Started From The Bottom Top 3 Billion Dollar Businesses

What does it take to become a billionaire business? Hard-work, dedication, risk? It’s no secret it requires all of those things but it also requires being in the right place at the right time and having a great idea.

In the twenty-first century, tech firms dominate the list of most profitable industries. And it has become not just a multi-billion dollar industry but now a trillion dollar industry. Apple is the first company to be valued at $1 trillion.

Here are the top three multi-billion dollar companies.

1. Apple

Apple was founded way back in 1976 by Steve Jobs, the biological son of a self-made millionaire from Syria, and his lesser-known business partners, Steve Wozniak, and Ronald Wayne. Apple is today a worldwide phenomenon.

But it wasn’t always this way. For decades Apple was ahead of its time and its products were often misunderstood. The Macintosh, the first computer with a graphical interface, enjoyed success at first. But a power struggle between Jobs and other board members threatened the future of the company. Jobs was forced to resign.

The power struggle largely centered around whether the company should chase high-end customers with high price tags or try to pitch lower end consumer products. At the end Jobs won-out and he was invited back to the company.

After a series of failures like the Apple Newton, personal digital assistant (PDA), and a return to profitability with the release of the iMac, Apple regained its reputation. But it wasn’t until the launch of products like the MacBook Air and the iPhone in 2009 that Apple really saw its profits take off as it began to reinvent traditional products like the phone for the 21st century.

2. Microsoft

If Apple is the billion-dollar business of the twenty-first century then, Apple’s biggest rival, Microsoft was the billion-dollar business of the twentieth century.

Founded by Bill Gates, a Harvard dropout, its latest profits for the first quarter of 2019 were around $8.8 billion.

Most noted for its Windows operating system which brought computing to a household audience at an affordable price, the company has grown year on year as its software was adopted by schools, businesses, and homes alike.

It’s hardware like the Microsoft Surface gave Apple a run for its money whilst programs like Microsoft Word and Internet Explorer have become an industry standard.

3. Facebook

Facebook came to prominence in the mid to late 2000s, initially starting life as a platform for college students to share information and quirky facts about each other in a kind of college yearbook.

Soon people were able to set up pages to ‘follow’ celebrities and find out interesting facts about them. For instance, most fans don’t know that Fabio Lanzoni was the cover star of over 400 romance novels.

It’s estimated that Facebook is used by over 2.3 billion people: more people than those who follow Christianity.

In recent times it has faced a backlash due to privacy concerns and the way in which it has been used to spread disinformation and so-called ‘fake news’ during election campaigns.

However, this has not stopped Facebook continuing to be one of the most used platforms on the internet.

Multi-Billion Dollar Companies Are on the Rise

Multi-billion dollar companies are becoming ever-more common as the technology that makes our life easier for an affordable price becomes more and more available to the mass market.

It’s clear that the traditional way to set up a business - by starting a high street chain and trying to expand globally - is in decline. Instead, companies that exist in the virtual world are the way to making a billion dollar business.

Be sure to keep reading our site if you are interested to know more about billion dollar companies.