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10 Rags to Riches Billionares
By siliconindia
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Monday, 24 October 2011, 16:13 IST |
5 Comments
Bangalore: If you thought that all billionaires got all their wealth from their forefathers then it is just a myth. A survey shows that almost two-thirds of the world's billionaires made their fortunes from scratch, relying on grit and determination, and not on good genes reports Tatiana Serafin for Forbes.
Sheldon Adelson, United States:
Net Worth: $26.5 billion
Sheldon, son of a Boston cab driver borrowed $200 at age 12 to start selling newspapers. He later went on to do many roles as a mortgage broker, investment advisor and financial consultant. Sheldon was a high school drop out but was a Broadway enthusiast who went to study voice in his teens. But it was another kind of stage that called him: trade shows, where he made his first fortune. Later gambled on casinos in Las Vegas, Macau and Singapore. Took his Las Vegas Sands public in December 2004.
