For some people who take their first billion, it takes a lifetime, but a growing number of them are crushing themselves to the benchmark in just a few years.
The majority of the world's richest men have made billions in technology quickly, including Jeff Bezos with Amazon, Bill Gates with Microsoft, Larry Ellison with Oracle and Mark Zuckerberg via Facebook.
Today it is the new school of tech entrepreneurs breaking records, with Bezos in its first billion within five years and Zuckerberg in just three years.
Gates and Ellison, on the other hand, who boomed in the & # 39; 90, took 11 and 16 years respectively to earn their first billion.
The old school of investors such as Warren Buffet, Zara founder Amancio Ortega, Mexican telecom magnate Carlos Slim Helu and casino baron Sheldon Adelson, have taken decades to reach the milestone.
The total number of billionaires worldwide is 2,153 and their assets combined are estimated at $ 743 billion.
Jeff Bezos (Amazon), first million in three years, first billion in five years
Jeff Bezos, 55, & # 39; the world's richest man, with an estimated net worth of $ 131bn, founded Amazon in 1994 from his garage in Seattle.
He earned his first million within three years after Amazon & # 39; s initial IPO collected $ 54 million and he needed only two years to earn a billion.
Amazon founder Jeff Bezos at the JFK Space Summit at the John F. Kennedy Presidential Library in Boston earlier this month
But after 1999 when its assets were $ 10.1 billion, it quickly dropped to just $ 1.5 billion in 2003, recovering with a four-fold increase between 2005 and 2007 and a value of $ 8.7 billion.
Today he is bringing in around $ 2,500 per second and his net worth is greater than the GDP of Iceland, Afghanistan and Costa Rica combined.
After 25 years of marriage with Mackenzie Bezos, she becomes the third richest woman in the world after being divorced, Business insider reports, with a 4% stake in Amazon worth more than $ 33 billion.
Bill Gates (Microsoft), first million in six years, first billion in 11 years
Bill Gates, 63, is one of the most famous men in the world and we are almost all completely dependent on his technology that Microsoft launched in 1975.
His net worth is estimated at $ 96.5 billion, with Forbes placing him in second place on their global rich list and earning $ 4 billion last year – a colossal turnover, as he currently holds only a 1.3% stake in his company.
Microsoft founder Bill Gates takes part in a discussion earlier this week during a lunch at the Economic Club of Washington
After he founded Microsoft at the age of 20, he earned his first million within six years, and developed the MS-DOS operating system in the 1980s, which was sold to IBM in a contract that gave Microsoft the freedom to market their software. sell others.
His profit rose in the 1990s and a year before the millennium, The New York Times valued its shares in Microsoft at nearly $ 100 billion.
He resigned as CEO in January 2000, but remained chairman. Today he still has a seat on the board and he donates billions through the Bill & Melinda Gates foundation.
Warren Buffet (Berkshire Hathaway), first million in five years, first billion in 31 years
Warren Buffet, 88, – & # 39; Oracle of Omaha & # 39; – is the most famous investor in the world and runs Berkshire Hathaway, owner of insurance title GEICO, battery producer Duracell and fast food chain Dairy Queen.
His net worth is estimated at $ 82.5 billion, & # 39; the world's third richest man after Bezos and Gates, and he earned his first million within five years.
Warren Buffett addresses a press conference on June 26, 2006 in New York regarding his promise of 10 million class B shares from Berkshire Hathaway Corporation to the Bill & Melinda Gates Foundation
He read greedily as a teenager and when he was 20, he got his big break for Lorimer Davidson, the CEO of the company who would later become GEICO.
When he acquired Berkshire Hathaway in 1965, it was a small textile company, but in 2018 it grew into a conglomerate of $ 500 billion, CNBC reported.
In 2006, he gave almost half of his wealth to the Bill & Melinda Gates foundation, describing how he prefers to outsource & # 39; & # 39; to them then the hassle of setting up his own charity.
Carlos Slim Helu (America Movil), first million in four years, first billion in 30 years
Carlos Slim Helu, 66, is the richest man in Mexico and & # 39; the world's fourth richest with an estimated value of $ 64bn.
The profits of the telecom magnate come from hundreds of companies in the Central American country, known as & # 39; Slimlandia & # 39; Business insider reports.
Mexican billionaire Carlos Slim speaks in a joint press conference on Thursday after the Competitive Advantage of Nations Forum in San Salvador, El Salvador
After starting on the stock market, he started buying companies in the 1970s, including soft drinks, construction, printing, bottling and tobacco.
He gained fame in North America in the early 2000s when he started bragging stock in Barnes & Noble, Office Depot and CompUSA.
But despite his colossal wealth, he is known for his frugal lifestyle and has been living in the same six-bedroom home for more than 40 years.
Amancio Ortega (Inditex), first million in 11 years, first billion in 27 years
Amancio Ortega, 83, is a Spanish businessman, the founder of Inditex fashion known for Zara, and one of the richest men in Europe.
He opened his first Zara store in 1975 with his wife Rosalia Mera and earned his first million within 11 years, with an estimated wealth of $ 62.7 billion today.
Amancio Ortega founded his first Zara store in 1975 – he earned his first million within 11 years and his first billion 16 years later
Like Zara, Inditex includes the Massimo Dutti and Pull & Bear brands and has around 7500 stores worldwide.
According to Forbes, Ortega receives more than $ 400 million in dividends each year, primarily through real estate in his hometown of Madrid, Barcelona, London, Chicago, Miami and New York.
Larry Ellison (Oracle), first million in nine years, first billion in 16 years
Larry Ellison, 74, founded software company Oracle in 1977 and earned his first million within nine years – his net worth today is estimated at $ 62.5 billion.
His personal life has attracted just as much interest as his professional, with four marriages and four divorces and countless homes, yachts and planes.
Larry Ellison founded Oracle in 1977 – he earned his first million in nine years and earned his first billion seven years later
He started writing code for the CIA in the 1970s, but when he and his partners met their deadline, they started making software for their own company, Inc. reports.
He stepped down as CEO in 2014, but remains on board, with Oracle recently venturing into cloud computing with its acquisition of Netsuite, which was $ 9.0 billion three years ago.
He bought three million shares in Tesla last year and joined their board.
Mark Zuckerberg (Facebook), first million in two years, first billion in three years
Mark Zuckerberg, 35, created Facemash – the predecessor of Facebook – in his student room at Harvard University in 2003.
The following year Thefacebook.com expanded to Stanford, Yale and Columbia campuses and in 2006 it was open to the world.
Mark Zuckerberg, chief executive officer and founder of Facebook Inc., speaks at an event at the company headquarters in Menlo Park, California in 2013
Today his net worth is estimated at $ 62.3 billion and he earned his first million within two years.
In recent years, his company has come under increasing control and pressure over allegations that it can be used to collect data and manipulate democratic elections.
In 2017, he responded to a Trump tweet by saying: & # 39; Trump says Facebook is against him. Liberals say we helped Trump. Both parties are angry about ideas and content that they don't like. That is what a platform for all ideas looks like. & # 39;
Michael Bloomberg (Bloomberg), first million in seven years, first billion in 28 years
Michael Bloomberg, 77, has an estimated value of $ 55.5 billion and made his first million within seven years.
He started on Wall Street in 1966 at the investment bank Salomon Brothers and was fired 15 years later, Forbes say.
Michael Bloomberg at a press conference after an economic round table of the City of London in 2008 – he earned his first million in seven years and another 21 years to earn a billion
He founded his financial information and media company Bloomberg LP in 1981 with his severance payment of $ 10 million from the now extinct bank.
His Bloomberg MarketMaster data terminals were purchased by Merrill Lynch and have since become a mainstay for traders.
He became mayor of New York in 2002 and was a candid critic of President Donald Trump, many tipping him to someday become the next president.
Larry Page and Sergey Brin (Alphabet), first million in one year, first billion in five years
Larry Page, 46, is the CEO of Alphabet, Google & # 39; s holding company, and has an estimated net worth of $ 50.8 billion, after making his first million in just a year.
After studying computer science, he started BackRub in the mid-nineties, a tool to support internet searches by looking at the interconnections between different sites, Bloomberg reports.
In 1998, Page and his partner Sergey Brin (45) received $ 100,000 in investments and set up Google.
Larry Page (left) and Sergey Brin, the co-founders of Google – each earned their first million in a year and their first billion in five years
Brin's capital balance is slightly lower than that of Page, has reached $ 49.8 billion and he also made his first million within a year.
In 2001, the couple resigned as president and Eric Schmidt, from Novell, took over as CEO.
Since then, the company has diversified with its Google smartphones and Android operating system to match the Apple iPhone.
Steve Ballmer (Microsoft), first million in six years, first billion in eight years
Steve Ballmer, 63, left Stanford with his former Harvard colleague Bill Gates at his then startup, Microsoft.
His net worth today is estimated at $ 41.2bn and he earned his first million in six years.
The owner of Los Angeles Clippers Steve Ballmer and his wife Connie Snyder look ahead of Game Seven of the Western Conference Semifinals against the Houston Rockets at the Toyota Center for the 2015 NBA Playoffs on May 17, 2015
When he said to his father: & # 39; My father said: & # 39; What is software anyway? My mother said: & # 39; Why would anyone ever need a computer? & # 39 ;, Ballmer recalls in an episode of The David Rubenstein Show.
He started as an assistant to Gates and received a starting salary of $ 50,000.
Gates relied on Ballmer's business and management smart guys, taught him how to hire intelligent people and many of them, and was the key to negotiating with IBM.
He announced his retirement and stepped down as CEO in 2014, but maintains a lucrative 4% stake in Microsoft.
Ma Huateng (Tencent), first million in three years, first billion in six years
Ma Huateng, AKA Pony Ma, 47, is chairman of the Chinese internet colossus Tencent Holdings, whose application of social messages WeChat has more than one billion users.
He co-founded Tencent in 1998, has an estimated value of $ 38.8bn and made his first million within three years.
Pony Ma Huateng gives a speech at the World Artificial Intelligence Conference in Shanghai last year – he earned his first million in three years and took the same amount of time to advance to the billion dollar mark
Tencent is & # 39; the world's largest gaming company, according to the South China Morning Post, owns 40% of Epic Games, developers of the wildly popular Fortnite shooter.
Huateng prefers a low profile and drives a modest Volvo S80L.
Jack Ma (Alibaba), first million in a year, first billion in ten years
Jack Ma, 54, is the founder of Alibaba, one of China & # 39; s most popular websites and their equivalent to Amazon.
The former English teacher has an estimated net worth of $ 37.3 billion and has converted his first million in less than a year.
Jack Ma, CEO, Alibaba Group at a conference in Paris last month – he earned his first million in less than a year and took another decade to reach a billion
His first company, Haibo Translation Agency, took care of English translations and he soon saw the possibility of creating web pages that Chinese websites translated for a Chinese audience.
He founded Alibaba in 1999, when e-commerce was a foreign concept in China – he once said: & # 39; I called myself a blind man riding on the back of blind tigers. & # 39;
Alibaba & # 39; s first IPO of 2014 set a record in New York, raising $ 25 billion, Forbes reports.
Huika Yan (Evergrande), first million in three years, first billion in 13 years
Huika Yan, 51, is one of Hong Kong's most powerful property magnates with an estimated value of $ 36.2bn, earning his fist million within three years and growing to a billion six years later.
He started his life in a steel factory after leaving university in 1982 and began to collect real estate budget in the late 1990s, Forbes reports.
Huika Yan at a press conference in Beijing last year – he earned his first million in three years and took another decade to become a billionaire
He owns a sports team and in 2014 sold 50% of his championship-winning Guangzhou Evergrande Football Club to Ma & # 39; s Alibaba Group for $ 192 million, Success story reported.
He is also one of the largest charity donors in China, giving away $ 62 million and receiving the National Model Worker Award from the ruling Communist Party in 2011.
Sheldon Adelson (Las Vegas Sands), first million in 12 years, first billion in 53 years
Sheldon Adelson, 85, earned his money from American real estate and computers before he went into casinos and is president of Las Vegas Sands.
He earned his first million within 12 years of his career as an investor, but it would take another 41 years for him to reach the bill of a billion.
Sheldon Adelson, Chairman and CEO of the Las Vegas Sands Corporation sits in his private box and looks at Donald Trump during the 2016 Republican National Convention in Cleveland, Ohio during the 2016 campaign
Today, his assets are estimated at $ 35.1 billion, and he owns more than half of the gambling empire he has created, Forbes reported.
Adelson is a huge Trump fan and last year, together with his wife, donated $ 123 million to Republican campaigners.
. (TagsToTranslate) Dailymail (t) news