Lifehack logo

Content warning

This story may contain sensitive material or discuss topics that some readers may find distressing. Reader discretion is advised. The views and opinions expressed in this story are those of the author and do not necessarily reflect the official policy or position of Vocal.

How an Eye Doctor Made $5 Billion Dollars

What's His Secret Formula?

By Amine OubihPublished 19 days ago โ€ข 3 min read
Like
How an Eye Doctor Made $5 Billion Dollars
Photo by Brands&People on Unsplash

Walking down the colorful streets at Miami Beach, Florida, and coming across a man in his sixties, with red fedora hat and wire rimmed glasses, his presence might not even make you look twice as he goes out of your sight. This scrawny guy, who appears to be a total nobody, is, in fact, a very rich man, with a one-of-a-kind tale of rags-to-riches that begins with just his optometry training. Despite this, I remain very curious to know how a third eye doctor who had no funds became a billionaire. Then, there is Herbert Wertheim, the exceptional investor whose name has since turned completely desiccated even in the minds of the numberless multitude.

A Jewish immigrant to the US from Nazi Germany in 1939, Wertheim's family resided in a poor New York neighborhood where he was the only child and attended a Jewish day school. Their move to Hollywood, Florida became their home where his parents set up a store Fronting a small flat above it. While in school Wertheim had to find his own coping strategies for undiagnosed dyslexia as the education system treating him as the problem rather than accommodating his special needs. It was his adolescence that was filled with rebellion, finally, it led him to run out of home and do not go to school regularly instead he started to find some kind of solace in the Everglades.

As a boy of sixteen he was convicted of truancy and, in order to turn the whole situation around, he joined the US Navy, a choice that would affect him globally. First he went to the Navy where found out that he possessed abilities like mechanics and organization and finally prove his intellectual aptitude. He no longer cowered under the fear of being mocked by his friends and entered into PhD programmes in physics and chemistry, laying the foundation of his lifelong journey.

Wertheim's acquaintance with trading started on the line during his excursion for the navy as well as he made money from the thriving aerospace industry. Exchanging stocks of successful enterprises like Lear Incorporated for a share, realized his talent to find promising issues early in the industry. At the time of rthe military Wertheim's next stage of his life began, working a job that asked for less hours and eventually finding what was his real passion - an optician.

Like a gift from heaven, he forged a bridge between his love for innovation and his newly acquired profession. With his special eyewear technology, he created UVA as well as UVB absorbing lenses that deeply affected the ophthalmology industry. He struck gold by founding Brain Power, Inc., because of his unparalleled expertise and experience; soon thereafter, his business became one of the most innovative optical technology companies in the world which made him wealthy and famous.

Seeking guidance from industrial legends such as Warren Buffett, Peter Lynch, and Jack Bogle among others, Wertheim crafted a careful investment strategy that hinges upon in-depth analysis and the acquisition of prominent stakes for the long haul. His portfolio includes such technology stocks like IBM, Microsoft, and Apple which decades ago germinated into indefinable heights.

Apart from his thriving banking career, Wertheim is a renowned philanthropist who uses his wealth to implement programs that advance education, healthcare, and environmental well-being. The social imperatives of giving back to community got manifested in creation of educational institutes, like Florida International University and the University of Florida Health's Scripps Institute, which are the visible evidences of a successful entrepreneur from whom many learned significant lectures.

It is the books of a history of investment that Herbert Wertheim has imprinted in our brains as the lesson of strength, intelligence, and charity. From being a poor debtor struggling to make ends meet to being the wealthiest individual in the United States, his story serves as an American Dream come true, a saga about an unquenchable desire to be one of the best in the world. When the world appreciates what Wertheim did, his legacy works as a beacon of re-inspiration for the people from the future generation, hence, telling them that if something shall be impossible in this world, then the view and will power is vital.

techtravelsocial mediaschoolproduct reviewpop culturephotographylisthow tohousehealthgardenfoodcraftsCONTENT WARNINGclothing
Like

About the Creator

Amine Oubih

๐ŸŒŸAmine Oubih๐ŸŒŸ

๐Ÿ“ Writer | ๐ŸŽจ Creative | ๐ŸŒ Explorer

Hello,I am a traveler and writer. Whether It's Real Or Fiction, I always find something interesting to write about, and I use this content to spark the desire to learn more in readers.

Reader insights

Be the first to share your insights about this piece.

How does it work?

Add your insights

Comments

There are no comments for this story

Be the first to respond and start the conversation.

Sign in to comment

    Find us on social media

    Miscellaneous links

    • Explore
    • Contact
    • Privacy Policy
    • Terms of Use
    • Support

    ยฉ 2024 Creatd, Inc. All Rights Reserved.