Download PDF Zero to Billions - Anyone Can - 22 Australian Self-made Billionaires - Immigrants and the Great Transformation

Zero to Billions – Anyone Can – 22 Australian Self-made Billionaires – Immigrants and the Great Transformation

by Paul Chan.

Product Details:

  • File Size: 451 KB.
  • Print Length: 83 pages.
  • Language: English.

Download Zero to Billions – Anyone Can – 22 Australian Self-made Billionaires – Immigrants and the Great Transformation:

DOWNLOAD PDF   DOWNLOAD EPUB   DOWNLOAD MOBI


Description of Zero to Billions – Anyone Can – 22 Australian Self-made Billionaires – Immigrants and the Great Transformation:

Zero to Billions – Anyone Can – 22 Australian Self-made Billionaires – Immigrants and the Great Transformation

Large, beautiful, exotic in its landscape. Australia is unique that she is a prosperous, peaceful and egalitarian. Who does not like Australia? To me, the first thing that stands out about Australia is it is a land of immigrants. About 27% of the Australian population are immigrants, more than twice the US average. Australia also has the highest minimum wage in all OECD countries, with a minimum wage at $15. The minimum wage is about 30% higher than US average. Like Canada, Australia has a cradle to grave welfare system.

This is my 12th eBook on self-made billionaires. As usual, I adopt the 6 Ws approach; who, what, how, when, where and why. I set up this eBook as 80% fact and 20% analysis. This way, I respect my readers and they are free to form their own conclusions. 80% of this book are taken up by business biographies of the 22 Australian self-made billionaires (SMB). Just like my other study on SMBs, the 22 Australian self-made billionaires offer plenty of surprises. Here are the top 5 surprises.

My first big surprise the majority of Australian SMB never went to college. 13 out of the 22 have high school or less education. There is not a single PhD, MD, JD, only 2 MBAs. Clearly formal education does not pay in Australia. Most of the self-made are self-educated. This is what I described in past books as the paradox of small education, big billionaires. It is a phenomenon very easy to spot in all country but almost impossible to explain. But this is my favorite paradox because it supports it supports my thesis that “anyone can be a self-made billionaires”. If a high school graduate or dropout can become self-made billionaire, so can anyone. The curious question: why so many in Australia?

My second big surprise is the huge success of immigrant self-made billionaires. 10 of the 22 Australian SMB are immigrant. Of the 3 richest Australian SMB, all of them are immigrants. Of the 10 richest Australian SMBs, 6 are immigrants. Moreover, the average immigrant SMB are also 80% richer. Overall, immigrants are 70% more likely to become SMB than locals. How is this possible? I call this the immigrant paradox because I cannot explain it. Our world is listening to Donald Trump bashing immigrants or blaming foreigners for their plight. Immigrants are supposed to be a drag on the local economy, because of their handicap in language, culture and family connection.

My third surprise is half of Australian SMB derived the majority of their wealth overseas. Just like immigrants, overseas trade is the big engine of growth. Let’s use Westfield Shopping Mall, one of Australia’s leading global brand, was founded by Frank Lowy, most of his fortune in US.

Finally, my fourth surprise is: there is no woman self-made billionaires in Australia. This is coming from Hong Kong, with 4 woman self-made billionaire. Like Canada, Australia has not produced a single women self-made billionaires. Why is there no woman SMB in Australia?

In conclusion, I find Australians in 2016 in very wary mode. The great mining boom came to an abrupt end in 2014 with a mining bust. And the 20 year old property boom seems unable to march on forever. Real estate and mining apart, there is no single third sector in Australia looks capable of leading Australia into the future. I call this The Great Transformation. Australians know its economy will change, but are unsure of which direction.

Source: Amazon.com

Related eBooks

Leave a Reply

Your email address will not be published. Required fields are marked *

eight + four =

Download eBook (.pdf)

  • Download eBook (.epub)

  • Download eBook (.mobi)