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Did you think graduating from college is a must in order to build a successful career? Think again! There are thousands of billionaires throughout the world who enrolled for a degree, but never got to graduate. In fact, statistics show that the average net worth of dropout billionaires, $9.4 billion, is almost triple that of billionaires with a PhD. Indeed, 20% of America’s billionaires never attended college in the first place. Not yet convinced? Here are 10 famous billionaires who dropped out from traditional college in order to start their thriving businesses.
1. Bill Gates
The co-founder of Microsoft Corporation, the world’s largest software company, is by far the most famous college dropout who became a billionaire. The man who said “to win big, you sometimes have to take big risks” has now held the position of the world’s richest man for 13 consecutive years.
2. Thomas Edison
You may not have known, but Thomas Edison was considered dumb and scatterbrained by his school teachers. Nonetheless, he wasn’t discourages and, even though he dropped out of college, he then became one of the greatest inventors the world has seen, as well as the founder of General Electric.
3. Michael Dell
Dell dropped out of college at the age of 19, stating that he “had to give it a full go and see what happened”. He founded the famous Dell Computers Inc, which became the most profitable PC manufacturer in the world.
4. Steve Jobs
The co-founder of Apple Inc and Pixar was unable to graduate from college because his parents could not support his tuition fees. This did not hinder his ambition as he started Apple just after leaving Reed College, later to become one the world’s most famous billionaires.
5. Henry Ford
Ford was born in abject poverty and therefore never got to participate in a class at school. However, with ingenuity and great determination, he went on to build Ford Motor Company, becoming the famous automobile billionaire everyone knows today.
6. Walt Disney
Disney dropped out of high school at the age of 16. Nonetheless, he went on to found the Walt Disney company, which today has an annual revenue of $30 billion. Disney himself became the most influential animator ever known, thanks to his creativity with cartoons.
7. Mark Zuckerberg
The creator of the social media phenomenon known as Facebook dropped out of Harvard in order to better promote his social networking platform. He later on became the world’s youngest billionaire.
8. Madame C.J. Walker
This amazing woman was born into a family of ex-slaves and farmers, while her later life brought about even more hardship. She was widowed at the age of 20, but she did not give up hope and started her own cosmetics business. Thanks to her ambition and perseverance, she became America’s first self-made woman millionaire.
9. Giorgio Armani
As the billionaire founder of the fashion brand wearing his name, Armani always told others to “remain true to themselves and to their philosophy”. As a young man, Armani dropped out of medical school because he couldn’t stand the sight of blood.
10. Ty Warner
Warner is now a billionaire real estate investor, hotel owner and, most importantly, the owner, CEO and Chairman of Ty Inc. Without spending any money on advertising, he made $700 million in only one year during the Beanie Babies craze. Warner himself never graduated from college.