The inspirational life story of an illiterate billionaire
There are many stories in the world about people who rose to become self-made billionaires. More rarely, however, are those who get rich legally without education.
This is the case of Miloud Chaabi, a businessman with a net worth of $3 billion. One remarkable thing about this business magnate is his success in Morocco – a developing country in Africa.
His life story full of ups and downs has inspired many people. Here is Miloud’s journey to the top:
Portrait of billionaire Miloud Chaabi (Photo: Internet).
Tough childhood
Miloud was born in a remote village on the outskirts of Essaouira. His family lived in poverty for nearly a decade. He also suffered a great misfortune when he watched his brother die because he had nothing to eat.
Due to difficult circumstances, going to school is a luxury for Miloud. Instead of going to school, he stayed at home tending the sheep and helping the family. One day, the sheep were attacked by wolves and lost one of them. This made Miloud extremely afraid of being scolded by his father. After that, he decided to run away, partly to escape from the difficult life at that time.
Enter the world of business
Miloud worked various manual jobs in various parts of the country for several years. It was this time that helped him accumulate life experiences. He eventually settled in Kenitra as a construction worker. Gradually, he became interested in real estate.
At the age of 18, Miloud spent all his savings in a construction service business. Initially, the company only had 2 employees, revenue was also very modest. Miloud sees this as both a challenge and an opportunity. He works hard, always trying his best to satisfy customers. Thanks to that, the business gradually stabilized and developed.
16 years later, he decided to enter the new field of ceramics with the company Super Cerame. Since then, his fortune has increased.
Big turning point in career
There was a time when Miloud wanted to become an investor in the French company Dimatit. However, they refused his wish. And 20 years later, he returned, buying most of the shares before the company was about to go bankrupt.
Becoming the owner of Dimatite was an important stepping stone for Miloud. The company has allowed him to establish new businesses specializing in many fields, from petrochemicals to hotels. All of them have been and are extremely profitable.
At the age of 56, he continued to establish Ynna Holding – a billion-dollar corporation that helped him become a dollar billionaire. In 2020, Ynna has estimated revenue of $2 billion.
Full life in old age
After an incredible journey, Miloud returns to his hometown. The place where he once had to run away from home has now become a vibrant destination thanks to the hotel chains he created to attract tourists. Here, he enjoys the old life many people dream of: Living in a luxury villa, driving a supercar and playing golf.
When asked about the secret to his success, Miloud said he simply believes in himself. In addition, he emphasized that his wife played an important role in his success because she was the one who always loved, supported and stood by him in all ups and downs.
Miloud is also known as a generous philanthropist. He has donated a large amount of money to charity funds to help those in need because more than anyone else, he understands what they have to go through.
The billionaire died at the age of 85. To this day, he is still mentioned as an inspirational figure for the poor in Africa to have the motivation to try to escape poverty.
Source: Medium, Inc
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