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Billionaire college dropouts!

August 20, 2008

There are many college and school dropouts who have amassed a huge amount wealth. But good education is never a waste of time, because there are millions of dropouts, but only a few of them go on to become billionaires.

The billionaire college dropouts list shows that a combination of qualities like vision, determination, hard work, business acumen, ability to spot an opportunity and turn it into a winning venture, leadership and motivational skills, etc is more important than a college degree.

Here are some college dropouts who went on to become billionaires. . .

Dhirubhai Ambani

Dhirajlal Hirachand Ambani (1932-2002) was born into a modest family of a schoolteacher. When he was 16, he dropped out of school and went to Aden to work as a gas-station attendant and then later as a clerk in an oil company.

He returned to India 10 years later and started a business with a meagre capital. By the time of his demise, his company -- Reliance Industries Ltd -- had grown into a mammoth business empire! He was one of India's greatest ever entrepreneurs.

Dhirubhai is credited with having single-handedly breathed life into the Indian stock markets and bringing in thousands of investors to the bourses. In the process he became one of the world's richest men.

His modern way of thinking brought into play his second achievement: the idea that Indian manufacturing could and should be world class.

His sons, Mukesh and Anil are among the top 10 richest persons in the world, each of them worth over $40 billion.

Image: Dhirubhai Ambani, founder chairman of Reliance Industries, acknowledges the applause of the shareholders on June 13, 2000 at RIL's annual general meeting in Mumbai. | Photograph: Sebastian D'Souza/AFP/Getty Images

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