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| Self-Made
Tech Billionaires |
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Do You Plan to Go Big?
Aiming to sell out in a few years
or having competitive desire
and develop your brand?
Planning out your long-term goals for the
business is crucial before you
decide to expand.
Are You A Risk Taker?
Billionaires have a seemingly
avid appetite for
risk. It's hard enough for many of us to muster the
courage to abandon our cubicles and start a small
company, let alone build an empire. And while the risks
pile up as businesses expand, billionaires have a
confidence bordering on arrogance that checks their fear
and doubt.
Do You Have A Vision?
Empire building isn't just about goal-setting and
pinpoint execution. Superstars like Bill Gates and Sam
Walton are bona fide revolutionaries. Self-made
billionaires don't dominate industries
they transform
them, and spawn new ones. That takes more than
intelligence, courage and luck;
it takes imagination and vision.
Are You Inspired By Creativity,
Or More Process-Oriented?
Many entrepreneurs start companies
based on raw creativity
and new niche. But such
creativity can get in the way when it comes time
to install and live within
the systems and processes
necessary to accommodate growth.
Are You Willing To Make Tough
Decisions For The Growth Of The Company?
Your
friends and
family helped launch your business, but they may
grow less useful as the business outgrows them.
Sometime expansion requires making
tough decision.
Do You Like
Public Speaking?
Any significant size
company needs
a public face. Entrepreneurs who
enjoy on public performances,
shareholder meetings, television
interviews have an easier time than those who prefer to
stay out of the spotlight. If public speaking isn't your
specialty but you still want
to grow, find a confident alternate.
Are You A Consensus Builder?
The
bigger your business, the more input you need from
your business partners and associates.
That means being willing and able to
build consensus. Abstemious
entrepreneurs should
think about staying small.
Can You Delegate?
The bigger your business the less
time you will have to interact
with your employees. You
will not be able to know what
is going on in every department all the time. If
you can not trust and delegate
then forget about growing big.
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List
Of Self-Made
Tech Billionaires |
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Sergey Brin
and Larry Page
Net Worth: $18.7 billion,
$18.6 billion
Fortune: self made
United States
Met partner Larry Page in computer science Ph.D.
program at Stanford. Brin emigrated from Russia, Page grew up in
Michigan; both sons of professors. Dropped out of school to start
Google in 1998 from friend's garage. Initially financed by Stanford
endowment, angel investors K. Ram Shriram, Andy von Bechtolsheim.
Raised another $25 million from venture capital firms Kleiner
Perkins Caufield & Byers and Sequoia Capital in 1999. Hired seasoned
tech exec Eric Schmidt in 2001 to run operations. Took quirky
ad-cum-search engine public 2004. Brin serves as president of
technology, Page heads product division. Extending ad business into
TV, cell phones, various online venues; bought Web video portal
YouTube for $1.65 billion in 2006. Switched Mountain View, Calif.
headquarters to solar power last summer; part of plan to "do no
evil." Hit all-time high of $740 a share in early November. |
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Jeffrey
Bezos
Net Worth: $8.2 billion
Fortune: self-made
United States
Dot-com pioneer defies gravity, survives tech crash.
Took company public in 1997 and expanded from
bookselling into thousands of products online. Decade
later books still big piece of virtual mall's $14.8
billion sales. Computer whiz worked at hedge funds after
graduating from Princeton in 1989; quit before 30th
birthday to sell books online from Seattle garage. Space
cadet building base and testing center on 300,000 acres
of Texas land for his Blue Origin commercial
space-travel venture. |
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Pierre
Omidyar
Net Worth: $7.7 billion
Fortune: self-made
United States
French-born computer programmer launched online auction
Ebay in 1995. Today more than one million people use it
as primary or secondary source of income. Handed exec
control to Meg Whitman in 1998, remains chairman. Active
blogger philanthropic via Omidyar Network; finances
small businesses in developing economies, donates to
nonprofits. Gave $100 million to alma mater Tufts in
2005. |
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Mike
Lazaridis
Net Worth: $3.6 billion
Fortune: self-made
Canada
Founded BlackBerry maker Research In Motion while
student at University of Waterloo. Company's co-chief
executive, along with fellow billionaire James Balsillie,
drives its technology and research. Both individuals'
fortunes more than doubled in past year thanks to
strength of RIM's stock and a 3-for-1 stock split. Threw
an employee appreciation party that featured Van Halen
at the Air Canada Centre in Toronto in November.
Reportedly building a $13.2 million house just outside
Waterloo on 76-acre property with private lake. |
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Jeffrey
Skoll
Net Worth: $3.6 billion
Fortune: self-made
United States
Ebay's first president and full-time employee, Skoll
remains its second-largest shareholder. He is no longer
involved with the company, though, and has turned his
attention to philanthropy and movies. Skoll was
executive producer of An Inconvenient Truth, the
global-warming documentary that featured former Vice
President Al Gore. The film, which was made by Skoll's
Participant Productions, won two Oscars in 2007. Skoll
pumped gas in Toronto before getting an M.B.A. from
Stanford in 1995. |
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James
Balsillie
Net Worth: $3.4 billion
Fortune: self-made
Canada
Co-chief executive of BlackBerry maker Research In
Motion with fellow billionaire Mike Lazaridis. Both
individuals' fortunes more than doubled in the past year
thanks to strength of RIM's stock and a 3-for-1 stock
split. Donated $50 million to create a new school of
international affairs in Waterloo, which will be named
after him. This will support the nearby Centre for
International Governance Innovation, a think tank he
started. Failed in his bid to move NHL's Nashville
Predators to Canada. Helped establish the Waterloo
Regional Children's Museum and donates to other causes
like Lazaridis' Perimeter Institute for Theoretical
Physics. Competes in men's long-course triathlons. |
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David
Filo and Jerry Yang
Net Worth: $2.5 billion, $2.3 billion
Fortune: self-made
United States
Met partner Jerry Yang as Stanford grad student, veered
off Ph.D. path to form new portal; took Yahoo public
1996. Brought in "professional management" (Tim Koogle
in 1995, then Warner Bros. chief Terry Semel in 2001).
Semel quit under fire in 2007. Yang became chief
executive for first time last June. Tough job. Turned
down Micrsoft's offer to buy Yahoo for $45 billion in
early February. Yang born in Taiwan. Filo expanding into
China: bought 40% stake in Alibaba.com for $1 billion in
2005; public offering of Chinese business-to-business
Web site likely. Yang aims to create a "stronger culture
of winning" (or at least get a higher price out of Steve
Ballmer). Filo runs tech. |
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Omid
Kordestani
Net Worth: $2.2 billion
Fortune: self-made
United States
Google's 12th employee built a fortune that started with
a game of ping-pong. Was at Netscape when he met Sergey
Brin and Larry Page in 1999. They invited him over for
ping-pong in a garage, and he bought everyone dinner at
a nearby Chinese restaurant. Now he leads sales and
business development. Iranian immigrant got electrical
engineering degree at San Jose State, did short stint at
Hewlett-Packard. M.B.A. from Stanford, then startups
(3DO, Go Corp.), Netscape. Became Google's "business
founder" 1999 after Netscaper K. Ram Shriram joined
board. Led $1.65 billion purchase of YouTube in 2006. |
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Todd
Wagner
Net Worth: $1.5 billion
Fortune: self-made
United States
Bored lawyer changed careers, created early Internet
video outfit Broadcast.com with partner Mark Cuban. Sold
to Yahoo in 1999 for $5.7 billion; company isn't visible
today. Went Hollywood. With Cuban, owns stakes in 2929
Entertainment, Magnolia Pictures, Landmark Theatres,
HDNet, Lion's Gate. Sold domestic rights for indie flick
We Own the Night to Sony for record $11.5 million in
May; manly mob drama stars Joaquin Phoenix, Mark
Wahlberg. Believes a few eco-entrepreneurs will become
billionaires: "Someone who will figure out how to
capitalize on these environmentally friendly trends in
the coming decade." |
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Theodore Waitt
Net Worth: $1.5 billion
Fortune: self-made
United States
Son of cattle brokers left U. of Iowa one semester short
of degree to start PC maker with older brother Norman in
1985. Gateway rose to 4th-biggest player, shipped in
Holstein-cow-patterned boxes in homage to origins.
Norman quit 1991 as Dell direct-mail biz forced Gateway
job cuts, store closings. Gateway, peak $30 billion
market cap year-end 1999, sold to Acer for $710 million
last August. Ted turned to hedge funds, real estate via
Avalon Capital. Funds Genographic Project: uses DNA data
to study human origins |
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Mark Zuckerberg
Net Worth: $1.5 billion
Fortune: Self-made
United States
Tech's newest golden boy founded addictive social
networking site Facebook in February 2004 from his
Harvard dorm room. He left school for Silicon Valley
that year. Microsoft paid $240 million last October for
a 1.6% stake, giving the company an implied valuation of
$15 billion. Some analysts and a few Facebook investors
think that's high. We think Zuckerberg's stake is worth
$1.5 billion. Regardless, Zuckerberg is the youngest
billionaire on Earth and possibly the youngest self-made
billionaire ever. |
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Robin Li
Net Worth: $1.4 billion
Fortune: Self-made
China
Li got his start working at search engine pioneer Infoseek in
Silicon Valley in the late 1990s. He launched Baidu.com in 2000 and
took it public on Nasdaq in 2005. It is now China's most popular
Internet search engine. Li has also announced plans to enter the
e-commerce market. |
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Sameer Gehlaut
Net Worth: $1.2 billion
Fortune: Self-made
India
India's youngest
self-made billionaire, Gehlaut turns 34 in early March 2008. An
engineer from India's elite Indian Institute of Technology, Delhi,
he started online brokerage Indiabulls with two college pals in
1999; he still heads the company and is its largest shareholder.
Early investors included steel tycoon Lakshmi Mittal and hedge fund
Farallon Capital. He took Indiabulls public in 2004. The group moved
into real estate and scooped up prized land in Mumbai in public
auctions. That business, Indiabulls Real Estate, was spun off and
listed in 2007. |
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Peter Thiel
Net Worth: $1.2 billion
Fortune: Self-made
United States
Thiel has been at the fore of some of Silicon Valley's biggest
phenomena. He co-founded PayPal, which he sold to eBay in 2002 for
$1.5 billion. Two years later, he became Facebook's first outside
investor, putting in $500,000. He enjoys running, hiking and
surfing. A chess prodigy, he was ranked seventh in the U.S. at age
12. |
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Source: Forbes.com
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