Wednesday 25 September 2013

Forbe's list of 15 'Rags to Riches' story!


Guy Laliberté: 



According to celebs 101, Laliberte ate fire on the 
streets before introducing Cirque du Soleil to the world.

The Canadian-born Laliberté began his circus career 
busking on the streets: playing accordion, walking on 
stilts and eating fire. He gambled by bringing a successful 
troupe from Quebec to the Los Angeles Arts Festival in 1987, 
with return fare. The bet paid off, and the circus group was 
eventually brought to Las Vegas, where they became the 
world famous Cirque du Soleil we know today.
Today, Laliberté is the CEO of Cirque, a professional 
poker player and space tourist, with a total worth of 
$2.5 billion.

John Paul DeJoria



According to Forbes, lived in his car before John Paul 
Mitchell Systems took off.


As a first generation American, DeJoria has it rough 
from the beginning. His German and Italian parents 
divorced when he was two, and he sold Christmas 
cards and newspapers to help support his family before 
he turned 10. He was eventually sent to live in a foster 
home in Los Angeles.
DeJoria spent some time as an L.A. gang member before 
joining the military. After trying his hand as an employee 
for Redken Laboratories, he took a $700 loan and created 
John Paul Mitchell Systems. He hawked the company's 
shampoo door-to-door, living out of his car while doing 
so. But the quality of the product could not be denied, and 
now JPM Systems is worth over $900 million annually. 
He also created Patron Tequila and has a hand in a variety 
of industries, from diamonds to music.
Ursula Burns 

Going by Bloomberg's account, Ursula grew up in 

a housing project on Manhattan's Lower East Side 

and now runs Xerox.

Before the Lower East Side was cool, it was a hub 
for gangs. Burns was raised by her single mother in 
a housing project there. Her mother ran a daycare 
center out of her home and ironed shirts so that she 
could afford to send Ursula to Catholic school. She 
went to NYU, and from there became an intern at Xerox.
She's now Xerox CEO and chairwoman. She's the 
first African-American woman to be the head of a 
Fortune 500 Company.

Howard Schultz

Mirror news disclosed that Howard grew up in the

 Brooklyn projects before discovering, and now 

leading, Starbucks


Schultz grew up in the Bayview projects of Canarsie, 
Brooklyn. He always wanted to climb "over the fence" 
and go beyond the lifestyle provided by his truck-driving 
father. Despite destitution, he excelled at sports and 
earned a football scholarship to the University of 
Northern Michigan.
After graduating with a degree in communications, 
Schultz went to work for Xerox before discovering 
a small coffee shop called Starbucks. Enamored with 
the coffee, he left Xerox to become the company's 
chief executive in 1987. After beginning with 60 
shops, Starbucks now has over 16 outlets worldwide, 
giving Schultz a net worth of $1.1 billion. He even 
went on hiatus and came back as CEO to  lead 
Starbucks out of a decline.

Li Ka-shing 


Harvard Business Publishing reports that  Shing 
quit school at 15 to work in a plastics factory 
and is now the world's richest East Asian.

The family of Li Ka-shing fled mainland China 
for Hong Kong in 1940, and Li's father died of 
tuberculosis when  he was just 15. Quitting 
school to work to support his family, Li made 
plastics and later plastic flowers for  U.S export.
By 1950 Li was able to start his own company, 
Cheung Kong Industries. While at first manufacturing 
plastics, the company later moved into real estate. 
Similarly, Li expanded his ownership of different 
companies, and today has his hands in banking, 
cellular phones, satellite television, cement 
production, retail outlets, hotels, domestic 
transportation, airports, electric power, 
steel production, ports and shipping, and 
investment in cool apps, among other industries.

Francois Pinault 
Xfinity reports that Pinault was a high school 
dropout who now leads luxury goods group PPR.

Pinault quit high school in 1947 after being teased 
for his poor background. He joined his family's 
timber trading business and in the 1970s began 
buying up smaller firms. His ruthless business 
tactics — including slashing jobs and selling his 
timber company only to buy it back at a fraction 
of the cost when the market crashed — gave him 
a reputation as a "predator." He had similar tactics 
in the real estate business, and did well buying 
French junk bonds and taking government money 
to save businesses from bankruptcy.
His self-made worth helped him start PPR, a luxury 
goods group that sells brands like Gucci and Stella 
McCartney. At one point the richest man in France, 
Pinault is now worth a cool $8.7 billion, has historic 
homes around the world and is the father-in-law 
of actress Salma Hayek.

Leonardo Del Vecchio 


According to ForbesVecchio 

was an orphaned factory worker 

whose eyeglasses empire today 

makes Ray-Bans and Oakleys.


Del Vecchio was one of five children 
who could not be supported by his widowed 
mother. After growing up in an orphanage, 
he went to work in a factory making molds 
for auto parts and eyeglass frames, where 
he lost part of his finger.
At 23, he opened his own molding shop. 
That eyeglass frame shop expanded to 
the world's largest maker of sunglasses 
and prescription eyeware. Luxottica makes 
brands like Ray-Ban and Oakley, with 6,000 
retail shops like Sunglass Hut and LensCrafters. 
His estimated net worth is now above $10 billion dollars. 


Kirk Kerkorian 

Smart Money Daily  revealed that Kerkorian 

went from boxer and Royal Air Force pilot to 

Las Vegas mega-resort owner.


Kerkorian, who learned English on the streets, 
dropped out of 8th grade to become a boxer. 
His family was a casualty of the Great Depression, 
and Kerkorian went about finding skills to help bring 
income home. He became a daredevil pilot for the 
Royal Air Force during World War II, delivering 
supplies over the Atlantic on routes that would 
crash  one in four planes. 
From the money he made running supplies, 
Kerkorian became a high roller on the craps 
table and eventually a real estate magnate in 
Las Vegas: he bought The Flamingo and built 
The International and MGM Grand, stalwarts of 
the Vegas scene. His net worth today is at $16 
billion dollars.

Sheldon Adelson
Minyanville revealed is another Las Vegas hotels 
magnate who tried his hand at a few industries.
Adelson grew up in tenement housing Massachusetts, 
where he shared a bedroom with his parents and 
three siblings.  His father was a Lithuanian taxi 
driver and his mother had a knitting store. 
When he was 12 years old, he started selling 
newspapers and a few years later ran a vending 
machine scheme on the same corner.
Adelson tried his hand at a few different industries, 
from packing hotel toiletries to mortgage brokering. 
His biggest break came from developing a computer 
trade show. He turned that wealth into a purchase 
of the Sands Hotel & Casino, and later the mega-resort The Venetian.

Ingvar Kamprad 

Smart Money Daily disclosed  Kamprad was born 
in a small village in Sweden and created a mail-order 
business that became IKEA.

Kamprad lived the farm life growing up. 
But he always had a knack for business, 
buying matches in bulk from Stockholm 
to sell to his neighbors. He later expanded 
to fish, Christmas decorations, and pens.
Not satisfied with the small stuff, Kamprad 
took money from his father (a reward for good grades) 
and created a mail-order business that eventually 
became IKEA (the name comes from his initials 
plus those of his village and family farm). 
Furniture became the company's biggest 
seller, and Kamprad's use of local manufacturers 
kept his prices low. Once one of the world's richest, 
his value has fallen recently to a still-amazing $6 billion.

Roman Abramovich
According to Hubpages, Roman was an orphan 
who turned an expensive wedding gift into an oil empire.
After his parents died when he was just four, 
the Russian Abramovich was raised by his uncle 
and grandmother . Abramovich got his first break 
from an expensive wedding gift from his in-laws. 
He dropped out of college to pursue his entrepreneurial 
interests, which at first included selling plastic ducks 
out of an apartment in Moscow.
He managed a take over of oil giant Sibneft at a 
bargain price in 1995. He continued to flip his 
investments into even larger acquisitions, 
including Russian Aluminum and steelmaker 
Evraz Group. Over the years Abramovich has 
been accused of shady dealings, from paying 
out bribes and protection money to having a 
role in the gang feuds over aluminum smelters. 
It seems that being ruthless has paid off for the 
billionaire: he now owns the largest private 
yacht in the world, as well as a ton of other cool stuff. 

Richard Desmond 
The Observer states that Desmond went from 
living above a garage to creating an empire 
that published magazines like Penthouse.
Desmond grew up the son of a single mother 
after his parents divorced. The two of them 
lived above a garage, during which time 
Desmond described himself as "very fat and 
very lonely." He quit school at 14 to focus on 
being a drummer, working as a coat-checker 
to help pay bills. Though he never became rich 
from his own musical talents, he later opened 
his own record shops.
Eventually Desmond published his first magazine, 
International Musician and Recording World. 
The Desmond magazine empire would expand 
to publications like a British version of Penthouse 
and Ok!, a worldwide favorite. He now owns
 publications around the globe and is involved 
in philanthropic work. 

J.K. Rowling

Her Biography revealed that Rowling lived on 

welfare before creating the Harry Potter franchise.


In the early 1990s, Rowling had just gotten 
divorced and was living on welfare with a 
dependent child. She completed most of 
the first "Harry Potter" book in cafes, as 
walking around with her daughter, Jessica, 
was the best way to get her to sleep.
The "Harry Potter" franchise has become a 
worldwide success and J.K. Rowling is now 
worth an estimated $1 billion.

Sam Walton

His Biography revealed  Sam milked cows 
and sold magazines in Oklahoma before 
he founded Wal-Mart.
Walton's family lived on a farm in Oklahoma 
during the Great Depression. In order to make 
ends meet, he helped his family out by milking 
the cow and driving the milk out to customers. 
He also delivered newspapers and sold magazine 
subscriptions.
By 26, he was managing a variety store after 
graduating from the University of Missouri with 
a B.A. in economics. He used $5,000 from the 
army and a $20,000 loan from his father-in-law 
to buy a Ben Franklin variety store in Arkansas. 
He expanded the chain, and then went on to 
found Wal-Mart and Sam's Club. He died in 
1992, leaving the company to his wife and children. 

Oprah Winfrey 

According to Academy of Achievement, 

Oprah turned a life of hardship into 

inspiration for a multi-billion-dollar empire.

Oprah spent the first six years of her life 
living with her grandmother wearing dresses 
made out of potato sacks. After being 
molested by two members of her family 
and a family friend, she ran away from 
home at age 13. At 14, her newborn child 
died shortly after he was born. She went 
back to live with her mother, but it wasn't 
until her mother sent her to live with her 
father that she turned her life around.
She got a full scholarship to college, 
won a beauty pageant —where she 
was discovered by a radio station — 
and the rest is history. The Oprah 
name became an empire, and 
according to Forbes she is worth $2.7 billion.








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