1. American Entrepreneurs
Pg. 74

2. American Entrepreneurs
Which of the following American billionaires did NOT drop out of college?
Bill Gates
Mark Zuckerberg
Steve Jobs
Warren Buffett
Ted Turner
Ralph Lauren
99% of Fortune 500 CEO’s have college degrees Of 400 richest people in America 81% have degrees

3. What is an entrepreneur?
A person who brings together productive resources to produce a good or service and then assumes the risk of taking that product or service to the marketplace.
Has an idea and takes the initiative to act upon it

4. What is a small business?

5. Bill Gates ( )
Entrepreneur, programmer, inventor, and philanthropist
Dropped out of Harvard University
Co-founded Microsoft with Paul Allen
Microsoft’s software is part of nearly every personal computer in the world
In the 1980s he obtained a contract from IBM to produce software to operate all their personal computers
One of the world wealthiest people
One of the world’s biggest philanthropists today
Co-founded the Bill and Melinda Gates Foundation
Focus on education, world health, and investment in low income communities

6. Sam Walton (1918-1992) Businessman and entrepreneur
Worked at JC Penny’s after graduating from the University of Missouri
In 1962 he started Walton’s Five and Dime in Arkansas
Wanted to create a chain of stores that would offer a large variety of products at low prices
Wal-Mart and Sam’s Club

7. Estee Lauder (Josephine Esther Mentzer) (1908-2004)
Parent’s were immigrants
Developed her first skin cream with
her uncle who was a chemist
Co-founded Estee Lauder Companies
with her husband
Pioneered the “giveaway promotion”
First success came from word of mouth
First person to use beautiful models to sell products
Received the Presidential Medal of Freedom and inducted into the Junior Achievement US Business Hall of Fame

8. Robert Johnson ( )
Graduated from Princeton University with a masters in Public Affairs
Founded Black Entertainment
Television (BET)
BET was the first African
American managed company on
the New York Stock Exchange
First African American billionaire
In 1998 sold BET for $1.5 billion

9. Lionel Sosa (1939 - ) From San Antonio, Texas
Founded the largest Hispanic advertising agency in the U.S.
Hispanic media consultant in six republican presidential elections
Recognized as an expert in Hispanic consumer and voter behavior
25 most influential Hispanics in America by Time Magazine and member of the Texas Business Hall of Fame
Advice for Latinos: compete and win

10. Oprah Winfrey ( )
Talk show host, actress, producer, entrepreneur, and philanthropist
Created The Oprah Winfrey Show, Oprah
Book Club, O Magazine, and Oprah Winfrey Network
Multi-award winning and highest-rated program
of its kind in history
Richest African America of the 20th Century, first African American women billionaire
Greatest African American philanthropist in
American history, won the Lifetime
Achievement Award
Considered by some to be the most influential
women in the world

11. Processing Piece Pg. 75 You will now create an mock interview.
You will write three questions that you would like to ask each of these entrepreneurs
Questions must be relevant to their role as an American Entrepreneur