15 Billionaire facts that will improve your life

Want to become a billionaire? Everybody seems to dream about it, but you might think becoming wealthy can be a long shot. We’ve come up with the most recent billionaire stats that will help improve your life, and who knows, you could become one of them. Let’s get started on the path to prosperity!

  1. 60% made their own money and another 30% inherited money that they grew. Winning the lottery will not help you get rich. In fact, many lottery winners eventually go broke. If you want billions, it pays to looks for lucrative opportunities in high growth areas to build wealth. Roughly 25% of women billionaires made their own money or made/inherited it, but that number is expected to rise drastically as more women have resources and access to the capital that will help them get to the top. Think of Spanx founder Sara BlakelyKey lesson: Work hard, look for opportunities
  1. Being a billionaire does not mean waiting until your 50s or 60s. In fact, in 2015 there were already 15 people in their 30s who made it onto the list of the world’s richest people. While most of these young billionaires have inherited their family business, others are actually self-made rich. Think about university drop-outs who went to pursue their passion i.e. Mark Zuckerberg. Key Lesson: Passion is a success driver. Never give up easily!
  2. 27% of the world’s richest people became billionaires because they re-invested their inherited wealth. They see an opportunity for their money to grow, so they increase their net worth through finance or investments. One good example is Warren Buffet. Key Lesson: Spend your money – even a windfall – wisely.
  3. We all get inspired with rags-to-riches stories. This is very true with billionaires who came from nothing. Several of them were were born into poverty, orphaned or worked low-income jobs. There are actually 14 billionaires as of 2014 who are now living the dream and are true champions for overcoming their difficulties. Key Lesson: See everything as an opportunity – strike while the iron is hot!
  4. 65% of billionaires are married and this means that they believe in matrimony. We can safely say that behind a successful man or woman is another man or woman. Also, divorce is really, really expensive! Better to stick with your  Key Lesson: You can achieve great things with support from family/better half.
  5. If you live the life of the rich, money is absolutely not an object. Billionaires tend to own at least one luxury toy – it could either be a home, an island or a yacht. Take Larry Ellison who bought a Hawaiian Island worth $500 million. Key Lesson: It doesn’t hurt to enjoy the fruits of your own labor!
  6. Most billionaires (specifically 103 of them) are located in “The Big Apple” i.e. New York City. This is mainly because of the lifestyle and exciting environment the city has to offer. Many of their fellow billionaire contacts also live there, which makes it easier to connect when it comes to business deals. Key Lesson: Go where the money is if you want to make money. Aristotle Onassis once said, “To be successful, keep looking tanned, live in an elegant building (even if you’re in the cellar)…”
  7. A few of the newly minted billionaires of 2015 are within the food and beverage industry. Many young billionaires earned their wealth through science, technology and internet ventures. Look for opportunities in new and interesting industries. Read magazines and become interested in the new – blockchains, energy investments, space exploration. Just check it out! Key lesson: Find a way to innovate and think out-of-the-box.
  8. 44.8% of billionaires went to Ivy League or elite schools. There is nothing better than getting a degree from the world’s top schools. This is because attending elite schools will give you the brand, network and quality education that most of the world’s influential or powerful went to. Even if you don’t graduate you will still be able to leverage the experience and build a great network. You’ll also have access to mentors that might not be within reach at other universities. Key lesson: Education is the key to unlock your potential. Don’t deprive yourself with what you deserve.
  9. An entrepreneurial spirit will transform you from broke to a billionaire. It is not merely out of luck though. Most billionaires worked hard with determination to succeed and overcome obstacles that came their way. A good example would be Oprah Winfrey who was born into poverty. She took risks and also found top mentors who could help her achieve her goals. Key lesson: Hard work really pays off.
  10. 93% of the world’s billionaire are over 45. It is never too late to start. There are also a couple of billionaires who started out their enterprise during mid-life such as PeopleSoft founder David Duffield, who founded PeopleSoft at the age of 46. By 2004 Oracle decided to purchase the company as part of a merger agreement for around $10.3 billion. Key lesson: Only belief, not age, will limit you from reaching your goals.
  11. More and more billionaires are becoming known for being do-gooders. The Giving Pledge is a campaign founded by Bill and Melinda Gates and Warren Buffett to put their money into charities and philanthropic causes. Most of the billionaires who have joined the pledge have agreed to give away at least 50% of their fortunes to good cause.  Key lesson: Pay it forward.
  12. 70% of the super-rich take good care of themselves. This means that they exercise and consume less than 300 junk food calories per day. Being a billionaire is not an excuse to eat whatever they want. The billionaire CEO of the Dole Food company, David Murdock, still lives an active lifestyle at 92! Key lesson: Staying fit is not limited to regular people, even the richest do it too!
  13. What would you do if you had billion dollars? Spend and over-indulge yourself with the most expensive things? Apparently there are 7 billionaires who are still living frugally, including ZARA’s main man Amancio Ortega. This is despite his net worth of $69.1 billion! Key lesson: Spend money wisely. You can’t get or stay rich by spending all of your money.
  14. As of 2015, there are 1,826 billionaires all around the world. But the one personality or trait that all of them commonly share is they take risk. Billionaires do not come to where they are unless they take that big leap of faith. Bill Gates took a big risk when he founded Microsoft which later paid off as he is one of the richest people to date. Key lesson: Dream big and take action.

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Luxeha Team

Writing team

The Luxeha team is focused on helping you live life to the fullest - no matter what your budget looks like. We gather tips, tricks, videos, deals and interviews to help keep you in the know and living your best life.

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