From Rags to Riches: Inspiring Stories of Six Entrepreneurs Who Started with Nothing

Life isn’t easy for everyone, and some of the most successful people often are the ones that start with nothing. It takes time, effort, and a keen eye for the opportunities to become a successful entrepreneur.

The six people on our list have shown how you can steadily climb to the top through hard work and dedication. Let’s dig in to learn more about the efforts and success of these people.

Oprah Winfrey

Oprah Winfrey began by her hosting a low-rated morning talk show called “A.M. Chicago.” Within a few months, the show’s success led to its renaming as “The Oprah Winfrey Show,” eventually becoming the highest-rated talk show in television history.

In 1986, she founded Harpo Productions, her own multimedia company that produced her show and other successful programs like “Dr. Phil” and “Rachael Ray.” Winfrey expanded her empire further by launching her magazine, “O, The Oprah Magazine,” in 2000, which became one of the industry’s most successful publications.

In 2011, she established the Oprah Winfrey Network (OWN), a cable network focused on self-improvement and personal growth. Alongside her media ventures, Winfrey has engaged in philanthropy, donating millions of dollars and founding the Oprah Winfrey Leadership Academy Foundation to support disadvantaged girls’ education in South Africa.

Do Won Chang

Do Won Chang notable entrepreneur and the co-founder of the popular fashion retailer, Forever 21. Born in South Korea, Chang and his wife, Jin Sook, immigrated to the United States in 1981 in pursuit of the American Dream.

Upon their arrival, Chang worked multiple odd jobs to make ends meet. He eventually saved enough money to open a small clothing store called Fashion 21 in Los Angeles in 1984. The store initially targeted middle-aged women, but after with increasing popularity, it was later rebranded.

In 1989, Fashion 21 was rebranded as Forever 21, catering to a younger demographic with affordable, trendy fashion. The store’s success grew rapidly, leading to the opening of multiple locations across the United States. Forever 21 became known for its fast fashion, offering a wide range of styles at affordable prices.

Leonardo Del Vecchio

 

The founder of Luxottica Group, a global eyewear company that produces renowned brands like Ray-Ban and Oakley, has an inspiring story.  Born in 1935 in Milan, Italy, Del Vecchio faced a challenging childhood. At a young age, he was sent to an orphanage due to his father’s untimely death.

He started working as an apprentice in a tool and die maker’s shop and later honed his skills in molding and shaping plastic components. Drawing on his expertise and passion for eyewear, Del Vecchio founded Luxottica in 1961.

Initially, Luxottica focused on manufacturing eyewear parts and frames for other companies. However, Del Vecchio recognized the potential of building a vertically integrated eyewear empire. He expanded Luxottica’s operations to include designing, manufacturing, distributing, and retailing eyewear.

Del Vecchio’s strategic vision and relentless pursuit of excellence led to the acquisition of several iconic eyewear brands, including Ray-Ban and Oakley. Luxottica’s strong portfolio and retail partnerships propelled its global success, making it the world’s largest eyewear company.

Despite challenges and controversies, Del Vecchio’s resilience and commitment to innovation have allowed Luxottica to maintain its dominance in the eyewear industry.

Dolly Parton

She was the iconic country music singer-songwriter and actress who emerged from humble beginnings in rural Appalachia Sevier County, Tennessee. Parton grew up in a large, impoverished family.

Despite the challenging circumstances, she began singing and writing songs as a child, showcasing her innate musical abilities. At the age of 18, she moved to Nashville, Tennessee, to pursue her dreams in the country music industry.

Parton’s entrepreneurial journey took off when she signed with Monument Records in 1964. Her breakthrough came with the release of her song “Dumb Blonde” in 1967, which established her as a distinctive and talented artist. She released numerous chart-topping hits and gained a massive fan following. Beyond her music career, she opened Dollywood, a theme park in Pigeon Forge, Tennessee, which became a major tourist attraction in 1986. She also owns the Dollywood Foundation, which supports education initiatives.

Kenny Troutt

Kenny Troutt’s journey from the son of a bartender to becoming a multi-billionaire entrepreneur is a remarkable story of determination and success. Born into a modest family, Troutt embraced every opportunity to improve his circumstances and set out on a path of entrepreneurship.

In 1988, Troutt founded Excel Communications, a company that offered long-distance telephone services. He revolutionized the industry by introducing a multi-level marketing approach, allowing independent representatives to sell the services and earn commissions. This innovative strategy propelled Excel Communications to extraordinary heights.

His company grew rapidly, generating billions in revenue. With his newfound wealth, Troutt pursued his passion for horse racing. In 2018, his racehorse, Justify, achieved a historic victory by winning the Triple Crown—comprised of the Kentucky Derby, the Preakness Stakes, and the Belmont Stakes.

John Paul DeJoria

He was selling Christmas cards and newspapers to becoming a highly successful entrepreneur is a testament to his resilience and determination. Born on April 13, 1944, in Los Angeles, California, DeJoria faced significant financial hardships during his early years.

To help support his family, DeJoria took on odd jobs, including selling Christmas cards and newspapers. In 1980, along with his business partner Paul Mitchell, DeJoria co-founded John Paul Mitchell Systems, a hair care company.

They started with just $700 and a vision to create high-quality products for hair professionals. Their dedication, innovation, and commitment to the environment propelled the company’s success.

He went on to co-found Patron Spirits Company, which produces premium tequila, and several other successful ventures, including The House of Blues.

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