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3 examples of successful investments that made people rich

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In the field of economics and business, those people who know how to analyze the market often achieve financial well-being. They quickly find products that are in demand, and sell it for their own benefit. Vivid examples are David Cheriton, Warren Buffett and Chad Mureta, who were able to successfully invest and multiply their capital many times over.

3 examples of successful investments that made people rich

David Cheriton and Google

Canadian scientist David Ross Cheriton, after studying at the University of Waterloo in 1978, received a degree in computer technology. Worked as a professor of computer science at Stanford University.

He earned his first capital when he created the Distributed Systems Group at Stanford University. She was engaged in the development of operating and distribution systems. However, serious capital brought him an investment in the creation and development of Google.

3 examples of successful investments that made people rich

In August 1998, Stanford students Sergey Brin and Larry Page met with Cheriton and his entrepreneurial engineer buddy Bechtolsheim to raise money to build Google. At the meeting, Bechtolsheim wrote the first check for $100,000 and Cheriton joined with an investment of $200,000.

This investment brought him more than $ 1 billion in profits later. Cheriton’s fortune as of January 2019 was estimated by Forbes at $5.9 billion. He has funded more than 20 companies, constantly donating money to the development of computer science at the University of Waterloo and Stanford.

Warren Buffett, Coca-Cola and Microsoft

American entrepreneur Edward Buffett from a young age he aspired to become a businessman. Buffett acquired his first trading experience on the stock exchange during his school years. At the age of 10, he decided to visit the stock exchange in New York. There he bought 3 shares of Cities Service Preferred for himself and 3 for his sister Doris for $38 each. First, the shares went down to $27, and then they went up to $40, and he sold them. However, after a couple of days they were already worth $202. If he had waited this time, he would have made a solid profit.

In 1956, Warren’s savings were over $174,000. This year he created his own venture, Buffett Partnership Ltd. Through his partnerships with his fellow entrepreneurs, Warren Buffett became a millionaire in 1962. He invested these savings in Berkshire Hathaway stock and soon became its owner. In 1988, Buffett purchased a 7% stake in The Coca-Cola Company for $1 billion. According to the businessman, this turned out to be the most profitable investment.

3 examples of successful investments that made people rich

Today, one share of Coca-Cola can be bought for about $45 (photo source: pixabay.com)

Today, one share of Coca-Cola can be bought for about $45 (photo source: pixabay.com)

Buffett became a billionaire when Berkshire Hathaway stock rose to $7,000. Investment analysts identify several reasons for Warren Buffett’s financial success:

  • it is necessary to purchase securities of proven companies with the intention of holding for a long time (according to Warren, the best assets in his investment portfolio are Coca-Cola, Wells Fargo and American Express);
  • you need to invest regularly and keep your finger on the pulse of events (it doesn’t matter for him if the market falls by 30% or not, he only cares about investing in promising large companies, whose shares, in his opinion, will grow in price over time anyway);
  • stick to those industries that are popular in the market and are interesting for investors (87% of Buffett’s portfolio is stocks in only 3 sectors: financial, information technology and consumer goods).

As of 2019, Warren Buffett’s net worth is $84 billion, and along with Bill Gates ($107 billion), he is considered America’s richest businessman. In 2004, Bill Gates was introduced to Berkshire Hathaway as an independent director, but in 2019 he decided to leave the company and even stepped down as the chief executive officer of his Microsoft corporation.

At that time, Warren did not want to invest in the company, so as not to spoil the friendship with his companion. Buffett has never made a secret of his admiration for Microsoft and is now seriously considering investing in it financially.

Chad Mureta and the fingerprint recognition app

American businessman Chad Mureta was born in Vermont. After attending Coastal Carolina University, he worked for his own Myrtle Beach real estate agency.

He would have worked as an ordinary realtor, if not for one circumstance that radically changed his life. In 2009, Mureta was driving home after a basketball game and collided with a deer on the track, causing his car to roll over four times. While he was in the hospital, a friend brought him a newspaper article about millionaires making money on mobile apps. So he came up with the idea of ​​creating, developing and selling mobile software.

After leaving the hospital, Mureta borrowed $1,800 from his stepfather to start a new business. The first application developed was called Fingerprint Security-Pro, with technology for scanning and recognizing iPhone owners using fingerprints.

3 examples of successful investments that made people rich

Fingerprints can be faked, but it’s too expensive for scammers (photo source: pixabay.com)

Fingerprints can be faked, but it’s too expensive for scammers (photo source: pixabay.com)

In 2011, he received more than $500,000 in revenue from its distribution and sale. He has created over 50 apps that have been downloaded about 150 million times worldwide. In 2012, Chad wrote the book App Empire in which he shared his ideas and advice:

  • at the first stage, it is necessary to analyze the market in order to identify the missing niches for developing the desired application;
  • at the second stage, you need to transfer the application to the developer or perform the necessary actions yourself;
  • the third stage is to track the results of downloads and distribution of the application.

Mureta started his app business with no experience in the field. Since then, he has been the CEO of Empire Apps, which generates approximately $5 million a year in revenue, and is a founding member of T3 Apps and Best Apps.

Post source: zen.yandex.ru

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