Rich Karlgaard, publisher of Forbes Magazine wrote an essay in the latest billionaire's edition about How to Become A Billionaire - Zero by Zero.
He starts with what he thinks people mean by "millionaire" today - an 8 figure net worth ($10 - 99 million). He thinks that there are hundreds of these in every big city in America - either CEO's or people with their own successful businesses. Alternatively, you can become a partner at a top law firm or investment bank - if you have the right credentials.
To get to the next step, 9 figures ($100 - 999 million), he thinks you need to create "a company beloved by the capital markets", and then sell it through an IPO or to another company.
To take the final step, and become a billionaire, requires you to build a company that follows a Moore's Law curve (doubling every year) and scale it up globally.
He starts with what he thinks people mean by "millionaire" today - an 8 figure net worth ($10 - 99 million). He thinks that there are hundreds of these in every big city in America - either CEO's or people with their own successful businesses. Alternatively, you can become a partner at a top law firm or investment bank - if you have the right credentials.
To get to the next step, 9 figures ($100 - 999 million), he thinks you need to create "a company beloved by the capital markets", and then sell it through an IPO or to another company.
To take the final step, and become a billionaire, requires you to build a company that follows a Moore's Law curve (doubling every year) and scale it up globally.