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17 billionaires who were once dirt poor

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John Paul Dejoria Describes Rags To Riches Story

Some of the world's wealthiest people started out dirt poor.

These 17 rags-to-riches stories remind us that through determination, grit, and a little bit of luck anyone can overcome their circumstances and achieve extraordinary success. 

This is an update of a story originally written by Vivian Giang.

SEE ALSO: From welfare to one of the world's wealthiest women — the incredible rags-to-riches story of J.K. Rowling

Russian business tycoon and Chelsea Football Club owner Roman Abramovich was born into poverty and orphaned at age two.

Net worth: $8.2 billion

Abramovich was born in southern Russia, into poverty. After being orphaned at age two, he was raised by an uncle and his family in a subarctic region of northern Russia.

While a student at the Moscow Auto Transport Institute in 1987, he started a small company producing plastic toys, which helped him eventually found an oil business and make a name for himself within the oil industry. Later, as sole leader of the Sibneft company, he completed a merger that made it the fourth biggest oil company in the world. The company was sold to state-run gas titan Gazprom in 2005 for for $13 billion.

He acquired the Chelsea Football Club in 2003 and owns the world's largest yacht, which cost him almost $400 million in 2010.

 

 



Montpellier rugby club president and Entrepreneur of the Year Mohed Altrad survived on one meal a day when he moved to France.

Net worth:$1 billion

Born into a nomadic tribe in the Syrian dessert to a poor mother who was raped by his father and died when he was young, Altrad was raised by his grandmother, who banned him from attending school, in Raqqa, the city that is now capital of ISIS.

Altrad attended school anyway, and when he moved to France to attend university, he knew no French and lived off of one meal a day. Still, he earned a PhD in computer science, worked for some leading French companies, and eventually bought a failing scaffolding company, which he transformed into one of the world's leading manufacturers of scaffolding and cement mixers, Altrad Group.

He has previously been named French Entrepreneur of the Year and World Entrepreneur of the Year.



Kenny Troutt, the founder of Excel Communications, paid his way through college by selling life insurance.

Net worth: $1.5 billion 

Troutt grew up with a bartender dad and paid for his own tuition at Southern Illinois University by selling life insurance. He made most of his money from phone company Excel Communications, which he founded in 1988 and took public in 1996. Two years later, Troutt merged his company with Teleglobe in a $3.5 billion deal.

He's now retired and invests heavily in racehorses.



See the rest of the story at Business Insider

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