The media will tell you that, Jeff Bezos had a summer job as an employee of McDonald’s at the age of 16. At age 22 he had a job at Wall Street. He launched Amazon at the age of 30. Mr Bezos became a millionaire at the age of 33. At age 35 he was a billionaire, and on and on.
This is true. Just that it didn’t come as simple as that.
Entrepreneurship is not a popularity contest.
It is not an arena for the display of wealth, neither a competition for who is who in the world of business. It is far from it.
Jeff Bezos is the richest individual in the world today. His real-time net worth as I write today stands at USD $ 114 billion, checking from Forbes real-time rankings. As of June 2018, his net worth was USD $112 billion, checking from the same source. His closest ally Bill Gates has a real-time net worth of USD $ 106 billion.
It is likely you may not have heard of this till now. Jeff Bezos is the Founder of the e-commerce leviathan, Amazon. He foundered Amazon from his garage in Seattle, USA on July 5, 1994.
Over the years Amazon has been engaged in a massive recapitalization exercise mainly using retained earnings from the company. This means that the company keeps reinvesting its profits to create more positive cash flow and develop its systems. Until recently, shareholders of
Amazon had not received dividends for years throughout the recapitalization exercise.
Jeff Bezos was missing out from Forbes list of top 5 richest men in the world for several decades till the year 2016 and 2017.
In 2018 he emerged as Forbes Richest Man overthrowing Bill Gates whose net worth stood at USD$ 90 billion as at June 2018. Jeff Bezos is the first person ever to exceed the net worth of USD$ 150 billion in the 3 decades of Forbes operations in 2019.
Keep a low profile just to be able to increase your assets and create more positive cash flow. Many people who are expectant of you keeping up with the Joneses will decide to ridicule you but always bear in mind that, entrepreneurship is not a popularity contest. You have but yourself alone to impress. Keep this in mind and go for gold. There is no time to impress people whose predisposition have always been that of hatred and envy. The world is yours if you are able to do this! Go out there and make yourself proud.
Source: How To Start Small a book by I.K Adusei.
To purchase this book worldwide go to: abnonline.org/books