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The Post Chronicle


Original
Published: Sep 17, 2008
John Paul DeJoria And Bill Gates Hit Top 10 Richest On Forbes List
by Mitch Marconi

John Paul DeJoria finally hit the top ten of the most wealthiest people in the past year in America according to Forbes. A true story of rags to billionare net worth.

John Paul DeJoria according to Wikipedia, "is famous as a former homeless man who went on to become a multi-millionaire businessman. DeJoria was born in Los Angeles and graduated high school in 1962, next joining the Navy, which assigned him to the USS Hornet. After leaving the military, he became homeless and lived in his car with his son. When his son was two, he went to public daycare. John Paul would collect soda cans, making $2.00 a day, enough for them to eat. Eventually, his fate changed course when he was offered an entry-level marketing position with Time magazine. It didn't take long before he became the Los Angeles circulation manager. Then in 1971, he knew he'd met his calling when he accepted a position at Redken Laboratories, the leading professional hair salon product company in the U.S. at the time, on a starting salary of only $650 a month. However the real turning point came when Dejoria met up with his stylist friend Paul Mitchell and came up with the idea of starting John Paul Mitchell Systems. When they first started off they only had borrowed about $700 dollars ($747.00 to be exact.) At this time again Dejoria became homeless and would go from beauty salon to beauty salon to sell his products, while living in the backseat of his car. Today Dejoria enjoys a stream of success through his various business ventures. The first and main one is John Paul Mitchell systems founded in 1980 which have revenues according to reports of 1 billion dollars a year. Also The Patron Spirits Company also exceeds more than a billion dollars in revenue."

A nutty and amazing story indeed. The Forbes rich list went as followed:

The top 10 are:
1. Bill Gates
2. Warren Buffett
3. Lawrence Ellison
4. Jim Walton
5. S. Robson Walton
6. Alice Walton
7. Christy Walton & family
8. Michael Bloomberg
9. Charles Koch
10. David Koch

Bill Gates was once again first with $57 billion to his name, and is still the richest man in America.

Accordint to Forbes.com, "Newcomers to this year’s list include fertilizer tycoon Alexander Rovt, car dealer and art collector Norman Braman, Patrón tequila founder John Paul DeJoria and Mark Zuckerberg, the 24-year-old founder of social networking site Facebook, who has an estimated net worth of $1.5 billion."

Doesn't a story like this make you feel...well...poor? (c) tPC

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