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How did billionaires fail before they succeeded?

Success does not come naturally but requires hard work, perseverance, and unremitting efforts. On the business path, you will inevitably fail. That is also a bloody lesson for you to improve yourself. When we do our best at work, trying to complete with all our ability, we will also achieve what we want.

Billionaires in the world have also failed many times, what makes them successful is that they do not give up. Read these stories and you will see:

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How billionaires failed before they succeeded…

1. Bill Gates – King of Microsoft.
Image: AFP
Image: AFP

Bill Gates is an American businessman, philanthropist, author, and chairman of Microsoft Corporation, the world’s leading computer-related software and services company today. He has always been ranked in the list of the richest billionaires in the world voted by Forbes magazine for many years.

However, in order to have the success as today, Bill Gates had to work hard and was even considered crazy for his decision to drop out of the world’s top university, Harvard.

He showed a natural talent and interest in the field of technology and especially computer software from an early age. In 1974, Bill Gates decided to drop out of school and collaborate with his partner Paul Allen to found the Basic programming language. Furthermore, he sells the copyright to MITS Company and then build Microsoft, the world’s largest software company.

At Microsoft, Bill Gates holds the position of CEO and directs the software business development for the corporation. Near the end of his career, Bill Gates engaged in the pursuit of philanthropy, donating and supporting a large amount of money for charities and scientific research through the Bill & Melinda Gates Foundation, founded established in 2000.

2. Jack Ma – Rise from failure.
Jack Ma – Rise from failure.
Jack Ma – Rise from failure.

Jack Ma’s successful business story becomes a useful lesson in life and career for everyone. He is known as the founder and executive chairman of Alibaba Group, China’s leading prestigious e-commerce platform. He is also the first Chinese businessman to appear on the cover of Forbes magazine.

According to Jack Ma’s share, he was originally a poor student, failed the exam many times, and was rejected by Harvard University after more than 10 times persistently submitting his application. After graduating from university, he applied to 30 different companies, and all 30 of them refused. However, he did not give up and worked every day to get the success he is today.

In 1999, Jack Ma and other associates planned to found Alibaba, a business-to-business portal, connecting Chinese manufacturers with overseas buyers. This company operates two giant e-commerce websites, Taobao and Tmall, with hundreds of billions of dollars in assets.

The lesson of Jack Ma shows that success is never an easy choice. In addition to perseverance, determination, and talent, you also need to constantly try and overcome your limits.

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3. Mark Elliot Zuckerberg – Facebook boss.
Mark Elliot Zuckerberg – Facebook boss.
Mark Elliot Zuckerberg – Facebook boss.

Mark Elliot Zuckerberg is currently one of the youngest billionaires in the world and co-owner of the number 1 social network today – Facebook with billions of dollars in revenue.

Mark’s business lessons will help us a lot on the way to conquer the top and become an outstanding leader. This man’s journey to success was not as easy as it seems, to have the developed social network as it is today. He had to sacrifice a lot of things such as dropping out of Harvard, refusing money. giant just to follow the dream.

While studying at Harvard University, Mark Zuckerberg founded a website called, but was ordered by the school management to shut down because it was “unacceptable for the purpose of”.

One of Mark’s famous quotes: “The biggest risk is not taking risks. In an ever-changing world, the only route to failure is not taking risks.”
After years of development efforts, Mark Zuckerberg has created a social network that helps connect and update friends quickly. It also changes the way the world communicates and brings people closer together.

4. Phil Knight – the father of Nike.
Phil Knight - the father of Nike.
Phil Knight – the father of Nike.

With a net worth of $21.6 billion, Phil Knight is also one of the richest self-made billionaires in the world. Phil Knight started his Blue Ribbon Sports shoe import company starting with a $50 loan from his father. That was the beginning of many years of living in debt. He had to beg banks for more credit so he could import more shoes to sell. He rarely has savings because he always brings all the profits out to import more goods.

Knight also had difficulties with suppliers. In the end, he ended the partnership and founded Nike. The company fell into crisis many times, but Knight and his associates always found a way out. Currently, Phil Knight owns a fortune of $ 33.5 billion, ranked 28th in the list of the world’s richest people in 2018 by Forbes Magazine.

He served as CEO of Nike from 1964 to 2004, as president until 2016, and is currently the company’s emeritus president. Nike currently has annual revenue of about $34 billion with 74,400 employees and offices in 52 countries around the world.

5. Sam Walton – The retail king in the US used to be a cow milkman, distributing newspapers.
Sam Walton – The retail king in the US used to be a cow milkman, distributing newspapers.
Sam Walton – The retail king in the US used to be a cow milkman, distributing newspapers.

Dubbed “retail king”, Sam Walton – founder of retail group Wal-Mart is historically recorded as one of the richest people in the world in the late 20th century and early 21st century. Sam Walton created a revolution in business at that time, but few people know that he started with just a few pennies.

Sam Walton has worked many jobs as a newspaper delivery man, security guard, restaurant server to support himself, pay school fees since childhood. After graduating from college, he worked for J.C. Penny, where he learned his first retail experience.

He took out a loan to buy the first store, and thanks to a simple initiative in business, he soon bought the second… And the first Wal-Mart store opened on July 2, 1962, in Rogers, Arkansas. On the last day of life in 1992, he owned 1,960 Wal-Mart stores, 380,000 employees, and an annual sales rate of about $50 billion.

Most of the wealthiest and most successful people in the world are those who have experienced many hardships and failures, but they have been strong enough to achieve great things instead of letting fate drag them behind. For them, SUCCESS is always UNLIMITED. The road to success is not lined with roses, change and grasp the right mindset to realize your dreams instead of surrendering to fate.

Lesson: Don’t blame your lack of wealth, lack of schooling, and difficulties for your failure. All successful lessons are lessons about perseverance, overcoming difficulties, and challenges.

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