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From Hut to Palace
there are those who can lament a lifetime of adversity. And then there are those who decide to take matters into their own hands and, despite their fate, do it. The careers of some of the world\’s wealthiest people sometimes amaze me.
§ Indian businessman Lakshmi Mittal is one such person.
The billionaire comes from a very poor background indeed. He lived in a small house with 20 relatives. The floor was bare concrete, and the lack of beds was solved by a hammock. Little Lakshmi is determined to escape this poverty.His diligence gets him into college. After graduation he decides to make a career in the steel industry. This decision would completely change his life. In his opinion, steel is irreplaceable and eternal.
o Lakshmi Mittal gradually acquires steel mills that are about to go under.
o To that end, he begins to take control of iron ore and coal mines.
o By not having to buy materials for production, its finances only grow.
o He is now the largest steel producer in the world and can only smile and recall his cramped home. His home is a palace of luxury.
From dyslexic to billionaire
Ingvar Kamprad, another would-be billionaire, receives an unfavorable casting early in life. [He was born in Sweden. But little Ingvar\’s problem was not the abject poverty of his parents.
§ Ingvar had the misfortune of being dyslexic.
§ He was born in 1926, so he had no prospects for higher education.
He decided to make do without higher education. He first needs to earn basic capital. He rides his bicycle around local farms selling matches, pens, fish, Christmas decorations, and seeds. 17 years old, he is finally able to invest the money he earns in his own business. [and he founds the IKEA company and becomes rich. [Still, he stresses the need to save money. [He shops on sale and eats in the canteen.