6 stories of people who became millionaires after 45
We round up the people who hit the jackpot late in life. This proves that everybody has a chance. In fact, the average age of business founders hovers around 40. We hope these 6 stories will inspire you.
It doesn't matter how young or old you are. Check out these 6 millionaires who didn't get rich until midlife or beyond.
#1 Harland Sanders, 66
- His company went on to become the world's largest fast-food chicken chain, Kentucky Fried Chicken — KFC
- Beginning at an early age, he held down numerous jobs, including farmer, streetcar conductor, railroad fireman and insurance salesman
- At age 40, Sanders opened a restaurant where his Kentucky fried chickens became so popular
- Sanders devoted himself to franchising his business and traveled across the country, striking deals that paid him a nickel for every chicken the restaurant sold
- KFC was acquired in October 1986 by PepsiCo, Inc., for approximately $840 million
#2 Wally Blume, 57
- In 1995, in his mid-50s, Wally Blume started his own ice cream company, Denali Flavors
- He spent almost 20 years in the dairy business
- Today, the famous Moose Tracks flavor alone brings in $80 million a year alone through licensing agreements
#3 Julia Child, 49
- Julia Child was a popular TV chef and the author of the best-selling cookbook “Mastering the Art of French Cooking”
- Before she became famous, Julia worked as a typist and file clerk
- She moved to Paris because of her husband’s job and attended the world-famous Cordon Bleu cooking school
- In 1993, she was rewarded for her work when she became the first woman inducted into the Culinary Institute Hall of Fame
#4 Ray Kroc, 52
- Ray Kroc expanded McDonald’s from a local chain to the world’s most profitable restaurant franchise operation
- Before that he used to sell paper cups and milkshake machines
- He created a strict guideline and ensured that McDonald’s food would look and taste the same across franchises
- His personal fortune was estimated at $500 million
#5 Henry Ford, 45
- Henry Ford was one of America's foremost industrialists who revolutionized production of the automobile
- At age 13, he was already able to fix pocket watches
- When Ford was 38, he was awarded with his first patent for a carburetor.
- Henry Ford had an estimated net worth of $200 billion
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