what you asked for."
"Well, I can live with that! No problem!" replied the elated
is your first wish?" asked the Genie. "Well, I've always
wanted a Ferrari," he said. POOF! A Ferrari appeared in
front of the man. "Now, every politician in the world has
two Ferraris," said the genie.
wish?" "I'd love a billion dollars," replied the man. POOF!
One billion dollars appeared at his feet. "Now, every politician
in the world has two billion dollars," said the genie. "Well,
that's okay, as long as I've got my billion," replied the
is your final wish?" asked the genie. The man thought long
and hard, and finally said, "Well, you know, I've always
wanted to donate a kidney."
v. Rolls Royce
man from Texas, driving a Volkswagen Beetle, pulls up next
to a billionaire in a Rolls Royce at a stop sign. Their
windows are open and he yells at the billionaire, "Hey,
you got a telephone in that Rolls?"
billionaire says, "Yes, of course I do."
got one too... see?” the Texan says.
huh, yes, that's very nice."
got a fax machine?" asks the Texan.
actually, yes, I do."
do too! See? It's right here!" brags the Texan.
light is just about to turn green and the guy in the Volkswagen
says, "So, do you have a double bed in back there?"
billionaire replies, "NO! Do you?"
got my double bed right in back here," the Texan replies.
light turns and the Volkswagen takes off.
the billionaire is not about to be one-upped, so he immediately
goes to a customizing shop and orders them to put a double
bed in back of his Rolls.
two weeks later, the job is finally done. He picks up his
Rolls and drives all over town looking for the Volkswagen
beetle with the Texas plates. Finally, he finds it parked
alongside the road, so the billionaire pulls his Rolls up
next to it.
windows on the Volkswagen are all fogged up ...
OK to continue ... it's a clean joke.)
and he feels somewhat awkward about it, but the billionaire
gets out of his newly modified Rolls and taps on the foggy
window of the Volkswagen.
man in the Volkswagen finally opens the window a crack and
billionaire says, "Hey, remember me?"
yeah, I remember you," replies the Texan, "What's
this out...I got a double bed installed in my Rolls."
The Texan exclaims, "YOU GOT ME OUT OF THE SHOWER TO
TELL ME THAT!"
billionaire died and arrived at the Pearly Gates. Saint
Peter asked him, "What have you done to merit entrance into
billionaire thought a moment, then said, "A week ago, I
gave a quarter to a homeless person on the street."
Saint Peter asked Gabriel to check this out in the records,
and after a moment Gabriel affirmed that it was true. Saint
Peter said, "Well , that's fine, but it's not really quite
enough to get you into Heaven."
billionaire said, "Wait, wait! There's more! Three years
ago, I also gave a homeless person a quarter." Saint Peter
nodded to Gabriel, who, after a moment, nodded back to affirm
that it was true.
Peter then whispered to Gabriel, "Well, what do you suggest
we do with this fellow?" Gabriel gave the billionaire a
sidelong glance, then said to Saint Peter, "Let's give him
back his 50 cents and tell him to go to Hell."
billionaire had to spend a couple of days in the hospital.
He was a royal pain in the butt to the nurses because he
bossed them around just like he did his staff. None of the
hospital staff wanted to have anything to do with him.
head nurse was the only one who could stand up to him. She
came into his room and announced, "I have to take your
complaining for several minutes, the billionaire finally
settled down, crossed his arms and opened his mouth.
I'm sorry, the nurse stated, "but for this reading,
I can't use an oral thermometer."
started another round of complaining, but eventually he
rolled over and bared his backside.
feeling the nurse insert the thermometer, the billionaire
heard her announce, "I have to get something. Now you
stay JUST LIKE THAT until I get back!"
leaves the door to his room open on her way out. The billionaire
curses under his breath as he hears people walking past
his door, laughing.
a half hour, the billionaire's doctor comes into the room.
going on here?" asked the doctor.
the billionaire answers, "What's the matter, Doc? Haven't
you ever seen someone having their temperature taken?"
a pause, the doctor confesses, "Yes, but Not with a carnation."
Billionaire Booms: The Year’s Top Gainers
by Sean Kilachand, Forbes Staff ... 7 March 2012
many individuals around the world are still feeling lingering
effects of the credit crunch in 2008, the recovery efforts of
the last few years seem to finally be bearing fruit. A fortunate
handful of billionaires have managed to not only navigate the
turbulent waters of 2011 but have advanced their fortunes to previously
unforeseen heights. Out of the 1,098 billionaires returning from
last year, 460 of them have added to their fortunes. Ninety-five
of these individuals are worth at least $1 billion more than they
were a year ago. The average take among gainers this
year was approximately $738 million.
Here are the five biggest gainers on this year’s
list, all of whom gained at least $5.5 billion:
1. Ricardo Salinas Pliego & his family ... Mexico
The year’s biggest gainer added $9.2 billion
to his fortune and is worth $17.4 billion. He moves up from 112
to 37 in the ranks. The source of this windfall was the astounding
year-over-year increase in the shares of Mexican home electronics
retailer Grupo Elektra. Due to an equity swap that took place
with UBS, the already reduced supply of shares became even scarcer
and drove demand through the roof. In addition to strong revenue
growth on the year, this propelled Elektra’s stock through
the roof as it more than doubled in value in just one year.
2. Georgina Rinehart ... Australia
Australian industrialist Georgina Rinehart doubled her fortune
this year to $18 billion, from $9 billion. Rinehart
attained the title of richest woman in the Asia-Pacific by signing
a deal with Posco, a South Korean steel company, granting them
a 15% stake in the undeveloped Roy Hill iron ore mine in Western
Australia, valuing the property at approximately $10 billion.
Rinehart’s fortune is currently being threatened by 3 of
her 4 children regarding the family trust.
3. Cheng Yu-tung ... Hong Kong
Cheng added $7 billion to his pile, bringing
it up to a total of $16 billion. In December of 2011, Cheng took
his profitable fine jewelry enterprise Chow Tai Fook public in
what brought him a large amount of stock valued at over $10 billion
(as of Feb. 14). Though shares of the firm are trading down in
2012, Cheng holds a substantial amount of the company’s
stock, which allowed him to negate the precipitous drop in the
value of his New World Development holdings this year.
Billionaire Busts: The Year's Biggest
by Sean Kilachand, Forbes Staff ... 7 March 2012
Though this year was certainly not the worst in terms of drop
offs and decliners, there are a fair amount of individuals who
would like to forget the last 12 months. At least 441
people, to be exact. In total, that’s how many
people on this year’s list lost money.
While global recovery efforts bolstered the fortunes of some listees,
tumultuous public markets and adverse economic conditions proved
disastrous for others. The range of loss was quite large, varying
from $100 million to $10.4 billion at the most. Of these, 81
individuals saw their fortunes drop by at least $1 billion.
On average each of the 441 lost $747 million.
Below are the five biggest losers in countdown
order, followed by a more complete list of those who got poorer
in the past 12 months. (All of the numbers are based on prices
locked in on February 14).
5. Maria-Elisabeth Schaeffler ... Germany
Schaeffler saw her net worth drop $7.8 billion
all the way down to $2 billion due to the massive amount of debt
taken on by Schaeffler Group, the premier roller bearing production
company, which she co-owns with her son Georg. The debt load is
primarily sourced from the company’s $15 billion takeover
of Continental AG in 2008. Though a restructuring occurred in
2009, Schaeffler Group still has an exorbitant amount of debt
on the balance sheet.
4. Vladimir Lisin ... Russia
Russian steel magnate Vladimir Lisin lost $8.1 billion,
the third most of any individual on this year’s list. His
fortune now sits at $15.9 billion. The loss is due to a serious
dive in the share price of Russia’s 3rd largest steel company.
The drop can be attributed to a substantial increase in the amount
of debt, volatile steel prices and lower growth expectations for
3. Oleg Deripaska ... Russia
Deripaska experienced a decline of $8 billion
this past year, having his net worth almost sliced in half, resulting
in a total net worth of $8.8 billion. After a successful 2010
IPO, shares of Deripaska’s aluminum firm United Co. Rusal
plummeted by more than 50% in value. This was due primarily to
the drop in global prices of aluminum as well as depressed growth
outlook for the company in the face of slowing Chinese demand
and global consumption of aluminum.
2. Shashi & Ravi Ruia ... India
The Ruia Brothers suffered the 2nd largest loss this year, losing
$8.8 billion on the year. The brothers saw their
net worth drop to $7 billion as a result of a 75% drop in price
of their Essar Group’s energy branch, Essar Energy. The
brothers were being investigated for a minority stake they held
in Loop Telecom; a firm run by their brother-in-law. The government
actually charged Ravi, among other family members, for alleged
criminal conspiracy. Investors reacted to the allegations and
the stock price of Essar Energy tumbled dramatically. Essar denies
1.Lakshmi Mittal ... India
The boss of the world’s biggest steel outfit, Lakshmi Mittal,
suffered the largest loss of any individual on the list, dropping
an astonishing $10.4 billion in just one year,
leaving him with $20.7 billion. Shares of his self-named ArcelorMittal
suffered a similar fate as those of other steel powerhouses, though
his plight outweighed that of others in the industry. Though he
still possesses the title of Asia’s third richest man, low
demand and high costs have caused the price of ArcelorMittal to
suffer in the public marketplace.
Here is a table with the top 25 biggest losers from this
year’s list, from lowest to highest:
Wang & Wenchi Chen
& Cristina Green
Kamprad & family
Mori & family
Godrej & family
Slim Helu & family
Thomson & family
& Georg Schaeffler
& Ravi Ruia
World’s Billionaires 2011: Inside The List.
by Luisa Kroll
Mar. 9 2011 - 6:55 pm
25th year of tracking global wealth was one to remember. The
2011 Billionaires List breaks two records: total number of listees
(1,210) and combined wealth ($4.5 trillion). This horde
surpasses the gross domestic product of Germany, one of only six
nations to have fewer billionaires this year. BRICs led the way:
Brazil, Russia, India and China produced 108 of the 214
new names. These four nations are home to one in four
members, up from one in ten five years ago. Before this
year only the U.S. had ever produced more than 100 billionaires.
China now has 115 and Russia 101.
the heap is Mexico’s Carlos Slim Helu, who added $20.5 billion
to his fortune, more than any other billionaire. The
telecom mogul, who gets 62% of his fortune from America Movil,
is now worth $74 billion and has pulled far ahead of
his two closest rivals. Bill Gates, No. 2, and Warren
Buffett, No. 3, both added a more modest $3 billion to their piles
and are now worth $56 billion and $50 billion, respectively. Gates,
who now gets 70% of his fortune from investments outside of Microsoft,
has actually been investing in the Mexican stock market and has
holdings in Mexican Coke bottler Femsa and Grupo Televisa.
nearly all emerging markets showed solid gains, wealth creation
is moving at an especially breakneck speed in Asia-Pacific.
The region now has a record 332 billionaires, up from 234 a year
ago and 130 at the depth of the financial crisis in 2009. Sizzling
stock markets are behind the surge. Three-fourths of Asia’s
105 newcomers get the bulk of their fortunes from stakes in publicly
traded companies, 25 of which have been public only since the
start of 2010..
philanthropist Bill Gates gives away
‘world’s richest’ title
By: Andrew Couts •March 8, 2011
founder Bill Gates has given away so much of his wealth to charity
that his oft-held title of "world's richest person"
is now well out of reach.
Gates could have been the wealthiest person in the world,
reports Reuters. But he gave it all away. In fact, the Microsoft
founder has given away so much of his fortune in the last year
that it pushed him down lowly number two on Forbes‘ upcoming
list of 2011 billionaires, just behind Mexican tycoon Carlos
he not given so much to charity — primarily through the
Bill and Melinda Gates Foundation —
Gates would be worth an estimated $88 billion
— miles above the competition. Because of his massive philanthropic
efforts, however, Gates is now worth $49 billion. This puts him
well behind Slim, who has an estimated $60 billion. Warren Buffet,
also a major philanthropist and regular in the top-three richest,
is now worth $47 billion.
to last year’s Forbes list, Gates was worth an estimated
$53 billion, not far behind Carlos Slim’s $53.3 billion
fortune. That marked only the second time since 1995 that Gates
did not sit in the top spot — a place it seems unlikely
he will inhabit ever again if he continues along this charitable
and his wife Melinda have so far given an estimated $28 billion
to their foundation, the largest such organization in the world,
which focuses its efforts on increasing the availability of health-care
and reducing extreme poverty around the world. In the US, the
foundation puts forth most of its resources towards improving
year, Buffet and Gates launched the Giving Pledge, which challenged
the wealthiest people in the US to give away at least 50 percent
of their fortunes within their lifetimes. So far, a total of 59
billionaires have signed the Pledge. That includes Facebook co-founders
Mark Zuckerberg and Dustin Moskovitz, both of whom joined last
something I stumbled across which made me laugh because it seemed
so appropriate for this site.
letter to "Rich Bastards" from a bank!
New Scientist, 28 August 1993, Feedback column)
National Westminster Bank admitted last month that it keeps
personal information about its customers-such as their political
affiliation-on computer. But now Computer Weekly reveals that
a financial institution, sadly unnamed, has gone one better
and moved into the realm of personal abuse.
The institution decided to mailshot 2000 of its richest customers,
inviting them to buy extra services. One of its computer programmers
wrote a program to search through its databases and select its
customers automatically. He tested the program with an imaginary
customer called Rich Bastard.
Unfortunately, an error resulted in all 2000 letters being addressed
"Dear Rich Bastard". The luckless programmer was subsequently
of Billionaire Articles Below
must admit that reseaching this information has been very enlightening,
and loads of fun. Here's a few things I came up with:
Three Vital Steps to Success ... Bill Gates
Ten Ways To Get Rich
... Warren Buffett
Five Secrets to business success
... Richard Branson
How to Become a Billionaire ...H. L. Hunt
Wealth Building Habits for Kids ...
John D. Rockerfeller Jr
Four Tips (Trumpisms) ...
Eight Wealth Building Secrets ...
J Paul Getty
Steps To Success
Bill Gates ... with
comments by Wayne Berry www.WayneBerry.com.au
Vision - All successful people have vision. They have
the ability the “see” clearly what they want before
I’d have to agree with Mr Gates on that one. All of the
successful people I have known and studied have had that ability.
Ray Kroc, founder of McDonalds had a vision of what McDonalds
could be. He saw McDonalds as an international franchise operation
dominating the world of fast food. He had that vision when he
first met the McDonald brothers in their little outlet in San
Bernadino, in Southern California. The McDonald brothers knew
he was crazy right away. They just couldn’t see it! They
had actually tried franchising and failed. If Kroc was stupid
enough to try again where they had failed, sure they would go
along with him, and he could have a percentage of the new company.
That percentage was eventually worth billions to Ray Kroc, who
was not at all surprised when McDonalds succeeded on a scale that
astounded the McDonald brothers.
Bill Gates could “see” that the future of computers
was in the software, not in the hardware. Bear in mind that he
“saw” this at a time when IBM dominated the world
of computers with computers the size houses and where an apple
was something that grew on a tree.
In the 1950's Walt Disney “saw” a place called “Disneyland”
where people would come from all over the world to play. He saw
this in a world where amusement parks were tacky places staffed
by scruffy carnival people. Even worse, he saw it being located
out in the boon docks of Los Angeles in aplace called Anaheim
where those apples I mentioned before grew in orchards. The bankers
Walt approached just couldn’t see it!! At the time the project
was laughingly referred to as “Disney’s folly”,
but Walt did it anyway. I bet you’ve either been there,
know someone who has been there, or intend to go there or to one
of the other Disney Parks around the world.
So what’s your vision? Once you a clear on what you want
you’re half way there.
2. Being in the right place at the right time
- Bill Gates suggested that some of success is luck. Just being
in the right place at the right time.
While I agree with Mr Gates that being in the right place at the
right time is important, recognising that you are in the right
place, and that the right time is NOW, comes from having a clear
vision of what you really want in life. If you know what you want,
then you’ll recognise every opportunity that comes along
that fits with your vision, and you’ll be able to grab these
opportunities with both hands.
Bill gates didn’t invent DOS, someone else did. However
Bill Gates had the vision that the creator of DOS did not have.
He recognised that he was in the right place at the right time
with IBM and acquired DOS. The rest is history.
Is your vision so clear that you recognise when you are in the
right place at the right time?
3. Take massive immediate action - During our
lifetime, I suspect that we are all presented with thousands of
good ideas and wonderful opportunities that could make us wealthy
and allow us to fulfil our dreams. The problem is that most people
even when they recognise that they have a good idea, do nothing
As one of the founders of the National Speakers Association of
Australia (NSAA) 15 years ago, I’m sometimes asked if I’m
concerned that I’m actually helping create competitors for
myself, every time I speak at an NSAA Conference or Seminar. On
these occasions I willingly share my knowledge and experience
with people new to the speaking and training profession. I tell
them what I’ve learned over the last 27 years and share
ideas on how they can become professional speakers.
Frankly I’m not concerned at all about creating competitors,
and I say this for two reasons. Reason number one is that I know
that very few people will actually take action on the ideas I
share. Not because they don’t see the value in the ideas,
but simply because that’s human nature. They’ll talk
about doing something. They’ll plan to do something. But
they won’t actually do anything. If they do, they’ll
only try it a time or two and if they haven’t achieved overnight
success then they’ll stop doing it.
The second reason I don’t mind sharing my knowledge, is
that I know that the serious people, the ones with vision who
will take action, will not be interested in becoming Wayne Berry
clones. They already have their own vision on what they want to
become and achieve, and they’ll do it too. They’ll
add real value in their own right in the marketplace.
Every year I share ideas on selling and negotiating techniques
with tens of thousands of sales people, but sadly only a small
percentage will have the vision and the persistence to follow
through and use these ideas on an on-going basis. Those who do,
become enormously successful and send me emails which I really
The real key to success is to find a good idea and take IMMEDIATE
and MASSIVE action. You’ll note that there are two factors
here, IMMEDIATE and MASSIVE.
My experience is that if we don’t act on a good idea within
24 hours, we are less than 50% likely to ever act on it. If we
haven’t acted on it inside of 7 days, then we are less than
2% likely to ever act on it.
My advice is when you find a good idea act on it right away.
That way you’ll find out quicker if it’s a good idea
The other key is to take MASSIVE action. The average person will
try a new idea once or twice and if they don’t get an immediate
result. They give up.
When I was in Washington DC last, I visited the Smithsonian Institution
and saw some of Edison’s failed experiments as he worked
to perfect theincandescent light bulb. The problem was in the
filament. They all burned out after a short time. Edison took
massive action on the challenge and after thousands of failed
attempts, he finally solved the problem. The solution made him
How is your MASSIVE “persistence” factor when you
are trying out a new idea?
There is no such thing as try. You either do it or you don’t!
Edison simply decided to do it, no matter what it took. Do you?
Ways To Get Rich
Reinvest Your Profits: When you first make money,
you may be tempted to spend it. Don't. Instead, reinvest the profits.
Warren Buffett learned this early on. In high school, he and a
pal bought a pinball machine to pun in a barbershop. With the
money they earned, they bought more machines until they had eight
in different shops. When the friends sold the venture, Warren
Buffett used the proceeds to buy stocks and to start another small
business. By age 26, he'd amassed $174,000 -- or $1.4 million
in today's money. Even a small sum can turn into great wealth.
2. Be Willing To Be Different: Don't base
your decisions upon what everyone is saying or doing. When Warren
Buffett began managing money in 1956 with $100,000 cobbled together
from a handful of investors, he was dubbed an oddball. He worked
in Omaha, not Wall Street, and he refused to tell his parents
where he was putting their money. People predicted that he'd fail,
but when he closed his partnership 14 years later, it was worth
more than $100 million. Instead of following the crowd, he looked
for undervalued investments and ended up vastly beating the market
average every single year. To Warren Buffett, the average is just
that -- what everybody else is doing. to be above average, you
need to measure yourself by what he calls the Inner Scorecard,
judging yourself by your own standards and not the world's.
3. Never Suck Your Thumb: Gather in advance
any information you need to make a decision, and ask a friend
or relative to make sure that you stick to a deadline. Warren
Buffett prides himself on swiftly making up his mind and acting
on it. He calls any unnecessary sitting and thinking "thumb
sucking." When people offer him a business or an investment,
he says, "I won't talk unless they bring me a price."
He gives them an answer on the spot.
4. Spell Out The Deal Before You Start: Your
bargaining leverage is always greatest before you begin a job
-- that's when you have something to offer that the other party
wants. Warren Buffett learned this lesson the hard way as a kid,
when his grandfather Ernest hired him and a friend to dig out
the family grocery store after a blizzard. The boys spent five
hours shoveling until they could barely straighten their frozen
hands. Afterward, his grandfather gave the pair less than 90 cents
to split. Warren Buffett was horrified that he performed such
backbreaking work only to earn pennies an hour. Always nail down
the specifics of a deal in advance -- even with your friends and
5. Watch Small Expenses: Warren Buffett
invests in businesses run by managers who obsess over the tiniest
costs. He one acquired a company whose owner counted the sheets
in rolls of 500-sheet toilet paper to see if he was being cheated
(he was). He also admired a friend who painted only on the side
of his office building that faced the road. Exercising vigilance
over every expense can make your profits -- and your paycheck
-- go much further.
6. Limit What You Borrow: Living on credit
cards and loans won't make you rich. Warren Buffett has never
borrowed a significant amount -- not to invest, not for a mortgage.
He has gotten many heart-rendering letters from people who thought
their borrowing was manageable but became overwhelmed by debt.
His advice: Negotiate with creditors to pay what you can. Then,
when you're debt-free, work on saving some money that you can
use to invest.
7. Be Persistent: With tenacity and ingenuity,
you can win against a more established competitor. Warren Buffett
acquired the Nebraska Furniture Mart in 1983 because he liked
the way its founder, Rose Blumkin, did business. A Russian immigrant,
she built the mart from a pawnshop into the largest furniture
store in North America. Her strategy was to undersell the big
shots, and she was a merciless negotiator. To Warren Buffett,
Rose embodied the unwavering courage that makes a winner out of
8. Know When To Quit: Once, when Warren
Buffett was a teen, he went to the racetrack. He bet on a race
and lost. To recoup his funds, he bet on another race. He lost
again, leaving him with close to nothing. He felt sick -- he had
squandered nearly a week's earnings. Warren Buffett never repeated
that mistake. Know when to walk away from a loss, and don't let
anxiety fool you into trying again.
9. Assess The Risk: In 1995, the employer
of Warren Buffett's son, Howie, was accused by the FBI of price-fixing.
Warren Buffett advised Howie to imagine the worst-and-best-case
scenarios if he stayed with the company. His son quickly realized
that the risks of staying far outweighed any potential gains,
and he quit the next day. Asking yourself "and then what?"
can help you see all of the possible consequences when you're
struggling to make a decision -- and can guide you to the smartest
10. Know What Success Really Means: Despite
his wealth, Warren Buffett does not measure success by dollars.
In 2006, he pledged to give away almost his entire fortune to
charities, primarily the Bill and Melinda Gates Foundation. He's
adamant about not funding monuments to himself -- no Warren Buffett
buildings or halls. "I know people who have a lot of money,"
he says, "and they get testimonial dinners and hospital wings
named after them. But the truth is that nobody in the world loves
them. When you get to my age, you'll measure your success in life
by how many of the people you want to have love you actually do
love you. That's the ultimate test of how you've lived your life."
Secrets to Business Success
celebrated entrepreneur and founder of the Virgin Group offers
his tips for starting out.
am often asked if I have found a secret – or at least a
consistent answer – to successfully building businesses
over my career.
So I’ve spent some time thinking about what characterizes
so many of Virgin’s successful ventures and, importantly,
what went wrong when we did not get it right. Reflecting across
40 years I have come up with five “secrets.”
No. 1: Enjoy What You Are Doing
Because starting a business is a huge amount of hard work, requiring
a great deal of time, you had better enjoy it. When I started
Virgin from a basement flat in West London, I did not set out
to build a business empire. I set out to create something I enjoyed
that would pay the bills.
There was no great plan or strategy. The name itself was thought
up on the hoof. One night some friends and I were chatting over
a few drinks and decided to call our group Virgin, as we were
all new to business. The name stuck and had a certain ring to
For me, building a business is all about doing something to be
proud of, bringing talented people together and creating something
that’s going to make a real difference to other people’s
A businesswoman or a businessman is not unlike an artist. What
you have when you start a company is a blank canvas; you have
to fill it. Just as a good artist has to get every single detail
right on that canvas, a businessman or businesswoman has to get
every single little thing right when first setting up in business
in order to succeed. However, unlike a work of art, the business
is never finished. It constantly evolves.
If a businessperson sets out to make a real difference to other
people’s lives, and achieves that, he or she will be able
to pay the bills and have a successful business to boot.
No. 2: Create Something That Stands Out
Whether you have a product, a service or a brand, it is not easy
to start a company and to survive and thrive in the modern world.
In fact, you’ve got to do something radically different
to make a mark today.
Look at the most successful businesses of the past 20 years. Microsoft,
Google or Apple, for example, shook up a sector by doing something
that hadn’t ever been done and by continually innovating.
They are now among the dominant forces.
No. 3: Create Something That Everybody Who Works for You
is Really Proud of
Businesses generally consist of a group of people, and they are
your biggest assets.
No. 4: Be a Good Leader
As a leader you have to be a really good listener. You need to
know your own mind but there is no point in imposing your views
on others without some debate. No one has a monopoly on good ideas
or good advice.
Get out there, listen to people, draw people out and learn from
them. As a leader you’ve also got to be extremely good at
praising people. Never openly criticize people; never lose your
temper, and always lavish praise on your colleagues for a job
People flourish if they’re praised. Usually they don’t
need to be told when they’ve done wrong because most of
the time they know it. If somebody is not working out, don’t
automatically throw him or her out of the company. A company should
genuinely be a family. So see if there’s another job within
the company that suits them better. On most occasions you’ll
find something for every single kind of personality.
No. 5: Be Visible
A good leader does not get stuck behind a desk. I’ve never
worked in an office – I’ve always worked from home
– but I get out and about, meeting people. It seems I am
traveling all the time but I always have a notebook in my back
pocket to jot down questions, concerns or good ideas.
If I’m on a Virgin Atlantic plane, I make certain to get
out and meet all the staff and many of the passengers. If you
meet a group of Virgin Atlantic crew members, you are going to
have at least 10 suggestions or ideas. If I don’t write
them down, I may remember only one the next day. By writing them
down, I remember all 10. Get out and shake hands with all the
passengers on the plane, and again, there are going to be people
who had a problem or have a suggestion. Write it down, make sure
that you get their names, get their e-mail addresses, and make
sure the next day that you respond to them.
Of course, I try to make sure that we appoint managing directors
who have the same philosophy. That way we can run a large group
of companies in the same way a small business owner runs a family
business – keeping it responsive and friendly.
When you’re building a business from scratch, the key word
for many years is “survival.” It’s tough to
survive. In the beginning you haven’t got the time or energy
to worry about saving the world. You’ve just got to fight
to make sure you can look after your bank manager and be able
to pay the bills. Literally, your full concentration has to be
Obviously, if you don’t survive, just remember that most
businesses fail and the best lessons are usually learned from
failure. You must not get too dispirited. Just get back up and
to Become a Billionaire
H. L. Hunt
When H. L. Hunt was asked what does it take to become a billionaire
1. You must know what you really want.
You must know what you are willing to sacrifice to get it. And
be willing to do what it takes to accomplish it.
You must write it down.
Hunt in the latter years of his life had a personal income of
over 5 million dollars a DAY. (He should know what he was taking
Building Habits for Kids
John D. Rockerfeller, Jr
to Nelson Rockerfeller, the one time Vice President of the United
States, his father John D. Rockerfeller, Jr, gave each of his
five sons an allowance "We got 25 cents a week, and had to
earn the rest of the money we got."
earn part of that extra money he raised vegetables and rabbits...
always worked. All the boys were required to keep personal daily
account books. They were required to give 10 percent of their
income to charity, to save 10 percent, and to account for all
had to balance their account books every month and to be able
to tell what happened to every penny they earned.
the book, Kids and Cash
Ken Davis and Tom Taylor, 1979, Oak Tree Publications)
#1: Making It Big
like things big. I always have. To me, it’s very simple:
if you’re going to be thinking anyway, you might as well
#2: Accentuate the Negative
been said that I believe in the power of positive thinking. In
fact, I believe in the power of negative thinking. I happen to
be very conservative in business. I always go into the deal anticipating
the worst. If you plan for the worst – if you can live with
the worst – the good will always take care of itself.”
#3: Hiding Your Light Under A Bushel
can have the most wonderful product in the world, but if people
don’t know about it, it’s not going to be worth much.”
#4: Show Me the Money
believe the critics unless they love your work.”
Wealth Building Secrets
J Paul Getty
the Wealth Building Secrets of one of America's greatest and famous
Billionaire, J. Paul Getty inspire you to a great Achievement.
of the shortcuts to building wealth is to learn from those who
have achieved great wealth.
late Billionaire John Paul Getty was known as one of the greatest
wealth builders in American history.
was kind enough to distill his building wealth rules for anyone
who desires to amass wealth like him to follow.
you want to be fabulously rich? Then learn from the master wealth
builder himself, and follow in his footsteps:
Wealth Secret No. 1:
build wealth today, you must be in your own business.
may think that the corporate executive with a $100,000 salary
is better off than small shop owner, but the executive will be
hard-pressed to double his income and taxes will eat up most of
simplest peanut vendor has unlimited opportunity to expand his
business and his income, and even salesmen, who in most cases
are able to write their own paychecks, can control his sale increases
Building Wealth Secret No. 2.
must have a working knowledge of the business when you start and
continue to increase your knowledge of it as you go along.
you don't know what you're doing when you start, your mistakes
will be costly and often unnecessary, and you won't be able to
keep up with the technological explosions in any field.
smart and stay that way.
Wealth Secret No. 3.
must save money in your personal life and in your business venture
is the key to saving money. You must develop the will power to
deny yourself immediate gratification or the temptation to gamble
on the quick buck. Resources will be needed for expansion and
should be guarded carefully.
Wealth Secret No. 4.
must take risks, both with your own money or with borrowed money.
is essential to business growth.
Bunker Hunt is admired for his guts in trying to corner the silver
market, not scorned for losing money on this deal.
of the richest men have staked their entire fortunes and lost,
several times over, before the risk-taking paid off.
those risks with good judgment, experience, commitment, And the
advice on risks from the wealthy who still take risks, not friends
who dare nothing more than a football bet.
Wealth Secret No. 5.
must not only learn to live with tension, you must seek it out.
on stress! If it means getting physically fit, having a psychiatric
overall or losing 50 pounds before you can handle it, do it.
you can learn to thrive on stress, you will not only enjoy it,
you will seek it out willingly and enthusiastically and wonder
how you could live any other way.
of means look at making money as a game which they love to play.
it serious business and you will suffer far more stress than you
need or want.
your perspective or your stress level will rocket beyond your
Building Wealth Secret No. 6.
wealth as a by-product of your business success.
wealth is your only object in business, you will probably fail.
is only a benefit of the game. If you win, the money will be there.
you lose, and you will from time to time if you play long and
hard enough, it must have been fun or it was not worth it.
Wealth Secret No. 7.
is the greatest business asset. Wait for the right time to make
your business grow naturally, not by pressing your luck.
Wealth Secret No. 8.
at the top.
you've made it, you'll understand that any business is limited
in the challenges it offers.
want and need other games to play, so you'll look for other ventures
to hold your interest.