Tag: businessman

  • Top Online Business Ideas for Students Without Investment | Start a Zero Investment Business Today

    We live at a time when having the dream of being an entrepreneur is a good dream to have. The digital world has given us many opportunities which we can utilize and make our entrepreneurship dream come true. Sometimes starting early is a good thing. So, it is not something wrong to look for ideas of entrepreneurship when you are just a student.

    Students are filled with an enormous amount of energy and passion. If they get the right direction and motivation, then they can outperform themselves. A student just needs the right mold which shapes them into the right piece. Students look for business ideas as they want to start their businesses to earn quick bucks and experience which will later make them successful.

    We live in the technology era, where with one click you can earn thousands of dollars, but you require the right skill and knowledge. With the right method, you can earn your pocket money or you can even give some gifts to your parents. There are only two rules for a student to start their online business without investment. First, identify the talent that you want to sell and showcase to the world. Secondly, the right medium to showcase your talent to the world. There are numerous methods available to start a business online and a few of the leading and proven business ideas for students without investment which are listed below, have shown astonishing value creation. Starting a zero investment business for students is a great way to gain experience, earn money, and build skills without needing any capital.

    Students' Interest in Entrepreneurship, Dec22-Feb23
    Students’ Interest in Entrepreneurship, Dec22-Feb23

    Here are all those business ideas for students that requires zero investments.

    S.No Business Idea What You Do Skills Needed
    1 Become a YouTuber Create and upload engaging video content on a niche topic Video editing, public speaking, creativity
    2 Create a Group or Page on Social Media Build a community or page around shared interests Content creation, community management
    3 Online Seller Sell unused or handmade items on marketplaces Basic selling skills, product photography
    4 Start Blogging Write blogs on topics you love and earn via ads or affiliates Writing, SEO, niche expertise
    5 Self-Publisher Write and publish e-books or guides online Writing, formatting, marketing
    6 Be an Agent Connect service providers with customers and earn commissions Networking, negotiation
    7 Start a PR Agency Manage publicity for individuals or brands online Communication, writing, strategy
    8 Be a Freelancer Offer services like writing, design, or coding online Specific skill (e.g. writing, design, coding)
    9 Start Tutoring Teach academic or creative subjects to others Subject knowledge, communication
    10 Sell Your Arts Sell your paintings, crafts, or digital art Creativity, online selling
    11 Translation Services Translate content between languages Language fluency, attention to detail
    12 Transcription Services Convert audio or video into written text Typing speed, accuracy
    13 Affiliate Marketing Promote products and earn commissions on sales Digital marketing, content creation
    14 Dropshipping E-commerce Sell products without holding inventory Store setup, marketing
    15 Virtual Assistant Services Help clients with daily online tasks Organization, multitasking, communication
    16 Graphic Designer Design logos, posters, and online content Design software skills, creativity
    17 Pet Sitting Care for pets while owners are away Love for animals, responsibility

    Top Online Business Ideas for Students Without Investment | Start a Zero Investment Business Today
    Top Online Business Ideas for Students Without Investment | Start a Zero Investment Business Today

    Become a YouTuber

    Yes, posting an amazing video of your singing, acting, or dancing talent or making any quality content video on YouTube can generate plenty of opportunities. Posting videos on YouTube take zero investment but requires plenty of talent to create a viral video that has the potential to become the next sensation. But once you have the viral video content then the number of viewers will start to increase and then you have the opportunity to earn money by endorsing the brands. Many successful YouTubers are generating filthy money with quality content. Some are on an edge of becoming a celebrity and some are a millionaire.

    YouTube is a great platform to bring a particular niche front of the world. Three hundred hours of video are uploaded to YouTube every minute and almost 5 billion videos are watched on YouTube every single day. YouTube gets over 30 million visitors per day. So you can understand the power of being a Youtuber.

    Create a Group or Page on Social Media

    If you like to spend your time on social media and you have plenty of friends on social media, then don’t waste your valuable time on ideal chit-chat and start turning your fan following into a business opportunity. Create a group or page of your interest and add your friends to it and it will act as a golden chance to do brand promotions and advertisements. Creating a group or page allows you to use affiliate marketing as a tool to earn money from different online e-commerce websites.


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    Online Seller

    The easiest and simple way to earn money is by selling viral products on e-commerce websites, like eBay, Flipkart, Amazon, etc. If you have the talent for hunting good and in-demand products which are daily used by consumers then start selling your stuff online right now. Suppose, if you have the talent for creating personalized t-shirts, gifts, etc, then click the picture of your product and post it on the e-commerce website and if you are good at it then your products will be sold out within a few days.

    Moreover, selling online is hassle-free as many e-commerce giants provide sellers with an opportunity to collaborate with them and sell their products with ease. From inventory management to shipping products and product photoshoots, all the services are provided by the online shopping portal. This is one of the great potential online business ideas without investment in India for students to generate excellent income.

    Start Blogging

    Business Idea for Students Without Investment - Blogging
    Business Idea for Students Without Investment – Blogging

    If you have some piled-up thoughts inside you and you know the way to narrate them with correct words, then opt for the method of blogging instead of writing a diary. Publish some interesting stuff that you like and with which readers can connect. However, blogging is free on any platform, you will get brand proposals if you go for the paid domain and good hosting with a very professional interface and posting quality content. Blogs are a good source of income and the kind of best online business for students without investment.

    In the initial stage, it will take time to get traffic to your blog, but slowly and steadily you will see a remarkable response from it. Think of a particular niche in which you are good. Do some keyword research to see the correct volume of your audience then start publishing two articles daily. This will push your blog into Google’s search engine and traffic will increase. Moreover, after decent traffic, you can publish a sponsored post and can link a Google Ad-sense account to show advertisements on your blog. Advertisements on blogs are a great source of business. This is a win-win business idea for students that will enhance their learning and also create a significant position in society. Blogging is the online business without investment for students where they can earn well.

    Self-Publisher

    You can easily write a book and publish it online to earn regular royalty on your masterpiece. Self-publishing is a real thing now, and there is no age limit. If you have expertise in any area of writing, then write a few thousand words about it and package it into an eBook. If you can write, there is great potential for residual income here (the best kind), especially if you snowball with multiple books.

    Blogging and writing can be done simultaneously. An article that is a great source of information for all internet users can be converted into an e-book and can be featured on various online e-book platforms. You can even sell that e-book through your blog. This business idea is mostly adapted by upcoming writers. If you as a student want a wealthy career in writing then start with this idea today.


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    Be an Agent

    You can easily start a company and offer multiple services to people by being an agent. For example, start a babysitting agency online. Where you get in touch with the students who want to offer babysitting services and on other hand with the parents who regularly want babysitters. So, by this, you can earn a commission from both sides. It’s like an online placement agency, where you can earn quick cash by juggling your contacts. Not just babysitting you can even start with a brokerage for renting or selling out flats to potential buyers. On successful brokerage, you earn a handsome amount of money.

    Start a PR Agency

    You can start a PR agency, it’s not like you are going to deal with big media houses like big newspapers or TV Channels but you can easily partner with local news blogs or niche blogs (which include people with a huge following on social media) and find people who need publicity among a particular set of people. The process is simple:

    • You have to first find a client, it can be a shop in your locality, an online businessman in your contact, an event that is going to happen, and others.
    • Contact all the people who come to your mind. Ask them if they would be interested in the market of their product. Do not finalize the price on the spot.
    • Make a list of all the resources (Blogs, Instagram Page, etc.) to market their product, contact those people and ask if they can feature your content which will include a little promotion. They may ask you for money but you can also crack a barter deal by providing quality content for them.
    • Decide how much you want to take from your clients and make money. This is just one function of a PR Agency, you can take on a lot of projects from different clients who want to market their products. Once you have a good contact list of both, the bloggers and the clients, you can easily make a good strategy to make your business big.

    Be a Freelancer

    Homepage of one of the famous Freelancing websites
    Best Online Business Without Investment – Homepage of one of the famous Freelancing websites

    If you like to be your boss and want to work under your conditions, then be a freelancer and work as you want. There are numerous websites available where potential buyers advertised for freelancers and you can easily sign up for the job and earn some amazing money. There are websites for freelancers who can take work from numerous potential customers. These websites are easy to use and free to sign up for. No fees or charges are levied on undertaking any work.

    Some websites pay you on an hourly basis and some are on a contract basis. There is no restriction and no bar to earning and learning as much as you want. Becoming a freelancer is currently a profession that is chosen by many top entrepreneurs and conglomerates. However, this is the best and ideal business idea without investment for students who want to make a good living during their student life. Freelancing is best business for students without investment.

    Start Tutoring

    Online learning is a trend. You can earn well if you are good at tutoring. Students weak in their studies seek tutors. You can tutor them either online or offline at your convenience.

    You can help students with preparation classes for competitive exams. If you are good at programming, you can teach others by charging a certain fee. Tutoring is one of the most profitable online business with zero investment.

    Sell Your Arts

    You can use your creativity to come up with good Sketches and Paintings and sell them on Amazon, eBay, and other commercial websites. It will fetch you a good amount of money and will be a profitable business with zero investment.


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    Translation Services

    If you know two or more languages, you can help people and businesses by translating documents, emails, or live conversations. This is important because companies are growing and need to talk to people in different languages.

    All you need is a computer and good language skills. It’s a simple way for students to start a business with little to no money and a lot of opportunities. This can be one of the easiest and best online business ideas with zero investment.

    Transcription Services

    In this job, you listen to audio recordings and type what is said, turning speech into written text. It’s great for students because you only need a computer and good headphones, making it cheap and easy to start. You can work on your own schedule, which helps you balance your studies and get more done. Transcription services are mostly provided online and hence are considered as a profitable online business for students.

    Affiliate Marketing

    Business Idea for Students Without Investment - Affiliate Marketing
    Online Business Ideas Without Investment for Students – Affiliate Marketing

    Affiliate marketing is like being an online salesperson, but without the stress of a regular sales job. It’s a good business idea for students because it costs nothing to start and helps you make money while learning business skills.

    As a student, you can share links from companies to promote their products or services. When someone buys something through your link, you get paid a commission. The best part is you don’t have to make or store any products. This is one of the best online business from home without investment.

    Dropshipping E-commerce

    Zero Investment Business Ideas - Dropshipping E-Commerce
    Business Idea for Students Without Investment – Dropshipping E-Commerce

    Dropshipping lets you sell products online without keeping stock or dealing with shipping. When someone buys from your store, you just send the order to the supplier, and they deliver it to the customer. This is a low-risk way to start an online store with little money upfront. To do well in dropshipping, focus on choosing a specific type of product, finding trustworthy suppliers, and building an easy-to-use website to show your products.

    Virtual Assistant Services

    A virtual assistant helps clients with creative and technical tasks from home. It’s a good business idea for students with no money to invest, especially if you’re organized and have good communication skills. You can do things like manage emails, enter data, schedule appointments, and more, all from your computer while balancing your studies.


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    Graphic Designer

    In today’s visual world, businesses need strong and attractive designs to get noticed. A business with a weak visual identity may not attract customers. That’s where graphic designers come in. Graphic designing is a zero-investment business you can start from home. All you need is a laptop and design software. You don’t need a shop or a big team. With good skills, you can even work with top brands and earn well. You can help companies build their brand through great visuals like logos, websites, menus, posters, and more.

    For example, a new restaurant might need a logo, menu design, and a website to look professional and appealing. Even big companies are always looking for creative designers to promote their products.


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    Pet Sitting

    Business Idea for Students Without Investment - Pet Sitting
    Business Idea for Students Without Investment – Pet Sitting

    Pet sitting is a fun and easy business for animal lovers. Many busy people or families on vacation need someone to care for their pets. You can either walk dogs for an hour daily or look after pets for a few days or weeks while the owners are away. It’s a great way to earn money while spending time with animals, and it requires no investment to start.


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    Conclusion

    There are plenty of ways to earn money and still, you will have time for your studies. So, don’t waste your energy and talent, and start generating some money and creating a strong base for your prosperous future. Starting your own business is a great option, with some proper skills and techniques, you can use them for your good and make your journey of entrepreneurship worthwhile.

    FAQs

    How to start a business without Investment?

    • Start with Something You’re Passionate About. Passion alone can move mountains for you.
    • Research Your Market.
    • Set Financial Goals.
    • Make the Content Shareable.
    • Build a Following.
    • Launch Something You Can Sell.

    Which are the best business ideas for students without Investment?

    Here are top 10 online business without investment or some investment ideas for students with minimal and no investment in online businesses:

    • Blogging
    • Podcasting
    • Dropshipping
    • Freelance Writing
    • Launch An Online Course Or Membership Site
    • Ghost Writing
    • Virtual Assistant
    • Affiliate Marketing
    • Translation Services
    • Tutoring

    What made entrepreneurs successful?

    Passion, resourcefulness, willingness to improvise, listening to others, and strong determination to succeed are what makes an entrepreneur successful.

  • Top 30 Richest People in Dubai

    Dubai has come to be regarded as a global wealth-making place, hosting a rare amalgam of various strategic positions, visionary and risk-takers of decisions, and an upbeat economy. 

    The tax-haven status and free repatriation of all revenues attract foreign investments, whereas a glorious placement facilitates businesses to operate in over 3 billion markets. The Dubai International Financial Centre (DIFC) offers interstitial assurance to the financial services domain, while the initiatives in AI, Web3, and data analytics foster the necessary innovation. 

    The boom in the real estate sectors, courtesy of Expo 2020 advantages and sustainable development, is ripe with opportunities.

    Here is a list of the top 30 richest people in Dubai.

    1. Pavel Durov
    2. Mohammed Bin Rashid Al Maktoum
    3. Sunil Vaswani 
    4. M.A Yusuffali
    5. Joy Alukkas
    6. Hussain Sajwani
    7. Abdulla Bin Ahmad Al Ghurair
    8. Sunny Varkey
    9. Feroz Allana
    10. Ravi Pillai
    11. Abdulla Al Futtaim
    12. Shamsheer Vayalil
    13. Raghuvinder Kataria
    14. Saket Burman
    15. Philip Day
    16. Divyank Turakhia
    17. Mohammed Khalaf Al Habtoor
    18. Abdulla Al Naboodah
    19. Saeed Bin Butti Al Qebaisi
    20. Azad Moopen
    21. Micky Jagtiani
    22. Saif Al Ghurair
    23. B.R Shetty
    24. Vinod Shantilal Shah Adani
    25. Majid Al Futtaim
    26. Abdullah bin Ahmad Al Ghurair
    27. Thaksin Shinawatra
    28. Abdullah Al Futtaim
    29. Lubna Khalid Ali Qasimi
    30. Bernard Arnault

    Pavel Durov

    Name Pavel Durov
    Position Founder of Telegram
    Net Worth $17.1 billion
    Richest Person in Dubai - Pavel Durov
    Richest Person in Dubai – Pavel Durov

    Pavel Durov, who was born on 10th October 1984 in Russia, an IT entrepreneur, is a person known for founding Telegram. He moved the headquarters of Telegram to Dubai in 2017. He was ranked 120th on the billionaire’s list of Forbes in 2023, with a personal worth of $15.5 billion as of 25th August 2024, and is one of the richest man in Dubai.

    In February 2023, Arabian Business called him the most powerful entrepreneur in Dubai. Durov is a supporter of Internet freedom and uses his platform to speak against laws that impose restrictions. He has citizenship in Russia, Saint Kitts and Nevis, UAE, and France; since 2021. Durov has an impact around the world.

    Mohammed Bin Rashid Al Maktoum

    Name Sheikh Mohammed bin Rashid Al Maktoum
    Position UAE vice president and prime minister
    Net Worth $18 billion
    Richest Person in Dubai - Sheikh Mohammed bin Rashid Al Maktoum
    Richest Person in Dubai – Sheikh Mohammed bin Rashid Al Maktoum

    Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai, and currently the UAE vice president and prime minister, was born on July 15, 1949. He became the ruler of Dubai on January 4, 2006, following the death of his brother Sheikh Maktoum bin Rashid Al Maktoum; the next day, he was appointed vice president of the UAE and approved as prime minister on February 11 and is one of the top 10 richest person in Dubai.

    A billionaire deriving most of his fortune from real estate served mainly within the world of development. Given his blurred line of state and personal assets, his worth is said to be around $14 billion in 2025.

    Sunil Vaswani 

    Name Sunil Vaswani
    Position Chairman of Stallion Group
    Net Worth $1.6 billion
    Richest Person in Dubai - Sunil Vaswani
    Richest Person in Dubai – Sunil Vaswani

    Sunil Vaswani, who was born on July 11, 1963, in Jaipur, India, is one of the Nigerian billionaires of Indian origin. He is also the chairman of Stallion Group, a Dubai-based conglomerate with interests in roads, foods, steel, plastics, and petrochemicals. Stallion Group has grown under his leadership to include outlets in Asia, the United Arab Emirates, and Africa, as well as acting as a representative of international brands and industries such as rice milling and vehicle assembly. He lives in Emirates Hills in Dubai and is of dual nationality, holding both Nigerian and British citizenship. As of February 2025, Forbes estimated his worth at $7.48 billion.

    M.A Yusuffali

    Name M. A. Yusuff Ali
    Position Chairman of Lulu Group International
    Net Worth $5.8 billion
    Richest Person in Dubai - M. A. Yusuff Ali
    Richest Person in Dubai – M. A. Yusuff Ali

    M. A. Yusuff Ali, a businessman who was born on November 15, 1955, in Nattika, Kerala, is now an Indian billionaire and the chairman of Lulu Group International. He moved to Abu Dhabi in 1973 to turn his uncle’s distribution business into a multinational empire: his Lulu Group has over 250 hypermarkets and most malls in the Middle East, Asia, and Europe, making an annual turnover of $ 8.4 billion with the largest Indian diaspora workforce. 

    He was the top Indian businessman in the Arab region according to Forbes Middle East in 2018. By 2025, his net worth will be calculated at about $6.4 billion.

    Joy Alukkas

    Name Joy Alukkas
    Position Chairman Joyalukkas Group
    Net Worth $4.4 billion
    Richest Person in Dubai - Joy Alukkas
    Richest Person in Dubai – Joy Alukkas

    Joy Alukkas, born on September 4, 1956, in Thrissur, Kerala, is chairman of Joyalukkas Group, the largest jewel retail chain. Coming from a family background as a jeweler, he started the brand in the year 2001 and has expanded the brand to more than 160 showrooms in 11 countries. The Middle East remains a stronghold for the brand. His business prides itself before the court of customer service and quality production, while at the same time operating under Joyalukkas Exchange and Joyalukkas Lifestyle Developers. He is a great philanthropist involved in various social service initiatives. He stays in Dubai and keeps building new avenues. As of Feb 2025, Forbes estimated his net worth to be $4.4 billion, thereby making possible checks on him as a key figure in the global jewelry market.

    Hussain Sajwani

    Name Hussain Sajwani
    Position Founder DAMAC Properties
    Net Worth $5.1 billion
    Richest Person in Dubai - Hussain Sajwani
    Richest Person in Dubai – Hussain Sajwani

    Hussain Sajwani, a UAE born back in 1952 or 1953, is the brains of DAMAC Properties, the largest luxury real estate developer across the Middle East. Joining Abu Dhabi Gas Industries in 1981 as a finance officer, Sajwani saw entrepreneurship by launching Global Logistics Services, a catering company, in 1983. He founded DAMAC Properties in 2002 and developed around 27,400 homes under it. According to estimates in August 2024, Sajwani’s net worth is estimated at $5.1 billion. The company has formed partnerships with luxury brands such as Versace, Fendi, and Roberto Cavalli. In 2025, he and Donald Trump announced a $20 billion investment in U.S. data centers.

    Abdulla Bin Ahmad Al Ghurair

    Name Abdulla bin Ahmad Al-Ghurair
    Position Founder of Mashreqbank
    Net Worth $3.9 billion
    Richest Person in Dubai - Abdulla bin Ahmad Al-Ghurair
    Richest Person in Dubai – Abdulla bin Ahmad Al-Ghurair

    Born in or around 1930, Abdulla bin Ahmad Al-Ghurair is an Emirati billionaire who is the founder of Mashreqbank. Although he resigned as chairman in October 2019, he continues to be a board member. He also founded Oman Insurance in 1975, re-branded as Sukoon in 2022, while his construction company was pivotal in the development of Dubai Metro and for the external cladding of Burj Khalifa. Forbes’s real-time calculations on February 12, 2025, pegged his family’s valuation at $4.7 billion, while some report it as $4.9 billion. He has diversified sources of income, with a net worth increment of $911.59 million as of 2023.

    Sunny Varkey

    Name Sunny Varkey
    Position Founder and executive chairman of GEMS Education
    Net Worth $3.8 billion
    Richest Person in Dubai - Sunny Varkey
    Richest Person in Dubai – Sunny Varkey

    Sunny Varkey, born April 9, 1957, in Kerala, India) is a Dubai-based entrepreneur and philanthropist. He is the founder and executive chairman of GEMS Education, the largest private K-12 school operator in the world. He was raised by teacher parents who moved to Dubai in 1959; after spending some time in banking, trading, and health care, he began to develop his family school. The formal establishment of GEMS Education was in 2000, offering varying curricula with a worldwide scope. He is also the chairman of the Varkey Group and has established the Varkey Foundation for improving education across the globe. As of February 2025, his estimated net worth is $4 billion.

    Feroz Allana

    Name Feroz Allana
    Position Founder of the Allana Group
    Net Worth $4.3 billion
    Richest Person in Dubai - Feroz Allana
    Richest Person in Dubai – Feroz Allana

    Feroz Allana is a UAE businessman active since 1975, and he is one of the founders of the Allana Group; the IFFCO Group mammoth conglomerate based in the UAE professing business in consumer products the other. Under his stewardship, IFFCO burgeoned into 38 factories located in 37 countries, producing over $7 billion a year with a workforce of more than 12,500 employees; its products touch consumers in 101 countries across the world. His estimated net worth as of November 2024 is about $4.3 billion, making him one of the foremost business personalities in the UAE.

    Ravi Pillai

    Name Ravi Pillai
    Position Founder and chairman of RP Group
    Net Worth $4.3 billion
    Richest Person in Dubai - Ravi Pillai
    Richest Person in Dubai – Ravi Pillai

    B. Ravi Pillai was born in the year 1953 on the second day of September. An Indian businessman per se, now residing in Dubai, and the founder and chairman of RP Group, the transnational corporate giant that spans businesses from construction, hospitality, steel, and cement to oil and gas. He started up an engineering contracting firm in the Kerala state but later shifted to Saudi Arabia to make a home in 1978 after a labor strike.

    There, he founded Nasser S. Al Hajri Corporation (NSH) which thereafter became the flagship of RP Group. As of 2023, Forbes calculated his net worth at $3.5 billion, pegging him as one of the top business personalities in the Middle East.

    Abdulla Al Futtaim

    Name Abdulla Al Futtaim
    Position Founder of Al-Futtaim Group
    Net Worth $2.6 billion
    Richest Person in Dubai - Abdulla Al Futtaim
    Richest Person in Dubai – Abdulla Al Futtaim

    Abdulla Al Futtaim is an Emirati billionaire businessman, investor, and philanthropist who owns Al-Futtaim Group, a diverse conglomerate engaged in automotive, retail, real estate, financial services, and healthcare. His businesses also include Al-Futtaim Motors, the exclusive distributor of Toyota, Lexus, and Hino in UAE, and the association with Al-Futtaim Trading, Real Estate and Retail arms. In 2000, the Al-Futtaim family separated business interests with Abdulla running the automotive and retail while his late cousin Majid Al Futtaim was given the property development area. Forbes assesses the billionaire’s case to be worth $2.9 billion in February 2025.

    Shamsheer Vayalil

    Name Shamsheer Vayalil Parambath
    Position Founder and chairman of Burjeel Holdings
    Net Worth $2.1 billion
    Richest Person in Dubai - Shamsheer Vayalil Parambath
    Richest Person in Dubai – Shamsheer Vayalil Parambath

    Shamsheer Vayalil Parambath, a radiologist and businessman, was born on January 11, 1977. He is the founder and chairman of Burjeel Holdings, one of the leading healthcare providers in the Middle East. Through his family office, VPS Healthcare, he manages a wide-ranging investment portfolio that includes Burjeel Holdings, RPM, LifePharma, Lakeshore Hospital, Ziva, Keita, and Educare Institute. He is also the vice-chairman and Geschäftsführer of Amanat Holdings.

    Vayalil began his career as a radiologist at Sheikh Khalifa Medical City in Abu Dhabi. In 2007 he opened his first hospital, the LLH Hospital, in Abu Dhabi. In the following twelve years, his company VPS Healthcare would inaugurate 20 hospitals in three countries. Currently, there are over 23 medical centers run by VPS Healthcare, with almost 13,000 employees across the Middle East. Vayalil’s net worth stands at $2.6 billion as of 2023 making him one of the richest man in Dubai.

    Raghuvinder Kataria

    Name Raghuvinder Kataria
    Position Chairperson of Kataria Holdings
    Net worth $ 2.1 billion
    Dubai Richest Man - Raghuvinder Kataria
    Richest Person in Dubai – Raghuvinder Kataria

    Raghuvinder Kataria, a British billionaire businessman born in April 1949 in Jinja, Uganda, has a major interest in telecommunications and real estate. At 16, he moved to London, where he became a chartered accountant and began his career with International Computers Limited (ICL) before assuming the role of European treasurer. He set up Jasmine Telecom in Thailand, which merged with Bharti Enterprises, and received a load of money for a minority stake in Bharti Airtel for approximately $500 million. Apart from being chairperson of Kataria Holdings, based in Dubai, he manages investments focusing on infrastructure and financial services. Forbes reports a net worth of $2.1 billion in February 2025. 

    Saket Burman

    Name Saket Burman
    Position Vice-chairman of Dabur
    Net worth $ 1.4 billion
    Richest Person in Dubai - Saket Burman
    Richest Person in Dubai – Saket Burman

    Saket Burman, the British billionaire businessman, was born in either 1976 or 1977; he is the vice-chairman of Dabur Ltd., a top-end consumer goods company. Upon the death of his father Sidharth Burman in 2015, he inherited a 12.4 percent stake in Dabur. After completing a bachelor’s degree in marketing and finance from the University of Wisconsin-Madison, he rose to senior management positions in the company. He is also a director of Dabur International Ltd., based in Dubai. He leads an international life, having residences in Dubai, London, and Delhi. In 2025, Forbes estimated his net worth to be $1.5 billion, mostly from his stake in Dabur.

    Philip Day

    Name Philip Day
    Position Chairman – Edinburgh Woollen Mill
    Net worth $ 1.2 billion
    Dubai Richest Man - Philip Day
    Richest People in Dubai – Philip Day

    Philip Day is a billionaire businessman from the United Kingdom, born in October 1965, who resides in Dubai and serves as the owner and chief executive officer of The Edinburgh Woollen Mill Group, which includes Peacocks and Bonmarché. He began his career at Coats Viyella and later became Joint Managing Director of Aquascutum. He joined The Edinburgh Woollen Mill in 2001 and led the buyout of that company in 2002. Under his management, the acquisitions of other companies such as Ponden Mill, Rosebys, and Jaeger were carried out by Edinburgh Woollen Mill. Known for turning around ailing retail chains, he bought Peacocks in 2012. Forbes estimates that his net worth is $1.2 billion as of February 2025.

    Divyank Turakhia

    Name Divyank Turakhia
    Position Co-founder of Directi
    Net worth $ 1.8 billion
    Richest People in Dubai - Divyank Turakhia
    Richest People in Dubai – Divyank Turakhia

    Divyank Turakhia, one of the billionaires in Dubai was born on January 29, 1982. He is an entrepreneur and investor of Indian origin, working extensively in technology and advertising. At 18, he co-founded Directi with brother Bhavin, who later founded multiple successful ventures, including Media.net, sold in 2016 for $900 million—one of the largest-ever ad-tech deals. Dubbed one of the youngest billionaires, he loves learning, flying, and scuba diving and splits his time between Dubai, Los Angeles, London, and San Francisco. According to Forbes, he has a projected net worth of $1.8 billion as of February 2025, signifying his imprint on the tech sector as an innovative entrepreneur and vision-driven investor.

    Mohammed Khalaf Al Habtoor

    Name Mohammed Khalaf Al Habtoor
    Position Chairman and CEO of Al Habtoor Group
    Net worth $ 1.5 billion
    Richest People in Dubai - Mohammed Khalaf Al Habtoor
    Richest People in Dubai – Mohammed Khalaf Al Habtoor

    Mohammed Khalaf Al Habtoor, one of the billionaires in Dubai was born on September 30, 1968. He is Vice Chairman and CEO of Al Habtoor Group, one of the leading Emirati conglomerates involved in hospitality, automotive, real estate, and education. Son of the founder Khalaf Al Habtoor, Mohammed Khalaf received a degree in Hotel and Restaurant Management and played a crucial role in almost all major developments in Dubai, including Al Habtoor City and Waldorf Astoria Dubai Palm Jumeirah. Based out of Dubai, he deals with a myriad of activities involving all the different business ventures of the group as well as their philanthropic undertakings. Forbes estimates their worth at $1.5 billion as of February 2025, which underscores his influence within the UAE corporate landscape.

    Abdulla Al Naboodah

    Name Abdullah Al Naboodah
    Position Chairman of the Saied and Mohammed Al Naboodah Group
    Net worth $ 1.5 billion
    Richest People in Dubai - Abdullah Al Naboodah
    Richest People in Dubai – Abdullah Al Naboodah

    Abdullah Al Naboodah is an eminent Emirati businessman and chairman of the Saied and Mohammed Al Naboodah Group, a major Dubai-based conglomerate having diverse interests in realms including construction, real estate, automotive, and investment. Starting humbly as a management trainee in 1978, he grew and led the group through major developments and into involvement with big projects throughout the UAE. Besides his industrial ventures, he has made tremendous contributions to sports in the UAE, serving since 2010 as the chairman of Al Ahli Club and Al Ahli Football Company. Forbes estimates that in February 2025, he had a net worth of $1.5 billion and he is one of the richest men in Dubai.

    Saeed Bin Butti Al Qebaisi

    Name Abdullah Al Naboodah
    Position Chairman of the Saied and Mohammed Al Naboodah Group
    Net worth $ 1.5 billion
    Dubai Richest Man - Saeed Bin Butti Al Qebaisi
    Richest People in Dubai – Saeed Bin Butti Al Qebaisi

    Saeed Bin Butti Al Qebaisi is a famous Emirati businessman and chairman of Centurion Investments, a private equity firm in Abu Dhabi. With a diverse range of interests spanning healthcare, money exchange, and retail, he has been director of the boards of NMC Health Plc and Tasameem Real Estate Co. LLC. His leadership has helped many sectors of growth in the UAE. Based out of Abu Dhabi, he constantly oversees his investments and businesses. Forbes estimates his net worth at $1.2 billion in February 2025, establishing him as a highly influential person on the Emirati business scene.

    Azad Moopen

    Name Azad Moopen
    Position Founder of Aster DM Healthcare
    Net worth $ 1.1 billion
    Richest People in Dubai - Azad Moopen
    Richest People in Dubai – Azad Moopen

    Azad Moopen, born on July 28, 1953, hails from Kalpakanchery, Kerala, India. He is a prominent healthcare entrepreneur and is behind Aster DM Healthcare. After being a medical lecturer, he traveled to Dubai in 1987 to establish Aster DM Healthcare, the country that now runs over 697 hospitals, clinics, and pharmacies in seven countries. Through the Aster DM Foundation, Moopen is known for being dedicated to affordable and high-quality healthcare and various philanthropic initiatives. The Padma Shri Award was given to him in 2011 as a recognition of his accomplishments. As of February 2025, he has an estimated net worth of 1.1 billion USD, according to Forbes, and resides in Dubai.

    Micky Jagtiani

    Name Micky Jagtiani
    Position Chairman of Landmark Group
    Net Worth $3 billion
    Dubai Richest Man - Micky Jagtiani 
    Richest People in Dubai – Micky Jagtiani 

    Mukesh Wadhumal Jagtiani aka Micky Jagtiani is one of the top billionaire businessmen in Dubai. He was born in India and has an established UAE based business. He is the owner and chairman of Landmark Group, based in Dubai.

    Micky Jagtiani is known for its remarkable Landmark retail stores. His business provides livelihood to more than 45000 people. There are more than 1000 stores of Landmark Group across the Middle East, Persian Gulf region and India.

    Saif Al Ghurair

    Name Saif Al Ghurair
    Position Al Ghurair Group
    Net Worth $1.7 billion
    Richest People in Dubai - Saif Al Ghurair
    Richest People in Dubai – Saif Al Ghurair

    Saif Al Ghurair is the chairman and head of the largest manufacturing and real estate companies in the Emirate, The Al Ghurair Group.

    He is known for his tremendous investments that always bring profitable results. He has received his prosperity and wealth by investing in Mashreq, which is known as the oldest private bank in the United Arab Emirates.

    B.R Shetty

    Name B.R Shetty
    Position Chairman, NMC Health and Finablr
    Net Worth $3.15 billion
    Richest People in Dubai - B.R Shetty
    Richest People in Dubai – B.R Shetty

    Bavaguthu Raghuram Shetty, one of the billionaires in Dubai is the founder, and acquirer of the United Arab Emirates companies accommodating Abu-Dhabi-based NMC Health, BRS Ventures, Neopharma, and Finablr. B.R. Shetty is an Indian-born businessman who is counted among the top businessmen in Dubai. Also, ranked as the 42nd richest person in 2020.

    B.R. Shetty began his career with his interest in hospitals and hospitality. He then expanded into the financial services, advertising, pharmaceuticals, information technology, and retail business.


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    Vinod Shantilal Shah Adani

    Name Vinod Shantilal Shah Adani
    Position Chairman of Adani Group
    Net Worth $8.9 billion
    Richest People in Dubai - Vinod Shantilal Shah Adani
    Richest People in Dubai – Vinod Shantilal Shah Adani

    The Indian businessman and head of Adani Group of Industries, Vinod Shantilal Shah Adani is the director of Trident Trade and Investment Private Ltd, Radiant Trade and Investment Private Ltd, Adani Power Pte Ltd, Venture Trade and Investment Private Ltd, Pride Trade and Investment Private Ltd, Adani Power (Overseas) Limited, Adani Global Limited, Adani Global FZE, Adani Enterprises Ltd, and Adani Bunkering Pte. Ltd.

    Vinod Shantilal Shah Adani is the elder brother of Gautam Adani. Since 2016, the Adani Group has kept lowkey from the media reports because of the major issue of the offshore entities in the Panama Papers.


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    Majid Al Futtaim

    Name Majid Al Futtaim
    Position Chairman, Majid Al Futtaim Holding (MAF)
    Net Worth $6.1 billion
    Dubai Richest Person - Majid Al Futtaim
    Richest People in Dubai – Majid Al Futtaim

    The richest-ranked person in Dubai, Majid Al Futtaim is the chairman of the Majid Al Futtaim Holding (MAF), the entertainment and retail conglomerate. It originated in 1992 and soon grew into one of the largest companies in the UAE. Today, it includes more than 120 stores around North Africa, the Central Asia region, and the Middle East.

    Majid Al Futtaim Holdings’ turnover is around US$8.8 billion in revenue and made a profit in 2017 of up to US$600 million. It owns the exclusive rights to manage the franchises of All Saints, Carrefour, Abercrombie & Fitch, and Lululemon Athletica.

    Abdullah bin Ahmad Al Ghurair

    Name Abdullah bin Ahmad Al Ghurair
    Position Chairman, Mashreqbank
    Net Worth $4.9 billion
    Richest People in Dubai - Abdullah bin Ahmad Al Ghurair
    Richest People in Dubai – Abdullah bin Ahmad Al Ghurair

    Abdullah bin Ahmad Al Ghurair is the founder of one of the leading banks in the United Arab Emirates, Mashreqbank. His wealth can be easily estimated by the standard of the bank. He acts as the chairman meanwhile his son, Abdul Aziz holds the position of CEO.

    Moreover, Abdullah bin Ahmad Al Ghurair holds many eponymous companies and mammoth corporations with an interest of real estate and food construction.


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    Thaksin Shinawatra

    Name Thaksin Shinawatra
    Position Founder, Advanced Info Services and Shin Corporation
    Net Worth $1.8 billion
    Dubai Richest Person - Thaksin Shinawatra
    Richest People in Dubai – Thaksin Shinawatra

    Thaksin Shinawatra is a Thai businessman who is also a well-known politician and visiting professor. He served Thai in the Department of Thai Police for 14 years (1973-1987). Then he was elected as the Prime Minister of Thailand for 5 years (2001-2006). But, with the abundance of power, in 2008 he was found guilty of corruption. That’s why now he is living in self-exile.

    Thaksin Shinawatra is the founder of Advanced Info Service which is a mobile phone operator company and the Shin Corporation which is an IT and telecommunications alliance-based company. This made him on the list of the richest people in Thailand.

    Abdullah Al Futtaim

    Name Abdullah Al Futtaim
    Position Al-Futtaim Group
    Net Worth $2.1 billion
    Richest People in Dubai - Abdullah Al Futtaim
    Richest People in Dubai – Abdullah Al Futtaim

    The Emirati billionaire who is the fellow cousin of Majid Al Futtaim and owner of the Al-Futtaim Group, Abdullah Al Futtaim is counted as one of the richest men in Dubai.

    Abdullah Al Futtaim owns the nationality of Emirati with a net worth of 2.1 US billion dollars. He specialized in the field of retail and real estate, and operations in the automotive industry. Abdullah Al Futtaim is the CEO of Al-Futtaim Private Company LLC.

    Lubna Khalid Ali Qasimi

    Name Lubna Khalid Ali Qasimi
    Position Leader, Emirati Party and Member of Sharjah
    Net Worth $1-5 billion
    Richest People in Dubai - Lubna Khalid Ali Qasimi
    Richest People in Dubai – Lubna Khalid Ali Qasimi

    The Emirati Politician and member of the ruling family of Sharjah, Lubna Khalid Ali Qasimi is one of the most powerful women in the world. Previously, she has served as the Minister of State for Tolerance, Minister of Economics and Planning of the United Arab Emirates, and Minister of State for International Cooperation. Lubna Khalid Ali Qasimi is the first woman ever to serve as a minister in the United Arab Emirates.

    She has graduated from the California State University, Chico with a bachelor’s in Computer Science. She completed her Executive MBA from the American University of Sharjah.

    In the listing of 2017 by Forbes, Lubna Khalid Ali Qasimi is the 36th most popular woman in the world. She won the ITP Best Personal Achievement Award in 2000. Moreover, she was honored as the Dame Commander of the Most Excellent Order of the British Empire in the year 2013.

    Bernard Arnault

    Name Bernard Arnault
    Position Chairman – LVMH and Christian Dior SE
    Net Worth $192 billion
    Bernard Jean Étienne Arnault
    Bernard Arnault

    Bernard Jean Étienne Arnault, the French Billionaire businessman, investor and art collector, is the chief executive and chairman of LVMB Moët Hennessy – Louis Vuitton SE which is the largest luxury goods company around the world.

    Bernard Arnault is counted among the top billionaires in the UAE. According to Forbes, Bernard Arnault is the wealthiest man in the world. His estimated net worth is around US$192 billion.

    Conclusion

    Dubai is one of the most popular cities in the world and one of the major cities of the United Arab Emirates (UAE). The city has one of the highest percentages of people with top-notch wealth. Most of the billionaires of Dubai are listed as the top billionaires of the world. Dubai is the largest city in the UAE which is known as the hub of business and culture. Dubai is the home to tons of famous and rich, wealthy people in the world.

    Dubai is a very busy port thronging with billionaires. Businessmen and women from different professions like information technology, real estate, retail, and healthcare are paying a visit now and then to Dubai. Here is Pavel Durov, founder of Telegram, 2025, who stood with a net worth of $15.5 billion. Wealth is derailed and sways with market changes. The durability of the structure good location and friendliness combined are the ones that made this city never parched for high network people. 

    FAQs

    Who is the richest person in Dubai?

    Dubai billionaires own some of the most luxurious properties and businesses in the world. Pavel Durov is the richest man in the UAE and the youngest self-made billionaire in the region in 2021. He was named the richest UAE resident in 2021 by Forbes magazine with a wealth of $17.2 billion.

    Who is the richest woman in Dubai?

    Huda Kattan is known as the richest woman in Dubai. She is an American makeup artist, beauty blogger, and entrepreneur and is also the founder of the cosmetics line Huda Beauty.

    Who is Dubai’s richest kid?

    Rashid Belhassa is the richest kid in Dubai.

    Who are the top 10 richest people in Dubai?

    Here are the top 10 richest people in Dubai:

    • Sunny Varkey
    • Micket Jagtiani
    • M.A Yusuff Ali
    • Modhammed Khalaf Al Habtoo
    • Saif Al Ghurair
    • B.R Shetty
    • Shamsheer Vayalil
    • Saket Burman
    • Philip Day
    • Divyan Turakhia

    What are the best businesses in Dubai for Indians?

    Some of the best businesses in Dubai for Indians are associated with:

    • E-Commerce
    • Healthcare
    • Construction
    • Beauty
    • Travel and Tourism
    • Real Estate Agency
    • Handyman Business
    • Consultancy Service

    Is Dubai the richest city in the world?

    Dubai is one of the richest cities in the world, however, Abu Dhabi, the capital of UAE is the richest city in the world.

  • Celebrities Who Are Businessman Too | Celebrities Entrepreneurs

    Most of your favourite celebrities may have their own business empires and be successful business tycoons, and you are completely unaware of it. Many celebrities attempt their hand at various enterprises; while not all of them succeed, some do, demonstrating that some celebrities are capable of managing both their dazzling celebrity lifestyles and their businesses.

    Celebrities frequently start their own businesses, which is comparatively easy for them because they have a large fan base and people who idolise them buy or invest in their businesses solely to support their favourite celebrity. Despite the fact that some celebrities stick to acting, many others try their hand at business.

    In this article we are going to look at some celebrities who have their own businesses and are well known businessmen.

    1. Jay-Z
    2. Serena Williams
    3. Kim Kardashian
    4. Rihanna
    5. Drew Barrymore
    6. Ryan Reynolds
    7. Dr Dre
    8. Shah Rukh Khan

    Jay-Z

    Businesses – ROC Nation, Tidal, Armand de Brignac Champagne, D’Usse cognac

    Jay-Z is a successful business mogul since he has always made large investments and owns a huge number of successful enterprises. In 2008, Jay-Z founded his own entertainment company, Roc Nation. He also purchased the streaming company Tidal in 2015 for 56 million USD. And the company was later valued at 600 million USD. He also has some stakes in a company named Armand de Brignac Champagne. The stakes are estimated at around 50 million USD. In 2019, the rapper became the first ever hip-hop artist to become a billionaire.

    Serena Williams

    Businesses – Serena Ventures, Serena Clothing Line

    Serena Williams has entered the business world after garnering millions of fans with her outstanding tennis skills and agility. She is presently the owner of two enterprises. Serena founded Serena Ventures in 2014, a venture capital organisation that gives investment to a variety of entrepreneurs and assists them in their various industries. The company’s market capitalization is estimated to be around $12 billion. She also runs a clothing brand that includes a variety of outfits, outerwear, accessories, dresses, and other items.

    Kim Kardashian

    Businesses – Kim Kardashian: Hollywood, KKW Fragrance, KKW Beauty, Skims

    Kim Kardashian is a multi-millionaire with a slew of enterprises to manage. She owns a mobile game, a cosmetics company, a fragrance company, and a shapewear line. All of these things combined can be exhausting to manage, but she does it graciously. In 2017, the reality star launched her makeup company, which has lots of customers and makes a lot of money. She also launched her KKW Fragrance in 2017, which was sold out within days after its launch. This shows how many loyal customers her brand has. She also has a shapewear brand in 2019, which also sold out in a few minutes.


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    Rihanna

    Businesses – Fenty Beauty, Savage X Fenty lingerie, Fenty clothing line, Fenty Skin

    Rihana is one of the most well-known celebrities in the world. Her fans all around the world adore her. Fenty Beauty, her makeup line, was where she began her entrepreneurial career. The brand, which debuted in 2017, generated a lot of discussion and accolades for its inclusion, thanks to its large shade selection. Because the company caters to all genders and skin tones, it has earned the respect of all makeup enthusiasts. She also has her own skin-care brand, Fenty Skin. Rihanna also owns her own Savage X Fenty lingerie collection and a high-end clothing line.

    Drew Barrymore

    Businesses – Flower Films, Flower Beauty, Flower Eyewear, Flower Home

    Drew Barrymore is a well-known actress who has worked in the film industry since she was a child. Flower Films, her own entertainment firm, was founded by her in 1995. She also has her own cosmetics line, Flower Beauty, that includes makeup, fragrances, and other beauty products. Drew also has an eyewear line called Flower Eyewear, which is an affordable brand that sells various styles of glasses for under $100. She also grew her company by selling home goods under the Flower Home name.

    Ryan Reynolds

    Businesses – Aviation Gin, Mint Mobile, Maximum Effort

    Ryan Reynolds is a true genius in both acting and business. He has three businesses that he is now managing. He owns stock in Aviation Gin, his favourite gin, and occasionally promotes it. In 2019, he also purchased Mint Mobile, a relatively new tech firm. He enjoys investing in startups, and the company grew rapidly once Reynolds took over as its new owner. Ryan also advertises all of his enterprises through his advertising agency. Ryan runs his own advertising firm, Maximum Effort. The firm has designed numerous advertising campaigns and values hard effort and stringent deadlines.


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    Dr Dre

    Businesses – Aftermath Records, Beats by Dre, Beats Music

    One of the most successful artists of all time, Dr Dre is also a business tycoon. Dre founded Aftermath Records in 1998, which helped launch many now-famous artists such as Eminem, 50 Cent, G-Unit, and The Game. Dre collaborated with Jimmy Lovine in 2006 and launched Beats Electronics, which sells headphones and other audio devices. Later in 2013, Apple bought Beats for $3 billion USD, and as a part of the contract, Dre also got an executive role at Apple. Beats also had a music streaming platform called Beats Music, but it stopped accepting new subscriptions and was discontinued completely in 2015 due to the launch of Apple Music.

    Shah Rukh Khan

    Businesses – Red Chillies Entertainment, Kolkata Knight Riders, KidZania

    Shah Rukh Khan is a well-known superstar who has starred in a number of excellent movies. In addition to acting, Shah Rukh Khan is a successful businessman. In 2002, Khan and his wife Gauri founded Red Chillies Entertainment, a producing company. Since then, the firm has released a number of films. The company also features a visual effects studio that has worked on a number of well-known films, including Ra.One, Krrish 3, Zero, and others. With his pal Juhi Chawala, he also owns a cricket team. The “Kolkata Knight Riders,” a team in the Indian Premier League, has a large following. Shah Rukh Khan also holds a 27 % in an international company that provides entertainment for families and children.

    Conclusion

    Most celebrities who get into business do so because of their fame and the money they can put in their company. Many of them become extremely successful, and their enterprises become their primary source of revenue. Many of your favourite celebrities may have businesses that you are unaware of. Being a celebrity businessman has its benefits since your fan following becomes your customer base, and they promote your company because they want their favourite star to succeed.

    FAQs

    How many brands does SRK endorse?

    SRK endorses around 40 brands.

    Does Apple own Beats by Dre?

    Apple bought Beats by Dre for 3 billion USD.

    How much is skims net worth?

    According to Forbes, the Skim’s net worth is 3.2 billion USD.

    Which celebrity is an entrepreneur?

    Some of the top Celebrities who are an entrepreneur too are:

    • Jay-Z
    • Serena Williams
    • Kim Kardashian
    • Rihanna
    • Drew Barrymore
    • Ryan Reynolds
    • Dr Dre
    • Shah Rukh Khan
  • How To Sell Your Business? Steps To Follow For Selling Your Business- A Guide

    Inaugurating a business by capitalizing a hefty amount in it, is a tantamount predicament task to auctioning it off to someone you either know or not. Selling a business is not an easy decision made by an entrepreneur, because that business conserved as revenue in his life.

    On the other hand, retailing any ilk of businesses depends on the nature and size of the business, whether it is a small or large corporation. Moreover, people won’t acquire any business without seeing a benefit in it. Everything comes at a price.

    For instance, in a small business, buyers won’t see many benefactors in it as it is small-scale production and won’t exist for long-term growth. Meanwhile, if you peddle a large business, the very first thing a buyer looks for is- Long-term revenue and growth. So, ascertain the value of your business with the help of nature & size.

    You can’t give away your business to someone’s hands without analyzing what comes next, like quotes ‘Think before you Act’; Sketch your future plan with the money you’re gonna get from selling your business.

    Here are the things an entrepreneur or a businessman should definitely know before selling the business.

    Steps To Sell Your Business
    Step 1. Self Evaluate
    Step 2. Know your Value
    Step 3. Know the Opportunity Cost
    Step 4. Strategically Fix the Pricing
    Step 5. Know your Buyers
    Step 6. Target Multiple Buyers bidding
    Step 7. Draft Agreement
    Conclusion
    FAQ

    How to sell your business?

    Steps To Sell Your Business

    Things to know before selling your business
    Things to know before selling your business

    Selling off your business without any second thoughts will drive you to someplace either in a propitious or unpropitious future. Because you have done the diligence in growing your business which made your life better as well as contributed profuse services to people by gaining goodwill from it. But what if you have sold it to any wrong hands, this will bring a bad repute to you shortly.

    So, Think twice before auctioning your business. If you are vacillating about selling your business, then don’t do it. Only if you are uncertain in monetary terms or challenging to manage your business, then you can look to market your business to someone who could do it efficaciously.


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    Step 1. Self Evaluate

    Self evaluate before selling your business
    Self evaluate before selling your business

    Self-evaluation is the first step that must be done when you think about selling your Business. What is the reason behind such a big step? There must be a clear-cut answer, which is acceptable by the buyers. Without a valid and clear reason, nobody is going to buy a business.

    So before selling a business, you must have a well-structured strategy with the help of specialized personnel to avoid any mistakes you may make.

    Why Self Evaluation?

    Self Evaluation must give you the answer for the following:

    • Why am I selling my business?

    You must have a point-by-point reason for this big decision at the starting stage itself, which makes it easy for you to stick to a particular area without getting confused at the later stages while communicating with the buyer. This may create a bad impact on the business. The reason also influences the buyers and their decision on the price.

    • Your decision for selling is solely based on profit value?

    If you are in need of money and that is the reason behind the idea of selling, never make a hurry. That will only cause loss for your business sale. Just look for the perfect time and buyer with whom you feel comfortable selling your business.

    • What is your future plan?

    Are you selling the business completely or do you want to remain as a partner or investor in your business? Think and make a clear decision about your association with the business in the future. Buyers must also be given the perfect answer about your vision on this.

    • Business is free of liabilities?

    Business must be free of any liabilities, having which it will be a black mark, which will make an impact on the sales and price for sure. All existing liabilities, including personal, materialistic, money should be cleared even before making your decision to sell the business to the public.

    • Are all the papers clear?

    Make sure that you have clear, complete, and well-structured documentation about the business. All vital records, including financial, marketing, business, and professional, must be included here. These documents make an impact on the buyer, let it be professional and profit documents.

    What’s your next act?

    It is cited that preparation is the sole key to success, so start prepping in advance in case you don’t want to lose a great opportunity in the near future. Always, compute your next step, because that is gonna manifest your position in the future.

    These questions may pop up in your mind while selling your business: ‘What am gonna do after the business is bought? Will it be good for me and profitable in the future? Get ready to answer all these questions before giving away your only source of revenue. Therefore, plan subsequently to your list and set an alternative solution like- finance in some property and get revenue from it or become a partner in a company.

    Well, the ending is the new beginning, you have to make up your mind in selling your business after analyzing what’s your next step.

    Step 2. Know your Value

    Selling your business is the decision you took that may have a numerous reason behind. But before getting into the sales, after evaluating your business, you have to know your value and you have to be clear about what you are looking into. This includes the following criteria:

    • It is best to evaluate your business first before going to a broker and discussing it because nobody knows your business as you do.
    • Estimate your business, including the incomes, taxes, earnings, profits, etc.
    • Know the market and market price.

    Your assets and your earnings are more known to you. Try to get the best out of it when you decide to sell it.

    Know your Stable status before Selling off

    Check out whether you have sufficient money to pay off the expense or meet any other requirement for the future. Selling off your business may credit a large amount of money in your account, but will it be enough? Will it be adequate to survive till my last days? To sell your business in case you want to earn any profit out of it, start a new business or sell it if you are financially unstable to satisfy obligations.

    Estimate the Value of your Business

    Goodwill is the brand name, which you have earned in the locality of your business. Buyers will definitely pay a tremendous price when your business has a good reputation in the market and automatically accelerates demand. So, fix the purchase price according to the value of your business.

    Step 3. Know the Opportunity Cost

    Before selling your business, estimate the approx opportunity cost you will get in that. Generally, opportunity cost is the best alternative when a thing is foregone. You have to estimate the value you’re gonna get when you market off the business, ask yourself whether the opportunity cost of your business will be profitable or not? If not, what is the intention of selling it? And if yes, then how much are you gonna be helpful and what are you gonna do with it?


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    Step 4. Strategically Fix the Pricing

    You don’t know the other side excepted acquiring price of your business. If you fix a higher price than the expected one, then the buyer won’t be amenable to acquire the business. So, determine the expected price of your buyer, then bargain for the price you want to sell your business.

    Step 5. Know your Buyers

    Being a business person, you may already know the trend and the top people in the industry. Professional reasons may be there behind the acquisition of your business. Always try to get the best buyer who believes in investing the worth you put for your company.

    Instead of offering negotiable amounts to the buyers, wait for the right one when you get an intuition that the person is perfect to run your business after you.

    Step 6. Target Multiple Buyers bidding

    Don’t propose for one particular buyer, target various buyers and see how many of them (potential buyers) are inclined to invest money in the range that you have set for your business. Besides, this will augment your company outlook in terms of profitability as well as increase demand for your business in the market.


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    Step 7. Draft Agreement

    Draft the final agreement properly
    Draft the final agreement properly

    The business, which you have strengthened for years in good terms should be given to the right hands. If you have ceded your business in good hands, then the long-term growth of reputation is guaranteed for you in the near future.

    Unlike, in case the business is rendered to wicked hands, then such a reputation which you have amassed for years before selling it would go trivial. So before trading your business, determine the potential of the buyers in sustaining the business credible.

    While drafting a sale agreement, make sure the presence of a lawyer or someone who has pretty much knowledge about the agreement and drafting. Don’t miss out on anything because you could end up paying later. The agreement must be acceptable to both parties and any disputes must be settled before signing the agreement to avoid further confusion in the future. Some of the must-have agreements are:

    • Asset listings
    • Bill of Sale
    • Security agreement
    • Purchase agreement

    The agreements must have the following details, which must be verified at the earliest.

    • Buyer and Seller Details
    • The detailed specification of the property
    • Terms of Payment
    • Terms and conditions

    So are you ready to sell your business? Just take it as simple as it is. You know your business and its internal and external happenings. Make everything clear to the lawyer and the broker or any mediator if there is any. They will help you in drafting the perfect agreement.

    Finding the potential buyer is the main aim and may take time. Be patient and wait for the one whom you think is eligible to take over your business. Time and price may not be in your hand. You will have to wait until you get satisfied.

    If you find growth in your company after the decision of selling, let it be. Your profit will only increase with a company with great profit. More buyers will get attracted to your business and you will notice a hike in the estimated purchase value.

    When a buyer gets interested in your business, they first send an IOI i.e. Indication of Interest. This is a document with their proposed terms and conditions and other details. This document is the primary thing based on which the owner decides whether to move forward with that particular buyer or not. After the IOI, the LOI or Letter of Intent is given to the buyer which includes the terms and data about the company, to give the buyer a complete picture of the business, which helps them to make a decision i.e. whether to move forward with the purchase of a business or not.  The next document is the purchase agreement that contains detailed data about financial and legal terms and conditions. This is the final document to be presented during the sale.

    Conclusion

    Well, like said above, starting and selling a business requires a lot of time and effort. The thought of selling a business befalls when you face a financial crisis to meet business requirements and when you want to sell the business in order to start something new in the future.

    The amount you receive in selling your business highly depends on the value of your business – Goodwill. On the other hand, finding a potential buyer who is promised to maintain your business on good terms after surrendering it to the buyer. Therefore; Keep in mind, work in progress to result well in a long-term process, if you are planning to sell off your business in the future at a higher price.

    FAQ

    What is the rule of thumb for valuing a business?

    The common rule of thumb for valuing a business is to calculate your percentage of the annual sales, or  the last 12 months of sales/revenues.

    Do I have to pay tax if I sell my business?

    Yes, you may have to pay tax if you sell your business.

    What to do before you sell your business?

    Few things you should know before selling your business is to estimate the value of your business, target multiple buyers bidding and Don’t fix the purchase price too high.

  • Why is Anil Agarwal not giving his business to his family but the society? | How is he doing it?

    Vedanta Resources is a global diversified company that is involved in mining. It has its headquarters located in London, England and is the largest mining company in India. The company was founded by Anil Agarwal who is the current Chairman of the company.

    He has a net worth of USD 3.5 billion and is among the 24th richest men in India. He had recently announced that the company will be institutionalized and won’t be giving his business to his family. In this article let’s look at the further details about it.

    Anil Agarwal – Latest News
    Reason Why Anil Agarwal is not giving his Business to his Family
    How is Anil Agarwal doing it?
    Anil Agarwal on India
    Anil Agarwal on Women Entrepreneurship in India
    FAQ

    Anil Agarwal – Latest News

    The Chairman of Vedanta Resources, Anil Agarwal has conveyed on 26 June 2021 that the company will be institutionalized no matter what and it will not go to his family. He added that the company cannot be run in a defensive mode.

    The family itself is an institution according to him and he conveyed that in the future if the family is capable enough to run the company then it is a different thing. It was conveyed during a webinar on Vedanta of Business that was organized by the FICCI Ladies Organization which is a women business wing of the apex body of FICCI.

    Reason Why Anil Agarwal is not giving his Business to his Family

    One of the major reasons the NRI Anil Agarwal and his family has stated is aiming to give back to the society from where he has got it all. He and his family have decided to give away 75 % of their wealth for the good of the society.

    Anil Agarwal has stated that it is important to give back what we earn for the greater good of the society and community programmes that work towards the eradication of poverty, child welfare and women empowerment.

    Vedanta Revenue from Operations
    Vedanta Revenue from Operations

    How is Anil Agarwal doing it?

    Anil Agarwal has stated that he would provide 75 % to the society and the rest 25% would be given to his family. He also stated that the 25% will be enough for the family. The pledge of 75 % is estimated to be around USD 2.6 billion which is about INR 15.900 crores.

    He stated that the company is the largest producer of oil in India and the largest producer of zinc and silver. He added that he would institutionalize the company at any cost.

    Anil Agarwal on India

    Anil Agarwal while speaking about India conveyed that India is a land of entrepreneurship with the advantage of location, young talent, natural resources, and sea on all the three sides. He also added that the country is moving towards an economy that is self reliant.

    He added that the world never wanted India to grow and always looked at it as a market. But at present, the process of being self-reliant has grown over time and the youth of the country have come up with various startups and ideas and are taking the country to greater heights.

    Anil Agarwal on Women Entrepreneurship in India

    Speaking of women entrepreneurship in the country he added that India has the largest deposit of gold, oil and minerals and stated that it is high time that we explore them and added that the young and women entrepreneurs are supposed to do it.

    Worldwide around 44% of the women are entrepreneurs and in India, it is just 20% of the women are into entrepreneurship. It is considered as the time for the women to come up as they can deliver as well as convince people.

    Conclusion

    India will have to eradicate poverty and create more jobs, which all the countries have done by exploring their natural resources and the current policy of India is expected to bring in a lot more investments because there are opportunities in the country and the government has created a likely environment.

    FAQ

    What is the net worth of Anil Agarwal?

    The Net worth of Anil Agarwal is 430 crores USD.

    What is the revenue of Vedanta?

    The revenue of Vedanta is ₹183,622.00 crore (US$26 billion). Its operations span across India, South Africa, Namibia, Ireland, and Australia.

    Is Vedanta an Indian company?

    Vedanta Limited is the Indian subsidiary of London listed Vedanta Resources Plc and Its operations span across India, South Africa, Namibia, Ireland, and Australia.

  • How to Keep Business and Personal Expenses Separate

    Financial record keeping is absolutely paramount irrespective of the size of the business. Typically, most newer businesses will have trouble keeping and maintaining accurate financial records. Self-employed and freelance work can be even trickier. This can quickly become an issue when it comes time to report taxes for the quarter or year. One major challenge that comes with smaller businesses is the separation of personal and business expenses. Business expenses can oftentimes be written off at tax time, and there are several free tax tools that can help with that. One of the easiest ways to keep expenses separated is to open a bank account separate from your personal account for accurate reporting of business expenses.

    According to a survey, 82% of business fails due to poor cash-flow management. Business can grow well without technical hitches. Are you experiencing challenges in terms of keeping proper financial records? Here are some basic points that you need to consider How to keep Business and Personal Expenses Separate.

    Keep Separate Accounts
    Separate Personal and Business Receipts
    Acquire business credit card
    Establish a Business Budget
    Notify Family on Business Status
    Understand Business Expenses
    Separate Home and Office Matters
    Keep Record of Business Items Usage
    Seek a Professional Financial Advice
    Pay Yourself Worth Salary

    Keep Separate Accounts

    Personal and business accounts are two separate things. Each of them has got its own expenses. Separating accounts means you can measure each one’s independence. Reconciliation is easy by reviewing bank statements. Filing of taxes becomes a simple task.

    Separate Personal and Business Receipts

    It is definite that in both business and personal business, transactions will be made. It is important to sort and keep expenditure receipts separate. Financial accounting becomes very easy. When it is time for auditing your business, auditors will not bother with personal receipts. Priority will be given to business receipts hence saving time.

    Acquire business credit card

    Business Credit Card
    Business Credit Card

    Credit cards are very convenient. They keep you safe from carrying a lot of cash which is a security threat, especially to third world countries. Record keeping becomes efficient. Tracking of expenses is done by use of statements. Some credit cards give a summary of transactions yearly, therefore, saving time when filing returns. Withdrawal is done anytime when you are in need of urgent cash. They offer protection when purchasing. Credit card companies are ready and willing to take up disputes on your behalf. Enjoy low-interest rates and money is controlled effectively.

    Establish a Business Budget

    Always learn to stay within the limit. Never chuck money out of business aimlessly that you are sure you would be able to return. This situation can be avoided.  The shortfall of a business do occur and most of the time you get yourself surfacing using the personal money. Budgets ideally should be developed based on earnings of the current business.

    Notify Family on Business Status

    We stay with people that depend on us in so many ways. Therefore, finances both personal and business involve quite a number of people. Make sure you are at par with family members and speak the same language at all times as far as finance is concerned.

    Understand Business Expenses

    Understand Business Expenses
    Understand Business Expenses

    It is important to understand operating expenses of a business. This includes costs of insurance, business supplies, rates for the taxes, costs for rent, and costs for repairs. It is prohibited to take out money from a business for things like food and family entertainment. It doesn’t matter how you keep good records for this but this doesn’t count at all.

    Separate Home and Office Matters

    Home and office are two separate things. Even if you have created an office in your home, it does not warranty you to use business funds to cater to house utility bills. Costs can be shared between both lines.

    Keep Record of Business Items Usage

    Sometimes due to limited resources, we cannot afford to have separate resources for each. There are times that we are forced to use personal things to run business errands. The Proper log should be kept to track on the expenditure and share the relevant cost.

    Seek a Professional Financial Advice

    Financial Advice - Audit Report
    Financial Advice – Audit Report

    It does not mean we are stupid when we don’t understand some issues around us. Open up to a financial professional the moment you realize some areas are not okay. This is their area of the profession and is assured they will come up with a workable system to fix your issues.

    Pay Yourself Worth Salary

    Demands for life are many but we should not take out of business what we don’t deserve. The business will operate at a loss. It is easy to keep the proper budget for both personal and business expenditure hence proper financial accounting records.

    Conclusion

    Let us remain disciplined when operating a business. Maintaining proper records help business to run smoothly. Cash flow projection and statements are also put in an orderly manner for easy tracking. Hopefully, above ideas will help you to keep your business and personal expenses separate. Share this article with your friends and comment your thoughts.


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    FAQs

    How to Keep Business and Personal Expenses Separate?

    Open a separate bank account and a credit/debit card for that account and it should be solely used for business expenses. Same goes with your personal account and plastic cards, that they should not be used for carrying out business expenses.

    Why is it important to separate personal and business finances?

    A significant reason to keep all personal and business finances and expenses separate are for tax and tax deductions.

    How to separate business and personal expenses?

    • Obtain an EIN
    • Incorporate your business
    • Open a business bank account
    • Apply for a business credit card
    • Pay yourself a salary
    • Separate receipts
    • Understand the difference between personal and business expenses
    • Educate other members of your business

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  • Everything you need to know about WhatsApp Business

    WhatsApp Business, a sequel to the WhatsApp Messenger App /Software which incorporates basic sales, marketing, and business tools for small, medium, and large scale firms, was given a warm welcome to the world of telemarketing in recent times and has since converted from being just a simple, supplementary software to a majorly used app in itself. Here is everything you should know about the Whatsapp Business App which you may … or may not have heard of.

    The WhatsApp Business has successfully introduced a virtual location for businesses as it simultaneously acts as a stall, a shop, a customer care agent, and lots more. It is important to note, though, that the self-marketing attribute leveraged to make the awareness and engagement of this App a huge success is one out of the five things you need to know about WhatsApp business which you, probably, never knew before now. Are you eager? Let’s move.

    As a Virtual Service Center

    Virtual Service Center
    Virtual Service Center

    Consider this platform as your virtual service center where customers or clients would get a first-hand, top-notch kind of attention as they would at any of your physical outlets. A formal tone of communication, a remarkably reduced employment of smileys and emojis except you intend to make emphasis on appreciating a patronage or make similar reactions.


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    As a Catalogue

    The CATALOGUE feature is your best bet for displaying your available goods to every contact on your list. You can save a considerable amount of data by uploading and re-uploading pictures and customer reviews on your status timeline.

    While you may need to constantly refer your clients to your catalog to check out their preferences, it helps them to make their choices and decisions without the littlest of pressure from you, the vendor which may or may not account for an after-remorse later on.

    As a Reception

    The AWAY/GREETING MESSAGE is meant to make your clients comfortable chatting with you while you are away but as sweet as you would want your welcome note to be, it would be sweeter to make it as precise as possible!

    This message should do three major things which are to Welcome your recipient, give a tagline about your brand and call them to state their aim of reaching you. An example could be,

    ‘Thank you for reaching out to the home of edibles 100% fresh from farm. Please let us know how we can help you’         ‌

    As a Labelling System

    The LABEL feature is a virtual assistance tool that helps you keep a track on your clients as it, the tool, classifies them on the basis of the payment status with you. This will help a great deal to identify your clients from each other even on the run whenever you fail to relate with whatever name their contacts are saved as on your device. It happens to everybody.

    Labeling_StartupTalky

    The labels help you to organize your customers into the following  classes:

    • New customers
    • New orders
    • Pending payments
    • Paid orders
    • Completed orders        

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    As much as we tend to keep personal records and tracks on our clients in the case of a physical outlet, this feature greatly helps in satisfying this need by employing different colors of tags which you will get used to and will be able to define at first glance overtime regardless of how confusing it may seem at the beginning of your journey on Business Whatsapp.

    As a Privacy Check For Your Business

    You can now have your private conversations separated from the business talks by installing both the Whatsapp Business App and the Whatsapp Messenger App on the same device but with linkage to different phone numbers. At your discretion, make the business contact public and the other private; this will help you maintain your privacy especially if you are the kind of person that would never think of joking with yours!

  • How Rockefeller built his trillion-dollar oil empires

    How many wealthiest Businessmen or tech giants are living today? There are plenty of them who have worked their path through to the billionaire. But the only name topping the chart died almost a century ago. The businessman who continues to rank as one of the richest men in modern times built a trillion-dollar oil empire. This is the story of John Davidson Rockefeller(1839-1937).

    He is still one of the great figures of Wall Street, reviled as a villain, applauded as an innovator, but universally recognized as one of the most powerful men in history.  

    Early Stage of Rockefeller

    John was a smart individual since childhood. He got his hands into a lot of tasks, including raising turkeys and doing chores for neighbors, to make any money for his survival.


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    He received an unusually good education for his time till the age of 16 and then found a job as an assistant bookkeeper at a company called Hewitt & Tuttle, but he left that position in order to form a business partnership with oil driller Maurice Clark, that would later become Rockefeller, Andrews & Flagler, a company that focused on oil refineries rather than drilling.

    Frustrated with the low wage rate at the Bookstore, he decided not to invest his more time into the job and get some higher paying work. He then managed to secure a loan and started selling food products, such as grain and meat.

    The business boomed and John made some serious money. He was far from a millionaire though, but he didn’t do too bad for an inexperienced teenager. He was only 18, but the banks, impressed with his commercial acumen, were ready to loan him more money.

    Standard Oil

    In 1865, Rockefeller had borrowed some money to buy some of his partners and take control of the refinery. Over the course of the next few years, he acquired new partners and expanded his business in the growing oil industry. In 1870, Rockefeller formed the Standard Oil Company of Ohio, along with his younger brother, and a group of other men. John Rockefeller was himself the president and largest shareholder.

    Standard Oil Company
    Standard Oil Company

    Rockefeller’s Oil Monopoly

    In 1859, the first oil well in the United States was discovered. And so there began the oil rush and rise in demand. A lot of passionate entrepreneurs, including Rockefeller, rolled up their sleeves and prepared to grab their slice of the pie.

    When a bunch of determined, ruthless, pioneering entrepreneurs see an opportunity, they don’t show any mercy to their competitors. These people are relentless and won’t settle for anything but the first spot.


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    John Rockefeller not only sold refined crude oil but he also squeezed profits from byproducts like paraffin wax, tar, and naphtha. He didn’t buy wooden barrels from other businesses, he bought a forest and used his own wood to produce barrels to store oil.

    The revenue kept coming and Rockefeller made all the small competitors surrender to his authority. Rockefeller incorporated his company as the Standard Oil Company in 1870.

    But there was one thing that was still bothering him. There were four more competitors left and Rockefeller, who was raised in a crowded household and earned 50 cents a day, wasn’t a big fan of sharing.

    Rockefeller’s Standard Oil gained a state of monopoly in the oil industry by buying rival refineries and developing companies for distributing and marketing its products around the globe. In 1882, various companies were combined into the Standard Oil Trust, which would control some 90% of the nation’s refineries and pipelines.

    By 1890, his company, Standard Oil, was gaining major profits, which he used to buy out competitors. While Rockefeller’s offers were usually readily accepted, he had ways of persuading holdouts.

    He bought up all the oil barrels to cause a shortage that crippled smaller companies. Orchestrating price wars between wholly-owned subsidiaries, forcing holdouts to sell at losses. Also, Secretly bribing legislators.

    Limiting the number of trains available for shipment by leveraging his close relationship with the railroad companies. Purchasing all of the equipment and the equipment suppliers, then refusing to sell replacement parts to holdouts.


    Rockefeller’s Journey to Trillion Dollar Empire

    Standard Oil Trust

    After his failure to reorganize the rail industry, Rockefeller decided to restructure his sprawling empire. He and his partners innovated a first of its kind trust, where they swapped their individual holdings for shares in the trust. Rockefeller now wielded centralized control and veto power on all of the corporate boards within his conglomerate. The immediate benefits included even lower costs, lower kerosene prices, and standardization across the industry. Rockefeller’s company now had the assets and wealth to build pipelines and other infrastructure, on a scale that was previously unthinkable.


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    Standard Oil also employed chemists who developed ways of increasing the types and quality of combustible fuels and created methods of converting waste into usable substances. The petroleum coming out of the ground was being refined into various products, such as diesel fuel, varnish, and hair gel. As the new products became cheaper to produce, the company increased its global economy of scale.

    Standard Oil had its hands in many ancillary industries, such as iron, copper, steel and coal, but it also grew its presence in more unexpected areas, such as general stores. Rockefeller wisely forced shops to carry his products alone, where he was able to draw on the empire’s war chest to slash prices, thereby driving non-compliant shop owners out of business. Standard Oil likewise bought up newspapers to promote its version of events. It also owned its own boats, railroad cars, and warehouses, while manufacturing its own sulfuric acid.

    Rockefeller’s later life

    After retiring in 1896, Rockefeller channeled his energies towards philanthropic deeds, donating millions of dollars in the latter years of his life. With his son’s help, he created the Rockefeller Foundation, to carry on his work after he died. His business practices and charities have nonetheless benefited millions of people.