Some of the richest people in the world right now have certainly placed a huge question mark on the need and the benefit of attending college, although it should be clarified at the very start that most of the billionaires in existence today do hold college degrees.
But we are focusing on those who chose to drop out of their college to pursue their entrepreneurial dream and eventually became billionaires.
Their stories have become legendary in colleges everywhere, with students aspiring to become just like them by dropping out and pursuing their dreams, although most don’t end up doing it.
According to statistics, 32% of all billionaires do not hold a college degree and the ones who do have majored in the arts even though they started up businesses that were in a different field altogether. So how did these college dropouts make their dream work?
The Case of Ralph Lauren
Ralph had been attending Baruch College, which is part of The City College located in New York before he decided to drop out and become a fashion designer instead. He started off by launching a collection that included only neckties for men, which eventually evolved into a full-on clothing brand for men that also later released its women’s line.
Lauren has 35 boutique shops under his brand’s ownership in the US alone, and currently enjoys an impressive net worth of around $8.2 billion.
Finding Inspiration in Jan Koum
It’s difficult to imagine life without WhatsApp now that it has become the primary messaging app for many people around the world, and to think that it may not have existed had Jan Koum not decided to drop out of the San Jose State University. He is now worth a massive $10 billion.
Koum has a very inspiring story as well. Apparently, he was just 16 years of age when his mother had decided to move the family to the US all the way from Ukraine.
Reportedly, they had moved to California and were somewhat dependent on programs that were providing social support.
To supplement their finances, Koum found a job in a grocery store while his mother worked as a babysitter. During his free time, he would study computer networking, and at 18 years old, he enrolled in the San Jose State University to major in the field of programming.
The Young Billionaire Mark Zuckerberg
And how can we not discuss Mark Zuckerberg, the man who redefined the internet and the way we interact with other human beings.
Zuckerberg had launched Facebook while he was still enrolled at Harvard, and after witnessing the immense popularity of the platform just one year after its launch, Zuckerberg naturally did not see any point of staying in college and decided to drop out of it while he was still in his second year.
His worth is around $50 billion at this time, which continues to grow with the growing popularity of the Facebook empire, which also includes WhatsApp and Instagram.