What Do Mark Zuckerberg, Henry Ford and Donald Trump Have in Common That Made Them Billionaires?

None of Them Invented Anything, but That's Not Why They Became BillionairesThat's correct; none of them invented the product that made them billions. Millions of people invent useful products every year but they rarely make any money from their inventions. More often than not, there is Kandi Burruss Praises Facebook Mark Zuckerberg someone else working on the same invention and they end up fighting over who came up with the idea first. Being a creative genius is not the common bond among these three American icons, but like I said, that is not what made them their billions.The good news is that you don't need to be a creative genius to make your fortune either.Higher Education Is Not the "Tie That Binds Them"The truth is that Donald Trump is the only college graduate among the three; in fact, Henry Ford did not finish high school. (Going to high school was not common when Henry Ford was young, learning a trade was common and Henry Ford was trained as a machinist.) Mark Zuckerberg attended Harvard but he was smart enough to quit college to pursue his dream.A formal education is not necessary to become wealthy. If you look at Mark Zuckerberg, street smarts are not necessary either; driving a "sharp" bargain did not make Mark rich. (This observation is based solely on what I have seen of Mark Zuckerberg in public interviews.)And they don't have very many other things in common. So, What Do They Have In Common? What is the similarity? It is their ability to harness the magic of capitalism; across the generations and the different industries, their ability to capture the secrets of entrepreneurism has lifted them to heights very few people achieve.The magic of capitalism is the ability to see a need of the consuming public, find or invent a product or service to meet that need and create wealth.How Does Wealth Creation Occur?Look at Facebook as one example of how wealth is created in a capitalist system. Mark Zuckerberg and Eduardo Saverin perceived that My Space was not meeting the needs of the computer public. They made some changes, came up with a name and put it on the internet for the public to decide if it was of value to them.The decision of the consumers was we "Like" this and Mark, Eduardo and their associates are now worth billions, millions and thousands of dollars. (Not all Facebook employees are billionaires but most of them added significant dollars to their bank accounts.)Mark and Eduardo created billions of dollars of wealth from an idea to meet a need. Here's the exchange that took place...On May first the investors in Facebook stock had dollars and the Facebook people an idea that works. There was a total wealth of $100 billion dollars on May 1 which was the dollars owned by the investors. Immediately after the issuance of stock there was total wealth of $200 billion dollars. The $200 billion is comprised of $100 billion in cash which the Facebook people now have and the $100 billion of stock owned by the investors. The Facebook people (Mark, Eduardo and their associates) had just created $100 billion dollars of wealth!That's the magic of capitalism!Capture the Magic of Capitalism for Yourself The magic of capitalism can be yours. The secrets of entrepreneurship can be yours. Simply click on "Teach Me the Secrets" and begin to harness the magic of capitalism to achieve your dreams.