Updated: March 7, 2016
Forbes has recently updated their list of the world’s richest billionaires.
The results have been going around social media, including the list for the wealthiest in the Philippines.
Many reacted with envy, some with admiration.
Personally, my reaction can be described as “confirmation” – as the list affirms my strongly held belief about wealth building.
What do I mean by “confirmation”?
The best way to explain this is by showing you a screen capture of the profiles of the top billionaires according to Forbes.
Top 5 Richest Billionaires in the World
Notice anything similar among them?
Now, let’s go local…
Top 3 Richest Billionaires in the Philippines
How To Be a Billionare, A Lesson From Forbes
If you want to be on top of the Forbes list of richest billionaires…
… then you shouldn’t pray to win the lottery,
… you don’t even have to look for a rich spouse,
… nor wait for an inheritance to come your way.
Do what these eight people did…
Create your own wealth and be a SELF-MADE BILLIONAIRE
I’m a huge fan of your articles and website. However, this article ranks as one of your worst. Sorry but I am sure you really didn’t really need confirmation (and so do your readers) that creating wealth (billions) comes from hard work. 😉
The first time I learned about the Forbes List was back in 2011 and I’ve already noticed that most, if not all, of those at the top were self-made billionaires.
The results were the same for the coming years and up to this year – and thus, I’ve decided to take it as a confirmation that the best source of wealth is one that you’ve created.
Also, I believe that hard work results to success in life – which does not necessarily equate to wealth.
I’ve met hard working people who are successful and happy at their chosen career but still struggle financially because their mindset is that their only chance to become wealthy is by winning the lottery.
I’ve also met women, who deliberately choose to date rich men, hoping to marry into money, despite being skilled, talented and having the potential to create their own wealth through entrepreneurship.
Lastly, a close friend of mine is content and happy at his current job, which he has held for more than 10 years now. He’s hard working and a great salesman. Yet, he has no plans of quitting and going into business because he’s just cruising through life and waiting to inherit his part from his grandfather’s vast fortune.
Congratulations for being part of the few who believe that the best way to have billions in your bank account is to create the wealth yourself. Unfortunately, there are some who needs to be reminded of this, which I hope this post has done.
Thank you for sharing your thoughts. It was highly appreciated. 😀
Hi, Fitz! I have been catching up reading your articles ever since i discovered this late last year. Very enligthening! We have limited our investments to education and pension plans, however, CAP collapsed, we just got out in the nick of time with Prudential, and we’re praying that our PepPlans(now APEC) will continue to thrive as we are now reaping the benefits of our son’s education plan. It’s our last year of his high school fund but we’ll be using the college fund for his Grade 9 to 12. You said to have an objective, well, our objective is to have additional funds throughout college. What do you suggest? Is mutual fund better than UITF? I’m really unsure what and where to invest in given that we got robbed of our savings before. And we’re not getting any younger, I’m turning 51(yikes i can’t believe i said that!). Thank you so much and i hope your blog will stay forever!
Actually, the more I become financially literate, the more I learn to respect these truly (and legit) rich people. Envy had been replaced by respect because what they’ve accomplished is really a difficult feat.
I guess this should be the moral lesson of this Forbes list… not so much to envy,be lost in wishful thinking, and become worldly.
Nice list, and these are some inspiring individuals, but I don’t agree on the advice. “Do what these eight people are doing”, that sounds like a lame advice, everyone has their own paths to do their things and make money. It varies by people, and what path do they choose to become a millionaire or a billionaire.
I’m going to start investing in stocks and read your Beginners Stock Market Guide. Can you recommend a good PSE trading partner?
[…] favors the bold. As we all know, The Forbes List consists of tough people who burned their ships to become what they are […]