10 Most Successful Entrepreneurs (And What to Learn from Them) (2022)

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Apart from making crucial decisions for their own businesses, entrepreneurs innovate and grow their ideas. Albeit there being no cookie-cutter answer that fits everyone’s experiences, taking a look at some of the most successful entrepreneurs today, you might spot some similar traits and characteristics.

Starting and nurturing a business entails a great amount of hard work and commitment. However, for aspiring entrepreneurs who are prepared to dedicate themselves to their vision, here are 10 most successful entrepreneurs you can learn from:

1. Bill Gates: Keep Learning and Exploring

If you don’t know Bill Gates, you likely know the company he founded – Microsoft.

Bill Gates’ story is a prime example of nurturing an idea that might seem out of this world but make sense in the future. One of the most successful entrepreneurs in history did not complete his degree at Harvard University to pursue a vision that the technology would soon become the future.

He told a white lie to Altair, saying that he had made a computer program for them, therefore pushing himself to create a system that would change modern history.

“The most important speed issue is convincing everyone that the company’s survival depends on moving as fast as possible.”

Gates’ success is built on self-improvement and the seeds of an idea.

Learn more about Bill Gates’ story here.

2. Elon Musk: Never Stop Innovating

Traditional thinking suggests that in order to become a successful entrepreneur, one must focus in a single field or industry.

Elon Musk, however, breaks that rule.

Today, the multifaceted tech entrepreneur, investor, and engineer advocates for the diversification of skills and businesses by delving into various fields of interest.

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When done right, skills in a single domain can be carried over then applied into contrasting industries to create something new the world might need. Musk owes his accomplishments to a constant thirst for knowledge.

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Having birthed Tesla and a myriad of products across the arenas of aeronautics and software design, Musk continues to evolve as an entrepreneur and plans to innovate for the long haul.

Learn more about Elon Musk’s story here.

3. Richard Branson: Develop People First

British entrepreneur Richard Branson founded Virgin Records in the early 1970s. Virgin Records has since grown into the Virgin Group, today responsible for over 400 companies.

The billionaire is strongly particular about working with a team that shares his core values and aspirations.

Branson believes that managing a business can become taxing, thus he acknowledges his employees for putting in the effort that they have.

A good leader knows how to raise morale for positive productivity. Utilising emotional intelligence and compassion is a game changer in seeing results within a team.

Branson supports the idea of nurturing a positive work environment, with the belief that credentials must go hand-in-hand with an enthusiasm for work.

Learn more about Richard Branson’s story here.

4. Jeff Bezos: A Relentless Focus on Customer Satisfaction

Having founded Amazon, Jeff Bezos is known to be one of America’s most successful entrepreneurs. The e-commerce pioneer fixates himself on angry customers with the belief that a business’s loopholes are found in the experiences of unsatisfied customers.

For the 8th year in a row, customers have ranked Amazon as the number one in customer service (according to the American Customer Satisfaction Index).

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While numerous companies ignore unhappy customers, Bezos found success in learning from reviews and surveys. By focusing on customer service, Amazon shows they care, both for their customers and for rising above their competitors.

While praise and recognition are signs that a business is accelerating, criticism is an opportunity to improve a product or a service.

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Learn more about Jeff Bezos’ story here.

5. Mark Zuckerberg: Start Small, Think Big

Valued at over 55 billion dollars today, Mark Zuckerberg built the first version of what would become a social networking giant in his Harvard University dorm room. As one of the world’s youngest entrepreneurs, Zuckerberg undoubtedly took countless calculated risks to get his brilliant idea to its current status with 2.38 billion active monthly users.

“The biggest risk is not taking any risk.”

He’s always daring to explore with a fearless mindset.

The young tech entrepreneur never shied away from innovating outside of the box. Soon after Facebook became a hit to users and advertisers, big corporations took interest in buying Facebook from Zuckerberg.

However, he took the risk and decided to stay with his creation. Turning down billions of dollars offered by Yahoo CEO, Terry Semel, he envisioned turning his brainchild into something much bigger than what it already was then.

Learn more about Mark Zuckerberg’s story here.

6. Steve Jobs: Live Your Own Dreams

Steve Jobs lived a rocky path all his life and an aspect of which is a tumultuous career.

The founder of Apple endorsed his beliefs on the temporality of life and limitations of time. He preached about the importance of working on the very legacies people wish to leave behind, an achievement he’s undoubtedly etched into the the archives of human history.

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Never one to hide under someone’s shadow, Jobs did not live by anybody else’s principles so he formed his own. He tirelessly dedicated himself to building a unique brand of products that became the benchmark for contemporary technology.

After his highs and lows through his brief battle with cancer, Jobs concludes with yet another lesson to takeaway from his remarkable life.

“No matter how much money you have, even the richest man can’t buy time.”

Learn more about Steve Jobs’ story here.

7. Warren Buffett: Balance is Essential to Success

Despite being the third wealthiest person in the world, Warrant Buffett sported a frugal lifestyle for most of his life.

After buying a house in Omaha, Nebraska for just above 31,000 dollars, he has lived there since 1958. As a leading investor and a founder at Berkshire Hathaway, Buffett believes in setting aside an amount to save and spend only on necessities.

With a long term goal as a top priority in mind always, treating oneself can be sustainable once in a while. He advices to save money by deciding first and foremost what aspects to scrimp on and what aspects to splurge on to ensure a happy and balanced lifestyle.

Learn more about Warren Buffett’s story here.

8. Jack Ma: Never Give up

On every journey to success, everybody stumbles and arrives at roadblocks. Some more than most, like Jack Ma, who survived countless rejections and failures only to get back up and brave every storm.

Ma is the founder of multinational technology conglomerate Alibaba Group. Despite being rejected to Harvard after every one of his 10 applications, Ma was never defeated.

His grit and tenacity is a fine testament to the fact that grades do not determine a future. While qualifications on paper are important, the development of skills and an attitude is just as helpful in making a recipe for success.

Despite finding himself in the verge of bankruptcy in the 1990s, Jack Ma possessed the resilience to put one foot in front of the other until he finally made it. He says:

“It’s important to have patience.”

Learn more about Jack Ma’s story here.

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9. Melanie Perkins: Know Your Worth and Keep Trying

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Melanie Perkins founded Canva, a Sydney-based business valued at $1Billion having successfully raised a number of rounds of successful funding and boasting more than 10 Million users in 179 countries.

She told BBC that one of the biggest challenges she faced getting into the business was talking about her company’s accomplishments when she first got to Silicon Valley. She attributed this difficulty to a cultural difference where Australians tend to ‘talk down’ their achievements and this would slow down her fundraising progress for a few years.

Despite hundreds of rejections, Melanie emerged three years later with a much clearer strategy and stronger investor pitch that prompted a series of fundraising rounds netting the company $82Million of funding in total.

Learn more about Melanie Perkins’ story here.

10. Tan Min Liang: Passion Can Pay Off

Tan Min Liang is the founder of the leading high-performance gaming hardware, Razer. Always on the look out for new opportunities to connect and scale his business, Tan has been bold in making many of his life’s decisions.

Having deviated from a traditional path set by a family that consists of doctors and lawyers, Tan was to find his life’s work and passion while gaming with his older brother.

The idea was simple: there were so many games out there to play, however, there were hardly any gaming equipment to match this.

So he dropped out of law and began going a different direction, into creating solutions in the gaming industry. At the start of 2019, Tan wrote to tech luminary Elon Musk to which Musk’s reply suggested of a joint venture between two of the most successful entrepreneurs today.

Learn more about Tan Min Liang’s story here.

Final Thoughts

In today’s cutthroat world, the road to becoming a successful entrepreneur is a long and arduous process trailed with ups and downs. A valuable lesson that a good hand of entrepreneurs would love to convey to aspiring entrepreneurs is to keep the spirit of innovation and to explore uncharted waters.

Learning from experience and failure is one direction to a desired end goal. Exhibiting the same dedication and grit so many entrepreneurs have through their unexpected careers – today’s budding visionaries ought to hang on their dreams and leave room for improvement along the way.

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Featured photo credit: Patrick Tomasso via unsplash.com

FAQs

Who is the most successful entrepreneur and why? ›

Bill Gates. Bill Gates is one of the most famous entrepreneurs of our era. The richest man in the world, Gates has a net worth estimated to be over $79 billion. He's held the title of "world's wealthiest individual" for 16 of the past 21 years.

What was the most valuable thing you learned from the entrepreneur? ›

Believe in yourself, intuition, and vision.

Most entrepreneurs lose that "spark" of self-belief after a few setbacks because they view failure as inescapable. Yet, this is the most crucial time to work on reprogramming your brain to win, so you can pivot and learn from your failure and move toward success.

What is the most important lesson that you learned in entrepreneurship subject? ›

Entrepreneurship enhances creativity and boosts innovation

Being creative and innovative is something inside ourselves that needs to be developed. It's only through putting these abilities to work that you can improve them.

Who is the most inspiring entrepreneur? ›

Bill Gates is an inspiring entrepreneur for many reasons, but perhaps the most pertinent is his drive. He had the intelligence to accomplish whatever he wanted, but without ambition and passion, intelligence gets you nowhere.

Who is the smartest entrepreneur in the world? ›

Bill Gates

Bill Gates may have been smart enough to get a near-perfect SAT score and attend Harvard, but his most enduring achievement is undoubtedly the founding of Microsoft, which he did alongside Paul Allen in 1975.

Who is the richest entrepreneur? ›

1. Jeff Bezos – Founder and CEO of Amazon. Jeff Bezos, Founder & CEO of the giant E-commerce platform, Amazon is No. 1 in the top 10 richest people in the world.

Who is the most admirable entrepreneur? ›

Top 10 Most Admired Entrepreneurs Of The Year that inspire us in helping people thrive during COVID-19
  1. Antoin Commane. ...
  2. Grant Cardone. ...
  3. Tommaso Chiabra. ...
  4. Joel Brown. ...
  5. Kevin Zhang. ...
  6. Chase Hero. ...
  7. Sabastian Enges. ...
  8. Anna Richards.
Jun 22, 2020

Who is the youngest entrepreneur in the world? ›

Who Is the Youngest Major Company Owner? Hong Kong's Hillary Yip, born in 2005, is probably still the youngest CEO in the world.

Who is a good example of an entrepreneur? ›

Examples of well-known entrepreneurs include Bill Gates, Steve Jobs, Mark Zuckerberg, Pierre Omidyar, Arianna Huffington and Caterina Fake. Important characteristics of successful entrepreneurs include risk taking, creativity, initiative, problem solving, organizational skills, communication and independence.

Who is the father of entrepreneur? ›

Fran Jabara, the 'Father of Entrepreneurship,' dies at 90.

What really makes up a successful entrepreneur? ›

Passion, resourcefulness, willingness to improvise and listen to others and strong determination to succeed is what makes an entrepreneur successful. And this is what you have to keep in mind as well if you want to be a successful entrepreneur yourself.

What have you learned about the characteristics of a successful entrepreneur? ›

10 Characteristics of Successful Entrepreneurs
  • Curiosity. Successful entrepreneurs have a distinct personality trait that sets them apart from other organizational leaders: a sense of curiosity. ...
  • Structured Experimentation. ...
  • Adaptability. ...
  • Decisiveness. ...
  • Team Building. ...
  • Risk Tolerance. ...
  • Comfortable with Failure. ...
  • Persistence.
Jul 7, 2020

What does being an entrepreneur teach you? ›

In any case, entrepreneurship teaches you the fundamentals of management, which makes you a better decision-maker, better planner and better allocator of resources. There's no downside to these benefits.

Why is it important to learn entrepreneurship? ›

One major benefit of studying entrepreneurship and innovation is the gained ability to recognize opportunity. Entrepreneurial studies focus on the application of one's knowledge and skills to commercial opportunities. Being able to determine a company's worth through analysis of their strategies, practices, etc.

What inspired entrepreneurs to be successful? ›

The best entrepreneurs enjoy the journey as much as the destination. They have a thirst for knowledge that helps them in their business, as well in their own personal growth. That synergy creates a sweet spot that maximizes their impact. Seeing the real value of one's beliefs.

What is the most successful startup of the 21st century? ›

1. Bill Gates, Net Worth – $76.7 Billion.

How do I start an entrepreneur with nothing? ›

Once you have figured out what you want to do, here are some important things to keep in mind while starting your business from zero:
  1. Research your market. ...
  2. Set a tangible financial goal. ...
  3. When you create a website, make the content shareable. ...
  4. Build a list. ...
  5. Launch a product or service you can sell.

Who was the first entrepreneur? ›

64). Overall, however, First Entrepreneur succeeds admirably in its goal of systematically exploring and highlighting Washington's considerable entrepreneurship.
...
First Entrepreneur: How George Washington Built His – and the Nation's – Prosperity.
Author(s):Lengel, Edward G.
Reviewer(s):Whaples, Robert

Where can I learn entrepreneurship? ›

Below are some of the resources available to learn more about marketing, entrepreneurship, business management and more.
  • CodeAcademy. ...
  • HubSpot Academy. ...
  • Moz. ...
  • LearnVest. ...
  • Niche consultant courses. ...
  • edX. ...
  • Khan Academy. ...
  • MIT Open Courseware.

Who is the richest female entrepreneur? ›

  • Kim Kardashian.
  • Lisa Su. Net Worth: $665 million. ...
  • Gwynne Shotwell. Net Worth: $620 million. ...
  • Reese Witherspoon. Net Worth: $430 million. ...
  • Emma Grede. Net Worth: $360 million. ...
  • Rachel Drori. Net Worth: $350 million. ...
  • Paige Mycoskie. Net Worth: $350 million. ...
  • Serena Williams. Net Worth: $260 million. Source: Tennis, investments.
Jun 14, 2022

How can I be a billionaire? ›

Simply stated, a billionaire is a person who has a net worth of $1 billion or more. In other words, if you can sell all of your assets for cash, pay off your debts, and have $1 billion remaining in the bank afterward, you are a billionaire.

Who will be the first trillionaire? ›

Leading the race is Tesla and Space X Founder Elon Musk. With a current net worth of US$263 billion and an annual growth rate of 129 per cent, Musk is anticipated to reach US$1.38 trillion in the next two years at age 52. It was in fact Jeff Bezos who was set to become the first trillionaire.

What are 5 examples of entrepreneurship? ›

Here are five types of entrepreneurs with real-world examples to help you get an idea of which route you should pursue.
  • Social entrepreneurship. ...
  • Innovation entrepreneurship. ...
  • Big business entrepreneurship. ...
  • Small business entrepreneurship. ...
  • Scalable start-up business entrepreneurship.
May 18, 2022

Which country has the most entrepreneurs? ›

What are the most entrepreneurial countries in the world? The United States has been recognized as the world's most entrepreneurial country, according to the CEOWORLD magazine Entrepreneurship Index, 2021, while Germany and the United Kingdom placed second and third, respectively.

Who is the youngest female CEO in the world? ›

As CEO of personal styling service Stitch Fix, Lake has quietly changed the game for women in corporate America. In 2017, at 34, she became the youngest female founder ever to take a company public.

What are the 4 types of entrepreneurship? ›

Most often, the types of entrepreneurship are broken into four categories:
  • small business.
  • scalable startups.
  • large company or intrapreneurship.
  • social entrepreneurship.
Apr 7, 2022

How do entrepreneurs start? ›

The original entrepreneurs were traders and merchants. The first known instance of humans trading comes from New Guinea around 17,000 BCE, where locals exchanged obsidian, a black volcanic glass used to make hunting arrowheads for other needed goods. These early entrepreneurs exchanged one set of goods for another.

What you have learned about entrepreneur? ›

Essentially, an entrepreneur is someone who starts a new business venture, manages it, and assumes the many risks that may surface while running a business. But more than that, an entrepreneur is someone with an eye for opportunities and a drive to make things happen.

What have you learned about the characteristics of a successful entrepreneur? ›

10 Characteristics of Successful Entrepreneurs
  • Curiosity. Successful entrepreneurs have a distinct personality trait that sets them apart from other organizational leaders: a sense of curiosity. ...
  • Structured Experimentation. ...
  • Adaptability. ...
  • Decisiveness. ...
  • Team Building. ...
  • Risk Tolerance. ...
  • Comfortable with Failure. ...
  • Persistence.
Jul 7, 2020

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