YOU HAVE TO BE EXCEPTIONALLY SMART TO BE A BILLIONAIRE ACCORDING TO STUDIES – Money makes more money, that is no denying but to make money, serious money, then according to one study by Duke University, you have to be exceptionally smart and in the top 1% for cognitive ability.
Today there a lots of billionaires but according to a study by Duke University their ability to become billionaires is not simply a matter of hard work and luck but rather due to their brainpower; according to Duke University 45% of billionaires are in the top 1% of the smartest people in the world.
It may surprise you to learn that this ranks them smarter than any US senator or federal judge, both who form 41% of those in the top 1% for cognitive ability. While this may not come as a shock the study noted that only 21% of the US House of Representatives were considered to be that smart – surprised?
Note that the study was based on American Colleges, with college admission used as a criteria that determined if a person was of notable intelligence.
It is interesting to note that 88% of billionaires graduated from prestige colleges, such as Harvard, however having the ability to get into Harvard would appear to be good enough considering that Mark Zuckerberg, the founder and CEO of Facebook, did in fact drop out.
Other notable billionaires on the ‘smart list’ and with prestige college degrees include some of the wealthiest individuals in the world including, Warren Buffet, Michael Boomberg, Sergey Brin, Larry Page, Steve Ballmer and many others.
With all this information at hand I’m now feeling a little deflated and I really feel for the millions of internet bloggers out there who are trying to make it rich. Oh bugger! Just when I thought that my dedication and hard work would be enough I have some study telling me that I am not worthy… I can see the sense in therapy now.
In all honesty I am smart enough to know that Meebal.com is most unlikely to ever hit a valuation in the billions. For this to happen you do need extraordinary foresight in determining what is going to be the ‘next big thing’ and when it comes to technology I’m a bit lots – it’s akin to giving a chimpanzee an iPad – I just wouldn’t know where to start.
On that note I still believe I have enough smarts to turn Meebal.com into something rather special. My ultimate goal is to get people around the world to report what they see or write about what interests them. If I succeed then Meebal.com could certainly grow its worth to several hundreds of millions; which is more than enough for anyone.
I would say that anyone developing a business, online or offline, don’t give up and don’t read too much into these studies – if you believed it all you would never get out of bed. Work hard and above all love what you do because all the money in the world won’t help make you happy if you hate what you are doing.
Before I go; because no doubt there are many of you that feel being a billionaire is obscene. Stop and think for a moment how much good a billionaire can achieve. If you look at people like Bill Gates, Warren Buffet, Mark Zuckerberg, Sir Richard Branson and others who have pledged to donate most of their personal wealth to the betterment of mankind this is far more beneficial than anything any Government could hope to achieve.
I for one sincerely believe in the ideology that Bill Gates has in that there is so much you can spend on yourself but unlimited in the pursuit of helping others. This is, without doubt, something I would embrace if I had the good fortune to be successful and I am sure there are many more who believe the same.