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- Rags to Riches by admin The history of gambling, in Las Vegas and elsewhere, is awash with ‘rags to riches’ and, indeed, ‘riches to rags’ stories, but none is quite as dramatic, on both counts, as the story of the gambler popularly known as Archie Karas.
- Jul 25, 2019 Unibet Poker is running the Rags to Riches promotion until Aug.5 that combines playing online poker with a special casino-type game. Learn more at PokerNews.
Rags-to-riches stories aren't circulated simply to generate publicity for the people involved: They have the power to help inspire entrepreneurs around the world. Entrepreneurs like you.
Related: 8 Great Entrepreneurial Success Stories
Dec 12, 2018 im sure this has been done before, the theme of the thread is rags-to-riches: recount a time where you took a small amount of money and ran it up to a (-) rags to riches ($$) - Poker Beats Brags and Variance. Aug 15, 2010 Within 2 weeks i had a little over $1500 and was playing anywhere from 1-2 to 3-6 NL lol with huge up and downswings. Obviously i thought i was pro and sat at 5/10 one morning with 1k and lost like 400-500$ in one hand, immediately freaked and cashed out the remaining 1k or so lol. That was my best rags to riches story. Poker Can Change Your Life: 4 Inspirational Rags to Riches Stories THE WEEKLY SHUFFLE, 2015-03-29, by JTringer Poker is a game that attracts people from all parts of the world. Aug 05, 2015 These 17 rags-to-riches stories remind us that through determination, grit, and a little bit of luck anyone can overcome their circumstances. Books shelved as rags-to-riches: Paper Princess by Erin Watt, Any Duchess Will Do by Tessa Dare, Again the Magic by Lisa Kleypas, Dreaming of You by Lisa.
Such stories can also help you discover how people in your industry, or any industry, became successes, and how you, like them, need not start out with all the advantages in life.
Here, then, are some of the biggest rags-to-riches stories.
1. George Soros escaped the Nazis to become one of the world’s most successful investors.
George Soros is the type to invest in a franchise and make it into success. His humble beginnings were in Hungary, where he survived that nation's Nazi occupation. Soros' father, in fact, was instrumental in saving his son's life by paying off a government employee. After the war, in 1947, Soros escaped his Iron Curtain and Cold War life and made it to London.
He subsequently managed to earn a degree from the London School of Economics.
But that's hardly the end of the story. Even after graduation, Soros was still living a modest life, working at a souvenir shop. Only later did he get rich and become part of a merchant bank that sparked his career as one of the most famous investors on the planet.
2. Larry Ellison came from the slums to co-found Oracle.
Larry Ellison was born on the Lower East Side of New York during World War II, back when that district was still poor and teeming with immigrants striving to survive. At an early age, Ellison contracted pneumonia and was sent to the South Side of Chicago to live with relatives. Despite these obstacles, he was able to educate himself and join Software Development Laboratories, in 1977.
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This was a crucial move, because in 1982 the company became Oracle. This is a company that brings in $38 billion every single year, and along the way, Ellison -- who stepped down as CEO in 2014 -- managed to accumulate over $46.2 billion in net worth.
3. John Paul DeJoria ran his business from his car.
DeJoria was born in Los Angeles, a first-generation American. He started out his business life selling Christmas cards and newspapers before he even turned 10. He also spent time in a gang. The path ahead looked like a disastrous one for DeJoria.
But, instead, he later created John Paul Mitchell Systems using a $700 loan. He lived out of his car and sold shampoo door to door. Later, he would diversify into diamonds, mobile phones and alcohol. But first it took him a long time to escape living out of his car.
Related: 6 Stories of Super Successes Who Overcame Failure
4. Do Won Chang worked three jobs to survive.
Do Won Chang is the famous face behind Forever 21, who much earlier immigrated to the United States from South Korea, in 1981. Before he founded Forever 21, he worked three jobs simultaneously, as a gas station clerk, a janitor and a coffee shop employee. That period lasted for three years before he founded the company and opened its first clothing store, in 1984.
This family business grew quickly by taking advantage of the benefits of 'fast fashion.' Forever 21 is now multi-national and has 480 locations across the world. It has also managed to bring in $3 billion per year. And the next generation has been taken into the company, as Chang has brought his two daughters on board.
5. Zdenek Bakala flees Communist Czechoslovakia with $50.
Zdenek Bakala happens to be one of the leading coal entrepreneurs in the United States. Originally from Czechoslovakia, he fled that country when he was just 19. He arrived in Lake Tahoe with just $50 in his pocket. Once there, he got a job washing dishes at Harrah’s casino.
Fast-forward a few years: Bakala attended the prestigious University of California-Berkeley and acquired his undergraduate degree. That higher education credential gained him entry into the banking world. And returning to his homeland, in 1994 he opened the Credit Suisse office in Prague.
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Due to his enormous wealth, Bakala has managed to acquire huge shares in both coal and iron ore, which he still holds to this day.
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Related: These 50 Icons Prove You Can Achieve Greatness at Any Age
Last word: You can do it.
These rags-to-riches stories are extreme examples of entrepreneurs starting from nothing and working their way up to the top. This is something you can do too if you really want to. Make sure you have the hunger to manage the path before you, and don't be afraid to take a risk.
How will you make your fortune?
A satellite can be a fairly useful thing but for poker fans, it provides a gateway to a new world. And this is not through the ability to watch more poker events on foreign TV channels; it is to do with the ability to play your way into one of the major poker events of the world. When it comes to work poker events, the World Poker Tour obviously stands out and it is possible to play your way into contention at a World Poker Tour event by qualifying through the satellite route.
As you know, there are many online poker sites to choose from but some players will base their decision on what site to use depending on what satellites they offer. There are some sites which have an affiliation or link to certain events and they will regularly host satellite tournaments which allow players to play for the opportunity of gaining a seat at a major event. This is where your World Poker Tour bonus code can have a great impact as this is a site where you can gain access to some of the hottest events on the World Poker Tour circuit.
What a way to get to a major event
Each event and site can have their own rules on how they run satellite tournaments but they all provide a great way to get to an event. Some of the satellite tournaments can be entered for free but there will be a requirement to play a lot of poker before you get to the final stage to book your chance at a big event.
Even if the satellite event requires a buy-in fee, it will be for a much smaller price than the buy-in for the actual event. For instance, a $100 buy-in for a satellite event may sound like a lot of money but if the actual buy-in for the WPT event is $1,000, it is easy to see the scope for making a great saving. Add in the fact that many satellite winners are rewarded with travel, accommodation and even spending money for their trip and it becomes obvious that playing your way to poker success with satellite tournaments is a great way to get involved at a major event.
Can you be the next rags to riches story?
There are some rags to riches stories of satellite players making their way all through a tournament with the most famous story of all being Chris Moneymaker who turned his initial $40 buy-in into the $2.5m first prize. That is not the sort of story that happens every day but it does allow people to dream of what could happen and given that the buy-in price for these satellite events is reasonable, many players are willing to take a chance. After all, successful poker can rely on making the most of your bankroll and taking this chance is not something that seems too stretching for many poker players.
When it comes to WPT events, there are a number of great satellites that players can take a chance on winning. The WPT has added a more European flavour to its calendar in recent seasons and even the tail end of the 9th season features some big European dates. Vienna and Bratislava are two stunning cities to visit but for poker fans, the only attraction they will want to see will be the final table at these two events. The WPT Vienna and WPT Bratislava events are eagerly anticipated and players that have won through to these events by playing through a satellite event have had even more reason to celebrate. Not only have they triumphed over a number of other poker players, they have the chance to face off against some of the biggest names in world poker. It is not always about the money and having the chance to pit poker skills against the best in the business is something that most people dream of.
From Rags To Riches
Being given the buy-in opportunity, accommodation, travel and spending money to make the most of your time in these wonderful cities means that there is so much to gain from entering satellite tournaments that it is a surprise that more people do not enter them. Yes, they are hotly contested but with the right conditions and attitude, every player could say they are in the frame to win the prize. There is also the added bonus that these satellite events will often send more than one lucky winner to the tournament, providing a greater incentive to play the satellite events.