Figuring Out • 1y
Unique Startup Stories (4/20) Imagine a family that controls a whole continent and you don't even know about it. Meet Wellenberg Family. So after the end of the depression of 1837, the whole European economy was booming. But the banks at that time didn't lend money and acted as locker provider and charged money for it. So Allen Welleberg found that he could lend the money to industries, pay interest to dipositer and still make profit. So he started his SEB bank in Sweden. Bach then starting a bank was as easy as starting a Gold Shop. And with this, he began to get whole bunch of deposits from everyone due to intrest he offered. Soon his bank started earning tons of profits which he invested in buying stake in companies throughout Europe. Later the situation grew so bad that either 1) your account is in SEB or 2) your took a loan for SEB or 3) your company took a loan for SEB According to CNBC, this family has networth of over $250 Billion and actual figure could be much more.
Keen Learner and Exp... • 1y
Arul Sujanesh was born in madhurai in a 28 member joint family who had many successful businesses but however when he was pursuing his dream of becoming a civil engineer he gets a call from his father which changed everything. His father told him th
See MoreECE student | Entre... • 1m
Today’s insight: Use other people’s money! 🚀 The rich get richer by leveraging— Banks lend for assets like properties. Landlords buy homes, Airbnbs cash flow. It’s not their money—it’s the bank’s! They profit while others pay the loan. How will you
See MoreJust go with the flo... • 2m
The fast delivery took a life of an delivery rider it is more dangerous his family has no security now or then his kids amd his wife has to take a step and start earning for the family if we think what will be the impact on a child who was forced to
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