What does it take to be a billionaire? What are the secrets of top billionaires. No, don’t expect me to write a step by step approach to be a billionaire. But it’s something which Forbes found out by analyzing 657 self-made billionaires.
Forbes analyzed the commonalities of 657 billionaires and came out with some common points among all of them.
1.Â Â Â Â Â A major percentage of billionaires were having parents with high aptitude for mathematics. The parents were either engineers, accountants or business owners.
First, a significant percentage of billionaires had parents with a high aptitude for math. The ability to crunch numbers is crucial to becoming a billionaire, and mathematical prowess is hereditary. Some of the most common professions among the parents of American billionaires (for whom we could find the information) were engineer, accountant and small-business owner.
2.Â Â Â Â Â The majority of the billionaires were born in September.
3.Â Â Â Â Â A majority of them never started the college, if started then they dropped out.
More than 20% of the 292 of the self-made American billionaires on the most recent list of the World’s Billionaires have either never started or never completed college. This is especially true of those destined for careers as technology entrepreneurs: Bill Gates (Microsoft ( MSFT – news – people )), Steve Jobs (Apple ( AAPL – news – people )), Michael Dell (Dell ( DELL – news – people ), Larry Ellison (Oracle ( ORCL – news – people )), and Theodore Waitt (Gateway ( GTW – news – people )).
4.Â Â Â Â Â The area of entrepreneurship was chosen to be Technology.
5.Â Â Â Â Â The billionaires making heavy fortunes from Finance line, were graduates orÂ MBAs.
6.Â Â Â Â Â Several of the billionaires rounded out their Yale careers as members of skulls and bones society. Skull and Bones is a secret society at Yale University in New Haven, Connecticut.
7.Â Â Â Â Â A good percentage of current billionaires worked in Goldman Sachs in their early career days.