Famous Entrepreneurs Who Changed the World

Posted on Sep 10, 2022      63

There are people who make vast sums of money, and then there are those who are changing the world through their own entrepreneurial projects. If you want to know the basic rules and tips of entrepreneurs, follow this link.

We have collected the stories of prominent businessmen who have influenced both their generation and the future of all humanity. So, the famous entrepreneurs of the world. Where did the great businessmen start?

John Morgan

At the end of the 19th century, he was one of the most successful and calculating monopolists. John Morgan made his first big money selling gold and arms during the Civil War era in the United States (although you can’t say he started from scratch because his father was a banker). Morgan then invested in the railroad and controlled several businesses in that industry.

In the 1880s, the entrepreneur became interested in Edison’s inventions, so he brought electricity into his own home and then formed a major concern specializing in electrical engineering. The next industry in which Morgan became a monopolist was steelmaking.

By the end of the century, it was hard to find an area in which Morgan had no investments. It should also be mentioned that it was this entrepreneur who saved the United States from the banking crisis at the beginning of the 20th century.

John Rockefeller

Probably the most famous businessman on this list. He achieved the status of a dollar billionaire for the first time in the history of humanity. The Rockefeller dynasty became one of the richest in the world. The Standard Oil company was constantly mentioned in the press at the end of the 19th century.

In the 1860s Rockefeller became interested in oil and its refining methods, and then just ten years later he and his partners had a successful oil refinery.

It was this businessman who realized that he had to put great emphasis on logistics in his business. For a long time, he worked to stop transport deliveries to other companies, which allowed Rockefeller to become a monopolist and control about ninety percent of the market.

A few years later, legislation forced him to split up his business, but each of the smaller companies gradually became a major player and began generating huge profits.

Henry Ford

It was Henry Ford who set up mass automobile production. He assembled the first car in his spare time as an engineer. At first Ford was involved in racing cars, but failures led him to the idea of producing mass-produced cars. He found investors who will support the start of car production.

Ford’s system of work organization even became something of a phenomenon that deserved a special term, “Fordism”. It was he who practically for the first time expressed the idea that workers should be paid decently in order to stimulate their professional development.

It was he who pioneered the conveyorized method of car production, which allowed for a faster assembly process and savings in labor costs.

Almost since the beginning of the production of the legendary Model T, Henry Ford’s company has won recognition from consumers. And today the enterprise Ford Motor is one of the most budget-friendly manufacturers of quality cars.

Kiichiro Toyoda

Toyoda was the eldest son of a loom manufacturer. In the early 30s he began producing cars, but then few could imagine that it would be the start for the incredibly successful Toyota brand. The company produced its first cars in the 1930s and even supplied several car lots to China.

The events of the war were devastating for the Japanese economy, so Kiichiro Toyoda had to cut production costs to save the business.

His company’s production system then became the foundation for the so-called lean manufacturing concept. Toyota cars were the first Japanese cars to be exported to the United States.

Estee Lauder

The only woman on this list of the world’s famous entrepreneurs. Today, you can find a huge number of samples in almost any store that sells cosmetics. But in the early 1940s, this became a real “chip” of Estee Lauder, which helped her to quickly gain success.

This woman’s persistence allowed her to tour many stores and beauty salons, convince managers to buy her products, and supervise how window displays work in large outlets.

Already in the ‘60s, Lauder wasn’t enough of an American market; she conquered the European expanse. This businesswoman’s bold marketing moves revolutionized the world of cosmetics sales.

Supposedly, in a French store, she simply smashed a perfume bottle, loudly presenting herself and her new fragrance called Youth-Dew.

Already in the late seventies, Estée Lauder’s business was bringing in one hundred and seventy million dollars a year. The Estée Lauder Companies that she founded are successfully operating today.

Sam Walton

This entrepreneur founded a true retail legend, the Walmart chain of department stores. Walton borrowed a sum to buy the franchise from his father and quickly made the outlet one of the most successful. But the owner of the premises would not renew the lease, so the businessman had to start from scratch again.

His new store earned a self-service system and quickly brought in substantial income, so Sam Walton bought small stores and founded his own chain.

Struggling with the competition forced him to offer large discounts and make money not on big price tags, but on the number of sales. The first Walmart department store began its operation in 1962. In a few years, Sam Walton had about three hundred stores in the USA and soon the world status of the retail leader.

Bill Gates

How can we talk about the most successful entrepreneurs without mentioning Bill Gates? His company Microsoft appeared in the mid-1970s. In 1980, he released MS-DOS, and a year later, it became an industry standard, so Gates kept the license for different manufacturers.

Within a few years, the entrepreneur was already considered one of the richest people in the United States. By the mid-80’s Bill Gates had the Windows operating system, which (of course, not without difficulties) he had been developing for several years, so that by the beginning of the 90s Windows was installed on over eighty percent of computers worldwide.

At the moment, he is on the second line of Forbes, with a fortune of 90 billion dollars. If you want to know more about this remarkable man, read the biography of Bill Gates on our site.

Jeff Bezos

Jeff Bezos once left Wall Street to pursue the business of selling books online. Offering prompt and quality delivery enabled Amazon, now known to almost everyone, to become a success not only in the United States but also in forty-five other countries.

By 1999, the company’s stock was valued at $6 billion. Jeff Bezos proved to his generation that online sales can be incredibly successful.

Bezos is credited not only with launching a profitable business but also with skillfully optimizing his company. Today, Amazon sells a huge number of product categories around the world. In 2018, he surpassed the previous candidate and came out on top of Forbes with a fortune of $112 billion.

Steve Jobs.

Jobs’ tremendous contribution to the industry is invaluable. He has become a true legend of our time. Who doesn’t know about gadgets like the iPod, iPhone, and iPad? They changed the way an entire generation thought about what consumer electronics could be.

And Jobs is considered a genuine star of presentations - people all over the world still learn from his speeches to this day.

The most successful period in Apple’s history was difficult personally for Steve Jobs because of his advanced cancer, which was diagnosed in 2003. But despite the illness, Jobs kept busy almost right until his death.

Mark Zuckerberg.

One of the most famous entrepreneurs of the 21st century. It was Zuckerberg who created the world’s largest social network. It is unnecessary to retell exactly how he founded Facebook, because the story is known to almost everyone today. Once in a university dormitory, he launched the site, where within a few weeks a huge number of people were registered.

Originally, the popular social network was called Thefacebook.

Now Mark Zuckerberg and his wife are investing in education and technological development. Becoming the successful head of one of the most influential companies on the planet, the businessman is engaged in charity.

Zuckerberg also occupies the 5th line in the Forbes ranking with a fortune of $71 billion.

Instead of a conclusion

The list could go on for a very long time, it is only worth remembering the true legend of our days Elon Musk and his company Tesla, as well as daring projects of drones cars or Mars colonization, Travis Kalanick and the company Uber, Jack Dorsey with Twitter, as well as Jack Ma and his enterprise Alibaba. Be sure to include them in part two of “Famous Entrepreneurs”.

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