Stories that created sensation in the World...........................................
we present to you a youngest billionaire and entrepreneur whose one idea revolutionize the way we surf the internet and socially communicate in the internet. You must have been using facebook
but do you know how and when was this intuitive idea of social networking began?
Mark Zuckerberg
Originally called thefacebook, Facebook was founded by former-Harvard student Mark Zuckerberg (while at Harvard) who ran it as one of his hobby projects with some financial help from Eduardo Saverin. Within months, Facebook and its core idea spread across the dorm rooms of Harvard where it was very well received. Soon enough, it was extended to Stanford and Yale where, like Harvard, it was widely endorsed.Before he knew it, Mark Zuckerberg was joined by two other fellow Harvard-students – Dustin Moskovitz and Chris Hughes – to help him grow the site to the next level. Only months later when it was officially a national student network phenomenon, Zuckerberg and Moskovitz dropped out of Harvard to pursue their dreams and run Facebook full time. In August 2005, thefacebook was officially called Facebook and the domain facebook.com was purchased for a reported $200,000.
The Mark Zuckerberg biography started with his birth in White Plains, New York on May 14, 1984. He is the man who many view as the ringleader in the set-up of the social networking site that has spread throughout the world: Facebook. As co-founder, CEO and President of the business, Mark is one of the world's youngest billionaires with an extensive fortune of $4 billion - and he's not even reached his 30th birthday. You could go as far as saying that it is only early days in terms of the story of Mark Zuckerberg.
Zuckerberg showed signs of intelligence from an early age, and, in particular, an interest in programming. An unusual hobby it may seem, the New York born Mark found himself spending his spare time developing different kinds of computer programs, with a particular emphasis on communication channels.
One of the early creations of Mark was a music player named Synapse - coordinated using artificial intelligence software to determine the listening habits of users. It was this that first got Zuckerberg recognized by leading companies such as Microsoft, who were intent on hiring him, or, if that failed: buying his program.
Rejecting this to go to the internationally recognized Harvard University - a pivotal moment in the Mark Zuckerberg biography - he was inspired in creating Facebook by the student yearbook from his time spent at Phillips Exeter Academy. And that is when the real story began, the story of Facebook,in Mark's dorm room - shared with co-founders Dustin Moskovitz, Eduardo Saverin and Chris Hughes.
BILL GATES
Gates was born on 28 October, 1955 in Seattle, Washington to a successful family and was able to attend a Seattle private school. His mother was a schoolteacher and his father a Seattle attorney. He developed interest in software and began programming at age 13 when the school acquired an ASR-33 teletype terminal from a mother’s rummage sale.
Because of their exploits of bugs in the school’s second computer: a DEC PDP-10, owned by Computer Center Corporation, Gates and a number of other students, including Paul Allen- Microsoft’s co-founder, were offered unlimited computer time in exchange for debugging the company’s computers. After CCC went out of business, the students were hired by Sciences Inc. to write a payroll program. The students were successful and were received royalties on the program.
Gates scored a close-to-perfect score of 1590 on the SAT and was accepted by Harvard. He studied pre-law but spent the majority of his time with the school’s computers. Here, he met Steve Balmer, who was to become a prominent business partner in Microsoft.
Allen, in the winter of 1974, bought a copy of Popular Electronics. Its front cover read “World’s First Microcomputer Kit to Rival Commercial Models.” The picture displayed was a familiar image of an Altair 8080. Gates and Allen understood the computer market was erupting. They contacted Micro Instrumentation and Telemetry Systems, or MITS: and lied claiming they had developed a BASIC (a programming language). MITS were intrigued but Allen and Gates hadn’t developed the code, nor had an Altair for themselves or even had touched one. They worked day and night for eight weeks writing the code for their promised computer and with a single yoke, worked perfectly in a demonstration for MITS. Gates and Allen had already dropped out of college. When MITS purchased the rights to their BASIC for the Altair, Microsoft was formed.
Gates announced in 2008 he will leave Microsoft, but will remain as a chair, to follow philanthropy. He will work extensively with the Bill and Melinda Gates foundation, that has already given 3.6 billion to global health efforts, another 2 billion to improve learning opportunities in North America, followed by about 900 million in various community projects, and annual events. In his private life, he is the father of three children and enjoys reading and playing bridge.
AZIM PREMJI
Under Premji’s leadership Wipro Corporation began to expand and diversify. General Electric used Wipro to manufacture light bulbs, shampoo, baby care products and powder. By 1975, Penji started Wipro Fluid Power to make hydraulic cylinders and also truck tippers.
In the 1980’s IMBM was kicked out of India creating a vacuum in the technology field. With Pemji’s interest in electrical engineering, Wipro was a natural entry into the IT field. Wipro was issued a special license from Sentinel. They began manufacturing hardware for computers and then branched out to software development.
Wipro is the largest outsourcing company in India and its research and development unit is the world largest independent group. Under Pemji’s guidance,
Wipro grew from a $1.5 million oil company to a $662 million diversified conglomerate.
Premji believes in growth through delivering value with integrity to the customer. Wipro became the first Indian company to implement the Six Sigma program. It was also achieved SEI CMM Level 5 (the first software company to earn this distinction), and it also achieved PCMM Level 5 (People Capability Maturity Model), the world’s first organization to gain this level.
Pemji has been awarded numerous honors. Honors in 2000 included an honorary doctorate by both the Manipal Academy of Higher Education in India and Roorkee and the Business Man of the Year by Business India. In 2003, Forbes named Pemji to two distinguished lists – one of the 10 people globally, who have the most “power to effect change” and one of the 25 most powerful business leaders outside the US, Also in 2003, and Business Week had Pemji’s picture on its October cover titled “India’s Tech King”. In 2004, his honors included top 25 billionaires who have done most to bring about significant and lasting social, political or cultural changes by the Financial Times, and as one of the 100 most influential people in the world. In 2005, he received one of his countries highest honors for a civilian, the Padmabhushana. He is a member of the Prime Minister’s Advisory Committee for Information Technology in India.
Established by Premji in 2001, the Azim Premji Foundation focuses on quality education to build a just, equitable and humane society. 1.8 million children are partaking in various programs. The Foundation’s does not focus primarily on Information Technology education, but instead it tries to improve the quality of general education, especially in rural schools. Over 70 educational CD’s have been created for Indian schools.
JAMES CLARK
Dr. James H. Clark, while most famous for founding Netscape; began his entrepreneur dream many years earlier. After dropping out of high school, Jim spent 4 years in the Navy.. He began taking night classes at Tulane and earned enough credits to be accepted at the University of New Orleans and also earned a Masters degree in Physics. He continued his education in 1974 by earning a PhD in computer science from the University of Utah. In 1979, Clark accepted a position at Stanford University as an associate professor of electrical engineering.
He formed Silicon Graphics, Inc in 1982 along with 6 Stanford graduate students and Abbey Silverstone. Beginning with terminals serving as graphics workstation, Silicon Graphics evolved into stand-alone graphical UNIX workstations with very fast graphics rendering hardware. In 1992 Silicon Graphics bought Mips Computer in a $400M stock swap. Clark was able to use MIPS CPU as the foundation of their newest workstations. Silicon Graphics became the world leader in the production of Hollywood movie visual effects and 3-D imaging. By focusing on the high end of the market, Silicon Graphics was able to charge significantly more for their special high-end hardware and special graphics software.
fter a falling out with Silicon Graphics, Jim Clark achieved his greatest success. In 1994 he and Marc Andreessen, (the co-creator of the World Wide Web browser Mosaic) founded Netscape. By August 1998, its estimated that Netscape held almost 80% of the internet browser market. But in August 1995, Microsoft introduced Windows 95 and its web browser, Internet Explorer. Microsoft included Internet Explorer free of charge, a huge disadvantage. Despite its cost, Netscape was able to hold off Internet Explorer with innovative features such as frames, Java, JavaScript and Plug-ins.
Netscape was forced, in January 1998, to make their browser free. The further development of the browser would move to an open-source process. The Mozilla project began. Then in November 1998, AOL bought Netscape.
In 1998, Jim Clark came up with the idea in the healthcare industry. He would streamline the insurance hassles and paperwork with a product that would help make access to more efficient healthcare. His company, Healtheon made some progress in administrative streamlining of medical records technology, but an Atlanta, Georgia startup company, WebMD, was already making inroads toward the same goal. With Microsoft providing financial backing to WebMD, Clark decided to merge his company, Healtheon, with the original WebMD to form the current WebMD Corporation.
Clark continued to be an active entrepreneur. In 1999, Clark launched myCFO – a company to help wealthy individuals manage their fortunes. He sold the company for a third of his initial investment to Harris Bank in late 2002.
Also in 1999, Clark became Shutterfly’s original investor and Chairman of the Board. The company allows people to share, print and store photos. Kibu.com, the teen girl site received a $22 million investment from Jim Clark in 1999. In 2000, Kibu had decided to return its remaining capital to investors because the market couldn’t recognize the value of the business.
Neoteris, network Security Company, was founded in 2000 by Clark, who became the chairman and financial backer. Neoteris was acquired by NetScreen in 2003 and subsequently by Juniper Networks.
His involvement in various business ventures has accompanied his financial and ethical form. He is a true visionary.
His involvement in various business ventures has accompanied his financial and ethical form. He is a true visionary.
LAKSHMI MITTAL
Born in a house built by his grandfather and occupied by several of his extended family in the village of Sadulpur, Rajasthan, India on June 15, 1950, Lakshmi Narayan Mittal also known as Lakshmi Niwas Mittal is the epitome of a true rags-to-riches story.
Mohan Lal Mittal, father of Lakshmi worked for several small rolling mills in India, and in the mid 1960s was hired by a Calcutta-based firm to manage their business. Shortly thereafter, Lakshmi began attending St. Xavier College, working on his bachelor’s degree in Business. While attending college, Lakshmi worked part time for his father in the steel mill.
Upon graduating in 1969 from St. Xavier with a Bachelor of Science in Commerce, Lakshmi joined his fathers company full-time. Although his father enjoyed success in the business, he became discouraged with the Indian Government’s controls over private investment in large steel projects. This prompted him to seek out investors to begin a new steel company outside of India. In 1976, with $15 million in investment money, Lakshmi and his father bought a defunct steel manufacturing company in Indonesia, setting off a whirlwind of successful ventures over the next three decades.
Lakshmi Mittal soon became famous as a turnaround specialist, buying up steel mills that were operating at a loss, and turning them into profitable enterprises. Each company he added to his portfolio of business acquisitions made his drive to succeed even greater. In 1989 he bought a government founded steel mill in Trinidad and turned it around from losing $1 million a day to doubling output and becoming profitable within a year.
In 1992, he bought Mexico’s third largest steel producer for a reported $220 million, shortly thereafter, he purchased another Mexican Steel company and moved across the globe to Canada, Germany, and Ireland. In 1995, Mittal ventured to the former Soviet Republic of Kazakhstan, where he took over a state-owned blast furnace steel plant that was near failure and had not paid the employees for nearly six months. The Kazakhstan acquisition was renamed Ispat Karmet. The new factory doubled production within a year turning out more than 250,000 tons per month. This venture also led Mittal to form two new companies; Ispat International LTD and Ispat Shipping to provide support services to the Ispat Karmet mill. Later that year Mittal acquired a steel plant in Hamburg Germany, extending total production of all plants to more than 11 million tons per year.
In 1997, Ispat International began trading on the New York stock exchange and the Amsterdam exchange. The company continued growth through acquisitions, and in 2004 Ispat International merged with International Steel Group Inc located in Ohio, USA. This merger was simultaneous with the merger of Ispat International and LNM Group to form Mittal Steel, thereby creating the second largest steel producer in the world, worth more than $22 Billion, with operations in 14 countries. Finally, in 2006 Mittal Steel acquired Arcelor SA, the number one steel producer in the world for $33 billion. The new company was renamed ArcelorMittal, and is now the largest steel producer in the world, with an annual capacity of over 100 million tons.
Lakshmi Mitall, as of 2008, is Britain’s richest citizen for the fifth straight year, and received an appointment to the board of Goldman Sachs. In 2008, his net worth increased to more than $43 billion, making him the fourth richest man in the world behind Warren Buffet, Carlos Slim Helú and Bill Gates. Aside from sitting on the boards of various Trusts, he is also a well-known and active philanthropist.
From humble beginnings in a village that did not even have electricity to a palatial estate worth over $130 million, this 58 year old steel tycoon could very well be known as the ‘Andrew Carnegie’ of India.
Upon graduating in 1969 from St. Xavier with a Bachelor of Science in Commerce, Lakshmi joined his fathers company full-time. Although his father enjoyed success in the business, he became discouraged with the Indian Government’s controls over private investment in large steel projects. This prompted him to seek out investors to begin a new steel company outside of India. In 1976, with $15 million in investment money, Lakshmi and his father bought a defunct steel manufacturing company in Indonesia, setting off a whirlwind of successful ventures over the next three decades.
Lakshmi Mittal soon became famous as a turnaround specialist, buying up steel mills that were operating at a loss, and turning them into profitable enterprises. Each company he added to his portfolio of business acquisitions made his drive to succeed even greater. In 1989 he bought a government founded steel mill in Trinidad and turned it around from losing $1 million a day to doubling output and becoming profitable within a year.
In 1992, he bought Mexico’s third largest steel producer for a reported $220 million, shortly thereafter, he purchased another Mexican Steel company and moved across the globe to Canada, Germany, and Ireland. In 1995, Mittal ventured to the former Soviet Republic of Kazakhstan, where he took over a state-owned blast furnace steel plant that was near failure and had not paid the employees for nearly six months. The Kazakhstan acquisition was renamed Ispat Karmet. The new factory doubled production within a year turning out more than 250,000 tons per month. This venture also led Mittal to form two new companies; Ispat International LTD and Ispat Shipping to provide support services to the Ispat Karmet mill. Later that year Mittal acquired a steel plant in Hamburg Germany, extending total production of all plants to more than 11 million tons per year.
In 1997, Ispat International began trading on the New York stock exchange and the Amsterdam exchange. The company continued growth through acquisitions, and in 2004 Ispat International merged with International Steel Group Inc located in Ohio, USA. This merger was simultaneous with the merger of Ispat International and LNM Group to form Mittal Steel, thereby creating the second largest steel producer in the world, worth more than $22 Billion, with operations in 14 countries. Finally, in 2006 Mittal Steel acquired Arcelor SA, the number one steel producer in the world for $33 billion. The new company was renamed ArcelorMittal, and is now the largest steel producer in the world, with an annual capacity of over 100 million tons.
Lakshmi Mitall, as of 2008, is Britain’s richest citizen for the fifth straight year, and received an appointment to the board of Goldman Sachs. In 2008, his net worth increased to more than $43 billion, making him the fourth richest man in the world behind Warren Buffet, Carlos Slim Helú and Bill Gates. Aside from sitting on the boards of various Trusts, he is also a well-known and active philanthropist.
From humble beginnings in a village that did not even have electricity to a palatial estate worth over $130 million, this 58 year old steel tycoon could very well be known as the ‘Andrew Carnegie’ of India.
The time and money accumulated from his employee status allowed him to devote his attention toward his personal experiments. These experiments took form in 1896 when Ford developed his own self-propelled vehicle.
Though two previous attempts had failed, in 1903 the Ford Motor company was incorporated. The production of the Model t was everything he thought it should be. It was reasonably priced, reliable, and efficient but under the current conditions only a few could be made in a day.
To meet the growing demand the company opened a large factory. Within a short time he had revolutionized an assembly line and became the biggest automobile manufacture in the world.
The Ford relished in the progression of the company as well as the Model T, he was unsatisfied. He pushed to construct an automobile infrastructure. His ambitions included gas stations and better roads, which eventually led to an interstate-highway.
Ford was stubborn in his own right. He wanted everything done his own way. Though this attitude might have caused disruption it certain contributed to his success. Much like the man he admired most, Thomas Edison, Ford’s ambitions had no limit. His dreams were big and they couldn’t possibly have been achieved by anyone of less value. His stature even allowed him the progression of mass production.
He was laid to rest in 1947 but his energy and passion for the automobile industry still lives today through the minds and hearts of many other idealists. Like Ford, these idealists consistently amaze us with their advancement and unique expertise. Certainly, Henry would be proud and habit would have him initializing further technique.
MUKESH AMBANI
Mukesh Ambani is the chairman and managing director of Reliance Industries Limited, India’s largest private sector company. His wealth is estimated at US$ 19 billion as of November 2006, making him one of World’s richest persons. Mukesh and younger brother Anil are sons of the founder of Reliance Industries, Dhirubhai Ambani .
Mukesh Ambani was born on April 19, 1957 in Mumbai. His father Dhirubhai Ambani was then a small businessman who later on rose to become one of the legends of Indian industry. Mukesh Ambani did his Bachelors in Chemical Engineering from University of Bombay and Masters in Business Administration from Stanford University, USA.
Mukesh Ambani joined Reliance in 1981 and was the brain behind Reliance’s backward integration from textiles into polyester fibres and further into petrochemicals. During the process of backward integration, Mukesh Ambani led the creation of 51 new, world-class manufacturing facilities involving diverse technologies that raised Reliance’s manufacturing capacities manifold.
World’s largest grassroots petroleum refinery at Jamnagar is the brainchild of Mukesh Ambani. He was also the incharge of Dhirubhai’s dream project Reliance Infocomm. But after the split in the Reliance Empire, Reliance Infocomm went to his brother Anil Ambani. Mukesh Ambani is now planning to enter retail sector in a big way. He has plans to establish big retail stores all over the country. Recently, he also entered into an agreement with Haryana Government to establish a Special Economic Zone (SEZ) with an investment running into thousands of crores.
Mukesh Ambani has many achievements and honours to his name. Mukesh Ambani was chosen as the ET Business leader of the Year 2006. He was ranked 42nd among the World’s Most Respected Business Leaders and second among the four Indian CEOs featured in a survey conducted by PricewaterhouseCoopers and published in Financial Times, London, November 2004. He was conferred the World Communication Award for the Most Influential Person in Telecommunications in 2004 by Total Telecom, October, 2004. Mukesh Ambani was also conferred the Asia Society Leadership Award by the Asia Society, Washington D.C., USA,
