risks these entrepreneurs took paid off




Bill Gates: Focus on Development


Net Worth: $86.8 billion
Microsoft founder Bill Gates built a reputation for being not only one of the richest men in the world, but also one of the smartest and most serious thinkers alive today. It should come as no surprise that Gates became one of the richest people in the world by focusing more on development and innovation than the business side of things.
In 2014, Gates told Rolling Stone, "You know, development sometimes is viewed as a project in which you give people things and nothing much happens, which is perfectly valid, but if you just focus on that, then you'd also have to say that venture capital is pretty stupid, too. Its hit rate is pathetic. But occasionally, you get successes, you fund a Google or something….

Warren Buffett: Think Long Term

Net Worth: $74.8 billion
Self-made billionaire Warren Buffett believes in using long-term investment strategies. In fact, he accumulated most of his impressive wealth after turning 50 and continues to make smart investments today, pulling off what Forbes called his "biggest-ever deal" in August 2015.
According to Time, Buffett once said, "Successful investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: you can't produce a baby in one month by getting nine women pregnant."

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