The Most Unusual, Extravagant Ways Tech Execs Like Elon Musk and Larry Ellison Have Spent Their Money

Elon Musk bought the submarine car from ‘The Spy Who Loved Me,’ while Jeff Bezos dredged pieces of the Apollo 12 engine from the bottom of the Atlantic. February 12, 2020 3 min read This story originally appeared on Business Insider If you’re among the richest people in the world, chances are you’ve found some unusual ways to spend your money.  That’s what tech executives like Larry Ellison, Jeff Bezos, and Elon Musk have done, anyway — they’ve spent money on everything from a massive chunk of the state of Hawaii to the submarine car from the James Bond film “The Spy Who Loved Me.”  Some tech billionaires are famously frugal, while others spend money on more conventional expenditures like mansions or fabulous vacations. And while the tech billionaires featured below own their fair share of homes and yachts — plus found time for more noble pursuits like donating to charity […]

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Warren Buffett Drinks 5 Cans of Coke a Day — Here’s Why He Switched From Pepsi After Nearly 50 Years

Warren Buffett famously consumes five cans of Coke a day. December 26, 2019 3 min read This story originally appeared on Business Insider Warren Buffett famously consumes five cans of Coke a day. However, he drank Pepsi for nearly 50 years, and only switched sodas because an old neighbor intervened, Glen Arnold wrote in “The Deals of Warren Buffett Volume 2: The Making of a Billionaire.” “I’m one-quarter Coca-Cola,” the 89-year-old investor told Fortune in 2015, explaining the drink accounts for 25% of his daily calorie intake. Related: Warren Buffett’s Remarkably Simple Mantra for Success Buffett’s money has followed his mouth. His Berkshire Hathaway conglomerate owns about 10% of Coca-Cola, a stake worth around $22 billion. The so-called Oracle of Omaha especially likes Cherry Coke. He agreed to have a cartoon of himself slapped on cans of the drink when it launched in China in 2017, and declined to charge a fee, he told Yahoo Finance. However, […]

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Billionaires’ Success Boils Down to 3 Personality Traits That Aren’t Directly Tied to Intelligence

Companies run by billionaires perform twice as well as the rest of the market, according to a new report. Here are some of the reasons why. November 15, 2019 3 min read This story originally appeared on Business Insider Intelligence isn’t what makes billionaires successful, a new report by the investment bank UBS and PricewaterhouseCoopers suggests. It is billionaires’ “appetite for smart risk-taking, business focus and determination” that help them build and sustain their wealth, according to UBS and PwC’s 2019 Billionaires Report. These personality traits create what UBS and PwC call the “billionaire effect”: Companies run by billionaires perform twice as well as the rest of the market. According to UBS and PwC, companies run by billionaires enjoyed returns of 17.8 percent from 2003 through 2018. That’s compared with the MSCI AC World Index’s 9.1 percent return during the same time period. Billionaires’ companies were also consistently more profitable and performed better in the six years following an initial public offering than companies controlled […]

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The World’s Wealthiest People Went to These Schools

Take a look at the background of the biggest billionaires. April 2, 2019 2 min read What does it take to become a billionaire? Forbes recently released its annual list of the richest people in the world. The publication noted that there are currently 2,153 billionaires, down 55 from 2018. Of the 250 that made it to the very top, many of the usual suspects — Jeff Bezos, Bill Gates and Warren Buffett — are right where we left them last year. Website registry platform UK Domain did some research on the world’s richest billionaires to identify some common threads among their backgrounds. Related: 6 Money Tips From Self-Made Billionaires With regard to education, there were 128 colleges that the 250 richest billionaires attended for undergrad. But the most common college degree for the billionaires was a lack of one — 17 people on the list dropped out of school. Following […]

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Kylie Jenner Is Officially the Youngest Self-Made Billionaire. Here Are 9 Others.

She follows in the footsteps of some of the most famous billionaires in the world, including Mark Zuckerberg. March 6, 2019 3 min read This story originally appeared on Business Insider Kylie Jenner is officially the world’s youngest self-made billionaire. On Tuesday, Forbes and Bloomberg reported that the makeup entrepreneur and reality star had officially crossed the $1 billion milestone. Some people were less than pleased with the designation of Jenner, whose ritzy upbringing was documented on Keeping Up with the Kardashians, as “self-made.” Forbes uses the “self-made” designation as a way to distinguish between extremely rich people who inherited wealth and those whose fortune was made primarily in other ways. Jenner follows in the footsteps of some of the most famous billionaires in the world — including Mark Zuckerberg and Evan Spiegel, who each made their first billion before reaching the age of 30. A few high-profile names, including Larry Page and Bill Gates, […]

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The 5 Entrepreneurial Factors That Distinguish ‘Billionaires’ From ‘Millionaires’

‘The rich are different from you and me,’ F. Scott Fitzgerald famously said. Apparently they’re different from one another, as well. March 1, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. To the average person, “millionaire” and “billionaire” sound similar; they’re both people with money, right? And, indeed, both have access to far more wealth than the average citizen, and neither may have to worry about money ever again. Related: 6 Money Tips From Self-Made Billionaires Furthermore, because entrepreneurship is often the route to wealth accumulation, both may have earned their way to riches the same way. Yet while their monikers “millionaire” and “billionaire” sound the same, there are in fact significant differences between the two.  For starters, the difference between a million versus a billion dollars is immense. To put it in context, consider that one million seconds amount to 11.5 days, while one billion total 31.5 years!. A billionaire could […]

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10 Worthwhile Books Written by Self-Made Billionaires

The people who started with little and made a lot have written books to help you do the same. January 30, 2019 7 min read Opinions expressed by Entrepreneur contributors are their own. Imagine sitting down and having a conversation with an ultra-successful self-made billionaire like Warren Buffett, Mark Cuban or Oprah Winfrey. What could you learn if you spent an afternoon with Richard Branson or Bill Gates? Can you imagine all the interesting tidbits or helpful advice they might give you? The personalities mentioned above have all lived very different lives but have found their own path to achieve their ambitions. Meeting these people in person is probably beyond reach for most of us, but thanks to the power of reading, we have access to these amazing innovators and groundbreakers. Many billionaires have written books detailing their lives and the lessons learned as they built their fortunes. Here are […]

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The CEO Behind ‘Fortnite’ Is Now Worth More Than $7 Billion

Epic Games CEO Tim Sweeney is No. 194 on the Bloomberg Billionaires Index of the world’s 500 richest people. January 2, 2019 2 min read This story originally appeared on Business Insider The man in charge of the company that makes Fortnite is now worth over $7 billion. Epic Games CEO Tim Sweeney is No. 194 on this year’s list of the world’s 500 richest people, published annually by Bloomberg. Sweeney isn’t confirming the number himself; it’s based on his presumed sale of Epic Games stock during a recent venture fundraising round. Based on the list, Sweeney is worth an estimated $7.16 billion. That puts him above better-known billionaires like George Soros and George Lucas, but still well below the Mark Zuckerbergs and Jeff Bezoses of the world. Image Credit: Fortnite | Epic Games Though Fortnite launched in summer 2017, the game’s dominance has continued steadily throughout 2018. The game now has over 200 million […]

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6 Money Tips From Self-Made Billionaires

Entrepreneurship is not an easy road. You must carve your own way to success. December 17, 2018 9 min read Opinions expressed by Entrepreneur contributors are their own. Becoming a self-made billionaire puts you in a league of your own. Of the approximately 585 billionaires in the US, about 360 have made their own fortunes. These are people who have made it big through hard work, sheer will, tenacity and being in the right place at the right time with the right idea. We all want to know the secret to success. So, if you could sit down with a self-made billionaire, what kind of money advice would you seek from them? What were the key lessons they learned about managing their finances on the way to boundless fortune? Here are some of the best pieces of advice offered up by self-made billionaires. Use these tips wisely, and you can […]

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7 Billionaire Entrepreneurs Who Started Off Dirt-Poor

There is no limit to what is possible with hard work and vision. Read_more Related posts: 10 Inspiring Quotes From Billionaire, Philanthropist and Microsoft Co-Founder Paul Allen Even After Its Redesign, Snapchat Is Struggling to Add New Users This Young Entrepreneur Started a Company to Harness the Power of Networking and Help Her Community Hustle 5 Successful Entrepreneurs Who Started With No Experience But Made Sure They Got It How To Correct a Poor Content Marketing Strategy Kylie Jenner Is Officially the Youngest Self-Made Billionaire. Here Are 9 Others. What You Need to Know About the Japanese Billionaire Going to Space With SpaceX Dot Com Lunch – The Billionaire Charity Case

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