Ken Langone
According to Forbes data, Ken Langone is one of the four founders of Home Depot who became a billionaire. Ken Langone, an 82 year old grandfather, has assets of US $ 4.6 billion. All Langone's wealth started from a simple life. Launching CNBC, Thursday (9/24/2020), Langone grew up on Long Island, New York. His parents lived a simple life depending only on a minimum salary.
Having limited financial resources makes Langone have to do a lot of work. But that actually made him a skilled person and a perspective which he then utilized to become successful as an entrepreneur.
Said Ken Langone's grandfather to CNBC. I started working when I was 11 or 12 years old. One of the first things I did was sell some Christmas wreaths. And also collect cartons because I know it's worth the money.
After that, when he was 14 or 15 years old Langone started working as a newspaper deliveryman or newspaper deliveryman. He also worked at a butcher shop, became a golf caddy, and even worked as a lawn mower. And then I started working in construction at the ages of 16 and 17, "recalls grandfather Ken Langone ...
Langone's motivation is to live his life, which continues to work from one job to another is actually very simple. Langone just wants to have money which of course he can't get from his parents. From there he is willing to do the hard work.
I really want to make money! Since my father was a plumber, my mother worked in the school canteen. Not much money. My parents live paycheck to paycheck. We have a nice little house, it's warm in winter and hot in summer because there is no air conditioning. We have lots of good food. But I decided that I wanted to have money, and I was willing to work, and I was willing to work hard, "said the multi-billionaire.
The experience of the work ethic over the years pays off. He started to make money. "I always feel good when I have money in my pocket. I feel a certain sense of independence and accomplishment," Langone said.
The money he gets from working is partly saved and partly spent to fulfill his desires. Starting from going to the movies to buying fashionable clothes that are more trendy. While working in a butcher shop, he would bring meat home for his family and have his expenses deducted from his salary.
Apart from developing his work ethic, Langone admits that he can learn to read people in his work experience, especially when he was a golf caddy.
When you're a caddy and you carry a guy's bag, it's amazing. When they hit a bad hit most certainly don't blame you. But some people even blamed the caddy. Though the caddy had nothing to do with the bad hit said, "Langone.
So I learned from the start to try to judge people, watch their behavior, listen to the way they talk. And that will really help me in the future, when a lot of what I do depends on my judgment on other people, "he added.
Part of his success, Langone would have to thank his mother. He himself went to school only up to seventh grade, but his mother wanted his son to get an education beyond that. As a child, Langone used to go to his grandparents for lunch on Sunday afternoons. To get to the Port Washington where they lived, the family had to drive from their poor neighborhood through the part of town where the rich gathered.
We used to drive through the rich (people) section called Roslyn Estates. And every Sunday as we drive through Roslyn's farm, my mother almost instinctively says, 'Would you like to live here someday, Kenneth?' I said, 'Yes, mother, I will'. He said, 'Well, if you want to live here someday, you have to work hard, you have to get an education,' recalls the multi-billionaire.
From these words, Langone continues to work hard. According to him to be successful you need to learn as much as you can and work hard.
Langone graduated from Bucknell University and earned an MBA from New York University's Stern School of Business. After graduating Langone worked on Wall Street and as a financier and entrepreneur before joining Bernie Marcus, Arthur Blank and Pat Farrah to launch Home Depot.
According to information, the first Home Depot store opened in May 1979 in Atlanta. Despite the slow start, the founders couldn't afford enough merchandise to fill the shop. So they have to fill shelves with empty boxes to give the illusion that their merchandise is full.
It didn't take long for Home Depot to become successful. The home appliance store chain went public in 1981. Today, there are more than 2,200 Home Depot stores worldwide and a Home Depot market capitalization of over US $ 230 billion.
Link Youtube ; https://youtu.be/qvEmgAsCQ_I
This is the information regarding the inspirational story of Ken Langone, this 82-year-old grandfather has US $ 4.6 billion in assets. I hope this information is helpful.
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