How can I become a self-made billionaire?

Answer 1

Whatever you do, don't follow the crowd. If you follow the advice given to the average person, you will be average. If you do what most people do, you will be like most people. A self made billionaire is usually visionary. He can see things in a way that very few others can. Whether its Bill Gates seeing the potential of computer code and operating systems, Warren Buffett seeing good investments that others miss, or Donald Trump seeing real estate deals that others thing can't happen. Michael Dell saw a way to sell computers in a much more efficient manner than was done before and Sergey Brin and Larry Page saw that most search engines of the late 90's were hit or miss on results so they saw a way to come up with one that made more sense.

Whatever your vision and in whatever area, have a good understanding of what you're good at, what your talents are and build a team of the very best people you can find to fill in the rest. Your team should include an accountant, attorney, possibly a broker, if you're going to try real estate which is a great way to do it over time, you'll want a mortgage broker, real estate agent, home inspector and appraiser you can trust.

The other thing you have to do is never stop learning, never stop growing. Always be curious about how things work and whether or not there's a better or different way to do it. If you're going to try something, get as much information as you can about it. I had a friend who was a billionaire and he loved to read and learn new things, in part because he said the more he new about an opportunity and the more he understood it, the less risk was involved. Have a positive attitude and be willing to do whatever you need to in order to reach your goals. You should know your goals and you should establish a roadmap to reach them, its not enough to say I want to be a billionaire, you have to then decide what steps you need to take in order to get there, whether its getting more education about a thing or meeting people who can help you or simply getting assistance on what the first few steps should be.

Answer 2

I'm kind of using this advice a lot tonight, but hey, it's good advice:

Real estate. You can add value fairly simply, you've got a long-term asset working for you, the banks understand it enough to get you very good leverage (much better than any other kind of business), and you've got a whole industry of professionals geared to making you successful (rather than competing with you as in many other industries).

I'd first recommend The Real Estate Game by some Harvard professor. I've read a WHOLE LOT of real estate books, as well as whole libraries on business, and I'd recommend this one first.

To really get your juices going generally, though, read Atlas Shrugged by Ayn Rand. You'll gain a MUCH more deliberate and clear vision of the value you can add as a professional and you'll migrate to that area of your life where you can do the greatest amount of good.

Once you've decided on this niche (and probably not before), read the Effective Executive by Peter F. Drucker. There's also a new leather-bound journal in bookstores that works as a workbook for that book. Take that one seriously to build a clear foundation for yourself.

Best of Luck!

Answer 3

Wow it's so easy to become a billionaire why bother asking. Keep in mind most (if not all) the people answering your question aren't close to this amount. Why should you listen to them if they're not doing it themselves?

Identify your own talents & use them to make realistic goals. Take educated/informed risks. Learn as much as you can. Work hard. Add some luck and you might do well.

Good luck!

Answer 4

Hopefully, you are already millionaire.

Whatever the way, you have to go with the keen idea and all the postive execution. You have to ask people first for the ideas and then the things that has to be done not in hypothetical way, but also in a confirmed way for success and business.

Answer 5

Get up a website which everyone wants to visit. Like myspace or google. Look at the google guys. Seven years ago they used to rent a bedroom hall in their university. Today each one is worth 20BN. I have some ideas. Ping me if you are interested :)

Answer 6

just make a billion dollars or more to become a billionaire.

do it by your own efforts to do it "self-made"
(i.e. inheritance, or lottery winnings don't count as self-made)

Answer 7

You need to focus on your first $100,000,000.00 before you move to the next level.

Answer 8

talk to donald trump!!!! or the man who invented microsoft

Answer 9

when ever you find out PLEASE let me know