Skip to comments.6 Rags-to-Riches Millionaires
Posted on 11/25/2011 2:25:17 PM PST by 2ndDivisionVet
From Oprah Winfrey to Steve Jobs to J.K. Rowling, entrepreneurial success stories are the stuff from which American dreams are made. Much like these famous names, the six self-made millionaires we're profiling have one thing in common: Thanks to hard work, determination and sound advice from mentors, friends and family, they've been able to build thriving businesses from the ground up.
The rise to the top can be bumpy. In fact, some of the entrepreneurs we talked to were homeless during the early years of their companies. That's why they all agree that it's important to help others in need. All, including Radio One's Catherine L. Hughes and Life is good co-founder Bert Jacobs, give back to the community by volunteering time, donating to charitable organizations or running their own charities.
Learn how these six diverse entrepreneurs -- from a t-shirt designer to a media mogul -- turned meager beginnings into multimillion-dollar success and what advice they offer to budding business tycoons who hope to follow in their footsteps.
Catherine L. Hughes
Occupation: Founder and chairperson, Radio One
Advice to young entrepreneurs: "Sometimes the ones who love you the most will give you the worst business advice."
By conventional standards, Hughes wasn't destined to build a successful multimillion-dollar media company. She was a teen mom by 16 and a high-school dropout. However, she later completed high school, followed by brief stints at area universities in her hometown of Omaha, Neb.
Despite her limited formal education, Hughes, who credits publishing legend John H. Johnson as one of her mentors, worked her way up at Omaha's KOWH radio starting in 1969 before heading to the nation's capital to become a lecturer at Howard University. In 1975, she became general manager for the university's radio station, WHUR-FM....
(Excerpt) Read more at finance.yahoo.com ...
JK Rowling is not an American.... I know, I know... just saying
She’s not one of the examples, but they are all inspiring.
Good stuff. American exceptionalism on display.
Weird....I’m not om this list and I didn’t make the Forbed 400 again...
They are just greedy money mongers taking food out of the mouths of the elderly and children. /s
I remember seeing a TV show about lottery millionaires, a year later I saw a show about lottery winners gone broke.... some of the same people were on it. lol.
I have a plan, if I ever win the lottery.
Part of the plan is to not recognize my family and not have a phone.
Neither is Oprah for her fanatical support and promotion of the Marxist in Chief.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.