Download PDF Zero to Billions - Anyone Can - 26 Canadian Self-made Billionaires - 5 Surprises and 4 Lessons

Zero to Billions – Anyone Can – 26 Canadian Self-made Billionaires – 5 Surprises and 4 Lessons

by Paul Chan.

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  • File Size: 671 KB.
  • Print Length: 87 pages.
  • Language: English.

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Description of Zero to Billions – Anyone Can – 26 Canadian Self-made Billionaires – 5 Surprises and 4 Lessons:

Zero to Billions – Anyone Can – 26 Canadian Self-made Billionaires – 5 Surprises and 4 Lessons

This is my #11 eBook on Self-made Billionaires in the world and the #2 second eBook on country-specific study of self-made billionaires. Last year I wrote “43 Hong Kong self-made billionaires”. Taxes make a huge difference. The first thing that struck me is Canada is a very difficult place to make it as self-made billionaire. In Hong Kong the maximum income tax is 15%, in the US, it is about 35% but in Canada the maximum income tax is about 50%.

I want to write this book to be 80% factual and 20% analysis. The majority of this eBook is devoted to the biographies of the 26 Canadian self-made billionaires. So, I hope this is fast pace and unbiased. The readers are free to read the facts (80%) and should feel free to form their own opinion.

I adopted a Six W’s approach. Why do we study Canadian self-made billionaires? Who are they? How did they make their fortune? What are their age, sex, average net worth, immigrant status, ethnic origin? At the end of the book, I come up with 5 surprises and 4 lessons.

Like my other eBooks, there are plenty of surprises. The first surprise is even though Canada is second largest country on earth (Canada is bigger than China, bigger than US), there is only one resource self-made billionaires. I call this a paradox, because it is difficult to explain. The second surprise is Canada produced 3 fashion self-made billionaires. In fact, Canada produced more fashion self-made billionaires than France. My third surprise is immigrants actually do better than Canadian-born. Immigrants are 34% more likely to become self-made billionaires than Canadian-born. How is this possible? Aren’t immigrants handicapped by language, culture, connections and many other disadvantages? My fourth surprise is Canada produced 3 software self-made billionaires and 1 in IT consulting even though all 4 of them made their fortunes in the United States, not Canada. My fifth surprise is there is no woman self-made billionaire in Canada. For a Western democracies with proud record of human rights and human equality, this is a surprise.

Lastly, the proximity to the US is a blessing to Canadian business I found 15 of the 26 Canadian self-made billionaires made their fortune either overseas or through trade. Of the top 10 Canadian self-made billionaire, 7 of them made their fortunes overseas. Garrett Camp is the richest Canadian self-made billionaire. He is also the youngest of the 26 Canadians in this study. At 37 years old, with a net worth over $6 billions, he made his fortune as co-founder of Uber, an American company in California. Clearly, the United States is a bonanza for Canadian self-made billionaires.

Source: Amazon.com

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