A college diploma is not a prerequisite for obtaining an absurd amount of wealth. Out of the 400 richest people in the U.S., 63 entrepreneurs donâ€™t have oneâ€“more than 15% of the list. With total U.S. student debt surpassing $1 trillion and unemployment pushing above 10% a budding entrepreneur might be tempted to skip university and instead enroll in the school of hard knocks.
Here are a few lessons gleaned from four billionaires who learned from life experience, not lecture halls. Inspired? Great. If not, you can always plop down six figures and head to campus.
Sean ParkerÂ | Facebook | Net worth: $2.1 billion
SKIP COLLEGE; GOOGLE YOUR EDUCATION
â€śWhen these incredible tools of knowledge and learning are available to the whole world, formal education becomes less and less important. We should expect to see the emergence of a new kind of entrepreneur who has acquired most of their knowledge through self- exploration.â€ť
Dustin MoskovitzÂ | Facebook | Net worth : $3.5 billion
YOU CAN ALWAYS GO BACK
IfÂ FacebookÂ hadnâ€™t worked out after he left college to joinÂ Mark Zuckerberg, he said, â€śI could have gone back to Harvard anytime. My friends might not be there anymore. I might have to start over socially. That was a risk. But it was a pretty small risk compared to the opportunity at the time.â€ť
Phil Ruffin| Treasure Island Casinos | Net worth: $2.4 billion
LOOK OUT FOR NO. 1
Ruffinâ€™s last duty as someone elseâ€™s employee was to repossess a monkey. He quit and founded a chain of stores, and later, hotels and casinos. â€śThe advice I would give to young people? QuitÂ your job. Donâ€™t work for anybody. You really canâ€™t make any money working for someone else.â€ť
Â John Paul DeJoriaÂ | Paul Michell Systems; Patron Tequila |Â Net worth:Â $4.0 billion
The Navy vet slept in an ancientÂ Rolls- RoyceÂ (RYCEY.PKÂ â€“Â newsÂ -Â peopleÂ ) onÂ Sunset StripÂ as he slung shampoo door-to-door before making it big with Paul Mitchell. â€śI learned sales and marketing from knocking on a hundred doors a day. You quickly discover that youâ€™ll get 99 slammed in your face before you make a sale.â€ť