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Monday, February 21, 2022

They made their fortune from entrepreneurship “The Five Richest People in the World of Entrepreneurship”

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Many wealthy people were able to establish more than one company during their working life. There are 5 self-made billionaires who have managed to establish at least two companies so far, and their combined fortunes are estimated at $542.5 billion, according to net worth as of December 1, 2021.


Jack Ma

Net worth: $37.3 billion
Country: China
Jack Ma's first venture as an entrepreneur was Hangzhou Hope, a translation agency he launched in 1994. Since then, the billionaire has built an extensive empire with e-commerce giant Alibaba Group. He launched 13 subsidiaries, including retail platform (Taobao) as well as live streaming platform (Youku).

He also founded the private equity firm YunFeng Capital in 2010, and the fintech group (Ant Group) in 2014, which he planned for a $34.5 billion initial public offering, before Chinese regulators halted the listing in 2020. Alibaba shares have fallen By 46% as of December 13, 2021, as government regulation campaigns continued to pose challenges to its business.

Richard Branson

Net worth: $3.9 billion
Country: United Kingdom
Branson has built more than 45 companies in 50 years under the Virgin Group umbrella. He launched into the world of entrepreneurship at the age of 15, with the launch of Student magazine in 1967. The billionaire saw success in the startup field with the launch of Virgin Records in 1970, and has invested in many diverse sectors From travel to technology. His business within the group includes the airline, "Virgin Galactic", which was launched in 2004, and its market value was estimated at 3.7 billion dollars, on December 3, 2021.

Elon Musk

Net worth: $297 billion
Country: America
Musk, famous for being the CEO of Tesla and SpaceX, has founded about 6 companies over the past two decades. In 1995 he launched Zip2 with his brother Kimball, which was acquired for $307 million in 1999.

Musk's second startup, X.com, achieved success when it merged with Confinity in 2000, which became PayPal in 2001. It was then sold to eBay for $1.5 billion in 2002. Despite the removal of Musk from the position of CEO of the company, he invested $100 million of his stake in the sale to co-found SpaceX, which was valued at nearly $100 billion in 2021.

Musk is the richest person in the world according to Forbes estimates in December 2021. It is reported that he repurchased the Internet domain name (X.com) from (PayPal) in 2017. During his career, the businessman co-founded companies: Tesla and (Neuralink) and (The Boring Company).

Oprah Winfrey

Net worth: $2.6 billion

Country: America

Winfrey founded Harpo Productions, a privately owned media company, in 1986. Harpo bought the rights to the Oprah Winfrey Show in 1988. During her career as a presenter, Winfrey became the world's second highest-paid TV personality, It made $68 million between 1989 and 1990, according to Forbes.

Winfrey is also the founder and CEO of the OWN Network, a 50% joint venture with Discovery Communications that launched in 2011. Then, in 2017, Discovery paid about $70 million for an additional 24.5% stake. In the company. Then it acquired another 20.5% in 2020, and Winfrey acquired during this transaction 1.3 million shares in (Discovery) worth $ 32.1 million, according to data on December 3, 2021.

While she became the first African American billionaire in 2003, she topped the richest African Americans in the Forbes 400 list of America's richest people in 2012.

Jeff Bezos

Net worth: $201.7 billion

Country: America

Bezos founded the online bookstore platform Amazon.com in 1994. The company generated more than $164 million in sales between 1995 and 1997. In the third quarter of 2021, the company generated $110.8 billion.

Bezos also founded the investment firm Bezos Expeditions, which manages more than 100 investments for Bezos, including his $250 million purchase of The Washington Post in 2013. The company has $107.8 billion in assets as of December 2021 , according to the Sovereign Wealth Fund Institute (SWFI). The company's portfolio includes investments in Twitter, Uber and Airbnb.

In 2000, Bezos founded his own space business, Blue Origin, before rivals Musk and Branson joined the space race. While he was launched aboard the company's first space flight in July 2021
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