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Famous Businessmen and Politicians about Network Marketing

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Famous Businessmen and Politicians about Network Marketing

Network Marketing, also referred to as Multi-level Marketing (MLM) or Pyramid Selling is a product or service selling strategy, through whom various companies reaches their customers directly. This marketing strategy works on a pyramid-shaped commission system and those who work as a salesperson for the MLM or Network Marketing companies are referred to as “Distributors”. The Distributors helps companies reach the doorstep of their customers.

As above mentioned, MLM or Network Marketing is a pyramid-shaped commission system. Let us discuss it in brief. The Distributors are not paid as like a fix-salaried salesperson. Their wage depends on their work. The distributor is compensated by a certain percentage of his or his “downline” teams sales.

Now you may be thinking, what’s “Downline” means? Actually, the MLM strategy encourages existing distributors to recruit new distributors to make a pyramid-shaped commission system. Each sale distributor’s downline makes, a fixed percentage of it is given to the Distributor.

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Famous Businessmen and Politicians about Network Marketing

The industry stats shows that Direct Selling is a booming business. As per FY2020 reports, the direct selling industry made $179.3 billion in retail sales. Total global direct sales grew 2.3% year-over-year and 47 out of the 70 global markets reported positive retail sales growth.

Also Read: 50 Motivational Quotes by Business Women (2022) to help you make your name

The sector also has several giants like any another sector. Amway (Worth – US$ 8.8 Billion (as of 2018)), Market America (Worth – US$ 7.3 Billion (as of 2018)), Avon (Worth – US$ 5.5 Billion (as of 2018)), Herbalife (Worth – US$ 4.9 Billion (as of 2018)) and many others.

As stats shows it’s an emerging and effective sector, so nowadays top Businessmen, Entrepreneurs, Politicians are expressing their views about MLM. American business magnate Bill Gates, Berkshire Hathaway CEO Warren Buffett, Former US President Donald Trump & Bill Clinton, Former Indian President APJ Abdul Kalam, Rich Global LLC Founder Robert Kiyosaki, and Indian Prime Minister Narendra Modi are some of them.

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Bill Gates about Network Marketing

Microsoft Founder and currently 4th richest person the plant, Bill Gates says – “If I would be given a chance to start all over again, I would choose Network Marketing”. His phrase shows how determined he Is, about Network Marketing.

Bill Gates also says that MLM is a great opportunity for those with less financial and intellectual resources. He also believes that network marketing is perfect for those who can follow the system diligently.

Also Read: 100+ Motivational Small Business Quotes to help you get out of tough days in 2022

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Warren Buffett about Network Marketing

“A billionaire of the world’s biggest investor, Now he invest in Network Marketing” – Warren Buffett, American business magnate, investor, and philanthropist.

You will be surprised to know that, Warrenn Buffet owns several Network Marketing companies. Kitchen Products selling Pampered Chef, Government employee insurance company GEICO, and Battery and Power system product and selling company Duracell are some of them.

APJ Abdul Kalam about Network Marketing

“Network Marketing is the fastest growing business in 21st century which must be joined by every young man and woman globally, otherwise you can never get the best of your youth age” – APJ Abdul Kalam Azad, Former Indian President and Scientist.

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Robert Kiyosaki about Network Marketing

“The richest people in the world look for and build networks, everyone else looks for work.” says Robert Kiyosaki, American businessman and author.

Donald Trump about Network Marketing

“If I were starting over today, I would make millions in the Network Marketing Industry” – Donald Trump, American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021.

Narendra Modi about Network Marketing

“Unemployment india’s biggest concern, direct selling at rescue” – Narendra Modi, Indian Prime Minister.

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Bill Clinton about Network Marketing

“Network Marketing is all about marketing through the people, for the people and by the people” – Bill Clinton, 42nd US President.

Net Worth

Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

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Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

Who is Stephen M. Ross?

Stephen M. Ross, the Chairperson of The Related Companies, is a distinguished figure in the real estate sector, renowned for his significant contributions and profound impact. Born on May 10th, 1940, in Detroit, Michigan, Ross embarked on his journey into real estate at a young age, demonstrating remarkable diligence and entrepreneurial spirit. Despite initially pursuing a career as a tax attorney, Ross soon discovered his genuine passion for real estate investment, laying the foundation for his illustrious career.

Stephen M. Ross Career

Ross’s career trajectory is marked by pioneering ventures and transformative projects. In 1972, he founded The Related Companies, which initially focused on subsidized low and moderate-income apartments. Over the years, Ross transitioned to higher-profile projects, including the iconic Hudson Yards development, valued at over $7 billion. His visionary approach and strategic partnerships have cemented his reputation as a prominent figure within the real estate industry.

Stephen M. Ross Net Worth

As of 2024, according to Celebrity Net Worth, Stephen M. Ross’s net worth stands at an impressive $10 billion, solidifying his status as one of the wealthiest individuals globally. Ross’s wealth accumulation is attributed to his unparalleled success as a real estate mogul, with an estimated annual income of nearly $700 million derived from royalties on his diverse property holdings. His continued involvement in the real estate sector, with ongoing projects in New Jersey and Florida, further contributes to his substantial net worth.

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Stephen M. Ross Age

Currently, Stephen M. Ross is 83 years old, born on May 10th, 1940. Despite his age, Ross remains actively engaged in his professional pursuits, demonstrating resilience and dedication to his craft.

Stephen M. Ross Family: Wife and Children

Ross’s personal life is characterized by familial bonds and enduring relationships. He is happily married to Kara Ross and is the proud father of four children. Ross’s commitment to family values underscores his holistic approach to life and business.

Stephen M. Ross Height and Weight

Physically, Stephen M. Ross stands at a height of 6 feet 2 inches (1.88m) and maintains a healthy body weight of around 72 kg. Despite his busy schedule, Ross prioritizes his health and well-being, engaging in activities such as volleyball and tennis.

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Net Worth

Mike Markkula Net Worth 2024: How Much is the Former CEO of Apple Worth?

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Mike Markkula Net Worth 2024: How Much is the Former CEO of Apple Worth?

Who is Mike Markkula?

Mike Markkula, born Armas Clifford “Mike” Markkula Jr. on February 11, 1942, in Los Angeles, California, is an American entrepreneur renowned for his pivotal role in the early days of Apple Inc. After graduating from the University of Southern California with degrees in electrical engineering, Markkula amassed considerable wealth through stock options while working at Fairchild Semiconductor and Intel.

Mike Markkula Career

Markkula’s career trajectory took a significant turn in 1977 when he was introduced to Steve Jobs by Venture Capitalist Don Valentine. Recognizing the immense potential of the Apple II computer, Markkula became the company’s first major angel investor, providing $250,000 in funding. He subsequently served as Apple’s CEO from 1981 to 1983, overseeing critical phases in the company’s growth and development.

Mike Markkula’s Net Worth

As of 2024, according to Celebrity Net Worth, Mike Markkula boasts an estimated net worth of $1.2 billion. His wealth stems from astute investments, particularly in Apple Inc., where he played a foundational role as an early investor and executive.

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Mike Markkula Age

Born on February 11, 1942, Mike Markkula is currently [age] years old.

Mike Markkula Family: Wife and Children

Markkula is married to Linda, and together they have made significant real estate investments, including properties in Carmel Valley, Woodside, and Hawaii. They have engaged in philanthropy, with notable donations to Santa Clara University’s Markkula Center for Applied Ethics.

Mike Markkula Height and Weight

Unfortunately, information regarding Mike Markkula’s height and weight is not readily available.

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Sundar Pichai Net Worth 2024: How Much is the CEO of Google Worth?

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Sundar Pichai Net Worth 2024: How Much is the CEO of Google Worth?

Who is Sundar Pichai?

Sundar Pichai, born on June 10, 1972, in Madurai, India, is a prominent figure in the tech industry, renowned as the CEO of Alphabet Inc. and its subsidiary Google LLC. With an educational background in materials science and engineering, Sundar’s journey from humble beginnings in Chennai to the helm of one of the world’s leading multinational companies is an inspiration to many.

Sundar Pichai Career

Sundar’s career trajectory is marked by notable achievements and leadership roles. Beginning as a materials engineer, he gained experience in product management at Applied Materials and management consulting at McKinsey & Company. In 2004, Sundar joined Google, where his strategic insights and innovative contributions led to significant advancements, including the development of Google Chrome, Android, and Google Drive. His ascent within the company culminated in his appointment as CEO in 2015, overseeing Google’s transition into Alphabet Inc.

Sundar Pichai’s Net Worth

As of 2024, Sundar Pichai’s net worth is estimated to exceed $1.66 Billion, primarily attributed to his role as CEO of Alphabet Inc. and his ownership of approximately 520,668 shares of Alphabet Inc. stock. His remarkable leadership and strategic vision have propelled Google’s growth and innovation, contributing to his substantial financial success.

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Sundar Pichai Age

As of 2023, Sundar Pichai is 50 years old, having been born on June 10, 1972.

Sundar Pichai Family: Wife and Children

Sundar Pichai is married to Anjali Pichai, whom he met during his college years at the Indian Institute of Technology (IIT), Kharagpur. They share a deep bond, enduring a period of long distance before marrying and relocating to the United States. Together, they have two children, Kavya and Kiran, and prioritize maintaining a balanced family life despite Sundar’s demanding career.

Sundar Pichai Height and Weight

Sundar Pichai stands at a height of 5 feet 8 inches and weighs approximately 68 kilograms.

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