List of the greatest entrepreneurs of modern times, as compiled by Fortune Magazine (April 9, 2018 issue). These inspiring businessmen turned concepts into companies, forever changing the industries in which they work, the economy, and often the world itself. Based on social and economic impact, this list includes those who have "transformed the face of business or society in a profound way" - those who founded and sustained organizations that still thrive today. Topping the list is the late Steve Jobs, who famously ignored market research and focus groups, citing that: "It isn't the consumers' job to know what they want." See other advice from these most successful entrepreneurs below.
Honorable mentions to this list include Liz Claiborne (Liz Claiborne Inc.), Michael Dell (Dell), Anita Roddick (Body Shop), Ted Turner (Turner Broadcasting), and Oprah Winfrey (Harpo Productions).
Advice: Say no to focus groups and market research.
Steven Paul Jobs was an American entrepreneur, marketer, and inventor, who was the cofounder, chairman, and CEO of Apple Inc. Through Apple, he was widely recognized as a charismatic and design-driven pioneer of the personal computer revolution and for his influential career in the computer and consumer electronics fields, transforming "one industry after another, from computers and smartphones to music and movies." Jobs served as chief executive of Pixar Animation Studios; he became a member of the board of directors of The Walt Disney Company in 2006, when Disney acquired Pixar. Jobs was among the first to see the commercial potential of Xerox PARC's mouse-driven graphical user interface, ...more on Wikipedia
Advice: Find very smart people and create small teams
William Henry "Bill" Gates III is an American business magnate, philanthropist, investor, computer programmer, and inventor. Gates originally established his reputation as the co-founder of Microsoft, the world’s largest PC software company, with Paul Allen. During his career at Microsoft, Gates held the positions of chairman, CEO and chief software architect, and was also the largest individual shareholder until May 2014. He has also authored and co-authored several books. Today he is consistently ranked in the Forbes list of the world's wealthiest people and was the wealthiest overall from 1995 to 2014—excluding a few brief periods post-2008. Between 2009 and 2014 his wealth more than ...more on Wikipedia
Age: 62
Birthplace: USA, Washington, Seattle
Photo: via Pinterest
Fred Smith
FedEx
Advice: Rely on 'first-level' managers.
Fred Smith is a North Carolina politician who served in the North Carolina Senate and ran for Governor of North Carolina in 2008. ...more on Wikipedia
Age: 76
Birthplace: Wake County, Area codes 919 and 984, United States of America, United States, with Territories, + more
Jeffrey Preston "Jeff" Bezos is an American business magnate and investor. He is a technology entrepreneur who has played a key role in the growth of e-commerce as the founder and CEO of Amazon.com, an online merchant of books and later of a wide variety of products. Under his guidance, Amazon.com became the largest retailer on the World Wide Web and a top model for Internet sales. In 2013, Bezos purchased The Washington Post newspaper. As of March 2015, Bezos's personal wealth is estimated to be US$34.8 billion, ranking him number 15 on the Forbes list of billionaires. ...more on Wikipedia
Age: 54
Birthplace: Albuquerque, New Mexico, United States of America
Larry Page was Google's founding CEO and grew the company to more than 200 employees and profitability before moving into his role as president of products in April 2001. He continues to share responsibility for Google's day-to-day operations with Eric Schmidt and Sergey Brin. The son of Michigan State University computer science professor Dr. Carl Victor Page, Larry's love of computers began at age six. While following in his father's footsteps in academics, he became an honors graduate from the University of Michigan, where he earned a bachelor's degree in engineering, with a concentration on computer engineering. During his time in Ann Arbor, Larry built an inkjet printer o...more on Wikipedia
Age: 45
Birthplace: East Lansing, Michigan, United States of America
Howard D. Schultz is an American businessman. He is best known as the chairman and CEO of Starbucks and a former owner of the Seattle SuperSonics. He was a member of the Board of Directors at Square, Inc.. In 1998, Schultz co-founded Maveron, an investment group, with Dan Levitan. In 2012, Forbes magazine ranked Schultz as the 354th richest person in the United States, with a net worth of $1.5 billion.more on Wikipedia
Age: 64
Birthplace: New York City, New York, United States of America
Mark Elliot Zuckerberg is an American computer programmer and Internet entrepreneur. He is best known as one of five co-founders of the social networking website Facebook. Zuckerberg was made the chairman and chief executive of Facebook, Inc. in April 2013. and his personal wealth, as of March 2015, is estimated to be $35.1 billion. Mark Zuckerberg receives a one-dollar salary as CEO of Facebook. Together with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, Zuckerberg launched Facebook from Harvard University's dormitory rooms. The group then introduced Facebook onto other campuses nationwide and moved to Palo...more on Wikipedia
Age: 33
Birthplace: White Plains, New York, United States of America
Photo: via Wikimedia
John Mackey
Whole Foods
Advice: Purpose inspires people.
John Mackey is an American businessman. He is the current co-CEO of Whole Foods Market, which he co-founded in 1980. Named the Ernst & Young Entrepreneur of the Year in 2003, Mackey is a strong supporter of free market economics. He is one of the most influential advocates in the movement for organic food.more on Wikipedia
Nagavara Ramarao Narayana Murthy CBE, commonly referred to as Narayana Murthy, is an Indian IT industrialist and the co-founder of Infosys, a multinational corporation providing business consulting, technology, engineering, and outsourcing services. Murthy studied electrical engineering at the National Institute of Engineering, University of Mysore, and M. Tech at the Indian Institute of Technology Kanpur. Before starting Infosys, Murthy worked with Indian Institute of Management Ahmedabad as chief systems programmer and Patni Computer Systems in Pune. He started Infosys in 1981 and served as its CEO from 1981 to 2002 and as chairman from 2002 to 2011. In 2011, he stepped down from the board...more on Wikipedia
Muhammad Yunus is a Bangladeshi social entrepreneur, banker, economist and civil society leader who was awarded the Nobel Peace Prize for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance. These loans are given to entrepreneurs too poor to qualify for traditional bank loans. In 2006, Yunus and the Grameen Bank were jointly awarded the Nobel Peace Prize "for their efforts through microcredit to create economic and social development from below". The Norwegian Nobel Committee noted that "lasting peace cannot be achieved unless large population groups find ways in which to break out of poverty" and that "across cultures and civilizations, Yunus and Grameen Ba...more on Wikipedia
Being famous is a full time job, but these busy bees have made the choice to fill their schedules with even more work! Several actors, musicians, reality stars, models, and athletes have side businesses. Some of these celebrities who own companies are interested in start-up ventures, while others own modest general stores. A few celebrities who own businesses even use their side jobs to raise money for charity.
Who is the most famous person with a side business? Jessica Alba tops our list. Jessica Alba's company, The Honest Co., sells eco-friendly baby products. Rush Limbaugh has a tea company called Two if By Tea, and Justin Timberlake owns over $30 million in MySpace stock.
Billy Corgan is a man of many talents. The Smashing Pumpkins frontman owns a tea shop in Highland Park, IL, and is a senior producer of TNA Wrestling. Paul Newman owned Newman's Own food products. He donated all of the after-tax proceeds from the company to charity. Other celebrity entrepreneurs include Jared Leto and Snoop Dogg, both of whom own stock in Reddit.
Which celebrity entrepreneur surprises you the most? Take a look at this list, and get in on the conversation in the comments section.
Besides being a musician, Justin Bieber also has a reputation for being a venture capitalist. He has invested in several companies like Tinychat, Spotify and Sojo Studios.
Birthplace: Cape Girardeau, Missouri, United States of America
Carmen Electra has a line of home stripper poles, and also starred in a series of fitness videos called Carmen Electra: Fit to Strip that combined cardio exercise and stripper dance moves.
Karlie Kloss teamed up with Christina Tosi to make Karlie's Kookies, a vegan, gluten-free cookie sold at Milk Bar locations in New York City. All of the proceeds go towards the FEED projects.
It's not unusual for celebrities to start their own fashion lines, but Pharrell develops the material that makes clothes. The "Happy" singer is the creative director and co-founder of Bionic Yarn.