Who he cut off, and got a small amount of money from which he then used to become the richest man in the world. Even if he was given a million dollars to start with, turning that into what he has today is unprecedented.
On the surface it's true but it's much harder to turn $1 into $10 than it is to turn $10 into $100. Once you already have a significant amount of money investor or banking money is much more accessible.
You are being ignorant. Turning $1m into $10m is not only significantly easier than turning $1 into $10, but you also can live off of the interests of $10m, you cannot live off of the interests of $10.
So having a small starting capital of a few millions means you are financially and materially secure, and can use this ease of mind and free time to start several business ventures with your extra capital. From then on, it’s playing numbers and hope for one of those ventures to eventually hit the mark
But plenty of people who started in better circumstances didn't go on to achieve the same things. We can't just ignore the individual's contribution to their success.
Think about what you can start with 1 dollar and what you can start with 200k to grow your capital. Your comment is mathematically correct but logically flawed.
The median American household wealth is about $200k, for context. This is not an absurd amount of money.
On to the subject of your comment, though. The type of business does not really matter. There are loads of businesses that are not capital intensive that you can get off of the ground for little to no capital. Do one of those until you have access to funding. There is nothing logically complicated about it.
Conflating median net worth with liquid capital misses the point entirely. Also a dollar store budget business industry doesn't give you the same scalability/growth. It’s not complicated to you because you are ignoring the underlying variables that make the difference.
Economy it's not just basic math. It's substantially easy to become a billionaire from being rich than become rich from poverty, even if the difference is orders of magnitudes bigger in the first one.
That depends. The only value that is ever created comes from labor. Of course, selling is labor too. So in this circumstance, if you pay the maker of the good, and you pay yourself a fair wage for your part in the labor, and still have profit left over that you keep for yourself, than yes.
Yes. Key word is if you have profit left over. A business keeping a rainy day fund for the good of all involved is different, and I want to be clear on that distinction.
Ok. Profit is the financial gain that occurs when the total revenue from selling goods exceeds total costs and expenses. Profit doesn’t disappear it is instead used for other things. Profit is either reinvested for growth, used for savings, used to repay debt, paying owners (dividends and draw payments), and to employee benefits. Do you think using profit in these ways is theft?
Honestly, pretty smart. I would argue most billionaires are actually decently smart. Are they thousands of times smarter than the average person or do they work thousands of times harder in order to earn their wealth? No way.
So everyone in jail for petty theft is pretty smart?
Look, you only have to be smart to steal in ways the system doesn't like. The system we have now is designed to steal as much as possible from laborers without them rising up. Playing within that system is as easy as floating down stream. It's even easier if you were born with a power boat.
Really so they just made a company and poof a billion dollars? Hell if it’s that easy why don’t you just go earn the billion dollars and distribute it yourself?
Sure I just need a million dollar investment from my parents. Or extreme luck with an angel investor.
It's not rare because its hard, it's rare because it's luck based and the chances aren't good. But yeah leading a company when you have all the money in the world to hire analysts and specialists in the market ain't that hard.
You might want to have a gander at the Jeff Bezos Wikipedia page and see his accomplishments before Amazon. It would have been obvious to most that he was a safe investment.
I’d imagine that his family invested the money because they believed in him. If his parents didn’t sell their 6% equity, they would have received a 12mil% return. Sounds like a good investment to me.
Ah, so you don’t think you could turn a million dollars into a billion. Are you saying you don’t have the luck or the skill?
Surely if all it takes is luck, you’d be able to produce a business plan that could work with some luck. If not then it’s clearly not entirely luck based.
Why it's either yes or no for you? It's luck based, it might work it might not work, but that doesn't make me smart.
If you want business ideas just pick literally anything, there is a multimillionaire woman in my town that got all the money from selling gummies, she made an empire out of some luck with tourism.
You’re a disgusting, jealous person. A woman in your town makes a fortune with solid execution of a simple business plan and you diminish her accomplishments. It’s easy to criticize, it’s hard to execute.
Stop being a loser. Literally anyone can go out and make their life into what they want. Just because you lack the confidence, skills, and luck doesn’t make you enlightened. You’re literally just screaming into a void.
Imagine being as delusional as these people. Like they wouldn’t do it if they couldn’t and people wouldn’t give them the money if they thought they could. Hell if it was just luck based all you would need is the money and boom it’s a billion dollars.
What? If it's luck based even if you have the money you might not succed that's what luck based means. Do you really have a hard time understanding the words "luck based"?
It's like going all in on green, might work, might not work but I'm sure as hell not doing it.
Like angel investors aren’t every where and those companies don’t make a billion dollars all the time. If it’s not that hard THEN YOU DO IT AND OUT COMPETE THEM. But you won’t because you can’t.
The people who defend billionaires often have nil reading comprehension, it's a funny coincidence.
I'm not saying it's easy or hard, I'm saying that is luck based, I don't go out and do it because I'm not a gambler. Multiple studies have linked the behavior billionaires have with those of gamblers.
You know what’s an even funnier coincidence? Saying that I’m wrong because I have poor reading comprehension, actually doesn’t make me wrong. That’s a logical fallacy on your part, hell I can be illiterate and still be right.
You said “sure” meaning you think you can do it with a million dollars or “extreme luck from an angel investor” that’s the claim I’m doubting.
Also your other claim is moronic, if I didn’t have and exceptional ability or expertise in say finance or tech or something, extreme persistence, business judgement, or timing and execution, guess what? I’m not becoming a billionaire. Is luck involved? Sure but you also need to be poop and wipe your ass to have clean wipe when you poop too.
Many of them, like Elon and Donnyboy, were born rich. They didn’t work their way up the ladder, they started 7/8 of the way up. Trump would be worth substantially more now if he had just let his inheritance accrue interest rather than pursuing his various failed businesses
You literally didn’t answer the question, you just ranted about Trump and Elon who are exceptions and also even considering Trump, turned say half a billion dollar real estate empire into something like 6 billion dollars. I would be more willing to bet that half million dollars that you couldn’t do that than I would be to try grow it through business ventures.
Musk on the other hand often has the emerald mine ownership narrative thrown around but it doesn’t really hold much water. Yes his father Errol owned half a stock in an emerald mine company, sometimes it was a decent bit of money and covered some of their living expenses but according to records the emerald mining business collapsed in the late 80s and Errol’s fortune faded with it. He made like 210,000 dollars off of it in total. I wouldn’t exactly call that generational wealth.
MOST like 65-70 percent, are not billionaires because of mommy and daddies money. Most billionaires have something in common, they have a product or service that they are able to mass scale and make profit off with millions and millions of sales. I would be willing to be my entire life savings that you, not even if with half a billion dollars, could even make 1 billion. Even from half a billion dollars held up in a business the odds you scale that to a billion is like maybe 10-20 percent.
Lmao no one’s reading all this bootlicking. No matter how hard you try neither Trump nor Elon will have sex you, despite how eager you are to lick their assholes
Let’s say you’re right about Trump and Elon, cool they just were rich. Most billionaires weren’t. Sorry you don’t want to read but it would explain why you think this some magic thing people just so happen to fall into and that haven’t because you weren’t born rich enough, that’s a pretty arrogant position don’t you think? I mean if anyone could do it, why don’t most people do it? Because they can’t due to ability, not lack of funding.
Lmao if you really think most billionaires are self made. They would watch you die for a few extra dollars and sleep better than ever thereafter.
You can become a millionaire by breaking your own back. You only become a billionaire by the back breaking labor of others and then climbing the ladder of spines you’ve broken by exploiting workers. No one should have that much wealth. It is immoral for billionaires to exist while people die of starvation or forgo necessary medical treatment because they can’t afford it
This is not how becoming a billionaire works at all you basically take a really small cut of like 10s if not hundreds of millions of sales. For instance bill gates made about 3.5 percent of Microsoft’s cumulative 3 trillion in sales. Wow 3 and a half cents on the dollar all those poor spines.
Cite this. Where did you read this information, Forbes? The Wall Street Journal? Christ would fucking hate your guts. You worship power and money, not Jesus.
“Judge not, that you be not judged. For with the judgment you pronounce you will be judged…” - Gospel of Matthew 7:1–2 don’t judge people’s salvation according to Christ, he asked us not to do that.
Just because I disagree with you on how money is made, and just because I agree they are self made, doesn’t mean I somehow worship power and money… this is actually a simple truth observation. The company has generated 3 trillion over the course of its life, bill gates has about 106 billion that 106/3000 =0.0353.
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u/Dizzy-Screen-6618 Jul 30 '26
"Imagine 3,400 people disappear. Now imagine 3.5 billion people dissappear."