From Broke to Billionaire: 4 self-made billionaires

Wisdom Fighters | IMQFT


If my mind can conceive it, and my heart can believe it - then I can achieve it. Read about 3 self-made billionaires who went from broke to billionaire.


1. Ralph Lauren
       Fashion Magnate
       Net worth: 5.3 billion USD (2017)

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Dropped out of school to join army, then worked as a clerk at Brooks Brother.

Ralph Lauren  is an American fashion designer, philanthropist, and business executive, best known for the Ralph Lauren Corporation, a global multimillion-dollar enterprise. He has also become well known for his collection of rare automobiles, some of which have been displayed in museum exhibits. Lauren stepped down as Chief Executive Officer of the company in September 2015 but remains its Executive Chairman and Chief Creative Officer. As of October 2016, Forbes estimates his wealth at $5.5 billion, which makes Ralph Lauren the 233rd richest person in the world. Wikipedia



2. Do Won Chang
Founder Forever 21
Net worth: $2.8B (2017)


Worked as a janitor, gas station attendant, and in a coffee shop at the same time when he first moved to America.

Do Won Chang born March 20, 1954, is a Korean-born American businessman. He founded the clothing retail store Forever 21. He and his wife, Jin Sook, opened a clothing store then named Fashion 21 in 1984 in Highland ParkLos Angeles. The store took off, and as they expanded to other locations the store's name was changed to Forever 21. The number of stores grew to 457 by 2010. The company has remained a family operation. Forbes in 2012 estimated Chang and his wife's net worth to be $4 billion. Wikipedia



3. John Paul Dejoria
Founder of Patrom and Paul Mitchel
Net worth: 3.2 billion USD (2017)

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Sent to live in foster care as a child, later lived in his car selling shampoo door to door.
John Paul Jones DeJoria  was born the second son of an Italian immigrant father and a Greek immigrant mother on April 13, 1944  in the Echo Park neighborhood of Los Angeles, California. His parents divorced by the time he was two years old, and at nine he began selling Christmas cards and newspapers with his older brother to support his family. He grew up in Atwater Village on Garden Ave and then Revere. He attended Atwater Elementary and John Marshall High School. When his single mother proved unable to support both children, they were sent to an East Los Angeles foster home. As a youth, DeJoria was a member of a street gang, but decided to change his life after being told by his high school math teacher that he would "never succeed at anything in life". He graduated from high school in 1962 and spent two years in the United States Navy  serving on the USS Hornet,  after which he held a series of jobs ranging from a janitor to an insurance salesman. Wikipedia


4. Howard
CEO Starbuks
Net worth: 3.1 billion USD (2017)

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Grew up in a housing complex for the poor.

Schultz was born to a Jewish family  on July 19, 1953 in Brooklyn, New York, the son of ex-United States Army trooper and then truck driver Fred Schultz, and his wife, Elaine (Lederman). With his younger sister, Ronnie, and brother, Michael, he grew up in theCanarsie Bayview Houses of the New York City Housing Authority. As Schultz's family was poor, he saw an escape in sports such as baseball, football, and basketball, as well as the Boys and Girls Club. He went to Canarsie High School, from which he graduated in 1971. In high school, Schultz excelled at sports and was awarded an athletic scholarship to Northern Michigan University – the first person in his family to go to college. A membeIn 1998, Schultz co-founded Maveron, an investment group, with Dan Levitan. In 2016, Forbes magazine ranked Schultz as the 595th richest person in the United States, with a net worth of $2.9 Billion as of September 2016. In 1998, Schultz co-founded Maveron, an investment group, with Dan Levitan. In 2016, Forbes magazine ranked Schultz as the 595th richest person in the United States, with a net worth of $2.9 Billion as of September 2016. Wikipedia