Thursday, January 28, 2010

Business Leaders

There are a lot of successful business leaders out there. People usually ask "what's common about them?" but for me, the question is "what makes some of them different?" We all know they have the money and the power, but what makes them, them? To me, that is special. Here are two of today's business leaders that I admire the most:

Warren Buffet - Chairman and CEO, Berkshire Hathaway

For starters, Warren Buffet is currently the 2nd richest man in the world, next to Bill Gates. His net worth is $37 Billion. Berkshire Hathaway manages and oversees a number of subsidiary companies such as GEICO, The Washington Post Company, and Coca-Cola. Long story short, Warren Buffet took his path to wealth through smart investment. He is such a motivated business-minded person that at the age of 13 he filed his first income tax return, deducting his bicycle and watch as his work expense for his work as a newspaper delivery boy. With all his money saved up from that job, at the age of 14, he bought his own small farm. In his freshman year in high school, he purchased a used pinball machine together with a friend, in which they placed in a barber shop. Months later, they owned 3 machines in different locations.

This goes to show how motivated he is. What amazes me most about Warren is his dedication to value investing and his personal frugality, even though he's worth billions and billions. For example, he still lives in the same 5-bedroom home that he purchased in 1958. Also, he does not have a private jet and he travels in economy class. He also does not have a chauffeur or a limousine and drives his own car. I personally don't know how he's able to live such a simple life having that amount of money. He's a true role model, and hopefully one day I follow his footsteps.


Donald Trump - Chairman and CEO, Trump Organization

Another business leader I admire would be Donald Trump. This is not because he is a TV personality, but because of his attitude and mindset when running a corporation. Long story short, he's not one to mess with.

Trump Organization oversees nearly all of the business developments of Donald Trump, such as real estate, hotel chains, golf clubs, etc. His current net worth is $2 Billion. Trump is not just any other businessman. He courage and strong belief in his economic predictions made him who he is now. Two decades ago, he had huge financial problems due to the recession that made him unable to make loan payments. He was even forced to file a Chapter 11 Bankruptcy protection. This downfall went on for about 10 years until finally, due to his knowledgeable decisions, he was able to get back on his feet and make his way to wealthiness.