The Best Way To Become a Billionaire Is To Help a Billion People

Peter H. Diamandis? Ankur Jain? Apocryphal?

Dear Quote Investigator: One path to achieving great wealth is by building a vital new product or performing a widely needed service. Here are three versions of a pertinent adage:

  • Want to become a billionaire? Then help a billion people.
  • The best way to become a billionaire is to help a billion people.
  • The best way to become a billionaire is to improve the lives of a billion people.

This saying has been ascribed to author and entrepreneur Peter H. Diamandis who founded the XPRIZE Foundation. Would you please explore this topic?

Quote Investigator: The website of Peter H. Diamandis in 2021 included a document titled “Peter’s Laws: The Creed of the Persistent and Passionate Mind” which listed twenty-three statements. The following were the third and fourth items. Boldface added to excerpts by QI: 1

The world’s biggest problems are the world’s biggest business opportunities.

The best way to become a billionaire is to help a billion people.

The collection of sayings on the website was labeled “The Abundance Edition”, and the set has changed over time. Diamandis’s 2015 book “Bold” contained a somewhat different set of twenty-eight items that was also called “Peter’s Laws”.

Below are additional selected citations in chronological order.

Continue reading The Best Way To Become a Billionaire Is To Help a Billion People

Notes:

  1. Website: Peter H. Diamandis, Article title: Peter’s Laws: The Creed of the Persistent and Passionate Mind, Edition: The Abundance Edition, Article author: Peter H. Diamandis, Date on website: Undated, Website description: blog by author and entrepreneur Peter H. Diamandis. (Accessed diamandis.com on February 27, 2021) link

If Anything Can Go Wrong, Fix It! (To Hell With Murphy!)

Quotation: If anything can go wrong, fix it! (To hell with Murphy!)

Creator: Peter H. Diamandis, founder and chairman of the X Prize Foundation; bestselling author; cofounder of Singularity University

Context: In 2015 Diamandis published “Bold: How to Go Big, Create Wealth and Impact the World”. He described an episode that occurred shortly after he founded and began working at the International Space University. He shared an office with a colleague who placed a copy of Murphy’s Law on the wall which stated: “If anything can go wrong, it will”. Diamandis greatly disliked the sign. Boldface has been added to this excerpt: 1

There’s an old saying in business: You’re the average of the five people you spend the most time with. The same is true for ideas. . . Thus, a week into Murphy’s mental assault, I went to the whiteboard behind my desk and wrote: “If anything can go wrong, fix it! (To hell with Murphy!)” Then above the quote I wrote, “Peter’s Law.”

Notes:

  1. 2015, Bold: How to Go Big, Create Wealth and Impact the World by Peter H. Diamandis and Steven Kotler, Quote Page 108, Simon & Schuster, New York. (Google Books Preview)