source REUTERS/Beck Diefenbach Drew Houston is on top of the world. On Friday, his company, Dropbox, filed its S-1, making it Y Combinator’s first startup to ever file for an IPO. The file sharing service that began as a two-person team in 2007 is now a sprawling enterprise with more than a thousand employees and a stock ticker symbol that’s soon to be listed on the NASDAQ. The cloud storage giant now provides services to more than 500 million people and generates a billion dollars in annual revenue. But things weren’t always easy for Houston or his company. He struggled with his initial entrepreneurial venture and faced several obstacles getting Dropbox off the ground. Dropbox has taken 10 years of growth to get to the point it’s at now. But Houston hung in there. Despite multiple opportunities to sell his company in its early stages – including a bid from Steve Jobs in 2009 – he held on. Here’s a rundown of … [Read more...] about The rise of Dropbox CEO Drew Houston, who just made the Forbes 400 as one of the richest people in the world
10 richest people in the world
Áine Cain, provided by Published 12:16 pm PDT, Tuesday, September 4, 2018 Kevork Djansezian/Getty Images Amazon founder Jeff Bezos is the richest man in the world. And Amazon is now the second US company to reach the $1 trillion mark. His daily routine indicates that he's not addicted to work. Bezos prioritizes lots of family time, and even time allotted for washing the dishes. history. According to Bloomberg, the Amazon founder and CEO has $166 billion to his name. In addition to founding the online retail behemoth Amazon, Bezos also owns The Washington Post and an aerospace company, Blue Origin. Amazon also recently became the second US company to join the $1 trillion valuation club, according to Markets Insider. Apple was the first ever US company to receive that distinction. LATEST BUSINESS VIDEOS Now Playing: Now Playing The Priciest Zip Code in the Hamptons Media: Buzz 60 The Pace - Dua Lipa and Jaguar - Technology Media: AutomotoTV Is … [Read more...] about A day in the life of the richest person in the world, Jeff Bezos — who runs the second US company to join the $1 trillion club and still washes the dishes after dinner
After the public outrage of the # MeToo movement, as well as recent high profile campaigns and legislation aiming to close the gender pay gap, it feels as though the sphere of work is finally starting to treat women as equals. But in the very upper echelons of money and power, this is far from the case. According to Forbes, the world’s 15 wealthiest people are men, and women only make up 10 percent of the top 100. Forbes has compiled a seperate list of the wealthiest women in the world, and most of their money comes from their male relatives or husbands. In comparison, the top 10 wealthiest men made their fortunes themselves. The first self-made woman on the list is Zhou Qunfei, who was born into a poor family in China and dropped out of school at 16. She went on to found an enormously successful technology company. But if you put men back into the equation, she’s only the 198th richest person in the world. No matter how you feel about the concept of a few … [Read more...] about Who Are the Richest Women in the World?
Will Martin, provided by Published 11:58 pm, Monday, May 21, 2018 Sean Pavone / iStock Size doesn't always mean wealth when it comes to the world's richest countries, according to data published in April by the International Monetary Fund. Twice a year the IMF releases a huge dump of data about the economic power of the world's nations, with gross domestic product (GDP) per capita a key statistic. The IMF ranks the world's countries according to their GDP based on purchasing power parity (PPP) per capita. The PPP takes into account the relative cost of living and the inflation rates of the countries to compare living standards among the different nations. Recommended Video: Now Playing: World's Richest People Became Richer by $1 Trillion in 2017 The data, which comes from the Bloomberg Billionaires Index, shows that the 500 richest people in the world quadrupled their wealth. Amazon founder Jeffrey P. Bezos gained $34.2 billion in wealth. Microsoft co-founder Bill … [Read more...] about RANKED: The 29 richest countries in the world
The richest people in the world found success at various ages. Warren Buffett spent over 25 years as a millionaire before becoming a billionaire, while it took Mark Zuckerberg only one year to graduate to billionaire status. Tech appears to be the fastest wealth-building industry; the richest people in tech averaged five years as millionaires before becoming billionaires. The richest people in the world met success and wealth at various stages in life. Facebook cofounder Mark Zuckerberg became a billionaire wunderkind at just 23 years old, while Berkshire Hathaway founder Warren Buffett‘s long-game investing strategies finally cemented his billionaire status at 56 – about 26 years after he first joined the seven-figure club. Buffett and Zuckerberg are now the third and fifth richest people on earth, respectively. Betway, an online betting site, used Forbes 2018 Billionaire’s List and … [Read more...] about How many years it took the 23 richest people in the world to go from millionaire to billionaire