What It Takes To Be A Billionaire: Advice Straight From The Horse’s Mouth

Forget Determination And Hard Work

We grow up with the notion that hard work and perseverance always pays off. However, these traits only get us so far in life and then there really isn’t any clear roadmap or blueprint that will lead us down the straight and narrow toward success. With that in mind, here are five sage pieces of advice from self-made billionaires themselves on how they made it to the peak of fortune.

Warren Buffet: Think Long Term

Warren Buffet: Think Long Term

Net Worth: USD$ 80.2 Billion

The business magnate only accumulated most of his wealth after turning 50 and still continues to make strategic investments to multiply his wealth to this day. Buffett once said, “Successful investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can’t produce a baby in one month by getting nine women pregnant.”

Mark Zuckerberg: Always Have A Side Hustle

Mark Zuckerberg: Always Have A Side Hustle

Net Worth: USD$ 72.3 Billion

Although not every one of our hobbies or extracurricular pursuits will develop into the next Facebook, Mark Zuckerberg believes having a side project outside of a job is one of the most important things young professionals can do to make you more well rounded. "I probably learned more coding from random side projects that I did than from the courses I took in college," he says. He often asks job candidates the question, "what is something that you've built that is outside of the jobs you've done?”

Li Ka-Shing: Lead A Balanced Life

Li Ka-Shing: Lead A Balanced Life

Net Worth: USD$ 34.4 Billion

The Hong Kong based investor is one of Asia’s most influential tycoons. He believes that being married to your job and overworking your mind and body drives you in the opposite direction of success. “Invest in your life by learning new skills, strengthening your self-confidence, expand your horizons with travel and ultimately, by nourishing you mind, body and soul, the wealth will follow”.

Zhou Qunfei: Dare To Do What Others Are Afraid Of

Zhou Qunfei: Dare To Do What Others Are Afraid Of

Net Worth: USD$ 8 Billion

In March, the former factory worker turned founder of Lens Technology, a manufacturer of glass screens for Apple and Samsung phones, Zhou Qunfei, topped the Forbes’ list of richest self-made women. Growing up in a small village in central China and having her mother die when she was five, she did not have the luxury of attending secondary school and was left with the only option of getting married as a teenager and spending her whole life in the village. Fearlessly going against the grain, “I chose to go into business and make a living on my own and I never regretted it” says Zhou. Later on, after three years of working at a factory making watch lenses for about $1 a day, she ventured out once again on her own with a meagre $3,000 in her pocket to start a workshop making watch lenses for customers before making the switch to making glass screens for mobile phones that skyrocketed her to success today.

Justine Musk: Create Value The World Needs

Justine Musk: Create Value The World Needs

Net Worth: USD$ 1.5 Million

Over the nine years she was married to Elon Musk, Justine Musk had a ringside view of how one of the most innovative entrepreneurs of our time rose to fame and fortune. In her own thoughtful yet sobering words she believes that, “the world doesn't throw a billion dollars at a person because the person wants it or works so hard they feel they deserve it. The world does not care what you want or deserve. The world gives you money in exchange for something it perceives to be of equal or greater value: something that transforms an aspect of the culture, reworks a familiar story or introduces a new one, alters the way people think about the category and make use of it in daily life.”


Written by
Poppy covers a wide range of topics at Billionaire, having spent the past 13 years at companies including Singapore Tatler, Her World Plus and Harpers Bazaar UK. She has a passion for fashion, jewellery and travel as well as an avaricious fascination with crime novels. Follow her at poppypskinner on Instagram.

 

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