“Courage is resistance to fear, mastery of fear – not absence of fear.”
It’s difficult to grasp the concept of one person being in control of a billion dollars–a billion dollars!–even in the later stages of a fantastic career. But someone in their thirties? Or even twenties? Crazy.
It’s not though, and we can’t write the world’s youngest billionaires off as merely lucky or just born into the right family, either. Some of them definitely had a little of column A and a bit of column B, but you can lose a billion dollars as quickly as you can lose $100 if luck is all you have going for you.
No, these super-rich young people have a lot more going for them than dumb luck. There’s much to be learned from the world’s youngest billionaires:
Drew Houston, co-founder of Dropbox
Houston famously said, “Don’t worry about failure, you only have to be right once.”
He should know–the American Internet entrepreneur is worth about $1.2 billion, according to Forbes, and he just celebrated his 31st birthday in March.
Was he lucky to have found that one great, big, right idea at such a young age? Not really. In his 2013 commencement speech at MIT, Houston credited his closest influencers as key to his success, telling the audience, “They say that you’re the average of the five people you spend the most time with…. If I hadn’t come here, I wouldn’t have met Adam, I wouldn’t have met my amazing co-founder, Arash, and there would be no Dropbox. One thing I’ve learned is surrounding yourself with inspiring people is now just as important as being talented or working hard.”
Anton Kathrein Jr., Kathrein-Werke AG
Anton Kathrein Jr. will celebrate his 30th birthday this year as the third-generation leader of Kathrein-Werke AG, the oldest and largest antenna manufacturer in the world–and his family’s business.
Founded by his grandfather in 1919, the massive company was run by Anton’s father until his sudden, untimely death, in 2012. Kathrein Jr. found himself the new leader of an enterprise worth a reported $1.8 billion.
How many people in their late twenties would be prepared for such responsibility? Since the younger Kathrein has stepped in to fill his father’s shoes, he’s won and kept the confidence of his board and investors.
It takes a resilient person to succeed in the face of such adversity, particularly after suffering a personal tragedy, as Kathrein had.
Mark Zuckerberg, Facebook founder and CEO
If it seems like you read more about Zuck’s wardrobe than his business acumen, you’re probably not far off the mark. Silicon Valley media love to pick on the young Facebook leader’s casual style. It wouldn’t be wise to write him off, though.
Zuckerberg has consistently demonstrated that he understands modern society in a way very few do–what’s happening today as much as what will happen tomorrow, or several months down the road.
He’s been quoted as saying, “In a world that changes really quickly, the only strategy that is guaranteed to fail is not taking risks.”
Time and again, he’s shown he can not only keep up with but can also stay ahead of the rapid-fire changes in how people want to communicate with one another. The true test has been in implementing his often lofty and risky ideas–and he’s passed with flying colors.
Dustin Moskovitz, co-founder, Facebook and Asana
Once the world’s youngest billionaire, Moskovitz helped launch Facebook with Mark Zuckerberg from their shared Harvard dorm room.
“There’s an idealization of being an entrepreneur, but the most important thing is to have a really great idea,” he’s said.
Great ideas are Moskovitz’s game. After leaving Facebook and dropping out of Harvard, Moskovitz co-founded the popular collaboration and productivity software brand Asana. He’s also a notable angel investor and has backed other ideas he believes worthy, including Dave Morin’s 20 million user-strong mobile photo-sharing app, Path.
Perenna Kei, Logan Property Holdings
Perenna Kei became the youngest billionaire on the planet this year at age 24, according to Forbes. The majority owner of Logan Property Holdings through a family trust and a number of different companies, Kei now controls the company her father built.
In the age of reality television and constant connectedness, Kei is a breath of fresh air. The Hong Kong native is such a mystery that news publications have been unable to find a single verifiable photo of her. An economics and finance graduate from the University of London, Kei is living proof that investing in education and working hard can still pay off.
I know, I know, it’s hard to believe that while Honey Boo Boo rules the airwaves and the Kardashians have built an empire on celebrity for the sake of celebrity, a young woman could rocket to the upper echelons of international business without so much as a TMZ article about her.
Kei is an inspiration to all people in business, but especially smart, hardworking youth–even those who prefer to stay out of the limelight.
A little about me and my expertise – video
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Investment Properties in Phoenix.
View my listings and my profile at:
Please go to my web-site and get all the newsflashes and updates in Commercial Investment Real Estate in Phoenix and Commercial Investment Properties in Phoenix daily
Check out my professional profile and connect with me on LinkedIn.
Follow me on Facebook:
Follow me on Twitter:
Follow Me on Google+
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial Investment Real Estate Broker in Arizona now for 20 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.
WHETHER YOU LEASE OR OWN
NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.
we are at on the a rise of the cycle in Commercial Real Estate. so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix. The prices on deals I may get you will not be around forever.
If you have any questions about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us.
Please reply by e-mail firstname.lastname@example.org or call me on my cell 520-975-5207 or Office:480-948-5554
Walter Unger CCIM
Associate Broker, West USA Commercial Real Estate Advisers
7077 E. Marilyn Road, Bldg 4, Suite 130
Scottsdale, AZ 85254
Office : 480-948-5554
View my listings and my profile at:
a little about me and my expertise – video
Delivering the New Standard of Excellence in Commercial Real Estate
- Commercial Real Estate Scottsdale
- Commercial Real Estate Phoenix
- Commercial Real Estate Arizona
- Commercial Investment Properties Phoenix
- Commercial Investment Properties Scottsdale
- Commercial Investment Properties Arizona
- Land Specialist Arizona
- Arizona Land Specialist
- Land Specialist Phoenix
- Phoenix Land Specialist
- Land For Sale Phoenix
- Land for sale Arizona
- Commercial Properties For Sale Phoenix
- Commercial Real Estate Sales Phoenix
- Commercial Properties Phoenix
- Commercial Properties Arizona
- Commercial Land Specialist Phoenix
- Commercial Land Phoenix
- Multifamily land Phoenix
- Retail Land Phoenix
- Industrial Land Phoenix
- Land Commercial Phoenix
- Land Retail Phoenix
- Land Industrial Phoenix
- Land Multifamily Phoenix
- Industrial Land for sale Phoenix
- Land Industrial
- Investment Real Estate
Disclaimer of Liability
The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.