Most Billionaires Don't Change The World

[BizyDad]

Somewhere along the way I started seeing a myth show up in entrepreneurship, and in the forum. Like this comment.

... you know what to do. Hint: There are plenty of billionaires in the world and 90% get there through tech companies with all kinds of intellectual property, and valuations, and ultimately innovations that change the world.

Ok, he's obviously exaggerating for effect, but I think a lot of people believe that tech is the best way to billions or that you have to have huge massive impact to be a billionaire.

It's not true.

I remember reading this recent article: How Most Billionaires Made Their Money

Finance is the biggest industry for billionaires, not tech. Talk about an old school industry.

And if you really look at the industries represented, you'll see energy, fashion, manufacturing, real estate. There are way more oil billionaires than green energy billionaires, so there goes the world changing argument. And yes, there are innovators in these spaces, but world changers? I mean, a cigarette rolling company and a polyurethane company are amongst the newest billionaire owners.

You don't have to start a revolution to achieve your goals. You just have to provide something that people want.

Don't over-complicate things Fam.

Hope this helps someone today.

 

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[Elopezpicazo2103]

Great post bizy, at the end of the day is the same thing. Help people, get paid, help more people.

 

[machinistguy]

"Changing the world" is less about changing the world as it is about ego. The delusions of grandeur. If they start the next unicorn social media AI company to get the media going off about how they're the next big thing, maybe they'll feel validated. It's a selfish business vs the other path to profit, a selfless business.

A polyurethane billionaire won't get any media attention or delusions of greatness, but he's changed the world through thousands of people he's employed that can now provide for their families. He's changed the world by making everyday products more affordable and life more abundant.

And if you really look at the industries represented, you'll see energy, fashion, manufacturing, real estate. There are way more oil billionaires than green energy billionaires, so there goes the world changing argument. And yes, there are innovators in these spaces, but world changers? I mean, a cigarette rolling company and a polyurethane company are amongst the newest billionaire owners.

You don't have to start a revolution to achieve your goals. You just have to provide something that people want.

Don't over-complicate things Fam.

The amount of opportunities that open up when you make your business about what others need vs a business about what you want is immense. Your decision making is also far clearer.