I came across the following chart recently on one of my BFF’s sites, Visual Capitalist, and thought to share given its potential implications as a roadmap for mega wealth. The chart looked at how the asset composition of a person changes as net worth increases from $10,000 to a $1 Billion. Now, I use the term roadmap loosely. This chart is presented purely for infotainment.
For purposes of this exercise, net worth has been classed as the assets that a person has remaining (such as savings, stocks, mutual funds, bonds, real estate, vehicles, retirement accounts) after subtracting all liabilities (including student loans, mortgages, credit cards and other forms of debt).
What I found intriguing was the clear correlation between mega wealth and success in business. If you want to be a billionaire, then basically you need to be wildly success in the business sector. This is consistent with the trajectory of the world’s richest people whose wealth has mirrored their stellar business successes such as the case with Bill Gates (Microsoft), Amancio Ortega (Inditex, Zara), Jeff Bezos (Amazon) and Warren Buffet (Berkshire Hathaway).
Reading between the lines, it also suggests that if you want to be mega wealthy, then you have to wholeheartedly commit to your business endeavors and not take too much profit along the way. I’m not suggesting that chasing money for its own sake is something to aspire towards. Rather, I suspect it’s a case of these people believing in themselves, having a clear vision for their businesses and executing every single day. I would be interested to hear if you reached the same conclusions as I did. Check it out below.