> One of the many qualities that separate self-made billionaires from the rest of us is their ability to ask the right questions.<p>I posit that there is no such thing as a self-made billionaire.
I believe that every single billionaire has had massive amounts of financial assistance.
I'd love to see a single counter-example to this statement.
Just if anyone didn't notice the top reply is from Elon's ex-wife Justine Musk, and here response is point on.<p>You become a billionaire by accumulating wealth. What is wealth? Wealth is something that other people want! It could be cars, gold, influence, a piece of software that saves people time.<p>She is fundamentally correct.<p>Elon became a millionaire by helping build a product that solved a problem many people had (how to pay each other on Ebay)<p>Then he became a billionaire by strategically gambling his millions buildin products that people absolutely needed: low cost reusable rocketry, affordable electric vehicles, and right now, global low latency satellite internet.<p>The power of wealth is evident when you build a product where even people that justifiably dislike you (for being a douchebag and spouting Russian propaganda) need to use your product regardless (Starlink)
Nope. Exploiting a loophole in the current system is an essential ingredient.<p>Once the loophole is closed, your hack will be grandfathered in, creating an automatic moat.
I don't know if determination and hard work are all that is required to be a billionaire, but I do know for sure that laziness, sloth, and sitting around will never make one a billionaire.