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Warren Buffett

Warren Buffett; A Short Biography

The world’s most leading investor named Warren Buffett

If you open the book full of billionaires’ listed-names alive in the world, Warren Buffett is the regular name on its page. This successful businessman from the United Stated of America has dedicated most of his life as a true entrepreneur as well as a philanthropist. Now, his name -which once was dubbed as the richest man on the planet- is moving on the 3rd position after Jeff Bezos and Bill Gates

Early stage of life 

Buffet was born as a second child in Omaha, Nebraska in 1930 from a married couple; Howard Buffet (a congressman aside from being a stockbroker) and a home stay mother, Leila Stahl Buffet. Since his childhood, Buffet has already shown his prodigy in mathematical analysis and business, a talent – which later in his life- would be beneficial to establish his  career. At a very young age (11), Buffet tapped into investment business by purchasing shares from Cities Service with 27$ each and put them in sales at %40. Although it was not so profitable, he cited this experience as an important one since he obtained a lot of lessons from it.

His eagerness in doing business continued in his teenager life by running self-held business as a paperboy and selling sheet tip for horseracing. When he attended high school in the capital city, he ventured earning by buying a used pinball machine for $25 that he placed in a barber shop. A few months later, the machined generated so much money that he could use it to buy other 2 machines, generating %12.000.

Warren Buffett education 

Warren Buffet’s elementary education started at Rose Hill in Nebraska but finished in Washington D.C which his father had to move there after being elected as a United States congressman. He, then, attended his middle school at Alice Deal. After graduating from Woodrow Wilson High School in Washington D.C, at the age of 16, Buffet enrolled at university of Pennsylvania, studying business. Buffet did not finish his study at Pennsylvania as after two years, he moved to Nebraska, completing his degree. Even though he was a freshly-graduated, at that time Buffet was able to earn nearly $10.000 from his own business.

In 1951, Buffet attained his master degree in economics from Columbia University in which he was taught by Benjamin Graham, a notable American economist. His interest in economics led him to pursue further study at the New York Institute of Finance.

Warren Buffett business

Buffett-Falk & C0 was the place Buffet worked as an investment salesperson from 1951 – 1954. After that, he landed a job at Benjamin’s graham partnership with $12.000 salary per year. In 1956, after ending partnership with Benjamin, Buffet set up his own company Buffet partnership Ltd where he operated three corporations. The company grew bigger by having 6 partners (in 1961, 35% of the company’s assets were invested at Sanborn Map Company).

1962 became the golden year for Buffest since he was acknowledge as a millionaire from his partnerships (more than $1.025.000 belonged to his savings). Using the money, Buffet spent more on investment and eventually took over Berkshire Hathaway. This Warren Buffett company developed into what now is the multi-national conglomerate holding company. 1n 1979, Warren Buffet earned $ 620 million for his net worth.

The investment story continued as some years later Buffet kept on financing several domestic companies such as Washington Post Company, Wesco Financial, Buffalo Evening News, ABC, Salomon Inc. and even The Coca Cola Company. Overseas, investment was made in China (Petro China, BYD Company).

A Multi-Billion Dollars Tycoon 

Warren Buffett was firstly entitled as the richest man on the planet by Forbes in 2008 with estimated total net as much as $62 billion dollars, overtaking Bill Gates who had been on the throne for more than one decade. Despite this abundant wealth, Buffet did not have any intention to give much to his kids to the point that they would not do anything. He just wanted to give them sufficient amount. In June 2006, He even donated 83% of his fortune to Bill and Melinda charity foundation, making it as the largest donation ever. Four years later together with Bill Gates, and Mark Zuckerberg (the CEO of Facebook), he signed a promise so-called “Gates-Buffet Giving Pledge” to encourage the billionaires alike to share their fortune with others.

Personal Life 

In early 1950’s, Warren Buffett tied the knot to a girl named Susan Thompson at Dundee Presbyterian church. In 1953, their first daughter, Susan Alice was born followed by a son named Howard Graham Buffet on December 16, 1954. Howard Graham named was derived from Howard Buffet – his grandfather and Benjamin Graham – Warren Buffet’s keen professor. The third child – Peter Andrew- was delivered three years afterwards.

In 1977, Buffet and his wife began living separately in 1977 yet remained married until Susan’s death in 2014. Two years later, Buffet married his long-time companion, Astrid Menks.

The Magnate’s “Mansion” 

Not all the richest like having big mansion as a shelter, and this seems apply to Warren Buffet. Until now, He has been dwelling at the same house in Dundee neighborhood that he purchased in 1958 for $31.500. Aside from that, another Warren buffett house is found in Laguna Beach, California.

Books About The Billionaire 

A Billionaire like Warren Buffett has been definitely an attractive muse for writers. That’s why it is no wonder that we find a lot of books written under his name. In 2008, it was reported that there were 47 books published under his names. Some of Warren Buffett books are The Essay of Warren Buffet: Lessons for Corporate America (the author of this book was Buffet himself), Tap Dancing To Work: Warren Buffet in Practically Everything, Buffet, Making of An American Capitalist, The Midas Touch: The Strategies That Have Made Warren Buffet’ America’s Preeminent Investor and many more.

Now, Warren Buffett is 88 years old and for his long 8 decade life, he’s become a living proof of human’s determination and passion to gain success. Some of Warren Buffett quotes such as “Price is what you pay. Value is what you get”, and “Someone’s sitting in the shade today because someone planted a tree a long time ago” linger in people’s mind thriving for the same route to accomplishment.

Mark Zuckerberg

Mark Zuckerberg; Facebook’s Inventor

That name behind world’s no 1 social media is Mark Zuckerberg.

If there is a question popping out asking what the most popular social media on the internet is, the answer will be Facebook. Although nowadays, hundred and even thousands of application created daily, it still has time to go to catch up the immense popularity of blue-colored Facebook.

This following Mark Zuckerberg biography in short surely takes you to a further insight on how the magnate has been living his life to create a billion used social media platform. Although Mark Zuckerberg age is considered young for being entitled as a multi million dollars CEO, it seems that success does not mind with age.

Who is Marck Zuckerberg?

When he was born in White Plains, New York on May 14, 1984, his full name was Mark Elliot Zuckerberg. His parents, coming from the ancestors of German, Austrian and Polish, are Jewish and work as medical officers as a psychiatrist (mother; Karen) and a dentist (father; Edward Zuckerberg). Zuckerberg is the only son in the family since the other 3 kids in the house are female; Randi, Donna and Arielle. The Zuckerberg’s children were raised in Jewish teachings in a village named Dobbs Ferry.

In the middle school, Zuckerberg showed an huge interest in computer and software. He learnt Atari Basic Program from his father and even got tutored for it. After completing middle school, he continued his study In Ardsley High School before he was transferred by his parents to Phillips Exter Academy in New Hampshire. There, he won several science prizes in physics, astronomy and mathematics. His excellent result in studying brought him to the enrollment at the world’s most leading campus; Harvard yet after two years studying there, Mark Zuckerberg education at university had to stop since he had already made a final decision to depart  the campus life to pursue something bigger.

The Recount of Facebook

A). Before Facebook

Early in his career, it is probably wise to say that Mark Zuckerberg was destined to be an expert in computer programming. During high school, he created ZuckNet; a software program that facilitated connection between his father’s patients’ computers and his in the office. Aside from that small achievement, he was also entrusted to create The Synapse Media player together with other computer geeks under Intelligent Media Group. The device was a player for music that allows the machine to learn and record the habit of music listeners.

When he was at Harvard, majoring in psychology and computer science, even at the early academic year, he was dubbed as a prodigy in computer by his friends. In his second year, he made a program – CourseMatch – used for selecting class as well as study group. Afterwards, a for fun named program , Facemash, created for choosing the best face among all the photos posted. Since the site was considered as too popular, the university closed it down after a week. Another negative response also came from the students whose pictures were used by Zuckerberg without any prior consents.

B). The Birth of Facebook

Initially the idea of Facebook came from Phillips Exter Academy’s The Photo Address Book – or known as Facebook-  that kept all the students records. On February 4th, 2004, The Facebook was launched and it started became an ‘it’ thing at Harvard. Mark Zuckerberg decided to spread the popularity of Facebook into other universities with the help of his mate, David Moskovits. Columbia, Cornell, New York, Stanford, Brown, Yale and many other universities were on the list of targeted reach.

 

With early immense popularity, Mark and his friends moved to Palo Alto, California , leasing a an office in a small house. At that time, an investor named Peter Thiel met them and invested money to finance Facebook.

Not long after that, the accusation under three senior students at Harvard (Tyler Winklevoss, Cameron Winklevoss and Divya Narendra) came into surface. They claimed that they had been intentionally misled by Mark Zuckerberg to build HarvardConnection.com. This lawsuit ended with settlement, stating the seniors had Facebook shares. After this law dealing event, Mark decided to end his university at his sophomore year. Despite the fact the he left Harvard, in 2017, he came back to his campus receiving degree of honor after being on the position as the CEO of Facebook.

Facebook Booming

Before, In 2006, Facebook required registration of people at minimum at the age of 13 and an email address to use it. Due to its immense growth, a lot of companies were attracted to place Ads on its page. The official rolling for business Ads began in May 2009 from which Facebook earned most of its income. One of the biggest Ads came from Microsoft which purchased Facebook shares for $240 million.

Per June 2018, Facebook generated revenue as much as 40.653 billion dollars with 2.2 billion monthly active users. This number was the biggest among the competition of growing social media platforms. Now, it has three subsidiary application; Instagram, Whatsapp and Oculus VR.

Mark Zuckerberg Family

Priscilla Chan, Mark Zuckerberg wife, was a fellow student at Harvard. on May 19, 2012, they tied the know under the marriage sacred pledge at Zuckerberg’s backyard. They began dating back in 2003 after meeting up at a party. Chan was a graduate from medical student by the time she was married. It was said that the marriage was a present for her graduation. The couple has been living a simple life in spite of their status as billionaires. Together with Bill Gates and Warren Buffet, the spouse signed The Giving Pledge as their commitment to share their wealth with the needy.

The couple expected the birth of their first child in 2015 after Chan underwent three miscarriages. On December 1st, 2015, a baby girl named Maxima Chan Zuckerberg was safely delivered.  Two years later, the second daughter was welcome to the family in August. Both of Mark Zuckerberg children have Chinese names.

Trivia

It was rumored that Mark Zuckerberg signed up for Twitter, Facebook’s social Media rival, but the alleged account @finkd is not verified. The latest tweet was on January 19, 2012.

 

 

Bernard Arnault

Bernard Arnault ; A French Wealthiest man

A Recount of Bernard Arnault successful life

In the list of the richest man on earth, Arnault – A France born tycoon- is placed on the 4th order with net worth – as it was recorded in November 2018- $ 74.7 billion, but when it comes to Europe he is definitely the top. Bernard Arnault is a man with sharp business skill, successfully leading his father civil engineering business into a more diverse worldwide expansion.

Early life

Born with the name Bernard Jean Etienne Arnault in Roubaix, France on March 5th, 1949, Arnault was the son of Jean Leon Arnault, a manufacturer and the owner of Ferret- Savinel (a civil engineering company).  His mother was unknown to the public.

After completing his middle school, Arnault was enrolled at Maxence Van Deer Meersch High School. Afterwards, he was registered at prestigious Ecole Polytechnique in Palaiseau majoring in engineering. In 1971, he graduated from the institution with engineering degree.

Career

a). Ferinel

Following the graduation, Arnault landed a job at his father’s Construction Company as an engineer in which during his 5 years of working, convincing his father to change the company’s focal point to real estate that he considered as a booming sector at that time. This movement resulted in the birth of company name, Ferinel, specializing in holiday accommodation. In 1977, Arnault was promoted as a CEO and 2 years after that, became a successor of his father’s position as the president of the company.

In the early 1980’s, the changing in France’s political environment ( The French Socialist took over the government) drove Aranault’s family to move to the USA. There, he developed a condominium in Palm Beach, Florida, expending his real estate business in the states. After the political condition in France shifted from socialist into conservative, Arnault decided to return to his home country and began seeing different areas of his business venture.

b). Christian Dior

The bankruptcy of Boussac Saint- Freres  in 984 opened an opportunity for Arnault to take over the business with the help of Antoine Berheim. This freshly-taken over textile company owned Christian Dior (purchased with $15 million), Le Bon Marche ( a department store), Conforama ( a retail shop) and Peaudouce ( a manufacturer for diapers). Aside from keeping Christian Dior and Le Bon Marche, Arnault sold the rest of the assets.

c). LVMH (Moet Hennessy Louise Vuitton SE)

LVMH is company dealing with luxury goods brand based in Paris, France as a result of the merger of two companies; Moet Hennessy and Louis Vuiton. There are 60 subsidiaries under LVMH which are managed independently. The products of this company ranging from cosmetics, clothing, accessories, fashion, perfumes, watches, wine and jewelry.

In 1993, Bernard Arnault possessed  43%  shares of LVMH and 35% of voting right, making him an elected CEO of management board. Since then, striving development took place to put LVMH as one of the largest luxury group. In 2017, the revenue generated was recorded at 42.636 billion Euro. In addition to that, other investments were thrown on some website companies for like Boo.com, Zabank, Libertysurf and yacht business.

Arnault’s Family

In 1973, Arnault married to Anne Dewavrin. From the marriage two children were born; a daughter named Delphine Arnault and a son called Antoine Arnault. The couple separated in 1990 allowing Arnault to remarried with Helene Mercier ( A pianist from Quebec, Canada) in 1991. The second marriage brought him three more sons (Alexandre, Frederic, Jean). Four of  Bernard Arnault children have official roles in his father’s company.

Bernard Arnault son, Antoine, handled Berluti, an Italian leather brand and was responsible as a chairman for a company called Loro Piana. Meanwhile, Delphine, Bernard Arnault daughter is managing Louis Vuitton as an executive vice president and director. Alexandre works at Rimowa (the name of luggage brand from Germany) as co-chief executive and Frederic, is appointed to be the head of connected technology at Tag Heuer.

How Rich is Bernard Arnault?

Data from Wikipedia stated that in 2015, Arnault employed 120.000 people for his company; a big number that helped him generate Bernard Arnault net worth of estimated $80 billion dollars per May 2017. Having this much money, Bernard Arnault house is built in more than just one place. Le Cheval Blanc is a luxurious hotel located in Courchevel owned by Arnault for personal space as well as business. Other mansions are Chateau Cheval Blanc in Bordeaux covering 41 hectares, ST. Tropez mansion in St. Tropez island, and even a private island in Bahama worth of $35 million.

Recognition Under His Name

During his lifetime, there have been some recognitions (either domestic or international) awarded to Bernard Arnault. Commandeur and Grand Officer of the Legion d’Honnoeur (he received the award on February 10th, 2007 and July 14th, 2011 respectively) were given to him. Legion d’Honnoeur is the French version of Order of Merit awarded to military personal or civilians founded by Napoleon Bonaparte. Another award was the Woodrow Wilson Award in 2011, and David Rockefeller Award from The Museum of Modern Art.

Personal Space and Taste

Picasso’s masterpiece is one of many rare art collections on display as Bernard Arnault is noted as an art collector. Other famous works from Yves Klein, Andy Warhol and Henry Moore add more to the group of selection. His fondness in art was shown when he established LVMH Young Fashion Designer Competition to cater the Fine Art students to express their creativity in art. It can be said that this is a part of philanthropy action Arnault gives to the society. The winner at this contest is granted with mentorship and full support in creating own brand.

Other than those aforementioned sections, Louis Vuitton Foundation for Creation ( an art museum) was open in 2014 as a dedication for creativity in art. The building was designed by Frank Gehry in Paris with glass comprising most of the structure.  The masterpieces of world’ most re-known artist from both 20th century and modern days are exhibited here.

 

Charles Koch

The Journey of Charles Koch in Koch Industries

Get to know the CEO of Koch Industries, Charles Koch

We all know that being a successful entrepreneur is not an easy thing to achieve. It takes hard work to achieve the success we expect. Nothing is free in this world, if you want to succeed, you have to work hard on it. As we can learn from a wealthy and popular businessman named Charles Koch.

We certainly are already familiar with the name Charles Koch. This name has often been discussed in business magazines and business news because it is one of the names of the richest entrepreneurs in the world. This man is the figure behind the world-famous big company Koch Industries. Not working alone, Charles built and raised Koch Industries with his younger brother, David Koch.

What is Koch Industries? Koch Industries is a multinational company engaged in many fields. The company is engaged in oil refining, oil distribution, distribution of chemicals, fiber, fertilizers, paper, and so on. Even Koch Industries also developed into the investment field. It’s clear that this company is a big company with amazing profits.

Family Heritage Business

Unlike the story of another businessman who started a business from nothing, Charles managed Koch Industries as a legacy business from his father. Fred Koch, who was the father of Charles and David Koch, was the founder of Koch Industries in the past. However, even though Koch Industries is a family inheritance business, it does not mean that Charles only enjoys his pleasure.

As we know, there is usually a negative view if a person receives family inheritance. Having a company as a result from their parents is seen as a convenience. But, not with Charles and his brother. They did not view the company’s heritage as a convenience but a challenge to make the company better and grow.

Koch Industries was originally called Rock Island Oil & Refining Company and was a crude oil processing company in the United States. However, after Charles managed this business with his brother, Koch Industries grew even better and bigger. This company shows very rapid development. It can even be said that this company has developed thousands of times better than when it was still managed by their father.

Koch Industries is now managed by Charles who occupies the position of owner and CEO. Meanwhile, his younger brother David Koch has a role as Vice President of Koch Industries. This duo managed to raise Koch Industries as it is now and was named the second largest private company in the United States by Forbes magazine in 2011.

Charles’s Hard Work 

Charles Koch did get Koch Industries as a legacy but that does not mean he just relax and enjoy the wealth that comes to him. Keep in mind that making a developing company far more difficult than building the company itself. Charles have a big job to develop this company. He has to achieve more than his father and this is what Charles did. He developed the company better than his father did.

Charles was born on November 1, 1935. He initially turned the oil refining company into a diversified petroleum product company. Charles developed his company by expanding the company to several countries such as China, Mexico, the United States, and Brazil. The company’s expansion clearly gave Koch Industries a rapid development from its previous position.

Handled by Charles, Koch Industries has more company assets. The company has more than 37,000 miles of oil and gas pipes. Koch Industries also has equipment to control pollution. In essence, everything that is owned by Koch Industries continues to grow and makes this company even bigger and more profitable.

Other Companies

Charles Koch was not only busy taking care of Koch Industries. Charles also recorded a position as director in another company. There are several companies that are also managed by Charles, including Georgia Pacific Corp., Intrust Financial Corp, and Invista. Charles’s hard work in several large companies shows that Charles is indeed a person who has a passion in the business world.

The achievement that achieved by Charles brought him as an inspirational figure. Many positive things can be learned and emulated from Charles. Charles was even called one of the most influential people in the world. This is because of the enthusiasm and hard work that can provide motivation for everyone in the world.

Education Background

Charles attended the Massachusetts Institute of Technology (MIT) and majored in engineering. In 1957, Charles graduated from college and immediately took a master’s program in mechanical engineering and graduated in 1958. Not to stop there, Charles returned to take a master’s program in chemical engineering and successfully graduated in 1960.

As soon as he finished college, Charles worked at the Arthur D Little Inc. company. Not long lasting at this company, Charles joined his father’s company, which was still called Rock Island Oil & Refining Company. In 1967, Charles was appointed as president of the company and it was at this time that he changed the name of the company to Koch Industries.

Charity Activities

As one of the richest people in the world, of course Charles didn’t want to enjoy his property alone. Charles is known as a successful entrepreneur who active in charity. Together with his younger brother, Charles is noted to frequently participate in charitable activities. Charles is noted to have provided financial support to several charitable organizations including the Bill of Rights Institute, the American Civil Liberties Union, Cato Institute, the Humane Study Institute, and so on.

What can we learn from a Charles Koch? The spirit that never goes out and the desire to continue to grow. Let us imagine what if at that time Charles only received an inheritance from his father without doing something to make him grow? Of course we cannot see the figure of Charles now that known as one of the richest people in the world.

Charles has motivated all of us. It doesn’t matter to accept company inheritance from your parents, but there must be something you do to make it grow. Koch Industries can grow better and develop like now because of the role of a passionate Charles Koch.

Carlos Slim Helu

Getting Closer with the Founder of America Movil, Carlos Slim Helu

Meet the America Movil’s Founder, Carlos Slim Helu

Have you ever heard of America Movil? America Movil is a holding company that forms network operators. America Movil is called one of the largest network operator companies in the world. America Movil is one of the most influential companies in telecommunications industry in this world. This company has served millions of Americans.

America Movil will not be able to become as big as it is now without Carlos Slim Helu, the smart person behind this company. Who is she? Carlos Slim Helu is the CEO of America Movil and other large companies namely Telmex and Group Carso. The man from Mexico who is familiarly called Slim is now referred to as one of the richest men in the world and side by side with the world’s richest people.

Slim built America Movil with hard work. Starting from an entrepreneur who started a business from zero, Slim is now one of the most successful businessman in the world. Slim’s life journey is now widely used as inspiration for young people around the world. His struggle to build America Movil is one of the inspirational stories that will motivate young people.

Slim and His Family

Getting to know the figure of Slim now certainly makes us want to know how Slim’s life was in the past. We all want to know what his family looked like so that there is Slim like we all know today. How Slim achieved his success in this industry would certainly be an interesting thing to know.

Carlos Slim Helu was born in Mexico on January 28, 1940. Slim was born in a big family. Slim was the fifth of six children. His father was Julian Haddad Slim and his mother named Linda Helu Atta. Slim studied a lot of business from childhood from his father and his business skills continued to grow until he could achieve great success with America Movil like now.

In his childhood memory, Slim has one clear goal which is to become a businessman. This desire is supported by his father who is also a businessman. Julian Haddad Slim gave a lot of knowledge to his son about how to become a successful entrepreneur. Slim’s father also taught Slim about how to do financial analysis and financial management right in the business world.

Starting the Business in Mexico

Carlos Slim Helu is a figure who realizes that a desire must be achieved by hard work. There is no big dream that can be realized if it is not accompanied by hard work and unyielding spirit. Slim started his business earlier in a young age to make his dream of becoming a successful businessman in the future comes true.

Slim began his business journey by trading in his hometown, Mexico. Slim had also tried to become a broker and in 1966 Slim had managed to earn 40 million US dollars. This money was not spent by Slim just like that. The money earned by his hard work is utilized by Slim for something useful.

Slim used big amount of his money to invest. There are many types of investments made by Slim, including investment in mining, housing and construction. Slim has made the right decision by investing his money. From the investments he made, Slim’s wealth continued to grow bigger and grow faster.

Grupo Galas

Carlos Slim Helu succeeded in developing his business and buying companies in various fields of industry from 1970 to 1980. In this past 10 years, the Slim’s business developed very rapidly. Then in 1980 Slim put together all the investments he had in a holding company named Grupo Galas.

Not stopping in Grupo Galas, Slim continued to make efforts to expand his business. In 1990, Grupo Galas managed to buy a telecommunications company called Telmex owned by the Mexican government. This is where Slim started working in the telecommunications industry and starting his journey to become one of the richest person in the world.

Starting from Mexico, telecommunications companies managed by Slim continued to grow and expanded to the United States and Latin America. Until finally we get to know the biggest telecommunications company named America Movil. Then, does Slim’s business just stop here? Of course not! Slim continues to expand his business to become increasingly broad to different fields.

In the 2000s, Slim expanded his business by buying shares at The New York Times Company. In addition, Slim also bought shares from an airline in Mexico called Volaris. Slim’s achievements have been more than enough to bring Slim as an inspirational figure in this world.

More About Slim

The success achieved by Slim is inseparable from the knowledge he has. Besides getting business knowledge from his father, Slim also learned a lot about business after he graduated from the Universidad Nacional Autonoma de Mexico (UNAM). Slim was majoring in civil engineering and during his studies he learned a lot about algebra and linear programming which turned out to be an important provision of knowledge in the business he was in.

Slim became the first person from a developing country to be named the richest person in the world. Slim’s achievement was truly remarkable thanks to his hard work. However, with all the wealth he had at the moment Slim remained a modest and humble figure. Become the richest businessman doesn’t turn Slim into an arrogant person.

One of the unique things we can learn from Carlos Slim Helu is that he is not interested in money. Slim claimed to be more interested in working hard. He is interested in companies that are underrated and have no power. He wants to make the underrated companies become big companies which are then recognized by the world.

The journey of Slim can be a valuable lesson for all of us. Slim’s story can be an inspiration especially for those of you who want to be successful as a businessman. There is no success achieved in an instant way. Everything requires a process and hard work and never be afraid to make mistakes. As Slim said, “Mistakes are normal. Make them small, accept them, correct them, and forget them. “

Amancio Ortega

Meet Amancio Ortega, Smart Person behind Zara

Get Acquainted with the Figure behind Zara

Who doesn’t know Zara? Zara is a world-class fashion brand that is very popular among the world community. Zara has released many products with the best design and quality. Starting from the products of clothes, bags, shoes, accessories, and much more; products released by Zara can be used by women, men, and even children. You can say that Zara is currently one of the most popular brands in the world.

Getting to know Zara’s products certainly makes us curious about the figure behind this big brand. He is Amancio Ortega Gaona; the man who was born on March 28th, 1936. He is the figure who pioneered Zara from nothing into the biggest world-class brand like we know today. Thanks to the Zara that has been released by him, Ortega is now one of the richest people in the world coupled with the ranks of other rich people including Mark Zuckerberg, founder of Facebook.

If you look at the current Zara, we can see that Zara is targeting the upper middle class. This brand presents fashion products with the best quality and design. However, did you know that behind the success story of Zara, there is an interesting story from the founder that we should know. Ortega, the founder of Zara, started his business from nothing until now he is known as one of the richest people in the world.

Ortega’s Family

If you see Amancio Ortega at this time, we might find it hard to imagine that Ortega doesn’t come from a wealthy family. The wealth and success gained by Ortega is currently obtained with effort from below. Ortega pushes himself to do his best and build Zara from nothing into something big like we know today. Ortega was even born to a poor family and lived in a small village in Leon, Northern Spain.

Ortega is the youngest of four children. Because of the condition of his poor family, Ortega moved from Leon to La Coruna, Galicia. Ortega’s father works at the train station and his mother works as a housemaid. At the age of 14, Ortega quit school and began working as a shop assistant at a company called Gala. It was here, the place Ortega began to get acquainted with the fashion world through his work on making clothes by hand.

The experience of working at Gala made Ortega think a lot and finally understood that to be a successful person he must be able to fulfill the customer’s desires. Until finally in 1950, Ortega gathered female tailors and formed a tailor cooperative. This tailor cooperative produces several types of clothing products such as nightgowns and clothes for babies.

Ortega’s First Company

Amancio Ortega is a fast learning person who is good at developing his abilities. In 1963, Ortega and his family founded a company called Confecciones GOA, S.A. This is Ortega’s first company which later became the pioneer of the world-class brand Zara. At this company, Ortega made clothing production in a quick way and successfully acquired several factories in Spain.

In 1975, Ortega opened its first store called Zorba in La Corona. This name is taken from the favorite film of Ortega’s first wife, Rosalia Mera Goyenechea. Unfortunately the name Zorba got a protest from the night bar that have a same name. Ortega then changed the name of his shop from Zorba to Zara.

Zara showed very fast development. Ortega and his wife Rosalia Mera, developed Zara very quickly. But in 1986, Ortega and Rosalia Mera divorced. On his way, Ortega succeeded in forming the Inditex Group and opened Zara’s first store in Portugal. Furthermore, Zara continues to expand its territory to various countries, such as the United States, London, and it is expanding to be known by the world community.

Zara’s Main Strength

Amancio Ortega can bring Zara into a world-class brand like now with a unique working principle. Ortega prioritizes speed in its business. Zara is known as a brand that produces products and serves customers in a very fast time. Within a year, Zara could develop and distribute 12,000 new clothing designs to the public.

Besides speed, Ortega also prioritizes the principle of approach to customers. Customers are the main key and Ortega wants Zara to be able to fulfill customer desires in a fast time. Within one day, designers at Zara could make three designs and all the crew working at Zara worked together quickly to produce a lot of products with good quality.

With the speed that Zara prefers, it is no wonder that this brand can always issue new products every year in a fast period of time. Zara lovers don’t have to wait for a long time to enjoy the latest products from Zara. Although it is produced quickly, all of its quality products can be guaranteed.

One more advantage possessed by Zara, this brand has always issued exclusive products. Zara never issued the same product. If the design has been released, Zara will not issue products with the same design. Zara will only make modifications to the design. So, Zara’s lovers will be satisfied with the product they have because the product is exclusive.

Charity

Amancio Ortega is now one of the richest people in the world. Ortega’s success is not only through the fashion business but also through businesses in other fields such as banks, tourism, and real estate. The business of Amancio Ortega is spread in various places in the world so it is not surprising that Ortega is known as one of the richest people in this world. Ortega also recorded a lot of investment in charity activities.

Together with his ex-wife, Rosalia Mera, Ortega also had a foundation which was named The Paideia Foundation. The foundation was founded in 1986 and focuses on helping people with mental or physical disabilities. This foundation provides facilities for mentally and physically disabled people to get education and training.

Amancio Ortega is one of the figures that inspire all of us to work hard and take risks in order to achieve success in the future. By seeing how Ortega’s journey from below to success with Zara, it becomes a valuable lesson for us that all hard work will be paid for with the best results.

Bill Gates

Let’s Open The “Window” with Bill Gates

Bill Gates, the name behind the world’s most re-known computer software and one of the richest peoples in the world .

Our every day is inseparable with computer technology. We type, make document, count numbers, make table, draw pictures and do other tasks on computer. Nevertheless, computer without software is useless and talking about this program, the word Window comes up as the most ubiquitous.

This following short passage of Bill Gates Biography will take us more to know about his life.

Early Life

William Henry Gates III was named given to a baby boy who was born on 28th October 1955. In Seattle, Washington, William H.Gates Sr and Mary Maxwell Gates welcomed the newly-delivered baby after having a daughter (Gates’ older sister name was Kristianne). Gates’ father worked as a lawyer meanwhile his mother earned a living by serving the United Way and the board of directors at First Interstate Bancsystem. At his young age, William senior and Mary encouraged Bill Gates to attend law school in order to become a lawyer, yet his life journey brought him to be the best in the computer’s world.

Bill Gates Family in a story

Gates’ marriage to Melinda French happened in a golf course in Hawaii on 1st of January 1994. They first met when French worked at Microsoft as a product manager. Known for having bright and organized personality, French was perfect match for Gates since both of them were often involved in intellectual discussion. Three children were born from the marriage; Bill Gates daughter named Jennifer Katherine was delivered in 1996, Bill Gates son – Rory John (1999) and another daughter called Phoebe born in 2002. Bill Gates children also attended Lakeside preparatory school in which their father used to spend most of his teenager’s study life.

Bill Gates Education; A tech Geek

As he was known for his love on reading, his parents were worried when they later found that Gates displayed a sign of drawing himself to become a loner. Later when he was 13 years old, his parents enrolled him to a private preparatory school at Lakeside School. During his stay there, Gates showed excel performance in almost all the subjects taught such as mathematics, science, English and even drama. At this school, he met his long-time partner in computer named Paul Allen, in whom later he worked on Microsoft.

His introduction with computer came he was eight grader in which the school offered the student to give computer lesson. The teletype terminal was purchased by the school for the students to use and this was when Gates found himself enthralled by this machine and spent most of his time working on the terminal. A tic-tac-toe program was written by him in a computer language that enabled the users to play against the machine.

After graduating for Lakeside, Bill Gates pursued his higher education at Harvard in 1973 studying at Law School. His more enthusiasm in computer resulted him rarely joined the class for he spent most of his time dealing with computer in the lab. Two years later, he made up his mind to drop out of college and began seriously working with his partner Paul Allen to create Microsoft.

Microsoft and its success

What is Microsoft? The word Microsoft was taken from Micro computer and software. The initial words from the two words were combined with hyphen in micro-soft. In 1976, the hyphen was dropped. Microsoft was actually a joined name program worked by Bill Gates and Alan after they successfully developed a software program named BASIC for a MITS(Micro Instrument and Telemetry Systems) to develop an Altair simulator that worked on minicomputer. This newly-developed program was popular among the computers;’ enthusiasts.

Because the software was distributed freely in the circle community of the hobbyists, Gates started popularizing the idea that computer software could not be shared free as it discouraged the developer to write good computer software. His belief led him to involve in a clash with the owner of MITS and forced him to part from MITS.

In 1979, Gates moved the company from Albuquerque to Bellevue, Washington with his position as the head of the company. From here, the company has broaden into a worldwide one

Partnership with IBM Personal Computer

Microsoft breakthrough success was started with Bill Gates and Paul Allen worked together with IBM computers which proposed for BASIC interpreter. PC DOS became the solution offered by Gates to be used as an operating system with $50.000 for the fee. After this, the sales of DOS skyrocketed and Microsoft gained recognition as a major player on the new computer

Windows

Another major product made by Microsoft company is Windows. Firstly launched in 1985, this was a graphical operating system shell. Its popularity bloomed and even dominated the industry of personal computer, in operating system sector by 90%, overtaking Mac OS developed by Apple. Until now, there have been a lot of developments of the system. Some of them are Windows NT, Windows loT, Windows X9, Windows mobile and many others

Net worth

In 1987, Bill Gates was listed as one out of 400 richest men and the youngest billionaire in the USA with $1.25 billion dollars. Since then his name had been a regular list for billionaire. From 1994 to 1996, 1998 until 2014, he was dubbed as the wealthiest man on earth with value more than &82 billion dollars before being overtaken by Jeff Bezos in 2017. With this money, Gates family lived in a mansion in Medina, Seattle Washington.

Philanthropy

Gates’ serious involvement with charity occurred in 1994 when he started to established William H. Gates foundation. In 2000, Bill and Melinda Gates Foundation was created with donation of $5 billion and identified as the wealthiest charitable foundation. The foundation focuses on global problems that mostly are neglected by the government in the areas of global development, Health, United States, and Policy and Advocacy. In addition to that, the agricultural organization such as International Rice Research Institute is full support from the foundation.

In 2002, Giving Pledge- a commitment signed by Warren Buffet, Melinda and Bill- was signed as their agreement to share half of their asset to charity over the course of time.

 

 

Jeff Bezos

Bernard Arnault ; A French Wealthiest man

A Recount of Bernard Arnault successful life

In the list of the richest peoples in the world , Arnault – A France born tycoon- is placed on the 4th order with net worth – as it was recorded in November 2018- $ 74.7 billion, but when it comes to Europe he is definitely the top. Bernard Arnault is a man with sharp business skill, successfully leading his father civil engineering business into a more diverse worldwide expansion.

Early life

Born with the name Bernard Jean Etienne Arnault in Roubaix, France on March 5th, 1949, Arnault was the son of Jean Leon Arnault, a manufacturer and the owner of Ferret- Savinel (a civil engineering company).  His mother was unknown to the public.

After completing his middle school, Arnault was enrolled at Maxence Van Deer Meersch High School. Afterwards, he was registered at prestigious Ecole Polytechnique in Palaiseau majoring in engineering. In 1971, he graduated from the institution with engineering degree.

Career

a). Ferinel

Following the graduation, Arnault landed a job at his father’s Construction Company as an engineer in which during his 5 years of working, convincing his father to change the company’s focal point to real estate that he considered as a booming sector at that time. This movement resulted in the birth of company name, Ferinel, specializing in holiday accommodation. In 1977, Arnault was promoted as a CEO and 2 years after that, became a successor of his father’s position as the president of the company.

In the early 1980’s, the changing in France’s political environment ( The French Socialist took over the government) drove Aranault’s family to move to the USA. There, he developed a condominium in Palm Beach, Florida, expending his real estate business in the states. After the political condition in France shifted from socialist into conservative, Arnault decided to return to his home country and began seeing different areas of his business venture.

b). Christian Dior

The bankruptcy of Boussac Saint- Freres  in 984 opened an opportunity for Arnault to take over the business with the help of Antoine Berheim. This freshly-taken over textile company owned Christian Dior (purchased with $15 million), Le Bon Marche ( a department store), Conforama ( a retail shop) and Peaudouce ( a manufacturer for diapers). Aside from keeping Christian Dior and Le Bon Marche, Arnault sold the rest of the assets.

c). LVMH (Moet Hennessy Louise Vuitton SE)

LVMH is company dealing with luxury goods brand based in Paris, France as a result of the merger of two companies; Moet Hennessy and Louis Vuiton. There are 60 subsidiaries under LVMH which are managed independently. The products of this company ranging from cosmetics, clothing, accessories, fashion, perfumes, watches, wine and jewelry.

In 1993, Bernard Arnault possessed  43%  shares of LVMH and 35% of voting right, making him an elected CEO of management board. Since then, striving development took place to put LVMH as one of the largest luxury group. In 2017, the revenue generated was recorded at 42.636 billion Euro. In addition to that, other investments were thrown on some website companies for like Boo.com, Zabank, Libertysurf and yacht business.

Arnault’s Family

In 1973, Arnault married to Anne Dewavrin. From the marriage two children were born; a daughter named Delphine Arnault and a son called Antoine Arnault. The couple separated in 1990 allowing Arnault to remarried with Helene Mercier ( A pianist from Quebec, Canada) in 1991. The second marriage brought him three more sons (Alexandre, Frederic, Jean). Four of  Bernard Arnault children have official roles in his father’s company.

Bernard Arnault son, Antoine, handled Berluti, an Italian leather brand and was responsible as a chairman for a company called Loro Piana. Meanwhile, Delphine, Bernard Arnault daughter is managing Louis Vuitton as an executive vice president and director. Alexandre works at Rimowa (the name of luggage brand from Germany) as co-chief executive and Frederic, is appointed to be the head of connected technology at Tag Heuer.

How Rich is Bernard Arnault?

Data from Wikipedia stated that in 2015, Arnault employed 120.000 people for his company; a big number that helped him generate Bernard Arnault net worth of estimated $80 billion dollars per May 2017. Having this much money, Bernard Arnault house is built in more than just one place. Le Cheval Blanc is a luxurious hotel located in Courchevel owned by Arnault for personal space as well as business. Other mansions are Chateau Cheval Blanc in Bordeaux covering 41 hectares, ST. Tropez mansion in St. Tropez island, and even a private island in Bahama worth of $35 million.

Recognition Under His Name

During his lifetime, there have been some recognitions (either domestic or international) awarded to Bernard Arnault. Commandeur and Grand Officer of the Legion d’Honnoeur (he received the award on February 10th, 2007 and July 14th, 2011 respectively) were given to him. Legion d’Honnoeur is the French version of Order of Merit awarded to military personal or civilians founded by Napoleon Bonaparte. Another award was the Woodrow Wilson Award in 2011, and David Rockefeller Award from The Museum of Modern Art.

Personal Space and Taste

Picasso’s masterpiece is one of many rare art collections on display as Bernard Arnault is noted as an art collector. Other famous works from Yves Klein, Andy Warhol and Henry Moore add more to the group of selection. His fondness in art was shown when he established LVMH Young Fashion Designer Competition to cater the Fine Art students to express their creativity in art. It can be said that this is a part of philanthropy action Arnault gives to the society. The winner at this contest is granted with mentorship and full support in creating own brand.

Other than those aforementioned sections, Louis Vuitton Foundation for Creation ( an art museum) was open in 2014 as a dedication for creativity in art. The building was designed by Frank Gehry in Paris with glass comprising most of the structure.  The masterpieces of world’ most re-known artist from both 20th century and modern days are exhibited here.

 

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