Famous people who have overcome difficult odds to offer real rags to riches story. This includes both financial rags to riches stories, but also people who have triumphed in other fields such as sport and music.
Olaudah Equiano (1745 – 1797) – Enslaved in Africa, he was taken to America, where he was able to purchase his freedom. He wrote a best-selling book ‘The Interesting Narrative of the Life of Olaudah Equiano‘ He left an estate valued at £950 to his daughter (worth over £80,000 today)
Frederick Douglass (1818-1895) -A former slave, Douglass escaped to became a leading figurehead in the anti-slavery movement. One of the most prominent African-American leaders of the Nineteenth Century. His income from his books and lecture circuit enabled him to purchase a home and 15 acres (61,000 m²) of land in Washington D.C.
Andrew Carnegie (1835 – 1919) Born in a one-roomed weavers cottage in Dunfermline, Scotland. His family emigrated to America when he was 13 because of their extreme poverty. His first job in Pennsylvania was as a bobbin boy for $1.20 a week. But, he went on to dominate the US steel industry, amassing a personal fortune. By his death, he had given away $4.8 billion (2010 terms)
Samuel Walton ( 1918 – 1992) Growing up in the Great Depression of the 1930s, Walton had to milk the family cow and do numerous odd jobs to help his family survive. After the war, he took out a loan to buy a small grocery store. He went on to build this into the giant Walmart supermarket chain, amassing a fortune of over $23 billion (1992)
George Soros (1930 – ) Soros was born in Budapest, Hungary and despite his Jewish origins survived the Nazi occupation and the siege of Budapest. Soros emigrated to London where he became an impoverished student at the LSE. He wrote to every merchant bank in London asking for a job. From these beginnings, he became one of the most successful and wealthy investors in the world, with a net worth of over $23 billion. (2013)
Richard Branson (1950 – ) At school Branson was an academic failure and left without any qualifications. Starting his own record shop with a small loan, Richard Branson became one of the most colourful and successful businessmen in the UK.
Chris Gardner (1954 – ) Gardner struggled with homelessness while raising his son and working as a trainee stockbroker. He set up his brokerage firm, later selling it in a multi-million pound deal. He wrote an autobiography of his story – ‘The Pursuit of Happiness.’ (2006) which was made into a feature film describing his rags to riches story.
Steve Jobs (1955 – 2011) Steve Jobs struggled with formal education, dropping out of college. He went on to be the co-founder of Apple Computers, and a leading exponent of the personal computer revolution. His net wealth in 2010 was estimated to be $8.2 billion.
Susan Boyle (1961 – ) At the age of 48, Susan Boyle had only ever sung to her local parish. She led a quiet life looking after her mother and cat, she was unmarried but still dreamed of being a famous singer. After getting a break on ‘Britain’s Got Talent,’ She became one of the fastest-selling debut artists of all time.
Howard Schultz. (1953 – ) Born to poor Jewish parents in Brooklyn, New York. Schultz was the first member of his family to attend college. Working his way up from a salesperson for Xerox, he became CEO of Starbucks, and oversaw its rapid growth, leaving him a net worth of $1.6 billion by 2013.
John Lennon (1940 – 1980) Brought up in Liverpool, Lennon was expelled from college and left without any O-Level qualifications. He rose to fame as one of the principal founders of the Beatles and also pursued his own influential solo career.
Paul Potts (1970 – ) Before winning ITV’s Britain’s Got Talent, Paul Potts worked as a local Councillor and manager in a mobile phone shop. He participated in amateur dramatics, but after winning the TV series, he became a global music icon topping the charts in several countries around the world.
Haile Gebreselassie (1973 – ) (Ethiopian athlete) Haile was one of ten children born in rural Ethiopia. He had to run 20km every day to get to school and back. He became one of most successful athletes with two Olympic golds in the 10,000m. Also held the world record for the marathon for three years with a time of 2.03.59.
Citation: Pettinger, Tejvan. “Famous rags to riches stories”, Oxford, www.biographyonline.net, 2nd February 2012. Updated 31 January 2020.
Rags To Riches: Motivating Stories of How Ordinary People Achieved Extraordinary Wealth
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Missed Lord mahavira who brought light on Jainism.