Education definitely determines the quality of a person’s life. It boosts our skills and knowledge and develops the attitude and personality. And a higher education allows you to pursue a career that motivates and interests you. Needless to say, higher education is useful.
However, having a college degree may not be essential for a lucrative life. There are many successful individuals who never got a degree.
Here is a list of the richest people who never went to college, but still managed to get success in their endeavors.
Ingvar Kamprad was a Swedish entrepreneur who founded IKEA, the biggest furniture company in the world. Kamprad showed entrepreneurial skills from a young age when he started selling matches to neighbors. And he established a company called IKEA in 1943. The company’s name was based on the initials of Kamprad, on the first letters of his farm named Elmtaryd, and his village Agunnaryd. At first, the business titan sold items, such as nylon stockings, jewelry, and photo frames over the telephone. In 1948, he started selling affordable, modern furniture, and the new merchandise became so popular that IKEA started selling only home furnishings in 1951.
Amancio Ortega is one of the wealthiest men in Europe and has a net worth of $76.4 billion. He is a Spanish businessman who founded Inditex fashion group in 1963. Inditex Group owns Zara, home textiles, and footwear businesses. It distributes, manufactures, designs, and sells its own products in over 7,000 stores worldwide. Ortega left school when he was 14 years old and never returned. As a youth, he began delivering shirts after dropping out of school because his family was in need of money. Ortega learned to make lingerie and dressing gowns with his first spouse, Rosalia Mera. He is also a well-known philanthropist and donates money to scholarships and education.
Liliane Bettencourt was a French businesswoman and heiress. She was renowned as one of the majority shareholders of Nestle and L’Oreal. Nestle is a food and beverage company, whereas L’Oreal is a personal care company. At the time of her death, Bettencourt was the richest woman in the world, with a net worth of $44.3 billion.
Henry Ford was an American business tycoon who established the Ford Motor company. In 1908, Ford started production of the Model T Ford, a car that revolutionized the world. And most families could purchase the car because it was affordable. The business magnate did not have a college degree. While Ford studied some courses related to business later on in life, he never finished a college degree.
David Green is an American business magnate who founded Hobby Lobby, an arts and crafts store chain. He supports Christian institutions and is one of the biggest donors to Evangelical causes in America. In addition to this, Green also funded the Museum of the Bible, which opened in Washington D.C. back in 2017. The billionaire, who never went to college, has a net worth of $7.6 billion.
Haim Saban is an American producer of television and movies and media proprietor. Back in 1980, the media proprietor founded Saban Entertainment, a distributor and producer of kid’s television shows in the US. The entertainment company has produced many huge hits, such as the Mighty Morphin Power Rangers and X-Men. The media mogul whose net worth is $2.9 billion never went to college.
Saban is also one of the most generous philanthropists in the United States. In 1999, the business magnate, along with his wife Cheryl, began the Saban Family Foundation, which supports education and medical programs. Apart from this, Saban supports the US Democratic Party and is active in pro-Israel political efforts in the US.
Frederick Laker was a British airline entrepreneur who founded Laker Airways in 1966. He was expelled from school and went immediately to work in the aviation industry. Laker was one of the first airline owners to embrace the no-frills airline business model that has since proven to be successful throughout the world with airlines, such as AirAsia, easyJet, Ryanair, Norwegian Air, and WestJet.
David Geffen is an American film studio executive, producer, and business tycoon. Back in 1971, Geffen and his partner Elliot Roberts founded Asylum Records. He also founded Geffen Records in 1980 and co-founded DreamWorks SKG with film producers Jeffrey Katzenberg and Steven Spielberg in 1994. As a philanthropist, Geffen has donated generously to many research and educational institutes. Geffen’s net worth is $9.1 billion.
He almost failed high school and dropped out of college after just a semester. He struggled in school due to dyslexia, a learning disorder that affects the ability of an individual to write, spell, and read. Dyslexia, also known as reading disability, affects brain regions that process language.
John Paul DeJoria
John Paul DeJoria is an American business magnate, philanthropist, and entrepreneur. The net worth of the entrepreneur is $2.7 billion. DeJoria, who never went to college, is the founder of Patron Spirits Company and cofounder of hair care company John Paul Mitchell Systems. Patron Spirits Company is the manufacturer of high quality distilled spirits. The company’s portfolio includes Pyrat rum, Ultimat vodka, and Patron tequila. These luxury spirits are available in more than 130 nations across the world and sold at duty-free stores and shops.
Richard Branson is an English investor, author, and entrepreneur. In 1970, the former philanthropist founded the Virgin Group, which controls over 400 companies in many fields.
Branson, who never went to college, entered into his first business venture at the age of 16 years with a magazine called Student. His net worth is $4.5 billion.
Harold Hamm is an American entrepreneur who chairs and founded Continental Resources, one of the largest oil companies in the United States. His net worth is $5 billion.
Although Hamm liked school and was good in his studies, the college was not in his plans for financial reasons. At the age of 18 years, he started working for an oilfield services company.
The oil executive has signed The Giving Pledge and has contributed generously to causes that increase educational and healthcare opportunities for individuals in the US and throughout the world. In 2007, Hamm established the Harold Hamm Diabetes Center, which is one of the top educational and research facilities in the US. Through the Harold Hamm Diabetes Center, Hamm’s goal is to motivate intelligent and young researchers to find the treatment for a disease that was identified as the biggest health crisis of the next generation.
Sean Parker is an American businessman and philanthropist who co-founded Napster, a file-sharing computer service. In addition to Napster, he also co-founded Brigade (a civic technology platform), Airtime.com (a live video website), and Plaxo (an online address book service). Parker is also the chairman and founder of the Parker Foundation, an organization that focuses on civic engagement, public health, and life sciences. Other than that, he is the first president of the social network Facebook. The net worth of Sean Parker is $ 2.7 billion.
Walter Disney was an American film producer, voice actor, businessman, and animator. He received 22 Oscars, an Emmy Award, and two Golden Globe Special Achievement Awards. Disney was a pioneer of animated cartoon films and the creator of cartoon characters, such as Donald Duck and Mickey Mouse. The lovable Mickey Mouse was introduced in a 1928 short movie named Steamboat Willie, one of the first animated films to use synchronized sound effects. Disney also planned and built a very big amusement park called Disneyland in Los Angeles in 1955. He founded the Disney Company, which is one of the biggest entertainment conglomerates in the world.
Simon Cowell is a British record executive, entertainment manager, and television personality. He is the CEO and founder of Syco, which is an entertainment company headquartered in Los Angeles and London. What’s more, Cowell has judged on American Idol (American television talent competition series), Britain’s Got Talent, and Pop Idol (British television talent competition series). The entrepreneur dropped out of high school when he was 16 years old.
And his major break came when his dad Eric Philip Cowell, an executing at EMI Music Publishing, recruited him in the mailroom. Through determination and hard work, he worked his way to get to the top and found fame as a judge on the UK Pop Idol before joining American Idol. The net worth of Cowell is $51 million.