By: Josephine Wawira The African economy has gathered momentum over‚Ä¶
By Samuel M. Chinwe
Forbes has recently named the world‚Äôs most powerful CEOs¬† for 2018 and below is a review of how this great men all started, some got there fast, some not that fast but a summary of how they arrived here could place us on the lane of encouragement‚Ä¶
Jeff Bezos, 54 (Amazon)
Jeff Bezos who in July 5, 1994 founded Amazon an online marketing site originally made for selling books and later on diversified into selling music and videos. Today, Amazon don‚Äôt just sell these alone but almost any kind of consumer goods you can think of. Bezos purchased The Washington Post in 2013 for $250 million, Bezos has being the only man with a net worth to surpass $150billion for the past 3 decades that Forbes have being following up the richest Americans. As of today 7th of January his net worth is $130.5B.
Larry Page, 45 (Alphabet)
Larry Page the CEO of Alphabet, but before then, he attended Stanford University, there he met Sergey Brin who he co-founded Google with and launched after raising $1 million from well-wishers in 1998. By 2000 Google has indexed one billion Internet URLs. Being the first CEO of the company until 2001 and later assumed the position again in 2011. As of today Page net worth is $49.9B.
Mark Zuckerberg, 34 (Facebook)
Zuckerberg founded today‚Äôs top social media website originally for students to match faces with names in 2004 at the age of 19 and launched it for public use in 2012. By the year 2018, the Facebook CEO faced a lot of critics from the members of the public after revealing that Facebook shared users‚Äô data with political consulting firm Cambridge Analytica, not only that, in the same year the company suffered from a cyber-attack. That attacker had access to 50 million user‚Äôs accounts according to Facebook. Today Mark‚Äôs net worth is estimated to be $51.6B today.
Warren Buffett, 88 (Berkshire Hathaway)
Buffett has always been a lover of business. He almost skipped college to dive into it if not for his father, even while in college he sold door-to-door magazines, Coca-Cola bottles and even bubble gums, at age 11 he bought shares from the new York Stock Exchange for he and his sister. Warren Buffett owns a wide variety of businesses through his massive conglomerate, Berkshire Hathaway, Inc. (NYSE: BRK.B). He grew the failing New England Textile Company into a booming enterprise, He began buying shares in Berkshire from Seabury Stanton, the owner, whom he later fired in 1964. According to Forbes, today he can boast of $80.4B net worth.
Jamie Dimon, 62 (JP Morgan)
Jamie Dimon who I once heard could not afford to take his then girlfriend (present wife) out for a date which she funded is today the CEO of JP Morgan, one of the big four of America bank. Dimon worked for BankOne before JP Morgan bought the bank in 2004 and by the last day of 2005 was named the CEO, by same date 2006 was named President and Chairman. As of 07/01/19 his net worth is $1.3 billion U.S dollars.
Jack Ma, 54 (Alibaba)
Jack is China‚Äôs wealthiest man who had a very funny and interesting career start. He had to take the annual china‚Äôs exam into college and made it at the fourth trial, in 1995 he traveled to the US to get more information about the Internet, he noticed that China had no presence online, then he designed a funky one and in 3 hours of launch got the attention of¬† an investor. Ventured into web design through the aid of his US friends, a company he called China page. In 1999 Alibaba was born which he became the CEO of the group having subsidiary like Alibaba.com, Taobao Marketplace, Tmall, eTao, Alibaba Cloud Computing, Juhuasuan, 1688.com, AliExpress.com and Alipay. Today, his net worth hits $33.7B.
Doug McMillon, 52 (Walmart)
Doug McMillon has been the CEO of Walmart since 2014. In 1984, he started out as an hourly summer associate in a Walmart distribution center while In high school, in 1991 he returned after finishing his MBA in the University of Tulsa for a buyer training program and later took the post of a ¬†buyer and a merchandiser. In 2005 he was the president of Sam‚Äôs club a subsidiary of Walmart and in 2014 he became the CEO of Walmart. In summary he worked for Walmart for more than four decades before being appointed as the CEO of the company. His net worth is estimated to be $60 million.
Tim Cook, 58 (Apple)
Tim cook has been working for Apple Inc since 1998, initially as an Assistant Vice President. From 2009 to 2011 Tim played the role of Chief Executive while Jobs was away on a leave of absence for health reasons, due to the fact that Board of Directors approved Jobs third absence leave in January 2011, leaving Tim to handle apple day-to-day activities. Six weeks to Jobs death in 2014 he resigned from CEO to chairman while Tim takes up the position where he made many changes on the company.
Elon Musk, 47 (Tesla)
Elon Musk, born in South Africa is a co-founder and CEO at Tesla, which was founded in 2003 overseeing all product design, engineering and manufacturing of the company‚Äôs electric vehicles, battery products, and Solar Roofs. Elon is also the co-founder, CEO and lead designer of Space Exploration Technologies (SpaceX), where he oversees the development and manufacturing of advanced rockets and spacecraft for missions to and beyond Earth orbit, with the goal of creating a self-sustaining city on Mars ‚Äď according to Tesla, Previously, Elon co-founded and sold PayPal. Today his net worth is $21.4B
Ma Huateng, 47 (Tencent)
After leaving his job, Huateng co-founded Tencent in 1998. By February 1999 Ma and his team launched a software similar to ICQ an Israeli messaging software, with a Chinese interface and a slightly different name ‚Äď OICQ and within a very short time was hit over a million users. Ranking highest in china as at that time. Today one of his app Wechat has about 1 billion users, he actually met his wife online through one of his app. He is first Chinese to enter Forbes‚Äô top 10 richest men list. As of 4th of January 2019 his net worth is estimated to be $35.9B according to Forbes.