Are college dropouts more successful
than people with good education? It would seem so if you consider that many
billionaires are people who dumped college. However, what this hides is the fact
that although millions quit studies before completing them, very few of them go
on to become rich.
What the list of
the super-rich dropouts signifies is that in business, a top degree is not as
important as having the right aptitude, attitude, determination and vision.
Here are some dropouts
who went on to become billionaires:
William Henry
Gates III
(1955-), along with Paul Allen,
co-founded Microsoft Corporation, the world’s largest software maker. Bill
Gates, the wealthiest person in the world with an estimated net worth of $480 crores (Rs 211,200 crore!), is
probably the best-known college dropout. Gates attended an exclusive
prep school in
University, then dropped out to pursue software development. As students in the
mid-70s, he and Paul Allen wrote the original Altair BASIC interpreter for the
Altair 8800, the first commercially successful PC.
In 1975, Micro-Soft - later
Microsoft Corporation - was born. Three decades on, Gates has been Number One on
the Forbes 400 for over a dozen years. And here’s something you probably didn’t
know: The Bill & Melinda Gates Foundation currently provides 90 per cent of
the world budget for the attempted eradication of polio.
Larry
Ellison
(1944-)
co-founder
and CEO of Oracle Corporation, founded his company in 1977 with a sum of $2,000.
Once a school dropout, he is now, according to Forbes , one of the richest people in
$184 crores. The figure also makes him the ninth richest in the world.
As a young man, Ellison
worked for the Ampex Corporation, where one of his projects was a database for
the CIA. He called it Oracle, a name he was to reuse years later for the company
that made him famous.
Interestingly, the
organisation’ s initial release was Oracle 2. The number supposedly implied that
all bugs had been eliminated from an earlier version.
Ellison is
quite a colourful man, and has long dabbled in all kinds of things. Want to
learn more? Try his biography,
The
Difference Between God and Larry Ellison.
Dhirubhai
Ambani
Dhirajlal
Hirachand Ambani (1932-2002)
was born into the
family of a schoolteacher. It was a family of modest means. When he turned 16,
Dhirubhai moved to
then as a clerk in an oil company.
He returned to
a meagre capital of $375. By the time of his demise, his company - Reliance
Industries Ltd - had grown to become an empire, with an estimated annual
turnover of $120 crores!
Dhirubhai was, in
his lifetime, conferred the Indian
Entrepreneur of the 20th Century Award
by the Federation
of Indian Chambers of Commerce and Industry. A Times of India poll in the year 2000 also voted
him one of the biggest creators of wealth in this century.
Dhirubhai’s is not
just the usual rags-to-riches story. He will be remembered as the one who
rewrote Indian corporate history and built a truly global corporate group. He is
also credited with having single-handedly breathed life into the Indian stock
markets and bringing in thousands of investors to the bourses.
Steve
Jobs
Steven
Paul Jobs (1955-) and Apple Computer are names that have long gone together.
Born
in the United
States to an unknown Egyptian-Arab father, Jobs
was adopted soon after birth. After graduating high school, he enrolled in
Reed
College, dropping out after
one semester.
In
1976, 21-year-old Jobs and 26-year old Steve Wozniak founded Apple Computer Co.
in the family garage. Jobs revolutionised the industry by popularising the
concept of home computers.
By
1984, the Macintosh was introduced. He had an influential role in the building
of the World-Wide Web, and also happens to be Chairman and CEO of Pixar
Animation Studios.
Today,
with the iPod, Apple is bigger than ever. Incidentally, Jobs worked for several
years at an annual salary of $1. It got him a listing in the Guinness Book as
`Lowest Paid Chief Executive Officer.’ He was once gifted a $9 crores jet by the
company though. And his net worth? Moer than $3 billion.
Michael
Dell
Michael
Saul Dell (1965- )
joined the
physician. While studying there, he started a computer company in his dormitory,
calling it PC’s Limited. By the time he turned 19, it had notched up enough
success to prompt Dell to dropout.
In
1987, PC’s Limited changed its name to Dell Computer Corporation. By 2003, Dell,
Inc. was the world’s most profitable PC manufacturer. Dell has won more
than his fair share of accolades, including Man of the Year from
PC Magazine and EM>CEO of the Year from
Financial World .
Forbes,
in 2005, lists him as the 18th richest in the world with a net worth of around
$1600 Crores..
Not
bad for just another dropout.
Subhash Chandra
Goel
Here’s something
not many people know about
Subhash Chandra
Goel : The
Zee chairman dropped out after standard 12.
Subhash Chandra
started his own vegetable oils unit at 19. It was, in a manner of speaking, his
first job. Years later, a casual visit to a friend at Doordarshan gave him the
idea of starting his own broadcasting company. We all know how that story ran.
Chandra knew nothing
about programming, distribution or film rights. What he did understand quite
well was the Indian sensibility though. Funded by
first satellite TV network.
Today, it reaches
320 lakhs homes, connecting with 20 crores people in South
one.
Moral
of the story:
Have we wasted
our
time?
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[image: www.FunAndFunOnly.net]
[image: www.FunAndFunOnly.net]
Bill Gates
Are college dropouts more successful than people with good education? It
would seem so if you consider that many billionaires are people who dumped
college. However, what this hides is the fact that although millions quit
studies before completing them, very few of them go on to become rich.
What the list of the super-rich dropouts signifies is that in business, a
top degree is not as important as having the right aptitude, attitude,
determination and vision.
Here are some dropouts who went on to become billionaires:
*William Henry Gates III *
(1955-), along with Paul Allen, co-founded Microsoft Corporation, the
world’s largest software maker. Bill Gates, the wealthiest person in the
world with an estimated net worth of* $480 crores (Rs 211,200 crore!), *is
probably the best-known college dropout.
Gates attended an exclusive prep school in
students in the mid-70s, he and Paul Allen wrote the original Altair BASIC
interpreter for the Altair 8800, the first commercially successful PC.
In 1975, Micro-Soft - later Microsoft Corporation - was born. Three decades
on, Gates has been Number One on the Forbes 400 for over a dozen years. And
here’s something you probably didn’t know: The Bill & Melinda Gates
Foundation currently provides 90 per cent of the world budget for the
attempted eradication of polio.
[image: www.FunAndFunOnly.net]
*Larry Ellison ***
*
co-founder and CEO of Oracle Corporation, founded his company in 1977 with a
sum of $2,000. Once a school dropout, he is now, according to *Forbes*, one
of the richest people in
figure also makes him the ninth richest in the world.
As a young man, Ellison worked for the Ampex Corporation, where one of his
projects was a database for the CIA. He called it Oracle, a name he was to
reuse years later for the company that made him famous.
Interestingly, the organisation’ s initial release was Oracle 2. The number
supposedly implied that all bugs had been eliminated from an earlier
version.
Ellison is quite a colourful man, and has long dabbled in all kinds of
things. Want to learn more? Try his biography, **
*The Difference Between God and Larry Ellison. *
[image: www.FunAndFunOnly.net]
*Dhirubhai Ambani***
*Dhirajlal Hirachand Ambani (1932-2002)*
was born into the family of a schoolteacher. It was a family of modest
means. When he turned 16, Dhirubhai moved to
gas-station attendant, then as a clerk in an oil company.
He returned to
$375. By the time of his demise, his company - Reliance Industries Ltd - had
grown to become an empire, with an estimated annual turnover of $120 crores!
Dhirubhai was, in his lifetime, conferred the *Indian Entrepreneur of the
20th Century Award *
*by the Federation of Indian Chambers of Commerce and Industry. A Times of
wealth in this century. *
Dhirubhai’s is not just the usual rags-to-riches story. He will be
remembered as the one who rewrote Indian corporate history and built a truly
global corporate group. He is also credited with having single-handedly
breathed life into the Indian stock markets and bringing in thousands of
investors to the bourses.
[image: www.FunAndFunOnly.net]
*Steve Jobs***
*Steven Paul Jobs (1955-) and Apple Computer are names that have long gone
together. *
*Born in the
adopted soon after birth. After graduating high school, he enrolled in Reed
College, dropping out after one semester. *
*In 1976, 21-year-old Jobs and 26-year old Steve Wozniak founded Apple
Computer Co. in the family garage. Jobs revolutionised the industry by
popularising the concept of home computers. *
*By 1984, the Macintosh was introduced. He had an influential role in the
building of the World-Wide Web, and also happens to be Chairman and CEO of
Pixar Animation Studios. *
*Today, with the iPod, Apple is bigger than ever. Incidentally, Jobs worked
for several years at an annual salary of $1. It got him a listing in the
Guinness Book as `Lowest Paid Chief Executive Officer.’ He was once gifted a
$9 crores jet by the company though. And his net worth? Moer than $3
billion. *
[image: www.FunAndFunOnly.net]
*Michael Dell***
*Michael Saul Dell (1965- )** *joined the
the intention of becoming a physician. While studying there, he started a
computer company in his dormitory, calling it PC’s Limited. By the time he
turned 19, it had notched up enough success to prompt Dell to dropout.
In 1987, PC’s Limited changed its name to Dell Computer Corporation. By
2003, Dell, Inc. was the world’s most profitable PC manufacturer. Dell has
won more than his fair share of accolades, including Man of the Year from **
*PC Magazine *and EM>CEO of the Year from *Financial World*.
*Forbes, in 2005, lists him as the 18th richest in the world with a net
worth of around $1600 Crores.. *
*Not bad for just another dropout. *
[image: www.FunAndFunOnly.net]
*
Subhash Chandra Goel*
Here’s something not many people know about **
*Subhash Chandra Goel *: The Zee chairman dropped out after standard 12.
Subhash Chandra started his own vegetable oils unit at 19. It was, in a
manner of speaking, his first job. Years later, a casual visit to a friend
at Doordarshan gave him the idea of starting his own broadcasting company.
We all know how that story ran.
Chandra knew nothing about programming, distribution or film rights. What he
did understand quite well was the Indian sensibility though. Funded by
businessmen, Zee came into being as
Today, it reaches 320 lakhs homes, connecting with 20 crores people in South
Europe,
*Moral of the story:*
good info.