What the list of the super-rich dropouts signifies is that in business, a top degree is not as important as having the right aptitude, attitude, determination, vision, and consistency.
Nearly all this dropouts are philanthropists in the educational sector. They don’t want you dropping out and becoming a competitor.
A college dropout is someone who has matriculated in an institution of higher learning, but has left his or her studies unfinished without the intention of completing.
Parental Advisory Misleading Content. Do not drop out of college.
This has become, in some cases, a status symbol given the success of some famous college dropouts.
Please read on to get captivated.
The bottom line, NEVER GIVE UP. You also can make it
Michael Saul Dell
Michael Saul Dell (born February 23, 1965 in Houston, Texas) is the founder of Dell, Inc., the world’s largest computer manufacturer.
Dell is the son of an orthodontist and grew up in a well-to-do Jewish family. He had his first encounter with a computer at the age of 15 when he broke down a brand new Apple II computer and rebuilt it, just to see if he could. Dell attended Memorial High School in Houston, Texas, where he did not excel scholastically. Reportedly one of his teachers, still currently teaching there, commented to him that he “would probably never go anywhere in life.”
After graduating high school, he attended the University of Texas at Austin intending to become a physician. While at the university, he started a computer company called PC’s Limited in his room in Dobie Center.
The company became successful enough that, with the help of an additional loan from his grandparents, Dell dropped out of college at the age of 19 to run the business full-time. In 1987, PC’s Limited changed its name to Dell Computer Corporation. Over time, and despite a number of setbacks (including laptops that caught on fire in 1993, temporarily losing the consumer market to Gateway in the mid 1990’s, and others), Dell survived to become the most profitable PC manufacturer in the world, with sales of US$49 billion and profits of US$3 billion in 2004. As Dell expanded its product line to more than computers shareholders voted to rename the corporation Dell, Inc. in 2003. On March 4, 2004, he stepped down as CEO of Dell but stayed as chairman of the board, while Kevin Rollins, then president and COO, became president and CEO.
Accolades for Dell include: “Entrepreneur of the Year” from Inc. magazine; “Man of the Year” from PC Magazine; “Top CEO in American Business” from Worth Magazine; “CEO of the Year” from Financial World and Industry Week magazines.
In the 2005 publication of the Forbes 400, Dell was listed as the 4th richest man in the United States and the 18th richest in the world with net assets of around US$18 billion. Dell resides in Austin, Texas with his wife, Susan, and their four children. Dell reportedly owns the 15th largest home in the world, worth an estimated US$18.7 million.
William Henry “Bill” Gates III
William Henry “Bill” Gates III (born October 28, 1955) is the co-founder, chairman, former chief software architect, and former CEO of Microsoft Corporation. He is also the founder of Corbis, a digital image archiving company. The Forbes international rich list has ranked him as the world’s richest person for the last twelve years straight. In 1999, Gates’ wealth briefly surpassed $100 billion making him America’s first centibillionaire. According to the Forbes 2004 magazine, Bill Gates’s net worth was approximately $46.6 billion. When family wealth is considered, his family ranks second behind the Walton family.
Gates is one of the best-known entrepreneurs of the personal computer revolution. He is widely respected for his foresight and ambition. He is also frequently criticized as having built Microsoft through unfair or unlawful business practices. Since amassing his fortune, Gates has pursued a number of philanthropic endeavors, donating large amounts of money (about 52% of his total fortune) to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, founded in 2000. In June 2006 he announced that he would move to a part-time role with Microsoft (namely surrendering the power of managing day-to-day operations) in 2008 to begin a career in philanthropy, but will remain as chairman.
Bill Gates, his wife Melinda and U2’s lead singer Bono were collectively named by Time as the 2005 Persons of the Year for their humanitarian efforts. That same year he was made an honorary Knight Commander of the Order of the British Empire by Queen Elizabeth II. In 2006, Gates Foundation was awarded the Premio Príncipe de Asturias en Cooperación Internacional. In a list compiled by the magazine New Statesman in 2006, he was voted eighth in the list of “Heroes of our time”.
Paul Gardner Allen was born in Seattle, Washington, to Kenneth S. Allen, an associate director of the University of Washington libraries, and Faye G. Allen. Allen attended Lakeside School, a prestigious private school in Seattle, and befriended Bill Gates, who was two years his junior but shared a common enthusiasm for computers. Together they monopolized the use of Lakeside School’s single minicomputer. In need of more computing power, Allen and Gates snuck into the University of Washington computer labs. They were caught but struck an agreement with lab administrators by providing free computer help to students. After graduation, Allen attended Washington State University, though he dropped out after two years to pursue his dream of writing software commercially for the new “personal computers”. He later convinced Bill Gates to drop out of Harvard College to found Microsoft.
And here’s something you probably didn’t know:
The Bill & Melinda Gates Foundation currently provides 90 per cent of the world budget for the attempted eradication of polio.
Paul Gardner Allen
Paul Gardner Allen (born January 21, 1953) is an American entrepreneur who established himself by co-founding Microsoft with Bill Gates. He regularly appears on lists of the richest people in the world; as of 2006 he is ranked by Forbes magazine as the sixth richest, worth an estimated $22.7 billion, of which $5 billion is in Microsoft stock. He is the Chairman of Charter Communications and is a shareholder in Dreamworks Animation. He was recently invited to join the Academy of Motion Picture Arts and Sciences (AMPAS).
Allen also owns two professional sports teams: The Seattle Seahawks of the National Football League and the Portland Trail Blazers of the National Basketball Association.
He currently resides in Mercer Island, WA, USA.
Paul Allen has been single for his whole life. In 2005 New York Daily News reported that Paul Allen had been dating actress and former beauty queen Laura Harring co star of Mulholland Drive (movie) for about 6 months.
Lawrence Joseph Ellison
Lawrence Joseph Ellison (born August 17, 1944) is the co-founder and CEO of Oracle Corporation, a major database software firm.
Ellison was born in New York City to Florence Spellman, a 19-year-old unwed mother who later placed her nine-month old son for adoption to her distant relatives. Lillian and Louis Ellison took him into their home, a two-bedroom apartment located in a modest lower middle class Jewish neighborhood in South Chicago. Ellison recalled to an interviewer that he had a warm and loving mother opposite to an austere and unsupportive father. At South Shore High School, he was a bright but inattentive student. At 15, he began a long-term relationship that lasted for five years and ended sorely—depending on whom is asked, he unsuccessfully proposed marriage either once or twice. He lasted until the end of his sophomore year at University of Illinois at Urbana-Champaign but dropped out following Lillian’s death. After a summer in Northern California, he returned home to study at the University of Chicago but left after one quarter. Ending his attempts to finish college, he set out for California.
Ellison is reported to be one of the richest people in America by Forbes. In 2005, Forbes reported that Ellison has a net worth of around $18.4 billion, making him the ninth richest man in the world. For a short period in 2000, Ellison was the richest man in the world. (In interviews, Ellison notes that his actual wealth — money that he could actually spend — is more like two billion dollars, and that if he tried to sell all his Oracle stock to realize his “net worth” the price of Oracle stock would fall to zero.) The book titled The Difference Between God and Larry Ellison: Inside Oracle Corporation  has been published on him.
At his Woodside estate, Ellison married Melanie Craft, a romance novelist, on 18 December 2003. At the wedding, his friend, Apple CEO Steve Jobs, was the official photographer. Craft is Ellison’s fourth wife. He has a son and a daughter by a previous wife.
Ellison has had several run-ins with San Jose Mineta International Airport concerning the noise from his private jet. The city of San Jose has a limitation on late night takeoffs and landings on planes weighing more than 75,000 pounds (34 tonnes), and Ellison has received several citations. In 2001, he was granted a personal waiver from this law.
* In 2004, Forbes listed the charitable donations of the wealthiest 400, and it showed Larry Ellison donates about 1% of his personal wealth – $151,092,103.
Stephen “Woz” Wozniak
Stephen “Woz” Wozniak (born August 11, 1950) is an American computer engineer turned philanthropist. His inventions and machines are credited with contributing greatly to the personal computer revolution of the 1970s. Wozniak co-founded Apple Computer with Steve Jobs in 1976 and created the Apple I and Apple II computers in the mid-1970s. The Apple II became the best selling computer of the 1970s and early 1980s, and is often credited as the first popular personal computer. Wozniak has several nicknames, including “(The) Woz” and “Wizard of Woz”. “WoZ” (short for “Wheels of Zeus”) is also the name of a company Wozniak founded. Woz also designed the classic Atari game Breakout. He is known for his introverted character, and he finds his level of celebrity somewhat annoying. He is also known as the “Other Steve” of Apple Computer, which is an obvious reference to the fact that he is a less famous “Steve” of Apple next to Steve Jobs.
Steven Paul Jobs
Steven Paul Jobs (born February 24, 1955) is currently the CEO of Apple Computer and is a leading figure in both the computer and entertainment industries. He co-founded Apple Computer with Steve Wozniak and Ronald Wayne in 1976, both which are of Jewish and Middle eastern descents. Jobs helped popularize the concept of the personal computer with the Apple II, and was one of the first to see the commercial potential of the GUI and mouse. He oversaw the integration of these technologies into the Apple Macintosh. He has also led Apple Computer through its recent resurgence.
“I do what is right at the moment” Steve jobs
Jobs has also been the Chairman and CEO of Pixar Animation Studios since its inception. Pixar is an independent film production company that has produced acclaimed animated shorts and features such as The Incredibles and Toy Story. It was recently acquired by The Walt Disney Company for $7.4 billion in stock. The transaction has made Jobs Disney’s largest individual shareholder and has given him a seat on Disney’s board of directors.
Jobs attended Cupertino Middle School and Homestead High School in Cupertino, California, and frequented after-school lectures at the Hewlett-Packard Company in Palo Alto, California. He was soon hired there and worked with Steve Wozniak as a summer employee. In 1972, Jobs graduated from high school and enrolled in Reed College in Portland, Oregon, but he dropped out after only one semester. When speaking at a Stanford University graduation ceremony in 2005, Jobs ironically said to the new college graduates that, after dropping out, he remained at Reed auditing classes, including one in calligraphy. “If I had never dropped in on that single course in college, the Mac would have never had multiple typefaces or proportionally spaced fonts,” he said.
When the then twenty-one-year-old Jobs saw a computer that Wozniak had designed for his own use, he convinced Woz to assist him and started a company to market the computer. Apple Computer Co. was founded as a partnership on April 1, 1976. Though their initial plan was to sell just printed circuit boards, Jobs and Wozniak ended up creating a batch of completely assembled computers, and entered the personal computer business. The first personal computer Jobs and Wozniak introduced was called the Apple I. It sold for $666.66 (in reference to the phone number of Wozniak’s Dial-a-joke). Its successor, the Apple II, was introduced the following year and became a huge success, turning Apple into an important player in the nascent personal computer industry. In May of 1980, Apple Computer released the Apple III, which met with less than stellar success, but in December of that year, with a successful IPO, Apple Computer became a publicly traded corporation, further boosting Jobs’s stature.
As Apple continued to grow, the company began looking for an experienced executive to help manage its expansion. In 1983, Jobs lured John Sculley away from Pepsi-Cola, to serve as Apple’s CEO, challenging him, “Do you want to spend the rest of your life selling sugared water, or do you want to change the world?” That same year, Apple also released the technologically advanced but commercially unsuccessful Lisa.
January 24, 1984 saw the introduction of the Macintosh, the first commercially successful computer with a graphical user interface influenced by Xerox PARC. The development of the Mac was started by Jef Raskin, and eventually taken over lock, stock, and pirate flag, by Jobs. The success of the Macintosh product line eventually led Apple to abandon the Apple II.
Robert Edward “Ted” Turner III
Robert Edward “Ted” Turner III (born November 19, 1938) is an American media mogul and philanthropist. He is best known for founding TBS and CNN, and his $1 billion pledge to the United Nations donated through his United Nations Foundation. Turner’s penchant for making controversial statements has earned him the nickname “The Mouth of the South.”
Turner’s media empire began with his father’s billboard business which he took over at the age of 24 after his father’s suicide. The billboard business, Turner Outdoor Advertising, was worth approximately one million dollars when Turner took it over in 1963. Purchase of an Atlanta UHF station in 1970 began the assemblage of the Turner Broadcasting System. His Cable News Network revolutionized news media, coming to the fore covering the space shuttle Challenger disaster in 1986 and the Persian Gulf War in 1991. Turner was also in the news for his much publicized marriage to Jane Fonda as well as their subsequent divorce.
Turner was born in Cincinnati, Ohio. When he was nine years old, his family moved to Savannah, Georgia. He attended the McCallie School, an unaffiliated Christian prep school in Chattanooga, Tennessee. Colorful episodes from his life include being expelled from Brown University for having a female visitor in his room in 1960. At the university, Turner was an unspectacular student in class, though he was vice-president of the Brown Debating Union.
He is America’s largest private landowner, owning approximately two million acres (8,000 km²), which is greater than the land areas of the two smallest states of Delaware and Rhode Island combined. According to documentary filmmaker Michael Moore, Turner’s land has a higher gross domestic product than the country of Belize. He also has the largest private bison herd in the world, with 40,000 head. In 2002, Turner co-founded Ted’s Montana Grill, a restaurant chain specializing in burgers made from fresh ground bison meat. In addition, Ted Turner is the founder of Cartoon Network.
Under his ownership, World Championship Wrestling became the only federation in history to outrate and outsell the McMahon family and their World Wrestling Federation.
After the American-led boycott of the 1980 Summer Olympics, Turner founded the Goodwill Games as a statement for peace through sport.
In 1998, Turner gave $1 billion in Time Warner stock to United Nations causes, founding the United Nations Foundation.
Many consider Ray Arthur Kroc (1902-1984) to be the founder of McDonald’s Corporation. This is not true. The restaurant chain was actually started by brothers Dick and Mac McDonald, 15 years before Kroc.
That, however, is not the point. Even though the brothers established the principles of the fast-food restaurant, Kroc is the one who recognised its potential, buying them out in 1961 for a mere $2.7 million.
From ambulance driver to Hamburger King, Kroc dabbled in all kinds of trades. He happened to meet the McDonald brothers while working as a milkshake machine salesman.
He also tried, unsuccessfully, to convince another ambulance driver called Walt Disney to let him open a restaurant in the latter’s new venture, Disneyland.
When Time magazine released its list of the world’s most influential titans of industry, Kroc was prominently featured. He had, during his lifetime, amassed a fortune worth $500 million.
Founder of the Ford Motor Company, Henry Ford (1863-1947) is better known for his hand in creating the American middle class.
He managed this by applying the concept of assembly line manufacturing to the mass production of affordable cars, promptly revolutionizing industrial production.
Born to Irish immigrants, Henry was the eldest of six children. He left home at 16 to work as an apprentice machinist, married, tried a bit of farming, ran a sawmill, experimented with internal combustion engines and eventually formed the Detroit Automobile Company with a few other investors.
When the company went bankrupt, he formed the Henry Ford Company, but was forced out by investors. He returned with the Ford Motor Company.
Even if you aren’t a fan of the fabulous Model T, here’s something everyone should thank Ford for. In 1926, he instituted the five-day, 40-hour work week. And the modern weekend was born.
Industrialist and philanthropist, Andrew Carnegie (1835-1919) is better known, today, as the steel tycoon who started over 2,800 libraries. His rags-to-riches tale is also among the most famous in American history.
After moving to Pennsylvania from Scotland, a teenage Carnegie worked hard in factories, invested his money wisely and, within a span of four decades, managed to gain control of a number of manufacturing plants that grew to become the Carnegie Steel Company.
He is equally — if not more — famous for his donations of over $350 million to further public education: an ironic gesture coming from a dropout.
The author Dale Carnegie was a distant relative, gaining fame for his 1937 bestseller, How to Win Friends and Influence People. And here’s another titbit to chew on: During the American Civil War, Andrew Carnegie avoided the battlefield by paying a replacement the sum of $850.
He is technically the founder of world renown Carnegie Mellon University
Born in 1917, this Nevada billionaire is President and CEO of Tracinda Corporation. That may not ring a bell, considering he’s better known for two other things. One: Being one of the pioneers who shaped the city of Las Vegas as we know it. Two: Coming up with the concept of Megaresort – a resort integrating the services of a hotel and casino with dining, entertainment and shopping into a single venue.
Kerkorian was born to Armenian immigrant parents. He was a skilled amateur boxer who went on to fly airplanes, founding Transinternational Airlines and selling it for $104 million.
He first visited Vegas in 1944, as a pilot, and eventually bought a place there that eventually grew to accommodate the world famous Caesars Palace.
To cut a really long story short, he now owns and operates a great many properties, apart from other business ventures. And his is a tale that’s not over yet.
British entrepreneur Sir Richard Branson (1950-) is known for the Virgin brand, one that has seen success in all kinds of ventures.
His tale begins in 1970, the year he started a record mail order. A record shop in London came next, followed by the launch of Virgin Records in 1972. Virgin Atlantic Airways was formed in 1984, and Virgin Mobile launched in 1999.
Another thing this businessman is known for is his eccentric promotional habits. He has made a number of attempts, unsuccessfully, to fly around the world in a hot air balloon! In 2004, Virgin Galactic was launched — to take passengers into sub-orbital space.
Brandon supposedly considered running for Mayor of London in 2004, but decided not to. When the 2002 list of 100 Greatest Britons was announced, he stood tall at Number 85.
Dhirajlal Hirachand Ambani (1932-2002) was born into the family of a schoolteacher. It was a family of modest means. When he turned 16, Dhirubhai moved to Aden, working first as a gas-station attendant, then as a clerk in an oil company.
He returned to India at 26, starting a business with a meagre capital of $375. By the time of his demise, his company – Reliance Industries Ltd – had grown to become an empire, with an estimated annual turnover of $12 billion!
Dhirubhai was, in his lifetime, conferred the Indian Entrepreneur of the 20th Century Award by the Federation of Indian Chambers of Commerce and Industry. A Times of India poll in the year 2000 also voted him one of the biggest creators of wealth in this century.
Dhirubhai’s is not just the usual rags-to-riches story. He will be remembered as the one who rewrote Indian corporate history and built a truly global corporate group. He is also credited with having single-handedly breathed life into the Indian stock markets and bringing in thousands of investors to the bourses.
Subhash Chandra Goel
Here’s something not many people know about Subhash Chandra Goel: The Zee chairman dropped out after standard 12.
Subhash Chandra started his own vegetable oils unit at 19. It was, in a manner of speaking, his first job. Years later, a casual visit to a friend at Doordarshan gave him the idea of starting his own broadcasting company. We all know how that story ran.
Chandra knew nothing about programming, distribution or film rights. What he did understand quite well was the Indian sensibility though. Funded by UK businessmen, Zee came into being as India’s first satellite TV network.
Today, it reaches 32 million homes, connecting with 200 million people in South Asia alone. The network also covers Asians in America, the Middle East, Europe, Australia and Africa, making this dropout a very rich one
It only seems it is men who drop out and succeed? So ladies, keep up with the books.
Nearly all this dropouts are philanthropists in the educational sector. They don’t want you dropping out and becoming a competitor.