Ideas on how to become rich - How to become a billionaire, part 2

Ideas on how to become rich - How to become a billionaire, part 2

Welcome to the series here on my site that explores how to become a billionaire. In the previous post here on how to become a billionaire, I listed out my methodology and exploration method of this very interesting topic, and here in this post I will be giving the general lessons that we can learn from billionaires and how we can follow these ideas. In other words, this is a very general summary of how to become a billionaire and become very rich.

In the previous post, I explained the methodology, in future posts I shall show various examples of companies that made their owners billionaires and explore those ideas. In this post, generalisms - to the extent that generalisms can be true, since they differ from case to case. Here's a summary of "how to become a billionaire"... ...

Summary and general points on how to become rich the way billionaires made their money

1. Usually the starting point is a great idea or a great concept, and usually that has nothing to do with making money initially, but providing a service or some product that is needed or will soon be needed. This means that sometimes the starting point to becoming rich is a great idea or a great concept, and that idea or concept translates into money much later.

2. If not a great idea, then it usually turns out to be that the person who eventually became very rich started working very hard and very young. Most millionaires and some billionaires became rich this way, working their way up the corporate ladder. This seems to be a very common way of becoming a billionaire eventually anyways. Getting promoted and getting various higher paying positions and eventually the CEO position is one key way of becoming a billionaire.

3. The company gets listed on the stock exchange. This is the one single point that we will take as given, for reasons explained in my previous post.

The learning point from point number 3 is that "how to become a billionaire" can be expressed as "get your company listed and hope that it becomes very big and expands, along with your paycheck and along with your stocks".

That's why the next few posts will deal with looking at various case studies of billionaires and their companies, and mostly focuses on the companies that make the billionaires possible. In other words, the businesses. The various businesses that took different routes, but ended up rich and prosperous and made their shareholders rich and in some cases billionaires.

4. The company expands by wise strategic moves and by excellent leadership - or in some cases luck and fortune. This differs from company to company and in some cases mergers and acquisitions are the order of the day, whereas in some other cases some companies do not merge with other companies but instead expand their range and power via products and reach. Some conduct international trade, and some discovered the internet, and some make their money BECAUSE of the internet. More on that interesting and very obvious story later.

5. The billionaires in question become very rich because of their control of a great company that makes a lot of money.

That's it. It is simple but true.


This also shows you that the best way to become a billionaire or to become fabulously rich is to have stocks. Either you have a great idea that turns into a money making company that is listed and you have lots of company stock as well as ownership of a such a money making and great business ; or you have to have wise investment strategies that enable you to buy other people's companies in which those great ideas make money for their shareholders (including yourself). Therefore, as many pundits have concluded, and it is rather clear to me, ownership of stocks, and in particular well performing stocks, is the key here to becoming very rich. If you own the company, well and good and you have the potential to become a billionaire. If you don't own the company, then you have to buy little parts of it, but you can still become very rich, so there aren't any worries there if you are astute, well researched and clever.

Now you have it - the secrets of becoming a billionaire and very wealthy. It all seems very simple in theory.

The devil of course is in the details, and more important company analysis to come here in future posts! Stay tuned here for more, cheers, and thanks for reading.

Note and disclaimer:

Note here that my analyses in both the previous post and this one both do not cover:

people who became billionaires by inheritance,
lawsuits,
marrying a rich person who already happened to be one,
foundations that already possess such wealth,
national leaders/ sovereigns/ kings, among other wealthy people.

If you want to become a billionaire via those means, then it might work for you. This site explores ideas of how to become rich and these ideas in the posts to come are workable and tried and tested ideas rather than those that depend on fortune - marrying rich, being born rich, and the like. Thanks for the understanding.

Ideas on how to become rich