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December 25, 2017

4 Famous Rags to Riches Stories to Inspire You

Everybody loves an underdog. The challenges faced by the underdog evokes an emotional response that many people can relate to – it’s why we root for them. The same can be said for the list of our 4 entrepreneurs. These individuals didn’t start off rich, they worked their way from the bottom to the top, often facing incredible adversity along the way.

Here are four rags to riches stories to inspire you on your way to success:

Oprah Winfrey

Oprah Winfrey is one of the most recognised names in the world today and the only black woman to be on the list of 400 richest people in America. However, she came from incredibly humble beginnings. As a child, Oprah had to wear potato sacks as her family couldn’t afford to buy her clothes. She was shuffled from family member to family member, not only enduring tremendous poverty but abuse as well. Her luck changed at the age of 14. Winfrey was sent to live with her father in Nashville, finally finding a stable home and education, which helped her greatly on her path to success. She became the first black female news anchor before the age of 20 and then went on the host The Oprah Winfrey Show. Oprah Winfrey is now a media mogul worth over $3 billion.

George Soros

Today George Soros is known as one of the worlds greatest investors, everything he touches turns to gold but his upbringing was vastly different. During his childhood, Soros survived the Nazi Occupation of Hungary, his native country. Hungary was then taken over by the Soviets and Soros’ father bribed a government official to help them flee the country. They made it into London where he attended the prestigious London School of Economics. After graduation, he worked menial jobs which included working at a souvenir stand. Years later, he landed a job working at a London bank before moving to America, finding a job on Wall Street. He started the George Soros Fund in 1973 and is now one of the richest investors in the world.

Larry Ellison

Ellison was born in New York’s Lower East side during World War II. Back then, the area was still a poverty-stricken enclave filled with recent immigrants just striving to survive. He was sent to the equally poverty-stricken south side of Chicago at an early age after contracting pneumonia. Despite these obstacles, he educated himself and joined Software Development Laboratories in 1977. The company went on to become Oracle, a computer company that brings in around $38 billion a year. He worked his way up to CEO and when he stepped down, his net worth was estimated to be over $46.2 billion.

Do Won Chang

Do Won Chang is the man behind famous clothing brand Forever 21. He immigrated to the United States from South Korea in 1981. Upon arrival, he worked as a gas station clerk, a janitor and a coffee shop employee simultaneously just to survive. He did this for three years until he made enough money to start his own clothing store. The business grew incredibly quickly as Chang took advantage of the new trend towards fast fashion. Today, Forever 21 has 480 locations worldwide and brings in around $3 billion a year.

Learn how you can start your rags to riches journey at one of our property investment seminars. Find out how you can build the life of your dreams.

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