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The stories of 21 people who went from rags to riches will inspire you. — part 3

The example is not everything, you have to follow your goal through perseverance

By Cosmin ChildPublished 2 years ago 4 min read
The stories of 21 people who went from rags to riches will inspire you. — part 3
Photo by philippe collard on Unsplash

Ralph Lauren answered a question about his aspirations for the future with the word “millionaire” in his high school yearbook.

Being wealthy and successful has always been Ralph Lauren’s goal in life. “Millionaire” was Ralph Lauren’s stated goal in his 1957 DeWitt Clinton High School yearbook, but it’s not clear whether he achieved it.

A Bronx native, Lauren was the eldest son of Jewish immigrants who had relocated to the United States from Europe. Even today, some claim that Ralph Lipschitz (later known as Lauren) continues to draw inspiration from the stars of the Golden Age of Hollywood.

Michael Gross, author of “Genuine Authentic: The Real Life of Ralph Lauren,” told Bloomberg that “he would fall into the fantasies of the movies of that era.” “He was able to immerse himself in the roles of Gary Cooper and Cary Grant in the movies he made. This ability to step into a fantasy world that he experiences in his dreams and visions is what Ralph brought to the fashion industry.”

This year, Ralph Lauren’s fortune has grown by $6.6 billion.

He was 23 when he became a millionaire as the son of two immigrants.

Apple co-founder Steve Jobs, now widely regarded as one of the world’s greatest thinkers, was raised in a modest upbringing.

He was raised by working-class parents who struggled to provide for their son. Paul and Clara Jobs, a new family, took him in. Even as a child, Steve Jobs was entranced by computers. However, Jobs was never a fan of schooling.

After failing to complete his first semester of college, he went to work for Atari, a company that makes video games. Steve Wozniak and Jobs collaborated later to create the first Apple computer. Jobs sold his Volkswagen bus and Wozniak sold his beloved scientific calculator to raise money for their startup.

Jobs was worth $1 million at the age of 23. No small feat for someone who had not inherited any of his family’s wealth to achieve this position on Forbes’ list of America’s wealthiest people at the time. By the time he was 25, he had amassed a fortune of $100 million.

He was estimated to be worth $10.2 billion at the time of his death in 2011 at the age of 56.

When Lakshmi Mittal was a child in Rajasthan, her family was poor.

Lakshmi Mittal, the steel industry tycoon, wasn’t always flush with cash. That’s not to say he was born into a wealthy Indian family in the state of Rajasthan.

He “built the foundations of his fortune over two decades by operating in the steel industry equivalent of a discount warehouse,” according to BBC News. For-profit, he bought up the parts of other steel companies that were on sale and turned them into profitable businesses.

He is the 10th richest Indian, with a net worth of $15.2 billion, according to Forbes.

One of the world’s most famous eyeglasses manufacturers, Leonardo Del Vecchio, started as a factory worker.

Having been raised by a single mother, Leonardo Del Vecchio grew up in an orphanage after she couldn’t afford to raise him on her own.

Del Vecchio took a job making molds for automobile parts and eyeglass frames to support his family.

He started his own molding business at the age of 23. In time, the eyeglass frame shop would become Luxottica, which now produces Ray-Ban and Oakley sunglasses.

Leonardo Del Vecchio is currently worth $25.1 billion, according to the latest available data.

PPR is the luxury goods group that sells Gucci and Stella McCartney under Francois Pinault’s leadership. He was teased in school for being poor.

Francois Pinault’s story of rags-to-riches success is one worth noting. After being teased by his classmates for being poor, Pinault dropped out of high school in 1947, according to Inc. After that, he began working for the timber trading company owned by his parents.

It didn’t take long before others began to call his work ethic “ruthless” because he was buying up smaller companies and selling them for large profits. A luxury goods company was founded by him after he left PPR.

Pinault’s son Francois-Henri Pinault is the honorary chairman and CEO of Kering, the luxury group that owns Saint Laurent, Alexander McQueen, and Gucci among other high-end fashion brands.

Francois Pinault and his family’s current wealth is undeniably impressive, having once been France’s richest man. $47 billion has been estimated for them.

Before he became a multi-billionaire, Sheldon Adelson delivered newspapers.

Sheldon Adelson, who is now worth $35.7 billion, was once a struggling businessman.

The son of a cab driver, Adelson was raised in Dorchester, Massachusetts by his mother and father. Adelson’s first job was delivering newspapers around his neighborhood when he was just 12 years old.

Forbes claims that Adelson “made a fortune running vending machines, selling newspaper ads, helping small businesses go public, developing condos, and hosting trade shows” after dropping out of City College of New York.

Adelson recouped most of his losses during the recession and now owns Las Vegas Sands, the world’s largest casino company.

Before he founded Oracle, Larry Ellison worked an odd job in California.

Larry Ellison, Oracle’s co-founder, and wealthiest man, has an estimated net worth of $88 billion. Ellison was raised by his single mother in Brooklyn, New York, where he was born.

His aunt and uncle raised him according to Inc., however. After his aunt’s death, the future billionaire made his way to California, where he scraped by doing odd jobs.

In 1977, he founded Oracle, a small software development firm. Today, it’s a global leader in information and communications technology (ICT).

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