What do billionaires have in common besides a lot of money? Forbes magazine decided to find out, and did an in depth analysis of the 657 self made billionaires on their list from a few months ago. Amongst the things they analyzed are the billionaire’s parents, education, job, and social standings.
Some of the surprising common traits they found are:
Of the 380 self-made American tycoons who have appeared on the Forbes list of the World’s Billionaires in the past three years, 42 were born in September–more than in any other month. Maybe that’s because September is the month the Forbes list of the 400 richest Americans is published.
Tech Titans Who Dropped Out of College
Forget everything your guidance counselor told you: You don’t have to go to college to be successful. More than 20% of the self-made American moguls on the most recent list of the World’s Billionaires never finished college. Many of them made their fortunes in tech. Among them: Bill Gates, Steve Jobs, Michael Dell, Larry Ellison, (Oracle) and Theodore Waitt (Gateway).
Skull and Bones
Several current and former billionaires rounded out their Yale careers as members of Skull and Bones, the secret society portrayed with enigmatic relish by Hollywood in movies like The Skulls and W. Among those who were inducted: investor Edward Lampert, Blackstone co-founder Steven Schwarzman and FedEx founder Frederick Smith.