What Does It Take To Become A Billionaire?

The world's population is approximately 7.046 billion and according to Forbes there are 1,645 billionaires in the world. A tiny percentage of the world's population have that title. To put the number into perspective, there are approximately 13 million millionaires in the world, this is a massive gap between the number of millionaires and billionaires.


Perenna Kei is the youngest billionaire in the world at just 24 years old. She owns an 85% stake in Logan Property Holdings through different companies and a family trust. Logan’s chairman and CEO, Ji Haipeng, is her father.

So what does it take to become a billionaire, one of the world's most recognisable billionaires, Bill Gates shared some tips?

• Get Smart ~ People don't become billionaires by accident. Take every opportunity you have to ask questions, never stop learning, knowledge is power. Assess all the variables you can before making a plan ie – interest rates, tax brackets, dividends and so on.
• Start Saving ~ It takes money to make money. Make an effort to take a percentage of your pay check each week/month and put it into a savings account, accruing interest for future investments.

• Make a 5 year plan ~ Having a written plan is important as it help to focus on your goals and gives you something to aim for.

• Buy Real Estate ~ Owning property is always looked upon as a good investment as it generally appreciates in value over time.

• Invest In a business ~ Starting your own business or choosing one to invest in can be a solid way to make money . Create or choose a company with a product you are interested in and will spend time and money to improve it.

• Be Prepared to Gamble ~ you've heard the saying fortune favours the brave, sometimes you have to be wiling to take a risk for a great reward.

“Most people think small because most people are afraid of success, afraid of making decisions, afraid of winning. And that gives people like me a great advantage.” – Donald Trump

A common trait many billionaires share is that they think big. What may sound ludicrous and unachievable to some people is what turns others into Billionaires. You've heard the Brian Littrell quote “ Shoot for the moon. Even

if you miss, you'll land among the stars” If you dream big but don't quite achieve billionaire status maybe you'll make it into the millionaire category.