As one of the founders of Microsoft, Bill Gates was able to build his net worth from $0 to $100 million while he was in his 20s and 30s. That is part of his brilliance that is difficult to replicate. But since then, his net worth has grown from $100 million to $85 billion over the past three decades, almost exclusively through investment in the publicly traded stock market. I want to share with you four of the lessons I learned when studying how Bill Gates grew his fortune, with a particular emphasis on the structures and philosophies he followed later in life.
A. Bill Gates held on to the equity of … Read the rest of this article!
I was recently studying the story of how Eminem built up his $400-$600 million net worth, and I was struck by how various efforts throughout his career led to vastly different financial results. The things that made Eminem rich aren’t necessarily the things that you would guess made him rich, and this is also something I suspect Eminem knows given his launch of “Shady Productions” and repeated insistence to own the equity from his efforts during the later stages of his career. I wanted to share with you four of the insights I gained from studying the economic side of Eminem’s life.
A. Eminem focused on where the profits from effort flowed, and … Read the rest of this article!