Common characteristics of billionaires

2009-10-12 23:04:38 (GMT) (WiredPRNews.com - Business, News)

A Forbes analysis shows commonalities among the country

A recent Forbes study examined common traits among some of the country’s most notable billionaires.

USA (WiredPRNews.com) – A recent Forbes analysis on some of the country’s most notable billionaires revealed some common characteristics that many of them share. As reported by Forbes.com, many tycoons on the Forbes 400 had parents who were engineers, accountants, and worked in other professions that call for a high math aptitude.

Other shared reported traits include a high percentage of finance tycoons receiving graduate school degrees, with an estimated 70 percent of those who have obtained M.B.A.s having attended the Ivy League schools Harvard, the Wharton School of Business at the University of Pennsylvania, or Columbia University. Also, many experienced significant setbacks early on. Pharmaceutical tycoon R.J. Kirk is quoted in the report as having stated of his first business failure, “Failure early on is a necessary condition for success, though not a sufficient one.”

More information about the analysis may be found by visiting http://finance.yahoo.com/career-work/article/107927/a-recipe-for-riches.html?mod=career-leadership.

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