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The Lifestyle of The Young Billionaire Entrepreneur

The Lifestyles of YOUNG BILLIONAIRE ENTREPRENEURS and how you can do it too. If you ask young people about their generation's top life goals, the answer is clear and resounding: They want to be rich. These innovative business tycoons will show you that hard work and a little luck can get you on your way to becoming the next young billionaire entrepreneur. "GENERATION NEXT'S" GOALS A study was given to 579 18-25 year olds asking about their most important goals: Wanted to get rich 88% Wanted to become famous 51% Wanted to help those in need 30% Wanted to become leaders in their community 22% Wanted to become more spiritual 18% SUCCESSFUL ENTREPRENEURS who became billionaires at a young age: INICHOLAS WOODMAN Background 37 years old He earned a degree in Visual Arts from the University of California, San Diego. Claim to fame A decade ago Woodman craved a camera he could strap to his wrist so that his buddies could see his surfing exploits. As a result, he created GoPro; America's fastest-growing digital imaging company. GoPro Woodman is known as the "mad billionaire" due to his unconventional behavior and eccentricities. In 2002 at the age of 26, he decided to travel around the world surfing. Don't be afraid to fail. Woodman's first business venture, a retro games site, didn't make it and lost $4 million of investors' money. Your turn 1.3 BILLION Nobody needs to get their ass kicked, but it definitely helps. JACK DORSEY Background 36 years old Dorsey attended the Missouri University of Science and Technology before subsequently transferring to New York University. 2# Claim to Fame He founded Twitter in 2006. Dorsey has served as CEO, chairman of the board, and executive chairman of Twitter. twitter He is also the founder and CEO of Square, a mobile payments company. O Square In 2008, he was named to the MIT Technology Review TR35 as one of the top 35 innovators in the world under the age of 35. Your turn Have a daily "Do and Don't List" and check it periodically to make sure you're following it. Make every detail perfect, and limit the number of details to perfect. 1.1 BILLION SEAN PARKER Background 33 years old While still in high school, he interned for Mark Pincus (the current CEO of Zynga) at FreeLoader. Free :. Loader He won the Virginia state computer science fair for developing a Web crawler, and was recruited by the CIA. By his senior year of high school, Parker was earning more than $80,000 a year, enough to convince his parents to allow him to skip college and pursue a career as an entrepreneur. Claim to fame He co-founded the file-sharing computer service Napster. facebook He later joined Facebook as the founding President and invested in it. Parker was portrayed by Justin Timberlake in the 2010 film The Social Network. napster He also co-founded Plaxo, Causes, and Airtime and is an investor in the music-streaming service Spotify. 2.1 BILLION Your turn Higher education isn't always the answer. If your goal is to become an entrepreneur, it would seem that college has become a very bad place to do that. MARK ZUCKERBERG Background 29 years old By the time he began classes at Harvard University, Zuckerberg had already achieved a "reputation as a programming prodigy." His father taught him Atari BASIC Programming in the 1990s, and later hired software developer David Newman to tutor him privately. Claim to Fame He is best known as one of five co-founders of the social networking website Facebook. Launched Facebook from his Harvard dormitory room on February 4, 2004. Dropped out of Harvard in his sophomore year to finish working on the Facebook project. facebook In 2010, Zuckerberg, Bill Gates, and Warren Buffett signed a promise they called the "Giving Pledge," in which they promised to donate to charity at least half of their wealth over the course of time. The Giving Pledge Zuckerberg donated 18 million Facebook shares, worth $500 million at the time, to the Silicon Valley Community Foundation in 2012 for education initiatives. 13.3 BILLION Your turn Don't be afraid to take a big risk. The biggest risk is not taking any risk. In a world that's changing really quickly, the only strategy that is quaranteed to fail is not taking risks. DUSTIIN MOSKOVITZ Background 29 years old (he is eight days younger than Zuckerberg). He is the world's youngest self-made billionaire. Moskovitz dropped out of Harvard after two years and moved to California to work for Facebook full-time. Claim to fame He co-founded the social networking website Facebook. He is the third person to be employed by Facebook. facebook He left Facebook in 2008 to start a software company called Asana. asana Moskovitz and his fiancé, Wall Street Journal reporter Cari Tuna, have given more than $4.5 million to causes that range from malaria eradication to marriage equality. To be truly successful, find something you're passionate about. Your turn 3.8 BILLION You shouldn't want to start a company just for the sake of starting a company. You should want to start a company because you believe in an idea. CONCLUSION Becoming rich and successful is a goal that remains a popular dream for many. Spending time investing, associating yourself with the technology/media industries or going after your passion could put you well on your way to living the lifestyle of a young, billionaire entrepreneur. SOURCES: www.forbes.com, technorati.com, en.wikipedia.org, www.techscio.com, www.huffingtonpost.com, www.wired.com, www.hollywoodreporter.com, www.outsideonline.com, lifehacker.com, www.cbsnews.com TIMOTHYSYKES.COM TIM

The Lifestyle of The Young Billionaire Entrepreneur

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With so many popular examples in the media today of young adults who took an entrepreneurial risk and made it big, it’s no surprise that when over five hundred adults ages 18-25 were recently survey...

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Timothy Sykes

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Lifestyle
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