Illusory unreal billionaires - Musk, Gupta, Adani

Every generation needs a revolution - an entrepreneurial revolution

The world has been rocked by unbelievable news:

1.  Elon Musk lost  $200 billion in his wealth

2   Hinderburg short seller has challenged  Gautani Adanis real weath, and alludes to scam) Adani is reputed to be the  richest man in Asia, and belongs to the top 10 in the world

3.  So with Gupta which had connection with Greensil.    (starting to unravel)

So dear friends do not be so amazed by fakeries in the corporate world some of them may be large scale crooks. 

Stock markets and valuation firms create and destroy wealth overnight .  May be they are rich in paper.only

The real wealthy people do not commit scams or plunder on large scale, tells lies about their finances and real business operations   That is why many people lose respect for businessmen.  

Dire prediction for world economy

Every generation needs a revolution - an entrepreneurial revolution

The current state of world economy does not fare well.  It started with US raising interest rates several times, driving up the dollar and shrinking the value of various currencies.   It was said that the increase in interest rates will cause recession shrink jobs thus leading to less consumption and thus dampening prices.

This is compounded with increasing fuel prices, reduction in production of OPEC food supplies due to the Ukraine war.  

All ready various countries are showing signs of strain:    China, which was the barometer of economic growth and progress;   Europe is in recession 

The more there is room for innovation and entrepreneurship   The difficulties caused by pandemic saw the increase in number of millionaires  

Millions became millionaires during pandemic

The world produces bilionaires every 30 hours.   However, a million people sink into poverty every 33 hours

What are you doing now ProfJorge?

APS, Rockwell Center, Makati City  |  February 23, 2013

I was recently asked by a student this question.  He works for an outsourcing group for a US investment bank.

Well I said I have a day job. The question sure woke me up from what looked like a deep slumber,

I manage 6 memorial parks now, overseeing their sales and completion.;   a lending company with 50 million in assets size. At least 3 MDs ask me for advice on how to run their businesses.  They all look small after reading the article on Nigerian blog on how to be a billionaire.

I stopped growing when I started teaching.  I might quit teaching this year which does not create much value and which has slowed down my entrepreneurial journey. I think I am more tentative and have become less bold in pursuing my dreams (have I stopped dreaming? How about a subaru sti to pursue/to buy.  How about in the Forbes list too?  There is still time...  I am not sure whether what I teach makes sense to past and present students.

Several properties have been presented to me for evaluation.  There is one where the possible partner backed out because we could not get a right of way.  Now I have one:  for possible cemetery, one for possible subdivision/memorial chapel.  And another one for subdivision,

There is 5 hectare in Taytay untitled for subdivision. <Today I was informed of a 1.5 hectare near an existing subdivision>  Well that is lot for the next 3 years or next 20 years

I also do long bike rides on weekends. I rode to Tagaytay last Feb 24, 2013 

I also rode to Baguio City from Angono, Rizal last January 25, 2013. Can you beat that?

Drop out billionaires

From Strategic business team

There are stories of drop outs who have become billionaires.  What are we doing here taking up MBA?

The author here lists down 55 drops outs who have become billionaires.  Some of them:

Thomas Alba Edison

Bill Gates

Steve Jobs

Li Kai Shing

Walt Disney

Mark Zuckerberg

Richard Branson   Find out how drop outs became billionaires