Want to be a billionaire?

GV Rama Rao By GV Rama Rao, 8th Sep 2012 | Follow this author | RSS Feed | Short URL http://nut.bz/3zy9u8dm/
Posted in Wikinut>Writing>Columns & Opinions

Everyone wants to be billionaire, but only a blessed few like me know the secret to be one. Unfortunately, I learned it a bit too late in my life.

Want to be a billionaire?

Ever since childhood I had an eye for things fancy and expensive. One day, while going around the market with my dad, I noticed an exquisite carving in ivory of a beautiful maiden. The figurine looked like a virtual angel. I tugged at my father’s arm and pointed out the beautiful piece.

My father shrugged and said, “It’s expensive and only billionaires can buy.”
“Aren’t you one, Papa?” I asked.
“Billion?” he sighed and said, “I am not even a millionaire. I am now racking my brains to send you to college next year.”
“I want it badly, Papa,” I begged, almost.
“What, college or angel?”
“Both Papa.”
“Very greedy aren’t you?”

My father, instead bought a cheap ice candy for half a rupee and said, “This is what I can afford right now. You finish college, get a good job and try to be a millionaire or a billionaire, OK?”
“Yes Papa, you just watch when I finish college.”

College life.

With great difficulty, sacrificing many things dear to him, my father had me admitted in a college nearby. I, on my part, worked hard and managed to pass out with grades just above average. When I passed out, I walked out the portals of college with an “I am the billionaire,” swagger and started my life with stars in my eyes.

Ever since I have been in hot pursuit of the billions I have cherished since childhood. As ill luck would have it, I have not even reached close to a million. I tried my hand at several jobs, did some business and bought lottery tickets regularly in bulk, but the billions seem as distant and elusive as they were when I was a kid.

Now I realized where I had gone wrong. I should not have finished the college. It is school and college dropouts who made it into the list of billionaires.

Some of the world's most famous and richest billionaires including the second richest man in the world, Bill Gates, are college dropouts. The combined net worth of these dropouts is $246billion.

The most famous college dropout billionaires are Bill Gates, Mark Zuckerberg, and Steve Jobs. The other historic figures include
• Howard Hughes - American aviation engineer and movie maker
• Pablo Escobar - Colombian drug lord
• Amado Carrillo Fuentes - Mexican drug lord
• Dhirubhai Ambani - Indian business tycoon
• Adnan Khashoggi - Saudi-Arabian arms dealer
In India, three prime ministers have not finished college. Many Members of Parliament have declared their assets running into hundreds of crores. Several heads of state are worth billions, and their worth is more than what is public knowledge, thanks to the Swiss Banks that maintain a high degree of secrecy of their clients’ accounts.
I understand from Wikipedia “The average net worth of billionaires who dropped out of college, $9.4 billion, is approximately triple that of billionaires with Ph.D.s, $3.2 billion. Even if you remove the world's second richest man, Bill Gates, who left Harvard University and is now worth $59.0 billion, college dropouts are worth $5.3 billion per head on average, compared to those who finished only bachelor's degrees, who are worth $2.9 billion. According to a recent report from Cambridge, Mass.-based Forrester Research, 20% of America's millionaires never attended college.”


I am still languishing dreaming about the first million all because I finished college. Oscar Wilde said, “Nothing so retards education as going to school.”
Next time when your child goes to college advise him to drop out, the sooner the better.

Facts.


List of college-dropout billionaires
1. Bill Gates - US
2. Mark Zuckerberg - US
3. Lawrence Ellison - US
4. Eike Batista - Brazil
5. Michael Dell - US
6. Marc Rich - US
7. Ty Warner - US
8. Gautam Adani - India
9. Micky Jagtiani - India
10. Shahid Balwa - India
11. Subhash Chandra - India
12. Vinod Goenka - India
13. PNC Menon - India
14. Roman Abramovich - Russia
15. Sheldon Adelson - US
16. Amancio Ortega - Spain
17. Kirk Kerkorian - US
18. Donald Newhouse - US
19. François Pinault - France
20. Jack Taylor - US
21. Joaquín Guzmán Loera (Mexican drug lord) - Mexico
22. David Geffen - US
23. David Murdock - US
24. Ted Turner - US
25. Henry Fok - Hong Kong
26. Ralph Lauren - US
27. Mohammed Al Amoudi - Saudi Arabia
28. Stanley Ho - Hong Kong
29. Dustin Moskovitz - US
30. Richard Li - Hong Kong
Source: Wikipedia.

Tags

Bill Gates, Billionaire, Billions, Business, Business Opportunities, Childhood, College, College Admission, Drop Outs, Dropped Studies, Lotteries, Wealth

Meet the author

author avatar GV Rama Rao
I am a retired naval officer and a published author with three books to my credit. I am a winner of nanowrimo competition for 2008,9, &10. I like humor best..

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Comments

author avatar A K Rao
8th Sep 2012 (#)

That is a fantastic pieceof work Dear Rao Sir! Having read the article I am also repenting to have attending the college to complete my Masters! Nice one! Thanks for sharing!

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author avatar GV Rama Rao
9th Sep 2012 (#)

My dear Rao garu,
Many thanks for your comment. It's too late to repent. You can't unring a bell can you?"

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author avatar Retired
8th Sep 2012 (#)

That's encouraging, since I also dropped out of college --not to make billions, but to follow a spiritual path...which brings lasting inner wealth but no money at all... LOL

A nice page, GVRR! :)

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author avatar Retired
8th Sep 2012 (#)

PS--Good luck with your first billion...

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author avatar GV Rama Rao
9th Sep 2012 (#)

Amma rd,
In India especially in south we address women Amma which is an endearing form used for sisters,daughters and close relarives. It's also used by servants to address the lady of the house. I hope you don't misunderstand this. If you notice, I addressed AKRao as garu.
I can't believe you dropped out of college.Most of us here went to college, but we can learn a thing or two from you.
As for your billion, with Mata's blessings one of your books may be a bestseller and the billion will land in your lap. Be patient.
As for my billion it's too late now since I am in the evening of my life. What would I do with a billion now?

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author avatar Buzz
8th Sep 2012 (#)

In the Philippines, one can become a billionaire when one becomes president, congressman, or senator.

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author avatar Delicia Powers
8th Sep 2012 (#)

wow...great information...

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author avatar GV Rama Rao
9th Sep 2012 (#)

Buzz,
We in India have been witnessing a deluge of scams in which politicians made astronomical figures and shortchanged the public. The best way to make a billion is to be a politician.

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author avatar GV Rama Rao
9th Sep 2012 (#)

My dear Delicia Powers,
Many thanks for your comment.

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author avatar M G Singh
8th Sep 2012 (#)

Great post. Very interesting

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author avatar GV Rama Rao
9th Sep 2012 (#)

My dear Madan,
Thanks for your crisp comment.

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author avatar Denise O
8th Sep 2012 (#)

Seems like we have just abput the same plan, as far as my poor man's (lottery) stock market I have yet to win, who knows maybe one day we both will be on that list, you just never know.LOL As always, thank you for sharing.:)

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author avatar GV Rama Rao
9th Sep 2012 (#)

My dear Denise O,
During my frequent visits to Florida I used to buy lottery tickets in bulk and in the bargain must have spent thousands. I always missed the right digits by narrow margins. When we are on the list we can call all wikinuts and give a fantabulous party.

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author avatar Sivaramakrishnan A
10th Sep 2012 (#)

You have made a strong case dear GVR. But tough to take the lonely path as we can end up nothing in the end - no billions, even millions and no education. But I have a secret for anyone wanting to become a millionaire. Work in Indonesia and with your first salary you are a millionaire - one dollar is Rp. 10,000! I think in Zimbabwe one earns salaries in billions every month! siva

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author avatar GV Rama Rao
11th Sep 2012 (#)

Siva,
Those billions are not worth the weight of the paper on which they are printed.

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