How Do You Become a Billionaire?

How to become a billionaire?
A study of billionaires from over the past 160 years shows that the best way is through ongoing deal-making. Deal-making is defined as the acquisition, improvement, and sale of various assets. These assets are usually private companies in the early stages of a future billionaire's career. Later on as his wealth grows, the assets become bigger public companies.

The best introduction to these larger than life figures and how they wheel & deal is Matthew Josephson's classic The Robber Barons.

If you're interested in how to become a billionaire follow current trends in the market place to spot opportunities. Look for fast growth industries. The current economic meltdown is creating new ways of doing business which future billionaires can exploit. For example, there will most likely be a return to more localized production of many of the goods we import from China. In addition, new business models such as industry aggregation also offer tremendous opportunities.

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