17 Great Rags To Riches Stories


Now that not only have I personally turned a few thousand bucks into several million dollars (see ALL trades HERE), but in just the past few years as a teacher I’ve created 2 millionaire trading challenge students, see millionaire #1 HERE and millionaire #2 HERE

(and this young man who had just $2,000 to his name a few years ago is growing his account exponentially following these penny stock trading rules too)

…I thought now was a great time to write about some of the most impressive rags to riches stories of the Forbes billionaires list. It really makes you realize that anyone can become successful as long as they are willing to put in the time and effort that it takes. This list was compiled by Business Insider via Forbes.

First up we have Sheldon Adelson, the founder and CEO, Las Vegas Sands. Born in 1993, he has a net worth of roughly $28.5 billion. Adelson was born to Ukrainian-Jewish immigrants and enrolled at City College of New York but dropped out.

Next we have Jeff Bezos, the Founder and CEO of Amazon.com. Born in 1964, Bezos has an estimated net worth of $27.2 billion. Born to a teenage mother with a stepfather that was a Cuban immigrant, Bezos certainly deserves to be on the list.

Third we have Harold Simmons, a well-known buyout investor. Born in 1931, Simmons has an estimated net worth of $10 billion. Get this, he grew up in a “shack” in Texas that didn’t even have plumbing or electricity!

Fourth we have John Paul DeJoria, the Founder and CEO of Paul Mitchell cosmetics. I’ve actually met him in real life, and he is such an amazing and inspirational individual. Born in 1944, he has an estimated net worth of $4 billion. He is the son of two immigrants. He decided not to attend college and joined the Navy after graduating from high school.

Fifth we have David Geffen, a popular Media Executive. Born in 1943, Geffen has an estimated net worth of $6 billion. His parents emigrated from British-mandate Palestine 12 years before he was born. Geffen did not graduate from college even though he attended several of them.

Sixth we have Howard Schultz, the CEO of Starbucks. Funny writing about this guy right now, since I am currently sitting at a Starbucks. Born in 1953, Schultz has an estimated net worth of $2 billion. He grew up in Brooklyn’s housing projects and attended Northern Michigan University on a football scholarship.

Next we have Kirk Kerkorian, Vegas tycoon. This guy has an estimated net worth of nearly $4 billion and is one of the oldest members of this list, born in 1917. Kerkorian is the son of Armenian immigrants and grew up during the Great Depression. He never attended college.

Eighth we have Carl Icahn, Founder and CEO of Icahn Capital Management. With a net worth of more than $20 billion, he is one of the wealthiest on our list. Carl was born into a lower middle class family in Queens in 1936. He later earned a scholarship to attend Princeton.

Ninth we have Harold Hamm, the CEO of Continental Resources. Born in 1945, he has a net worth of more than $12 billion. He never went to college, rather, he founded his own oil company at the tender age of 22.

Tenth we have David Green, the Founder and CEO of Hobby Lobby. My sister is obsessed with this store. Green has an estimated net worth of $5 billion and was born in 1941. He grew up the son of a poor preacher in rural Oklahoma and never attended college.

11th on the list is George Soros, the Founder and chairman of Soros Fund Management. He is near the top of the list in terms of net worth as well, with an estimated value of $20 billion. Born in 1930, Soros moved to London to live with relatives after surviving the war. He supposedly had “no money and no friends” for a portion of his life.

12th we have probably the most well-known individual (and the only female) on our list, Oprah Winfrey. This television host was born in  1954 and has an estimated net worth of nearly $3 billion. She was raised by a single parent in the deep South and grew up shuttling in between Milwaukee and inner-city Nashville.

Last but not least we have Jin Sook and Do Won Chang, the Co-founders of popular retail store Forever 21. Their year of birth was not provided, but they have an estimated net worth of $5 billion. The couple moved to L.A. from South Korea as teenagers and have grown a single clothing store into a mega franchise.

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  • James Sykes II

    13th James Sykes born 1990 in Ft. Lauderdale Florida net worth to be determined #MyDreamsOfTodayWillBeMyRealityTomorrow

  • Faiz Nis

    “17 Great Rags To Riches Stories”. Umm where the fuck is the stories Tim? This just lists the people… Another BS article.

  • mo

    sheldon adelson – 1933 not 93

  • Claude Bussieres

    You probably wouldn’t take the time to read the stories if the article was 17 pages long, Faiz. You want more info? Take your mouse, copy and paste the names into your browser and VOILA! You can dwelve as deep into the lives and backgrounds of these talented individuals. Now if you’ll excuse me, that’s just what I’m going to do for a select few of the above-mentioned “stories”.

  • Claude Bussieres

    Thanks for the clarification.

  • http://www.timothysykes.com timothysykes

    some people have shitty attitudes, i’ve discovered the reasons why there are so many poor and bitter people out there, very sad

  • R. S. S.

    Did you Tim? Rather did you discover what poverty, lack of opportunity, and hopelessness does to people?

  • R. S. S.

    I suppose we could argue chicken or the egg for a lifetime…