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8 All-Star Entrepreneurs Who Didn't Bother With A Master's Degree

Posted: 12/28/11 06:15 AM ET

Believe it or not, it is possible to get filthy rich without spending half of your life in school. And you don't have to be on a chest-baring reality show to do it. These wildly successful people did it, all without setting foot in grad school. Many of them never even earned an undergraduate degree. If you've got enough brains, you're willing to take risks, and you're just a tad cocky, consider following in their footsteps before you shell out hundreds of thousands of dollars for that pretty piece of paper.

Here are 8 all-star entrepreneurs who didn't bother with a Master's degree:

Bill Gates
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William Henry Gates III was a promising junior at Harvard University when he dropped out in 1973 to begin the Microsoft Corporation. That's right folks, he doesn't have a Masters degree OR a college degree, and he's widely considered one of the smartest and most successful men of the century. To top it all off, he and his wife run and contribute to numerous philanthropic organizations, and encourage their fellow billionaire business colleagues to do the same. While he's technically no longer the richest man in the world, he is number one still in the United States, and that's all without a college diploma or Masters Degree.

 

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IndependentRule
Re-Elect NO ONE
01:55 PM on 01/25/2012
Entrepreneurs, like leaders, are BORN not made.
IndependentRule
Re-Elect NO ONE
01:46 PM on 01/25/2012
A formal education is like music. You can learn to read and recreate someone elses work and be very successful. Or you can just create music without an education and be that person whose music everyone else learns to read. Many people get degrees for the sake of the degree which has no practical application. I would rather hire a HS kid with 4 years of work experience than someone with a degree in "the classics" and no real self supportive work experience.
IndependentRule
Re-Elect NO ONE
01:42 PM on 01/25/2012
People DO...Major educational backgrounds are not relevant to doers.....teachers teach those who work for those who do....or cannot do themselves. My father quit HS at 16 and started 3 successful businesses after leaving a Union job in his late 20's and worked until he died at 78 because he LOVED working and making money. Was no millionaire. not even close but was the happiest man I ever knew.
05:27 PM on 01/06/2012
what about Donald Trump, does he have any degrees ?? http://t.co/apFERCyQ
05:06 PM on 01/03/2012
Most MBA's will never get to the corner executive suite, let alone start their own companies
IndependentRule
Re-Elect NO ONE
01:42 PM on 01/25/2012
The feel entitled because of a piece of paper.
10:56 PM on 12/29/2011
Any formal education would not be effective if it is not applied judiciously in practice.
Of course, no education may ever be able to teach the trait of risk-taking.
However, there are instances galore of many businessmen who have done equally well even as they are 'highly qualified'
That makes out a case for qualities required for starting-up a new business, and managing it 'successfully'. These qualities can be ingrained or acquired. Education is the source of light that can make things clearly visible, but if you still want to collide, can it be helped?
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The other mike
08:42 PM on 12/29/2011
People who are patient enough and willing to put up with the BS it takes to get an MBA are not entrepreneurs. They are corporate guys, who by nature are risk-averse number crunchers and team players. True entrepreneurs are risk-takers with a passion for what they do, and willing to go it alone, even when other think they are crazy. Entrepreneurs eventually need corporate types when their business grows big enough, but don't get the two confused.
06:23 PM on 12/29/2011
now that his competitor is dead.... ummmm never mind - we miss you Steve
11:17 AM on 12/29/2011
The truth is that more education actually hurts your opportunity for tremendous wealth. The purpose of education is to provide a conformity of thought in a particular discipline. Yet, it is the non-conformist with breakout ideas that change the future and can be greatly rewarded for it.
01:09 AM on 12/29/2011
Why do we Americans evaluate education solely on the projected job/wealth opportunities? There is so much more value to education than the salary you will make when you graduate.
05:16 PM on 01/03/2012
Ah, but in many cases, MBA's feel entitled to the top jobs and arrogantly make that known, but they will never get there. There's no room, and they don't have what it takes. Corporations end up bulging with back-stabbing, middle-management MBA's.

Not to worry there's hope for them: most are not lawyers.
IndependentRule
Re-Elect NO ONE
01:48 PM on 01/25/2012
And that would be? Filling out an unemployment application correctly and speaking well to the government worker who could not care less. Go to school to learn something of value that can be translated into dollars and sense.
08:48 PM on 12/28/2011
Education does not necessarily mean you will be successful. It certainly does not hurt though.
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Barbarian At The Gate
Fortune favors the bold.
08:00 PM on 12/28/2011
Kevin Rose is the only person I wasn't aware of. I have heard of Digg on the Internet. Now I can put a face and name to the business model.
06:50 PM on 12/28/2011
A couple caveats (that I know of):

In the case of Bill Gates, it helped that his dad was a multimillionaire venture capitalist who saw a good thing at backed it to the hilt. In the case of Paul Allen, it helped to be pals with Bill Gates.

If Zuckerberg wasn't aiming high in his education, he never would have been "just another Harvard nobody" when he found the talent, the peer group, the opportunities and the idea (!) to put together Facebook.
Koiquoe
Have an unyielding faith in yourself
07:07 PM on 12/28/2011
With this mindset, you will never become the next Bill Gates. There are people whose parents are kzillionaires, and they spend their lives just partying. What Gates created is a salient testament to the power of the human mind - millionaire father or not.
08:01 PM on 12/28/2011
I agree with Pan - Gates had a major plus. Most people don't have the luxury of dropping out of college with a millionaire backer. I'm not taking away from what he accomplished, but let's be clear with the resources that some of these kids have....
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waltifarian
Quis custodiet ipsos custodes?
08:52 PM on 12/28/2011
The point is still valid: getting a start-up funded is alot becoming a movie star and the odds are in fact, quite similar. The history of Mr. Softee shows quite clearly that other that had the same ideas for Windows and were by all accounts much better technologists, could get funding.

Entering into start-up is frought w/risk. And no-one pats you on the back or gives you a jobs just because you worked hard and a smart. Thats the very real part of the risk. And in this economy, its hard to get a job in your 30's since whether it was your fault or not, people will look at failure ina start-up as a failure for the founders. Not saying don't go for it, but one should not fool themselves that there is not a whole lot of lick involved. Just sayin....
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OSullivan
06:11 PM on 12/28/2011
Yet another article espousing the philosophy that it does not matter what you do or how much you enjoy doing it, but how much you make. The Christmas season has just come to a close, and after several weeks of telling stories like "A Christmas Carol", these people go right back to what they were doing: preaching the myth of the self-made man, that we can all be millionaires, and that indeed, that is what we should all want.
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waltifarian
Quis custodiet ipsos custodes?
08:53 PM on 12/28/2011
Here here.
IndependentRule
Re-Elect NO ONE
01:51 PM on 01/25/2012
Isn't the single most pressing issue people are having and the entire election being based on issues related to financial problems?
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Robert SF
05:24 PM on 12/28/2011
Yes, I imagine that out of a population of 300 million you might find 8 people who, all quibbling about this or that aside, have succeeded at what mattered in their time beyond the wildest imagination of ordinary human beings. Antiquity had its Alexander, and we have our Bill Gates. Ancient China had Sun-Tzu, and America has Larry Ellison. Ancient Egypt had its Boy King, and we have Mark Zuckerberg.

And so what does it prove? Nothing more than what you see. There will always be people who happen to be statistical outliers in some very narrow range of human measurement. Bill Gates is not remarkable for his physicality. If we were still a warrior society, Bill Gates wouldn't be fit to carry Alexander's sword. Of course, any Alexander born today winds up on UFC instead of leading a conquering army. It's all about what very narrow range of human measurement is valued at the time. In Alexander's time, personal military power mattered. Today, it's money that matters, so Gates is the truly powerful man instead of one of those UFC guys.
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OSullivan
06:02 PM on 12/28/2011
Exactly!
06:25 PM on 12/28/2011
And who needs advanced degrees OR entrepreneurs when there's the Lotto?