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Feb 3, 2023 · Top 20 List of Famous Entrepreneurs of All Time With Net Worth 1. Jeff Bezos 2. Bill Gates 3. Mark Zuckerberg 4. Larry Page And Sergey Brin 5. Richard Branson 6. Steve Jobs 7. Larry Ellison 8. Ritesh Agarwal 9. Vijay Shekhar Sharma 10. Elon Musk 11. Steve Ballmer 12. Mukesh Ambani 13. Oprah Winfrey 14. Jack Dorsey 15.
- Who Are the 10 Greatest Entrepreneurs?
- John Rockefeller
- Andrew Carnegie
- Thomas Edison
- Henry Ford
- Charles Merrill
- Sam Walton
- Charles Schwab
- Walt Disney
There is a tough truth that any small business owner has to face. Even in the best of times, the vast majority of small businesses fail. In this article, we'll look at ten entrepreneurs who not only succeeded but built vast business empires.
Here are ten entrepreneurs who built business empires, like John D. Rockefeller of Standard Oil and steel-magnate Andrew Carnegie.
John Rockefeller's fortune does not surpass the rich of modern-day; however, he is still regarded as the richest man in history.
Thomas Edison founded General Electric (GE), while Henry Ford revolutionized manufacturing, bringing cars to the masses.
Sam Walton started Walmart and modernized distribution, while Walt Disney created one of the largest media companies on earth.
Bill Gates of Microsoft and Steve Jobs of Apple made the list, among others.
You may know many of today's entrepreneurs due to their frequent appearances in the news, but there have been famous entrepreneurs throughout the last two centuries. These businesspeople changed their industries and culture, built vast wealth, and created innovations that continue to influence our lives today.
John D. Rockefeller was the richest man in history by most measures. He made his fortune by squeezing out efficiencies through horizontal and vertical integrations that made Standard Oil synonymous with monopoly. However, the price of fuel dropped drastically for the everyday consumer. The government broke up Standard Oil for good in 1911. 1
Rockefeller's hand can still be seen in the companies like Exxon (XOM) and Conoco that profited from the R&D and infrastructure they received as their piece of the breakup. 2 Rockefeller retired at the turn of the century and devoted the rest of his life to philanthropy. More than 80 years after his death, Rockefeller remains one of the great figures of Wall Street.
Andrew Carnegie loved efficiency. From his start in steel, Carnegie's mills were always on the leading edge of technology. Carnegie combined his superior processes with an excellent sense of timing, snapping up steel assets in every market downturn. 3
Like Rockefeller, Carnegie spent his golden years giving away the fortune he spent most of his life building (though not as well-remembered as some of his contemporaries, Andrew Carnegie's legacy is strong and moralistic).
There is no doubt that Edison was brilliant; however, it was his business sense, not his talent as an inventor, that clearly shows his intelligence. Edison took innovation and made it the process now known as research and development. 4 He sold his services to many other companies before striking out on his own to create most of the electrical power infrastructure of the United States.
While Edison is one of the founders of General Electric (GE), many companies today owe their existence to him–Edison Electric, Con Edison, and so on. 5 Although Edison had far more patents than he did corporate ties, it is the companies that will carry his legacy into the future. 6
Henry Ford did not invent the automobile. He was one of a group working on motorcars and, arguably, not even the best of them. However, these competitors were selling their cars for a price that made the car a luxury of the rich. 7 Ford put America–not just the rich–on wheels, and unleashed the power of mass production. His Ford Model T was the first car to cater to most Americans. 8
Ford's progressive labor policies and his constant drive to make each car better, faster, and cheaper made certain that his workers and everyday Americans would think Ford (F) when they shopped for a car. 7
Charles E. Merrill brought high finance to the middle class. After the 1929 crash, the general public had sworn off stocks and anything more financial than a savings account. Merrill changed that by using a supermarket approach by sacrificing high commissions to serve more people, making up his money on the larger volume.
Merrill worked hard to "bring Wall Street to Main Street ," educating his clients through free classes, publishing rules of conduct for his firm, and always looking out for the interests of his customers first. 9
Sam Walton picked a market no one wanted and then instituted a distribution system no one had tried in retail. By building warehouses between several of his Wal-Mart (WMT) stores, Walton was able to save on shipping and deliver goods to busy stores much faster. Add a state-of-the-art inventory control system, and Walton was lowering his cost margins well below his direct competitors. Rather than booking all of the savings as profits, Walton passed them on to the consumer. 10
By offering consistently low prices, Walton attracted more and more business to where he chose to set up shop. Eventually, Walton took Wal-Mart to the big city to match margins with the big boys–and the beast of Bentonville has never looked back.
Charles Schwab, usually known as "Chuck," took Merrill's love of the little guy and belief in volume over price into the internet age. When May Day opened the doors for negotiated fees–all broker trades had previously been the same price–Schwab was among the first to offer a discount brokerage for the individual investor. 11 To do this, he trimmed the research staff, analysts, and advisors, and expected investors to empower themselves when making an order.
From a bare-bones base, Schwab then added services that mattered to his customers, like 24-hour service and more branch locations. 11 Merrill brought the individual investors back to the market, but Chuck Schwab made it cheap enough for them to stay.
The 1920s found Walt Disney on the verge of creating a cultural juggernaut. A gifted animator for an advertising company, Disney began creating his own animated shorts in a studio garage. 12 Disney created a character inspired by the mice that roamed his office, Mickey Mouse, and made him the hero of "Steamboat Willie" in 1928. 13
Steamboat Willie was the first animated film with synchronized sound. 14
Jan 19, 2023 · Welcome to our list of the top 10 entrepreneurs to follow in 2023! In this article, we'll introduce you to some of the most innovative, successful, and forward-thinking business leaders of the moment.
- Sophia Amoruso, 30, CEO/Founder of Nasty Gal. Girl Boss, indeed! Back in 2006, a 22-year-old Amoruso decided to take her hobby of scavenging for vintage clothing online and created an eBay boutique where she sold her thrifted finds.
- Brian Chesky, 32, Co-founder & CEO of Airbnb. Back in 2004, a jobless Brian Chesky and his also unemployed roommate, Joe Gebbia, were struggling to make rent.
- Tony Hsieh, 40, CEO of Zappos. Tony Hsieh is his name, and delivering happiness is his game. Though initially skeptical, the venture capitalist invested in Nick Swinmurn's idea to create an online space to sell shoes.
- Alexa Von Tobel, 29, Founder & CEO of LearnVest.com. One of two Harvard dropouts on our list, Alexa Von Tobel was in one of the best business schools in the world, but didn't have control over her finances.
- Sonia Allan
- Jeff Bezos. Net Worth: $113.9B. E-commerce tycoon Jeff Bezos was born in Mexico on 12 January 1964. Amazon, the world’s largest e-commerce company, is owned by a 55-year-old man.
- Elon Musk. Net Worth: $164B. Elon Reeve Musk is a billionaire who is valued at $164 billion. Elon Musk is his professional name. Tesla Inc., the world’s largest electric vehicle manufacturer, and The Boring Company, a tunnel construction firm, all belong to Elon Musk.
- William Henry “Bill” Gates III. Net Worth: $96.3B. A business magnate, investor, philanthropist, and author, William Henry “Bill” Gates III was born on October 28th, 1955.
- Mark Elliot Zuckerberg. Net Worth: $55.7B. A computer programmer and Internet entrepreneur, Mark Elliot Zuckerberg was born on May 14th, 1984. He is one of the world’s most famous businessmen.