With so many popular examples in the media today of young adults who took an entrepreneurial risk and made it big, it’s no surprise that when over five hundred adults ages 18-25 were recently surveyed and asked what their most important goals were, a whopping 88 percent listed that they want to get rich. One of the best ways to improve a skill or achieve a goal is to learn from others who have done it before. That’s why in the following infographic we’re featuring a handful of young adults who didn’t just become successful and rich—they became full-fledged billionaires.
Our goal is to help you learn more about who these entrepreneur superstars are, how they got to where they are today, and what advice they have to offer. Becoming a successful, wealthy entrepreneur doesn’t happen over night. It takes time, hard work, and a personal commitment to succeed in spite of any and all challenges you may face along the way. If you’re a young adult hoping to make it big with the next Facebook or, put yourself on a journey toward wealth by looking through and learning from the infographic below.
Download a PDF version of this post.
If you ask young people about their generation’s top life goals, the answer is clear and resounding: They want to be rich. These innovative business tycoons will show you that hard work and a little luck can get you on your way to becoming the next young billionaire entrepreneur.
Goals From Generation “Next”
A study was given to 579 18-25 year olds asking about their most important goals. According to the findings, 10% wanted to become more spiritual, 22% wanted to become leaders in their community, 30% wanted to help those in need, 51% wanted to become famous, and 88% wanted to get rich.
Successful entrepreneurs who became billionaires at a young age:
Nicholas Woodman-Net Worth: $1.3 billion
Woodman is 37 years old. He earned a degree in Visual Arts from the University of California, San Diego. His claim to fame: A decade ago Woodman craved a camera he could strap to his wrist so that his buddies could see his surfing exploits. As a result, he created GoPro; America’s fastest-growing digital imaging company. Woodman is known as the “mad billionaire” due to his unconventional behavior and eccentricities. In 2002 at the age of 26, he decided to travel around the world surfing.
Don’t be afraid to fail. Woodman’s first business venture, a retro games site, didn’t make it and lost $4 million of investors’ money.
In his words:
“Nobody needs to get their ass kicked, but it definitely helps.”
Jack Dorsey-Net Worth: $1.1 billion
Dorsey is 36 years old. Dorsey attended the Missouri University of Science and Technology before subsequently transferring to New York University. His claim to fame: He founded in 2006. Dorsey has served as CEO, chairman of the board, and executive chairman of . He is also the founder and CEO of Square, a mobile payments company. In 2008, he was named to the MIT Technology Review TR35 as one of the top 35 innovators in the world under the age of 35.
Have a daily “Do and Don’t List” and check it periodically to make sure you’re following it.
In his words:
“Make every detail perfect, and limit the number of details to perfect.”
Sean Parker-Net Worth: $2.1 billion
Parker is 33 years old. While still in high school, he interned for Mark Pincus (the current CEO of Zynga) at FreeLoader. He won the Virginia state computer science fair for developing a Web crawler, and was recruited by the C.I.A. By his senior year of high school, Parker was earning more than $80,000 a year, enough to convince his parents to allow him to skip college and pursue a career as an entrepreneur. His claim to fame: He co-founded the file-sharing computer service Napster. He later joined Facebook as the founding President and invested in it. Parker was portrayed by Justin Timberlake in the 2010 film The Social Network. He also co-founded Plaxo, Causes, and Airtime and is an investor in the music-streaming service Spotify.
Higher education isn’t always the answer.
In his words:
“If your goal is to become an entrepreneur, it would seem that college has become a very bad place to do that.”
Mark Zuckerberg-Net Worth: $13.3 billion
Zuckerberg is 29 years old. By the time he began classes at Harvard University, Zuckerberg had already achieved a “reputation as a programming prodigy.” His father taught him Atari BASIC Programming in the 1990s, and later hired software developer David Newman to tutor him privately. His claim to fame: He is best known as one of five co-founders of the social networking website Facebook. Launched Facebook from his Harvard dormitory room on February 4, 2004. Dropped out of Harvard in his sophomore year to finish working on the Facebook project. In 2010, Zuckerberg, Bill Gates, and Warren Buffett signed a promise they called the “Giving Pledge,” in which they promised to donate to charity at least half of their wealth over the course of time. Zuckerberg donated 18 million Facebook shares, worth $500 million at the time, to the Silicon Valley Community Foundation in 2012 for education initiatives.
Don’t be afraid to take a big risk.
In his words:
“The biggest risk is not taking any risk. In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”
Dustin Moskovitz-Net Worth: $3.8 billion
Mozkovitz is 29 years old (he is eight days younger than Zuckerberg). He is the world’s youngest self-made billionaire. Moskovitz dropped out of Harvard after two years and moved to California to work for Facebook full-time. His claim to fame: He co-founded the social networking website Facebook. He is the third person to be employed by Facebook. He left Facebook in 2008 to start a software company called Asana. Moskovitz and his fiancé, Wall Street Journal reporter Cari Tuna, have given more than $4.5 million to causes that range from malaria eradication to marriage equality. In 2011 Moskovitz and his fiancé co-founded the philanthropic organization Good Ventures.
To be truly successful, find something you’re passionate about.
In his words:
“You shouldn’t want to start a company just for the sake of starting a company. You should want to start a company because you believe in an idea.”
Becoming rich and successful is a goal that remains a popular dream for many. Spending time investing, associating yourself with the technology/media industries or going after your passion could put you well on your way to living the lifestyle of a young, billionaire entrepreneur.