3 More Celebrity Rags to Riches Stories

Tuesday, September 15th, 2015

While many celebrities and famous, wealthy people are rolling in money, not all of them started out that way. Here are four celebrity rags to riches stories to inspire you! Michael Bloomberg Celebrity Rags to Riches Stories

Michael Bloomberg

Born in Brighton in Boston, Bloomberg’s paternal grandfather was a Russian immigrant and his maternal grandfather was an immigrant from Belarus (then put of Russia). His father was a real estate agent. After moving around from Allston, Massachesetts, to Brookline and then Medford in Boston, all before he was five years old. Despite his humble beginnings, after studying Electrical Engineering at Johns Hopkins University and getting his Masters of Business Administration at Harvard Business School, Bloomberg went on to become a partner Salomon Brothers, a Wall Street investment bank.  When he was 39, in 1981, he was let go at Salomon Brothers. He used his severance package he set up the company Innovative Market Systems which was renamed Bloomberg L.P. six years later. Bloomberg is now worth an estimate $33 billion and is rank the 13th richest person in the world. Ralph Lauren Celebrity Rags to Riches Stories

Ralph Lauren

Born Ralph Lifshitz to Asheknazi Jewish immigrant, Lauren lived in the Bronx before attending Baruch College, dropping out, and joining the U.S. army. Lauren sold ties at school, and continued this pursuit when he left the army by working for Brooks Brothers. His idea to design wide, European-style ties was rejected by Brooks Brothers, and Lauren eventually left to follow this venture, sometimes making ties out of rags that he found. He got his break when he was approached by the luxury department store Neiman Marcus, when they bought 1200 of this ties. Lauren opened a neckties store with the backing of Norman Hilton, a Manhattan clothing manufacturer. He sold his ties under the “Polo” trademark. At the age of thirty-one in 1970, Lauren won the COTY Award for his menswear line. He was commissioned to design the wardrobe for the film The Great Gatsby (1974) and released his first womenswear line in 1972. In 2007 Ralph Lauren had more than twenty-seven boutiques in America. jk Rowling celebrity rags to riches stories

J.K. Rowling

Rowling was born to an aircraft engineer and science technician in Yate, Gloucestershire, England. As she became a teenager, Rowling’ mother fell ill and this put a great strain on the family – as well as the fact that Rowling and her father were not on speaking terms. She applied to Oxford but was not accepted and ended up studying French and Classics at the University of Exeter. She worked as a researcher and bilingual secretary for Amnesty International. One of her short essays was published when she was twenty-three and she started writing the Harry Potter series in 1990 when she was twenty-five. Rowling suffered domestic abuse in her first marriage and, after the birth of her first daughter, she left her then husband. Living in Edinburgh with her sister, she was diagnosed with clinical depression – but despite that continued to write, putting her suffering into her writing After being rejected by twelve publishers, unemployment, and living on welfare, her book was finally accepted in 1997 by Bloomsbury and published in June that year. By 1998 Warner Brothers had already bought the film rights for the first two books in the Harry Potter series for over $1 000 000 and the first film was released in 2001. In 2004 Rowling was the first author to become a U.S.-dollar billionaire and in 2013 she was considered the 18th most power woman in the UK. What are you going to do to catch your big break? Let us know in the comments!

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