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Friday, July 12, 2024
CEOWORLD magazine - Latest - Special Reports - Millions To Billions: How many years the world’s most well-known 24 billionaires make their first million

Money and WealthSpecial Reports

Millions To Billions: How many years the world’s most well-known 24 billionaires make their first million

CEOWORLD magazine recently released data showing that most of the 100 wealthiest people – 62 percent — are self-made. But how long did it take for billionaires like Warren Buffett and Elon Musk to make their first million?

CEOWORLD magazine’s research showed that usually, it took nine years for people to become members of the two-comma club after starting their businesses. Further, the wealthiest people in the world began their extremely profitable companies when they were 29 and made their first million when they were 38.

In the case of the world’s richest man, Elon Musk, it took just four years for the Tesla CEO to hit the milestone. Musk’ current net worth is reported to be over $225 billion, which keeps him at the top of the Billionaires List.

Jeff Bezos, it took just three years for the Amazon founder to hit the milestone in his early 30s. Microsoft founder Bill Gates, it took twice as long to hit his first million (though Gates was younger than Bezos at the time, in his mid-twenties). The forth richest man in the world took six years to make his first million, culminating in a current net worth of $108.5 billion. Business magnate Warren Buffett took five years to make six figures.

Mexico’s richest man Carlos Slim Helu spent four years working towards his first million. For Inditex founder Amancio Ortega, his first million was a slower burn as it took him 11 years to get there.

Here is a list of some of the world’s 24 most well-known billionaires, their current net worth and how many years it took to make their first million:

  • Jeff Bezos
    Net worth: $148 billion
    Time it took to make their first million: 3 years
  • Michael Bloomberg
    Net worth: $96.3 billion
    Time it took to make their first million: 7 years
  • Warren Buffet
    Net worth: $112.6 billion
    Time it took to make their first million: 5 years
  • Ma Huateng (Pony Ma)
    Net worth: $32.1 billion
    Time it took to make their first million: 3 years
  • Mark Zuckerberg
    Net worth: $109.5 billion
    Time it took to make their first million: 2 years
  • Phil Knight
    Net worth: $41.1 billion
    Time it took to make their first million: 16 years
  • Elon Musk
    Net worth: $225 billion
    Time it took to make their first million: 4 years
  • Li Ka-Shing
    Net worth: $36.3 billion
    Time it took to make their first million:8 years
  • Larry Ellison
    Net worth: $128.8 billion
    Time it took to make their first million: 9 years
  • Hui Ka Yan
    Net worth: $3.1 billion
    Time it took to make their first million: 3 years
  • Larry Page
    Net worth: $114 billion
    Time it took to make their first million: 1 year
  • Leonid Mikhelson
    Net worth: $24.1 billion
    Time it took to make their first million: 9 years
  • Bill Gates
    Net worth: $108.5 billion
    Time it took to make their first million: 6 years
  • Lee Shau Kee
    Net worth: $26.4 billion
    Time it took to make their first million: 2 years
  • Amancio Ortega
    Net worth: $84.7 billion
    Time it took to make their first million: 11 years
  • Jorge Paulo Lemann
    Net worth: $14.2 billion
    Time it took to make their first million: 3 years
  • Sergey Brin
    Net worth: $109.4 billion
    Time it took to make their first million: 1 year
  • Wang Jianlin
    Net worth: $6.2 billion
    Time it took to make their first million: 3 years
  • Steve Ballmer
    Net worth: $9.7 billion
    Time it took to make their first million: 6 years
  • Carlos Slim Helu
    Net worth: $86.7 billion
    Time it took to make their first million: 6 years
  • Michael Dell
    Net worth: $66.9 billion
    Time it took to make their first million: 4 years
  • Francois Pinault
    Net worth: $30.3 billion
    Time it took to make their first million: 25 years
  • Jack Ma
    Net worth: $25.1 billion
    Time it took to make their first million: Less than a year
  • Masayoshi Son
    Net worth: $22.5 billion
    Time it took to make their first million: 2 years

Have you read?
The World’s Richest People (Top Billionaires, 2023).
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Top Most Valuable Coins For Collectors Across The Globe.
The World’s Most Influential CEOs And Business Executives Of 2023.
Which are the healthiest countries in the world for 2023?


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CEOWORLD magazine - Latest - Special Reports - Millions To Billions: How many years the world’s most well-known 24 billionaires make their first million
Despina Wilson
I am a senior editor and data journalist at CEOWORLD magazine. My job involves using infographics to report on news topics related to business and policy, with a global perspective. I hold a master's degree in journalism and have worked for newspapers and reporting projects in both the US and the UK, giving me a unique transatlantic perspective. I believe that data can enhance coverage of all news topics. As a contributor, I plan cover a wide range of issues, such as gender equality, climate change, labor, and immigration, using relevant statistics and insightful visualizations.

Email: despina@ceoworld.biz