Tuesday 17th July 2018

Resource Clips



Visual Capitalist: How 10 billionaires surmounted failure to build massive empires

by Jeff Desjardins | posted with permission of Visual Capitalist | June 19, 2018

Overcoming gut-wrenching failure is often a surprising prerequisite for achieving phenomenal success.

In fact, it’s actually quite the rarity to have an impeccable track record like the legendary investor Warren Buffett that dates all the way back to the very early years.

It’s far more normal for entrepreneurs to experience incredible amounts of adversity through their careers, whether it’s a business bankruptcy or a tragic personal setback. Instead of capitulating, these people are able to tap into their grit, willpower and discipline to help them surmount catastrophic moments and set a foundation for future achievement.

Billionaire examples

This infographic comes to us from Quick Base and it shows the career trajectories of 10 billionaires ranging from Richard Branson to Oprah Winfrey.

It shows us that experiencing massive failures is common to even the most financially successful individuals—and it’s how one gets through these tough events that really counts.

How 10 billionaires surmounted failure to build massive empires

 

Walt Disney’s first studio went bankrupt in just two years, while Jack Ma couldn’t even get a job at KFC. Elon Musk has a lengthy timeline of failures as well. Oprah Winfrey overcame multiple obstacles early on, including childhood abuse, a miscarriage at 14 and sexual abuse in the workplace.

Success consists of going from failure to failure without loss of enthusiasm.—Winston Churchill

For many of these entrepreneurs, it would have been socially acceptable to give up after these tragic events. However, as Churchill says, it was their ability to persevere that actually helps define their success in the first place.

Meanwhile, the results for the billionaires above speak for themselves.

Jeff Bezos has a massive empire and is the richest person on the planet. Winfrey became the first female African-American billionaire in 2003. Walt Disney started a studio that has stood the test of time, and Jack Ma is a well-known billionaire and personality even outside of China.

Posted with permission of Visual Capitalist.

Share |

View All: News Stories