The Education of Millionaires - Michael Ellsberg

The Education of Millionaires

By Michael Ellsberg

  • Release Date: 2011-09-29
  • Genre: Management & Leadership
Score: 4
From 54 Ratings


The myth: If you get into a good college, study hard, and graduate with excellent grades, you will be pretty much set for a successful career.
The reality: The biggest thing you won't learn in college is how to succeed professionally.
Some of the smartest, most successful people in the country didn't finish college. None of them learned their most critical skills at an institution of higher education. And like them, most of what you'll need to learn to be successful you'll have to learn on your own, outside of school.

Michael Ellsberg set out to fill in the gaps by interviewing a wide range of millionaires and billionaires who don't have college degrees, including fashion magnate Russell Simmons, Facebook co-founder Dustin Moskovitz and founding president Sean Parker, WordPress creator Matt Mullenweg, and Pink Floyd songwriter and lead guitarist David Gilmour. Among the fascinating things he learned:
How fashion designer Marc Ecko started earning $1000 a week in high school with his own clothing business, and later grew it into an empire. How billionaire Phillip Ruffin went from lowly department store employee with no college degree, to owner of Treasure Island on the Vegas Strip. How John Paul DeJoria went from homelessness to billionaire as founder of John Paul Mitchell Systems Hair Care Products.
This book is your guide to developing practical success skills in the real world. Even if you've already gone through college, the most important skills weren't in the curriculum-how to find great mentors, build a world-class network, learn real-world marketing and sales, make your work meaningful (and your meaning work), build the brand of you, master the art of bootstrapping, and more.

Learning the skills in this book well is a necessary addition to any education. This book shows you the way, whether you're a high school dropout or a graduate of Harvard Law School.


  • Adel

    By Adelb8
    This is a good book to read for anyone who is getting bored with their job and looking to do something more meaningful. It provides with real life examples of success, and makes one think what one man can do - another can do. Overall I felt positive and empowered after having read it.
  • Held my interest

    By StartupGuy
    A good gauge of whether I like a book or not is whether I finish it, and this book passed that test. Overall I liked it and am happy I invested the time to read it. It provides some food for thought. The book needs another round of editing and is a little rough around the edges with various typos and grammatical errors. I got over it, but it's still a little annoying...especially from an author that claims to be a copywriter. The book suggests a college degree is unnecessary in today's world for entrepreneship, which I agree. That said, he's coming from a liberal degree perspective. For technical start-ups, it is beneficial to have a technical background and the mental structure taught in engineering programs. Also, the university can be a good networking hub and provide catalysts beyond mere knowledge that foster collaboration and gaining the resources necessary to get anything started. There is another side to this coin and overall argument.