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The First Jobs of 10 Wealthy Entrepreneurs

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There’s a stereotype in America that successful CEOs and entrepreneurs were born with silver spoons in their mouths. Their eye-popping fortunes were little more than a gift from luck, genetics or privilege. Given this stereotype, it’s tough to imagine people like Warren Buffett ever working “regular jobs” like the rest of us. However, you may be surprised to learn that many titans of industry got their start in very pedestrian positions that you wouldn’t suspect. Today, we look back on the first jobs of 10 wealthy CEOs and entrepreneurs.

Ross Perot

(Leia)

Respected worldwide as one of the most effective business leaders of the 20th century, Ross Perot got his working start earlier than anyone on this list. As CNN tells it, Perot’s father was “…a cotton broker and a part time horse trader who put his young son to work at the age of six breaking horses for a dollar or two apiece.” (The elder Perot also notes that “”Perot’s nose still shows the results of the falls he took.)” Once he was older, Perot enlisted in the US Navy in 1949 and helped to establish its honor system, and by 1953, he was president of his battalion. So began a life of leadership that would see him create and sell-off two very successful, independent companies (Electronic Data Systems and Perot Systems) for billions each.

Wayne Huizenga

(philly_ies)

Before becoming a waste management magnate, owning the NFL’s Miami Dolphins or MLB’s Florida Marlins, Wayne Huizenga got early work experience as a gas station attendant during high school, according to Forbes. Reportedly, Huizenga also took a truck driving position at 17 to help his mother with household bills following her traumatic divorce from his father. Huizenga later enlisted in the Army reserve in 1959. By 1960, Huizenga was already buying his own truck and recruiting clients for the fledgling waste management company that would build most of his $300+ million net worth.

Warren Buffett

(Ethan Bloch)

Investing mogul Warren Buffett’s first job reads like something out of a novel. Long before he made history with his shrewd and old-fashioned-style investment decisions, the Nebraska native earned his first “working capital” as a newspaper delivery boy. According to WorkingWorld.com, Buffett was already, at age 13, “…savvy enough to deduct the cost of his bicycle on his first tax return.” So began a path of frugality for Buffett that saw him amass over $140,000 by age 26 (in 1956), who would eventually became one of the richest men in the world at present.

Donald Trump

(Michele Eve)

Commercial real estate tycoon Donald Trump got his hands dirty (literally) for his first working capital. According Forbes, Trump accompanied his father to job sites and collected empty cans and bottles with his brother for the redemption value. It didn’t add up to much (Trump recalls it equaling a “below-average allowance”) but it no doubt taught him the value of a dollar. Humorously, Trump also notes that he later accompanied dad on rent collection jobs to scoop up bottles and cans that way, but quickly learned to, “…stand out of the doorway to avoid the possibility of being shot”.

Sam Walton

(Gattis)

If ever an entrepreneur rose up from humble beginnings, it was Sam Walton. The Walmart founder began helping his family make ends meet at an early age, and held many odd jobs. Among these were milking the family cows, bottling the milk and hand-delivering it to paying customers. Later, Walton would take to his bike to complete a daily paper delivery route. He also sold magazine subscriptions on the side, perhaps building some early sales skills that proved crucial later on. Upon graduating high school, Walton was voted “most versatile boy” in his class. Walton continued working odd jobs early in college, including “…waiting tables in exchange for meals”, according to Wikipedia.

Jim Clark

(Marcin Wichary)

Netscape founder and maverick entrepreneur Jim Clark was anything but a “silver-spoon” case. Growing up in a poor single-parent household, Clark’s first job (after dropping out of high school) was his four years as a member of the US Navy. Michael Lewis’ book The New New Thing chronicles how disastrous this was for the young Clark, who constantly found himself at odds with authority. Like so many entrepreneurs, Clark simply could not defer to superiors for any serious length of time, and went on to found Silicon Graphics, Netscape, and Healtheon.

Larry Ellison

(Oracle OpenWorld San Francisco 2009)

Much of Larry Ellison’s early life was marked by the perception that he would never amount to anything. Achievement.org refers to the future Oracle co-founder as a “…seemingly aimless young man” who dropped out of high school after his mother passed away. However, unbeknownst to Ellison’s father, the young boy had developed a stunning aptitude for math and science, which paved the way for his first job as a technician at Wells Fargo. His programming duties at Ampex even saw Ellison participating in “building the first IBM-compatible mainframe system”. From these beginnings, Ellison has risen to the point where, as Guy Kawasaki writes in Reality Check, “…Larry Ellison can keep the San Jose Airport open after-hours to accommodate the landing of his own personal jet”.

Michael Dell

(Joi)

Dell founder Michael Dell was hardly an instant business success. According to CareerBuilder, Dell got his working start as a dishwasher in a Chinese restaurant. His starting wage? A whopping total of $2.30 per hour. Dell also displayed some early sales prowess during his high school years, when, despite not excelling academically, he raked in $18,000 in Houston Post sales – enough to buy a car and three computer systems. Once in college Dell wasted little time starting his first business (PCs Limited) in a single room of a 27 story residence hall. Before long the young company showed enough promise to inspire Dell to drop out at 19, taking a loan from his grandmother and re-naming the business to Dell Computer.

Ray Kroc

(theotherway)

Ray Kroc’s first job epitomizes humble beginnings. His first ever job, according to FAQs.org, was helping out at his uncle’s soda fountain the year before he began high school. Inc’s Great Leaders series also reports that Kroc “…lied about his age to land a job as a Red Cross ambulance driver during the First World War”, but the fighting ended before he could serve. Following the war, Kroc served in a veritable revolving door of temporary capacities, including “…a pianist, a grocery store bagger, and a paper cup salesman” before buying out the McDonald brothers for their rights to the iconic hamburger chain.

Herb Kelleher

(uscgpress)

Hailed by some as the greatest American CEO of all time, Southwest Airlines’ Herb Kelleher (middle) was hardly born into executive greatness. Rather, the humble New Jersey native got his first working experience from his six summers at Campbell Soup, working under his father (also the general manager) according to Charles Blackwell’s article “Flying High with Herb Kelleher: A Profile in Charismatic Leadership.” It was here that Kelleher learned and perfected his people-focused, contrarian (and often eccentric, as this video demonstrates) management style that has remained a fixture in business school curriculums for decades.

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43 Comments so far

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  1. some corrections on Perot:

    In this text, “Perot enlisted in the US Navy in 1949 and helped to establish its honor system, and by 1953″ He didn’t really enlist he got accepted into the naval Academy from which he earned his commission as an officer in the Navy. And he didnt establish the honor system for the entire navy but he instead laid the ground work for honor system at the United States Naval Academy.

  2. I think you have missed a very viable candidate for your list. JB Hunt, who started JB Hunt trucking also did not grow with a silver spoon. He left a very small arkansas town at a young with 1100 dollars saved and borrowed from friends and family members. Only to return to his home state and transform a fledgling Northwest Arkansas into the boom town its has become.

  3. I really wanted to love this article, but really, you couldn’t find at least one token woman or someone non-white to put in there? Not even (cheezily enough) Oprah? I wanted to feel inspired and am to a degree but every single one of those listed is a rich white guy. Really, no one else is a successful wealthy entrepreneur? Did you need help constructing the list?

    • What does it say about us that it is necessary to include a ‘token’ woman or black guy in an article of ONLY 10 featured people? Seriously?

      Let me clarify what the point is… the lack of diversity in a small group does not indicate anything other than the lack of diversity in a small group. Yet, complaining about the lack of diversity in a small group indicates a deep need to find diversity in a small group. Needing to artificially ’round out’ every small group with non-white-guy entries is a bad thing… it does not show acceptance and diversity… it highlights repeatedly how fake the ‘not quite diverse’ small group is when chosen this way.

      I find complaints like yours to be a genuine indication that racism in America is alive and well primarily because so many people want it to be.

    • thanks for your comment b/c i had the same visceral reaction. there are so many to choose from. besides oprah there is russell simmons, cathy hughes (who at one point in her life, was homeless), bob johnson, reginald lewis, and even magic johnson, who made the majority of his wealth off the court. however, regarding the comment by the FB user regarding racism. it exists. there’s no debating that. calling out obvious lapses in something as insignificant as this article is not an attempt to force-feed political correctness, but only to offer the writer a suggestion of balance and depth. most of us can name the ones listed off the top of our heads. and, excuse me, but the trumpster was born with a silver spoon in his mouth, and probably paid homeless men and women pennies for their collection finds.

    • Yes, I too can not feel inspired by people who have worked for what have gotten, I need inspiring stories of people who are black or brown, without too much affirmative action in their past.

      I think this could also constitute a hate crime.

  4. Dream big and in most cases, start small.

    To become successful don’t study the end product. Focus on the progression.

    Inspiring read!

  5. Trump has no place on this list, he was left a fortune in property by his father.
    He keeps peddling the ‘boy made good’ story but it is an utter fabrication.

    • Agreed. He started with $2 million in equities to play with and 100% ownership in his new company. Good gig if you can get it. And he’s not even that wealthy. He’s owned by his bankers (investors).

  6. I agree with Sigh… I wish there was a woman on this list, or someone who wasn’t the typical rich white man. Oh well.

    • But does it really matter? You could find some and post them yourself, as well.

  7. I concur, and I also feel that porn stars are underrepresented in the list. Many of them started out with VERY humble jobs, but look at them now!

  8. JerseyDan

    Did you read the article?! How are any of these people “typical rich white men”?!? Give a little credit where it is due.

  9. Successful entrepreneurs deserve every bit of dollar they are now earning. This stories are what keeps me motivated to continue my entrepreneurial career.
    -Jomer

  10. Nice post and a great collection of ten wealthy entrepreneurs, thanks for sharing the same here.

  11. I love digging into such people’s biography. This list of 10 people can make up a great book with detailed history of their life.

  12. I know that is has a list of their first jobs, I wonder though if there is a connection between those jobs and wealthy people, such as most wealthy people usually work a specific type of job

  13. This very nice article points out that few of the wealthiest people came from money, and that they began working long before most folks even think about it. They had to DO things to get where they got. Read more biographies of successful people, and you might begin to discover there is a pattern, called WORK. And who they work for is themselves.

  14. I think you could of come up with a better 10

  15. Dreamer

    10 Financially wealthy, yes, but show me 10 happy people that are just doing well. Married to their first spouses and spending a lot of time with their kids. Most of these guys sacrificed their families along the way, and I’ve read books on a few of them. They all say they wish they’d spent more time with their kids. My income is very modest, but I spend every evening with my wife and kids. I’m more wealthy with happiness than any of these knuckleheads, and must be smarter to have forseen and avoided the regret. You only go around once and it’s pathetic to measure a person by their money.

  16. I am a dishwasher at a chinese restaurant now…. I dont see my Michael Dell fortune anywhere close

    • Victor Binkerd

      Perhaps this is the problem. You don’t “see” it happening! Pick a goal amd MAKE it happen.

    • Michael,
      Don’t lose hope. I have been a dishwashwer twice, once for 2-3 weeks and then once for about 11 months in a Marine Corps chow hall. I was civilian work force.
      Anyway, I did a lot of good thinking while up to my arms in grease, goo, and suds, but went home with the job completely behind me. Some of this thinking has paid off about 20 years later (am 40 now) because I now have the varied work experience to start my own companies (plural).
      I have been listening to the Millionaire Mind and somewhere on CD 5/6, track 16, Prof. Stanley talks about how Most of the millionaires surveyed held numerous jobs that gave them a big picture perspective on business from the ground up and how none of these future millionaires were averse to hard work. Keep up with those dishes but learn to type, program databases, whatever on the side. Be diligent, think of yourself as a prisoner/slave and you will escape in due time. Sincerely,

  17. … wow, what a suckish list…. I agree with Sanchez. You could come up with a better 10.

  18. This was an well written and inspiring article. It really puts the idea in my head that the generation of those entrepreneurs is fading and Generation X is moving up.

  19. kishore reddy

    I think information you got about DONALD TRUMP is not right.he born with a SILVER SPOON.Anyhow this information gives lot of strength,confidence and courage for those who are trying to reach great heights with poor job.
    thank you

  20. MG Howard

    This is all well and good, however times have changed.
    It no longer is possible to attain greatness because the
    only requirement that is needed is to be “in the club”.

    If you’re in the club, you’ve got a chance especially if
    you use your own money. If you start making money,
    others will invest because they want a piece of the cash
    you’re bringing in. No one wants to actually create $$$.

    They just want some of what you’re making…

  21. Joe Biden

    The author is a retarded.

  22. I agree with facebook user. I think it’s ridiculous to force something just for the sake of doing it. ANY time you make a choice based on race… it’s racism. Even if it’s to add something positive. But just out of curiosity, I looked up the richest people in the world and searched the Americans. The top non-white or non-male person who wasn’t born rich is Patrick Soon-Shiong of American Pharmaceutical Partners.

    http://en.wikipedia.org/wiki/Patrick_Soon-Shiong

  23. Everything starts with 1 … 0 makes no activity except at division by zero

  24. It is always inspiring to read how some of the most successful and productive members of society got their start. Thanks for sharing!

  25. Mathias

    Not to forget about Ingvar Kamprad of IKEA. He made his own job´s. Fixing bikes up and selling them for a profit, redeeming cans and so on. Now he´s sole owner of one of the most healthy companys in the world with a profit of more than 20 billion € since 2000 and not a cent in loans.

  26. Trump has no place on this list, he was left a fortune in property by his father.
    He keeps peddling the ‘boy made good’ story but it is an utter fabrication.

  27. Thanks for the great entrepreneurial post. I would add Gary Vaynerchuk of Wine Library as a recent noteworthy addition to the list.

  28. pcastine

    The interesting thing about including Trump is the reminder that a lot of the wealthiest entrepreneurs *did* start off life with more than the average amount of money in their bank account. What would be more interesting would be a breakdown of, say, the CEOs of the Fortune 500 to see how many really did have to start working before their teens to support an impoverished family, and how many started off with multi-million trust funds.

    I have no doubt that what all these people have in common is having worked incredibly hard (yes, including The Donald). And probably having sacrificed the family life in the process. I wouldn’t mind having a few mill, but my family is worth more to me.

  29. The most popular job still seems to be working for Dad.

  30. I see Samoans are again, slighted by lack of inclusion. This can not stand!

  31. Jennifer G

    It’s sad that it’s all just men….

  32. Oh definitely. I heard that it takes some serious connections to get a paper route. s

  33. I like the article and I’d like to add that if you did enough research you would probably uncover that most successful people have at least one very intelligent parent. When I say very intelligent I’m talking about a type of person like Thomas Edison or Alexander Hamilton. It’s someone who didn’t have a good background, but was so damn intelligent (not based on education) that they could achieve anything they put their mind to. That parent groomed their child to be the best in whatever they chose to put their heart into. A perfect example is Bill Gates, Tiger Woods, Warren Buffet, and Barack Obama. Don’t believe me, listen to this video from Charlie Munger: http://www.youtube.com/watch?v=L6Cy7UwsRPQ. (Minute 4:40 for those who don’t want to watch the entire video.)

  34. This post just goes to show that it only take a vision and a person can accomplish anything. Entrepreneurship isn’t for everyone, but the ones that are willing to take the leap are the ones that accomplish some amazing things.

    -Joshua Black
    The Underdog Millionaire

  35. Janine

    I agree with the comments that suggest including more diversity. All the snarky comments against inclusion are just representations of insecurity and the fear of the loss of privilege. If you disagree, great. What you wanted to read is already posted above. Let others suggest what they would like to see posted on this site without silencing them and making seriously bad jokes at your own expense.

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