Make a billion fast. The Path to Billion-Dollar Business


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They drive their earnings and wealth-building pursuits into the billions, meaning net worths totaling 10, and in some cases, 11 figures. If you're the hyper-ambitious type, interested in following in the footsteps of this upper echelon of the top one percent, here are 10 ways to make your first billion dollars using the real-world trajectories of today's billionaire legends.

How long it took the world’s richest to make their first billion

Both of these eleven-figure entrepreneurs leveraged the power of the internet to build their businesses and their billions. In alone, Bezos saw his net worth increase by nearly 30 billion when Amazon's stock price more than doubled, according to The Motley Fool.

Click or scroll through the people who reached billionaire status in record time.

One of his core business-building philosophies: Grow slowly. It took nine years for Amazon to turn a profit. Bezos wanted to keep prices low while reinvesting as much revenue as possible back into the company.

Imagine this scenario for a moment. You're six-hundred thousand dollars in debt. Your credit line is tapped out.

The payoff is a company worth multiple billions today with no signs of slowing. As for Zuckerbergit's all about maintaining focus.

10 Ways to Make Your First Billion Dollars

Although some of his multibillion dollar fortune came from his company, Berkshire Hathaway, Buffett also enjoys regular gains from his personal investments.

His recommended strategy: Holding conservative bonds and low-cost index funds over the long term.

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In addition to traditional investments, he also recommends investing in yourself. Unlike other investments, the value you get from investing in yourself can't be stolen or taxed away, he noted. The Koch brothers are the owners of the second-largest private company in America, Koch Industries.

One of the major ways they've been able to build their respective multibillion dollar fortunes is through diversification of their financial interests. Koch Industries' interests range from the chemical technology business to oil pipelines, to paper towels and Dixie cups.

How Big is a Billion?

This kind of diversification is a good way to ensure you won't make a billion fast out of cash flow should one of the industries you're invested in suddenly dry up. Invent a Solution Many self-made billionaires have made make a billion fast fortunes off inventions that solve common problems, needs or desires.

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Michele Ferrero, for example, took his father's sweets company to the next level by helping people satisfy their sweet tooth with Nutella. Nutella was born at a time when cocoa was rationed, but hazelnuts were plentiful -- offering a creative and practical solution for the sweet makers.

How long it took the world’s richest to make their first billion

Successful inventions aren't always complicated or high-tech, as seen with the success of Nutella, but they are things that address people's wants and needs. Be an Innovator Sometimes the best products are not original inventions, but instead innovations or improvements upon those initial products.

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A prime example of innovation is billionaire businessman Sam Walton, who opened the first Walmart in What made Walmart an innovation was the idea that the business could expand enough to sell products to consumers at lower prices than other retailers, saving them money on their basic necessities. This basic premise transformed the way America shopped, while making Walmart into one of the biggest retailers in the world -- and Walton one of the richest men in the world in the process.

Over fifty years since the opening of the first Walmart, several of Sam Walton's family members are still on the Forbes list of billionaires.

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Pursue Your Passion Passion is a popular topic of discussion among self-made billionaires. In fact, one of the common denominators of make a billion fast with billionaires in Robert Jordan's book, "How They Did It: Billion Dollar Insights from the Heart of America," revealed that whereas skills can be learned, passion cannot be.

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Take billionaire Oprah Winfrey, for example. She could have been just another talk show host, but her passion for breaking down barriers and promoting causes played a key role in shaping her success.

She worked from her own apartment and didn't even launch a website until Spanx were a success, to avoid any non-essential costs. The lesson: Take action.

How To Make The World's Easiest $1 Billion

You don't need to wait for funding to move forward with your idea. Your ideas won't work all the time," said finance expert and host of the So Money PodcastFarnoosh Torabi. You will trust the wrong people.

How Big is a Billion? All of us have difficulty imagining how many one billion of anything actually is.

But nobody makes a million -- let alone a billion -- dollars because they gave up, gave in or listened to haters. Collaborate Many of the newest and youngest members of the "billionaire club" are business partners.