Landed with $15, now multi-millionaires - Success of Indians


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heaven   
Member since: Nov 06
Posts: 70
Location: Toronto

Post ID: #PID Posted on: 15-06-07 20:29:50

Getting rich in USA.

http://money.cnn.com/galleries/2007/moneymag/0706/gallery.success_stories.moneymag/6.html

"I came to the U.S. with $15 in my pocket," says Arun. "I watched what successful people do."

The Muralidhar brothers had hardly been coasting in theircareers. After earning an M.B.A. at the Wharton School, Sanjay worked in corporate finance, eventually becoming vice president of finance at iVillage. Arun, who holds a Ph.D. in economics from MIT, has served as head of research at the World Bank and as head of currency research at J.P. Morgan. But they saw a business of their own as the way to achieve wealth. "I came to the U.S. with $15 in my pocket," says Arun. "I watched what successful people do."

After iVillage went public in 1999, Sanjay decided it was time to make the move. "We always thought working together would be fun," says Sanjay. "But it had to be exactly the right thing." Sanjay had an idea - an online marketplace where users could trade options on tickets for sporting events - but no sports contacts. "Nobody wanted to hear about it," he says.

It happened that Arun, by then at a hedge fund, was sending him portions of a book he was writing about investing pension funds. Sanjay gave him the feedback only a sibling can. "He said, `Instead of forcing me to read 300 pages of your junk, why don't you give me something practical?' " recalls Arun. Soon, with a $100,000 investment from Arun, Sanjay found programmers to build asset-allocation software based on Arun's research. The company they formed, Mcube Investment Technologies, had a prototype within a year and a launch two years later. Arun used his contacts to rustle up pension manager customers - who can afford the $250,000 license fee. Last year, with revenue reaching $1.5 million, he joined full time as chairman. Sanjay, who is CEO, projects revenue of $3 million this year and their first profit. .



febpreet   
Member since: Jan 07
Posts: 3252
Location:

Post ID: #PID Posted on: 16-06-07 03:29:54

'Heaven', please look at thier education first. With this type of high education and that too from a high rung school in US would give anyone a filthy amount of $$$$$$.

What you posted is how much they earned, and not how did they get educated? Were they landed in US with just $15 and received their education fee of cost? Of-course, they must have managed funds or borrowed to support their education.

Give anyone this much of education in US' prestigious school and they could make a big bucks as well. Not a big thing, ok?



shankaracharya   
Member since: Dec 04
Posts: 768
Location:

Post ID: #PID Posted on: 16-06-07 12:30:18

But there are a few such stories in Canada also. The first is our own Nav Bhatia who started as a Hyundai salesman and look where he is now and the same applies to another couple in mississauga who are into trading and they are also multimillionares.


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Speech by Thomas Friedman of The New York Times....

"When we were young kids growing up in America, we were told to eat our
vegetables at dinner and not leave them. Mothers said, 'think of the
starving children in India and finish the dinner.' And now I tell my
children: 'Finish your maths homework. Think of the children in India
who would make you starve, if you don't.'"


mynameisraj   
Member since: Dec 06
Posts: 296
Location:

Post ID: #PID Posted on: 16-06-07 17:08:55

Quote:
Originally posted by febpreet
Give anyone this much of education in US' prestigious school and they could make a big bucks as well. Not a big thing, ok?



Hmmm...really eh? I doubt educating you in any ivy league school can stop you from making such remarks.



febpreet   
Member since: Jan 07
Posts: 3252
Location:

Post ID: #PID Posted on: 16-06-07 17:13:33

Sure, try it...



Loser   
Member since: Sep 04
Posts: 1052
Location: Nice ,USA

Post ID: #PID Posted on: 16-06-07 18:52:53

How about the hundreds of Indians who land in Toronto with thousands of dollars and after 3 years they are left with 15 $ and a Canadian passport. :clap: :clap: :clap: :clap:


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You know you are a desi when ........ You spew forth the virtues of India, but don't want to live there...............You've never had a tanning salon membership


canadatrust   
Member since: Jun 06
Posts: 52
Location: planning to move in Ottaw

Post ID: #PID Posted on: 16-06-07 21:00:43

Because these people donot have vision or spirit for struggle. thant s why they are
"LOSER"


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gagan




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