In 2020, 2,024 billionaires considered their fortunes to be entirely self-made (72.5%), while only 207 credited their wealth to family inheritance (7.4%). The remaining 561 (20.1%) claimed that their wealth was a combination. Total: 2,792.
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Mom sat on the same board as the CEO of IBM and convinced him to take a risk on her son’s new company.
Started Amazon with $300,000 in seed capital from his parents and more from some rich friends.
The son of a powerful congressman who owned an investment company.
Dad owned an emerald mine in apartheid South Africa.
Other notable examples of Family Influence and Source of Wealth from Family:
Bernard Arnault (LVMH)
Hiroshi Mikitani (Rakuten, his grandfather was a co-founder of Minolta)
Anthony Tan (Grab, son of Tan Heng Chew of Tan Chong Motor)
SM Nasarudin (Naza)
Tinyurl link of this article: https://tinyurl.com/SelfMadeBillionaires
Written by: Whisperer Robren
Published: 25th November 2021.