Not all rich people in USA got their riches by being heirs and heiresses. In fact, there are many Americans who started from very humble beginnings and worked hard to succeed and become millionaires and billionaires.
Here are some of USA’s richest individuals who started from the bottom.
Earvin “Magic” Johnson is one of NBA’s greatest players. Today, Magic has a net worth of $500 million. He owns a part of the LA Dogders and LA Sparks. But Magic did not inherit any fortune from his parents; what he inherited was monumental work ethic. Through hard work, Magic became a champion in the NBA with the LA Lakers. After retiring, he went into business and succeeded there too.
Andre Young grew up in the harsh neighborhood of Compton. His harsh childhood became an inspiration for his music. Known as Dr. Dre in the music world, his albums have sold in millions. From his earnings in music, he invested in businesses and built his empire that includes Beats Electronics and Aftermath Entertainment. Today, Dr. Dre is worth around $700 million.
In 1967, Shahid Khan migrated from Pakistan to America. To pay his way to college, he washed dishes for $1.20 an hour. While still studying, Khan was hired to work for Flex-N-Gate, an automotive company. After all his hard work, Khan bought Flex-N-Gate and made the company one of the largest privately owned companies in the country.
Daymond John is the owner of FUBU clothing line. Today, John has a fortune worth $250 million. He regularly appears on the TV show Shark Tank, helping and advising upstart entrepreneurs. John’s success did not come easily. While growing up in Queens, the young Daymond worked full time through a co-op program while studying in high school.
Jay Z grew up poor in the Brooklyn Projects. He never knew his father because his father abandoned him at an early age. Channeling his hard life into his music, Jay Z became one of the best-selling rappers of all time. Today his business empire includes music, night clubs, clothing, sports, and spirits. Through his hard work, Jay Z’s net worth now is $550 million.
Jin Sook and Do Won Chang
To make ends meet, Do Won Chang worked three jobs. Do Won and Jin Sook Chang migrated from Korea to America without any money. With their hard work, they saved enough money to start the Forever 21 clothing stores chain. Today, the couple are now worth $6.5 billion.
When Jerry Yang, his mother, and younger brother moved to California from Taiwan, he didn’t speak English. But his genius began to show. He attended Stanford and got both his bachelor’s and master’s degree from the university. Together with a friend, Jerry co-created the Web site Yahoo! Today, Jerry Chang has a net worth of $1.9 billion.
R. Donahue Peebles
To be able to graduate from high school, R. Donahue Peebles had to work multiple jobs. With his insane work ethics, Mr. Peebles succeeded and founded the largest African American–owned real estate empire in the country, Peebles Corporation.
Before Tyler Perry became one of Hollywood’s stars, he survived a traumatic childhood. Perry’s carpenter father often abused him. Proving that success will appear if you don’t give up, Perry is now worth $430 million through acting, producing, writing, and directing movies.
Ulysses “Junior” Bridgeman was a son of a steel worker. Junior was a talented basketball player. He played in the NBA where he earned millions. While playing, Junior was already investing his money, and when he retired, he already owned three Wendy’s franchise. Today, Junior owns over 160 Wendy’s, making him the second in the list of people who own most Wendy’s franchises. He also invested in other business. Today, he is worth $400 million.
Oprah’s story from the bottom to becoming a media mogul is quite famous. She grew up in a poor family in Mississippi that she had to wear dresses made of potato sacks. She earned a scholarship to attend Tennessee State University where she graduated with a degree in communications. She used her communication skills to become one of the world’s most powerful women. Today, Oprah is worth $3 billion.
Sean Combs or P.Diddy experienced tragedy while still young. At a young age, he lost his father who was shot dead. To raise him, his mother worked as a model and a teacher’s assistant. P.Diddy dropped out of Howard University and built his business empire that includes music label Bad Boy Records, Ciroc Vodka, Sean John apparel, and many more. Today, he is currently the richest hip-hop mogul with a net worth of $735 million.
John Paul DeJoria
John Paul DeJoria was sent to a foster home because his family could not raise him. He spent his teens being a member of a gang, but he turned his life around and started his entrepreneurial career. He co-founded the widely successful Paul Mitchell hair products.
Janice Bryant Howroyd
Before Janice Bryant Howroyd became rich, she grew up as one of eleven children. She was the first African American to attend a previously segregated high school in her area. Her hard upbringing didn’t stop her to become very successful. She founded the ACT-1 Group, which is the largest minority woman-owned employment agency in the USA. Today, she is worth $250 million.
Robert L. Johnson
Robert L Johnson‘s parents were a farmer and a school teacher. He was the ninth of ten children. Even though his family was poor, Robert graduated with honors in high school. He received his bachelor’s degree from the University of Illinois and received his master’s from Princeton. He formed BET, the first cable network aimed at African Americans in 1979. In 2001, he sold his shares in the company and became the first African American billionaire.
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