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Kenny A. Troutt : A Billionaire Who Once was Dirt Poor

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A major Republican donor and the owner of the elite thoroughbred horse farm in Versailles, Kenny Trout is one of the richest persons in the world. The life of the American billionaire was never this easy. As a kid, he went through the financial struggle and worked hard to get at the position where he stands right now. In school, when his teacher questioned him that what he wanted to become in future, he did not know what career he would choose, but he surely knew that he wanted to become rich.

Early Life

Troutt was born in 1948 in Mount Vernon, Illinois, United States. His father worked as a bartender. He was the eldest of his three siblings. Troutt did his schooling from the Mt. Vernon Township High School, and later, graduated from the Southern Illinois University, in 1971. Belonging to a poor family, he always intended to overcome his family’s financial conditions and become rich. Due to the shortage of money, he started working at a very young age, to support his family and earn extra bucks. He even sold insurance to subsidise his studies while he was in college.

Kenny Troutt
Image source: dmagazine.com

Career

After completing his graduation, with continues hard work, he co-founded Excel, a long distance phone service, along with his business partner Steve Smith, in 1988. Smith’s interest in the network marketing business, helped the two to start the company, as he had found much more scope in the same. Just in nine years, the company had earned revenue in billion dollars. Excel became the fastest growing company in the U.S., even faster than Microsoft. In 1996, it went public in the New York Stock Exchange under the symbol ECI, becoming the youngest company ever to join the NYSE.

In the month of June, the very next year, Excel acquired the Telco Communications Group, followed by a merger with Teleglobe, in November 1998. The merger between the two companies brought lots of fortune to the two co-founders of Excel. Troutt and Smith became billionaires overnight.

Troutt retired as CEO on September 20, 1999, and was replaced by Christina Gold. Currently, Troutt serves as the chairman of Mt. Vernon Investments.

Personal Life

Troutt is married to Lisa E. Copeland and has three children with her. The family lives in their 13000 square foot grand estate in Dallas Texas. At present, he owns a 2,400-acre thoroughbred horse breeding and racing farm in Versailles, Kentucky, named WinStar Farm. In 2014, his net worth was estimated to be approx. US$1.5 billion.

Martin Dougiamas : The Man Behind the Open-source LMS Moodle

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Martin Dougiamas is the Australia based educator and computer scientist, who founded one of the world’s biggest learning management system. Dougiamas has always been a keen learner, and despite lack of facilities, he was able to fulfil his desire for learning. A voracious reader and a lover of speculative fiction, he is a believer of sharing knowledge. Brent Simpson described him as “one of the rare instances in Open Source software development, where the right person with the right personality appears at exactly the right time; Martin Dougiamas is the Linus Torvalds of the LMS world and his software is the Linux of this software.”

Early Life

Dougiamas was born on 20 August 1969, in Perth, Australia. He spent most of his childhood in a deserted area in Western Australia, where, there was no facility for even basic education. He received his primary education at his home and studied from the material dropped from the aeroplane. He then joined the Kalgoorlie School of the Air, under distance education. As it was a distance learning school, he visited the school only a few times; sometimes for the school projects and a few times for the exams. He always missed being in a classroom with his classmates. At the age of ten, he became interested in wireless and internet technologies and studied books based on them.

Martin Dougiamas
Image Source: Flickr

After a few years, his family moved back to Perth, where Dougiamas joined West Balcatta Primary School and Balcatta Senior High School. He received a master’s degree and PhD from the Curtin University, Australia.

Career

At the age of 17, Dougiamas started working at Curtin University, where he taught the staff about the usage of various web applications. The internet and computers were the latest technologies that were emerging at that time, and he realized that it is not an easy task to teach people about those technologies and utilize them for teaching and learning.

The university installed the newly built learning management WebCT, one of the first learning management systems of that time, at its campus. Dougiamas was asked to improve its functionalities. But, his experience with the software was not a pleasant one, due to the restriction and software’s intellectual property rights.

Founding Moodle

Soon, Dougiamas joined the university as a student and started working on the development of a set of online tools for distance education, as the part of his PhD thesis, “The use of Open Source software to support a social constructionist epistemology of teaching and learning within Internet-based communities of reflective inquiry”. The tools he was developing for online education were soon adopted at a bigger level, and he had to eliminate them from his PhD thesis.

The first site developed on Moodle was of Peter Taylor from Curtin University, in 2001. By the end of the year, Moodle was available for downloads on CVS. In 2003, Moodle became a community-based software, with its first contributed module released on Moodle.org, a community arm for Moodle.com. People, across the world, were translating it in different languages and were developing themes for it.

In 2015, Moodle became the most used learning management system in the world, with 70,136 registered sites, in 222 territories worldwide, and in 2017, it had over 100 million registered users. Moodle Pty Ltd. HQ has over 45 employees, and it has its branches located in Australia, Spain, Canada, and the UK. The company is financed by a partners network that consists of over 80 certified companies around the world.

Personal Life

Currently, Dougiamas serves as the CEO of Moodle, Pty Ltd. He is the winner of Google-O’Reilly Open Source Award in the Education Enabler category (2008) and was awarded an honorary doctorate at the University of Vic – the Central University of Catalonia “for his contribution to open-source software through his leadership of the Moodle platform”, in 2016. He also received another honorary doctorate at the Université Catholique de Louvain, in 2018.

Zhou Qunfei : The Self-made Billionaire & the Founder of Lens Technology

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Zhou Qunfei, the founder of Lens Technology, is the world’s richest self-made billionaire, and one of the richest women in the tech sector. She despite facing a lot of difficulties and struggle, managed to accomplish what seemed impossible at a time. She, even, achieving so much in life, is still a grounded person and is not hesitant to sit down and work as a worker in her company. Travelling back and forth between China, Korea and the Silicon Valley, Apple and Samsung are one of the biggest clients of her organisation. Her rags-to-rich story is an inspiration to millions of women in a man dominating society.

Early Life

Zhou Qunfei was born in 1970, in Xiangxiang, Hunan province, in a family with bad financial conditions. Her father had retired from the army. He had become partially blind and lost a finger in an industrial accident before Zhou was born. Zhou lost her mother when she was five. Her father made his living by making bamboo baskets, chairs and repairing bicycles. As a child, Zhou started raising animals to earn a small profit to help her family financially.

zhou-qunfei
Image Source : vivify

Zhou completed her secondary education from a local school and moved to the Guangdong province, to live with her uncle’s family, at the age of sixteen, to become a migrant worker in Shenzhen. She aspired to join a government job, but due to lack of a diploma, she had to drop the idea. But, being a bright student, she took jobs nearby the Shenzhen University so that she could easily complete her studies along with work. With her dedication, she was able to pursue various courses and received multiple certifications in the subjects including accounting, computer operations, customs processing.

Founding Lens Technology

Although Zhou had started earning with her part-time jobs when she was a little kid, her first full-time job was with the small family-run firm making watch parts, where she was paid 180 yuan a month. In just three months, she wrote a humble resignation letter to her boss, as she was unable to co-op with the working conditions of the company. Her resignation moved her boss, who instead of accepting the resignation, promoted Zhou to a higher rank.

After working for a few years in the same company, in 1993, Zhou founded her own company that sold high-quality watch lenses, at the mere age of 22. The company’s first employees included her brother, sister, their spouses, and their cousins, who started their work in a three bedroom apartment. Zhou used her savings of HK$20,000 (~USD$3,000), to start the company. She got involved in every operation of the company and became proficient in each of it, including the repairs and creating improved designs of factory machinery. Her big break came when the Chinese electronics giant TCL Corporation approached her with a contract to make mobile phone screens, in 2001. In 2003, she again received an order from Motorola, to develop glass screens for their Razr V3. By the time, mobile companies had started using glass screens replacing the plastic screens for the mobiles.

Earning major profits in mobile phone screen manufacturing, in 2003, Zhou founded Lens Technology and started producing touch screen for smartphones. The company received its name, in order to be more visible for its potential customers, in the online searches. The company soon received orders from HTC, Nokia, Samsung Electronics and also from Apple, in 2007, the biggest breakthrough for Lens Technology, and became the topmost touchscreen supplier. The company also supplies the watch glass for the apple watches. By the year 2017, the company had established 32 factories at different locations and had hired 90,000 employees. In 2015, Zhou made the company IPO public on the ChiNext A-share market of the Shenzhen Stock Exchange, and Lens Technology became China’s largest technology IPO, in the first quarter of 2015 and raised Zhou’s net worth by 452%.

Personal Life

Zou is married twice, and her first marriage was with her former factory boss. She has a daughter with him. In 2008, she married Zheng Junlong, an old colleague from Lens Technology, and the two have a son together. Along with working as her hobby, she also enjoys mountain climbing and playing ping-pong.

Zhou is China’s richest woman and is listed at number 61, in the Forbes list of 2016 Power Women. She was also named the number 18 on the Fortune 2016 Most Powerful Women of Asia-Pacific list.

Bill McDermott : The Inspirational Life Story of the First American CEO of SAP

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Great minds and great ideas will find their way to success, even after facing difficulties. Such a great person with a great mind is the American businessman and the highest paid CEO of SAP SE, Bill McDermott, who despite spending his childhood in poverty emerged as one of the most powerful businessmen of America. McDermott has described his whole amazing life story in his book, “Winners Dream,” co-written by Joanne Gordon, that has been awarded a gold medal for a business memoir of the year by the Axiom Business Book Awards.

Early Life

McDermott was born in Amityville on Long Island, to Kathleen and Bill McDermott. His father worked as a power maintenance specialist at Con Edison, and his grandfather, Bobby McDermott, was a famous basketball player. According to his book, he had a tough childhood, and his family faced critical financial conditions. Even the family used to live in a house with a floor that flooded every time it rained.

bill mcdermott
Image Source: gettyimages.com

McDermott, from a very tender age, started working in part-time jobs. At the age of 11, he started selling newspapers, greeting cards, cookies, and other products and saved enough money to start a new business. When he was sixteen, he bought a Country Deli for $7,000, with the money he earned in past five years, with different jobs and businesses. His County Deli business proved to be most beneficial for him, as he was able to get admission into an undergraduate course in business management at Dowling College, with the earned profits.

After completing the undergraduate course, McDermott joined Northwestern University’s Kellogg School of Management to pursue an MBA degree and later, attended the Wharton School of Business, where he completed the Executive Development Program.

Career

Possessed with awesome management skills and an MBA degree, McDermott managed to get a job in the sales department of Xerox. He continued working in the same department for 16 years, and at the age of 36, he was promoted to the post of Division President of Xerox’s sales, becoming the youngest person to hold that position in the company.

Later, in 2000, McDermott became the President of Gartner and served at the same position till 2002. He also worked as the Executive Vice President of Worldwide Sales and Operations at Siebel Systems.

Career with SAP

In 2002, McDormett joined SAP America, as the CEO of the company. Only in few years, he was designated to the SAP Executive Board, followed by gaining the position of co-CEO of SAP AG, in February 2010. SAP is a German company, and McDermott became the first American to hold the position of the CEO of the company, on May 21, 2014.

Personal Life

McDormett is married to Julie McDormett, and the couple has two sons together. At the time he was working in Gartner, Julie suffered from breast cancer. After six months of chemo, she recovered from the disease. But later, his mother suffered and died of pancreatic cancer. The incident encouraged him to launch the Kathleen McDermott Foundation for pancreatic cancer.

McDermott is a member of the Business Roundtable and the European Roundtable of Industrialists (ERT). He has won many honorary awards including the GENYOUth’s Vanguard Award, the City Year’s Idealist of the Year, and the Manager of the Year by the German Business Daily.

Collett E. Woolman : The Co-founder & First CEO of Delta Air Lines

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Collett Everman Woolman was one of the principal founder and first Chief Executive Officer of the infamous Delta Air Lines. Woolman with his vision took a great leap in the airline business. From an employee of the Delta Air Lines to the CEO of the same, Woolman worked rigorously to lead the airlines, to be one of the best in the world. His hard work and inspirational life even took his name to the Georgia Aviation Hall of Fame.

Early Life

Woolman was born on 8 October 1889, in Bloomington, Indiana, but spent most of his childhood in Urbana, Illinois. He completed his high secondary education from a local public school and entered the University of Illinois to pursue a Bachelor degree in agriculture. After his marriage with Helen H. Fairfield, in 1916, the couple moved to Monroe, in northeastern Louisiana.

Founding Delta Air Lines

After completing his education, Woolman joined Louisiana State University as an Agricultural Extension Agent. At the time, the Southern United States were facing a big issue with their agriculture works, i.e., the boll weevil, a cotton-destroying pest. A United States Department of Agriculture entomologist, Dr B. R. Coad, was trying new methods to solve this problem, and Woolmen also joined him in his mission. The ultimate solution, that they used against the boll weevil was to sprinkle calcium arsenate over the crops. As it was difficult to sprinkle the dry-powder over big fields, the team started doing the same with the help of army-loaned aircraft. The aircraft would dust out the powder over the fields, and the issue was solved.

C. E. Woolman
Image Source: deltamuseum.org

An aircraft manufacturer, Huff-Daland Aero Corporation, noticed the whole matter and formed a new division for crop dusting, naming it as Huff Daland Dusters, on 30 May 1924, and established the headquarter in Macon, Georgia. The Airborne crop dusting organisation was the first of its kind, in the world. Woolman was selected as the lead for the department and was appointed as the vice president and general manager of the same.

The company earned profits in the business, but as soon as the summer growing season ended, the need for the air dusting deceased, simultaneously. Woolman advised moving the service to other places, where the season was reversed and started operating in Mexico and Peru. With the help of Peruvian Airways Corporation, Woolman also started the passenger service in Peru. The agreement did not last long, but, Woolman gained the much-needed experience in the business.

In 1925, the company setup was moved to Monroe, Louisiana. At the same time, the Huff Daland Dusters was in financial trouble. The company was looking for a buyer for its bailout, and Woolman took the advantage of the opportunity, and on 13 September 1928, Woolman acquired the company, naming it Delta Air Service. The company started its passenger service on 17 June 1929 and received funding from its three new investors C. H. McHenry, Travis Oliver, and Malcolm S. Biedenharn. The first flight by the airlines was between Dallas, Texas and Jackson, Mississippi. In 1930, Woolman was named to the board of directors of the company.

At that time, there was a very less number of people who travelled through an aircraft. Hence, the company took a break from the passenger service and started functioning as an airmail service. Later, in March 1934, the passenger service was started again. In 1941, the headquarter of the company was relocated to Atlanta. After moving to Atlanta, Delta Air Service started adding new air routes and acquired a few other airlines. The propeller planes were replaced by the jets, and it started expanding towards the europian countries and across the Pacific. On 1 November 1965, Woolman was appointed as the chief executive officer of the company. Only after one year, on September 1966, at the age of 76, Woolman passed away, leaving a great legacy behind him.

Delta Air Lines After Woolman

In 1987, the company had a merger with the western airlines, and throughout the 90’s the airline saw rapid growth. In the late 90’s in competition with Southwest Airlines, the company launched a new sub-airline, named as Song. But soon, it started seeing failures due to the lower yields, higher fuel prices, and economic challenges. In the year 2005, the company got bankrupt.

During the bankruptcy, the company sold the old and unused aircraft, and the company shut the unprofitable routes and hubs. At the same time, Delta was trying to find out the loopholes in their functionality and was preparing itself for future with new strategies. In 2007, the company emerged as a polished and better version of its own, hence, operating to lead the company towards success.

On 14 April 2008, the company announced a merger with Northwest Airlines, forming the world’s largest airline. In 2010, the Northwest Airline accepted retirement, making the Delta Air Lines the wholly-owned company. Currently, the airline is functioning as the most prefered airlines across the world, due to its excellent customer service.

Samaira Mehta : Little Fingers Running from Coding to Entrepreneurship

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samaira mehta
Image Source: Facebook

Most of the children, at the age of six, are adjusting with their school’s environment, some have still not joined the school yet, and some brilliant minds of the same age, are working towards excellence, and making their ways into the tech world. Such gifted kid, from the Silicon Valley, is a ten years old Samaira Mehta, who has been into the limelight for her invention, at the age of eight, becoming one of the youngest entrepreneurs and a powerful motivational speaker.

Samaira Mehta, an Indian-American girl, was born on 4 March 2008, to Rakesh Mehta and Monica Mehta. Her father works as an engineer at Intel Co., and her mother worked in the field of marketing for more than a decade. Samaira was just six years old when her father started teaching her programming. The bright Samaira developed an immense interest in the same and started practising it. According to one of her interviews, she loved doing coding and playing the board games. Love for the two brought her the idea of mixing both of them and creating a board game that could help the people of age from 4-104, to learn to code in an easier way.

When Samaira turned eight, she finally decided to transform her idea into reality and launched a board game, naming it the CoderBunnyz. The game became popular in no time, and hence, Samaira co-founded a company, with her mother, given the same name to it as the game.

samaira mehta
Image Source: indiawest.com

Little Samaira became a self-made entrepreneur at the tender age of eight. After the success of CoderBunnyz, she came out with its sequel CoderMindz. CoderMindz is based on the concept of Artificial Intelligence and is another hit. The game is first of its kind, and Samaira gives half of its credit to her younger brother Aadit Mehta, who assisted her in the development and is just six-years-old.

From basic to advance, the CoderBunnyz has thirteen levels, that makes the players grow their skills, with every step. The game has made a place among the Five Best Board Games of the World, that is a huge thing for anyone, at the age of ten. Before making up to the top five board games, it had already won the second-place prize of $2,500, from Think Tank Learning’s Pitchfest, in 2016.

After the launch of the game, Samaira started providing demo classes in libraries and schools, so that the kids could learn how to play. Soon, she received invitations for large tech events. Her game also grabbed the attention of the to tech giants, like Google and Microsoft, and they also organised the demo workshops for the game. Until now, she has done over 50 workshops in Silicon Valley, teaching over 2000 kids, including over 50 at Google. After the workshop at Google, she also received an offer of working with Google, as soon as she completes her college, by Stacy Sullivan, Google’s Chief Culture Officer.

Samaira also developed another board game, especially for the underrepresented girls, named as Girls U Code. Her achievement also brought her a letter of appreciation from the White House. Samaira has been featured in NBC, Sony, ZDF, Mercury News, sina.com and several media in three continents (North America, Asia, Europe) and over 11 countries. She spoke at the CMG Impact 2016 Women in Tech (2017), becoming the youngest speaker at CMG. She also gave a speech at the MyPowerTalk at Silicon Valley tech forum, in the same year, where she received a standing ovation from more than 400 women. The Cartoon Network also profiled her as the real-life “Powerpuff Girl”. She has received the Young Entrepreneur Award from the Silicon Valley, in 2017.

The big tech companies are all set to hire the young entrepreneur, but, it all it is up to her whether she will go with a multinational tech company or will run her own business. Until then, we can just watch her progress. Along with playing with codes and creating unusual board games, Samaira also loves to play guitar and archery. She is a supporter of girls education and wants to make people of every age fall in love with coding and programming.