Warren Buffett.Kevin Lamarque/Reuters
- UK-based sports betting firm OLBG found that it takes the average self-made billionaire 21 years to join the three comma club after starting out, but some entrepreneurs get rich faster than others.
- eBay founder Pierre Omidyar became a billionaire faster than anyone else on the Forbes Billionaires List.
- Warren Buffett's investing acumen may be highly praised, but it took a long time to make him a billionaire.
Some entrepreneurs dream up businesses that make them into billionaires virtually overnight while others work for decades to join the three comma club.
It takes the average billionaire 21 years to make their first billion, according to an analysis of the Forbes' 2020 Billionaires List by British sports betting firm OLBG. Some, like Facebook CEO Mark Zuckerberg, do it much faster while others, such as Zara billionaire Amancio Ortega, take a bit longer to amass their massive fortunes.
No one on the 2020 Billionaires List was inducted into the three comma club faster than eBay founder Pierre Omidyar, however, who made a billion dollars in just three years after founding the online auction house.
Keep reading to see how long it took some of the richest people in the world to make their first billion, listed in order of slowest to fastest time to billionaire status.
Note: This ranking only includes self-made billionaires in the order they appeared on Forbes' 2020 Billionaires List as it was originally published in March, so those who inherited their fortunes, like the Waltons of Wal-Mart, have been excluded. OLBG determined how long each individual took to become a billionaire by subtracting the year they founded their primary business from the year Forbes declared them a billionaire.