Who said you can only become a billionaire if you have a business? As it turns out, it’s not just businesses that can make you a billionaire. Some of the richest people in the world have proven that they can get rich by making stocks a form of long-term investment. Here are 2 figures who managed to become billionaires because of stocks.
Warren Buffet, Oracle of Omaha
Commissioner, Director and major shareholder of Berkshire Hathaway is known as the best investor in the world. The nickname Oracle of Omaha or fortune teller from Omaha was pinned to him because of his loyalty to the value investing type of investment method. This method is done by analyzing the ratio of the company’s fundamentals.
One of the famous breakthroughs made by Warren Buffet was when he bought Coca-Cola shares in 1989. At that time, the price per share of Coca-Cola was only about US$ 40. However, now the price per share has reached US$ 5 million.
Carl Icahn, Corporate Raider
The founder and majority shareholder of Icahn Enterprises is known as one of the investors who dare to take risks. Nickname Corporate Quoting wired.com, Raider stuck with Carl Icahn because through his company, he bought a large number of shares in other companies in order to get a majority stake in the company. In this way, Carl Icahn was able to profit up to more than 30 percent of these companies.
In 2015, Carl Icahn officially became the ruler of a US mining company, namely PT Freeport McMoran Inc (FCX). This company is the holding company of PT Freeport Indonesia which has long been developing in Indonesia. Icahn officially became the new ruler of Freeport after buying 88 million shares, thus automatically owning 9.1 percent ownership of this mining company.
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