What Is a Billionaire?
Simply stated, a billionaire is a person who has a net worth of $1 billion or more
In terms of purchasing power, a billion dollars is the equivalent of the following:
- 1.53 million annual passes to any of the Disney theme parks, or a pass for every man, woman, and child living in Philadelphia, Pennsylvania.
- 21,900 Cadillac CTS luxury sedans so you could drive a different luxury car every day for 60 years. If you are the frugal type, you and your spouse could each purchase a new Honda Civic every day for the same period of time.
- More than 95 million Pizza Hut hand-tossed large pizzas or 167 million Big Mac meals, complete with french fries and a soda.
- More than 2,000,000 rounds at Pebble Beach Golf Links in California, enough tee times to cover you and 99 of your best friends to play every day for the next 55 years at this iconic and very expensive golf resort.
- 50,000 fares for a 121-day around-the-world cruise on the Queen Elizabeth. In fact, a billion dollars would enable you and 415 of your closest friends to live on the cruise ship year-round, sailing from one exotic port of call to another, for the next 40 years if you desire.
7 Real-Life Ways to Become a Billionaire
Do: Invent
Do: Innovate
Don't: Think You Know It All
Do: Invest
Don't: Make Flashy Investments
Don't: Make Flashy Investments
Achieving Billionaire Status Takes Time
. The average Forbes billionaire is 63 years old, and more than 90% are over the age of 45. There are some notable exceptions to the rule as younger people are joining the ranks, generally because of products and services now possible through technological advances
Dream Big
What can you bring to the world that is unique, compelling, and helpful, with the ability to change lives and create a new business? No billionaire started a company to be mildly successful.
At age 19, Bill Gates was one of the first to recognize that personal computers could revolutionize business, education, communications, and entertainment if their operation could be simplified so that everyone could use them. This led to the founding of Microsoft. Jeff Bezos, the founder of Amazon.com, recognized a future where virtual retailers could replace brick-and-mortar operations with lower costs, wider selections, and better customer service. Billionaires are adept at discerning what can be and making it come true.
The road to a billion dollars is never easy (not speaking out of experience to be honest), but let’s hope this list will make it easier. The list will be long but hey, becoming a billionaire requires some effort. These are industries I believe the next generation of billionaires will emerge:
- Digital personification
- Advertising is a huge industry, but the effectiveness of advertisements (the percentage of people who actually engage with the ad) is very low. What if every person had a digital verson of itself with the ability to filter out what is interesting and what is not based on your personality. Or it can plan dates with other digital personas.
If you have a monopoly on this, you basically ‘control’ every person via a digital medium. - Artificial Intelligence
- AI, quite familiar to the masses already, will have huge impacts on every aspect of our lives. It can improve humanity exponentially by its unprecedented knowledge. It’s even powerful enough to eradicate humanity as a whole.
Whether the outcome is bad or not; if you’re the first one to crack Artificial Intelligence and use it for commercial goals, you might as well become the richest person on Earth - Simulated Reality
- Simulated Reality (as I’ve addressed in previous answers) could even trump AI in impact. Simulated Reality is the concept to manipulate the human brain to project certain realities within it. With this technology, what we experience as reality will change forever. You basically control the entire universe of every individual who uses your ‘products’.
- Space is the new frontier and one SpaceX, Blue Origin and Virgin Galactic are opening to the masses. We will colonize planets within and hopefully outside of our solar system, no doubt. The question is when. If you manage to place yourself as a leader in the founding of new colonies you can finally use banks outside of Earth to safely store your billions of dollars.
While the odds of becoming a billionaire by 2050 (1 in 91,000) appear to be more favorable than the odds of winning the Powerball lottery (1 in 175,223,510), becoming President of the United States (1 in 10,000,000), or being struck by lightning (1 in 700,000), achieving that level of assets is directly dependent upon the quantity and quality of “good ideas” you have that are implemented. In other words, success requires inspiration, dedication, and hard work, in addition to lots of luck.
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