As technology continues to improve, we see businesses and industries extensively taking more advantage of it. This helps them grow and expand more efficiently than ever before. This also led to more profitable businessmen of this age.
Take for instance the media industry. It was drastically changed with the new technology brought about by the Internet and the digital revolution. If we compare old media and new media entrepreneurs, the differences are quite shocking.
Mark Zuckerberg, the co-founder of Facebook (new media) and Rupert Murdoch, founder of News Corporation (old media) have just about the same net worth. However, it only took Mark Zuckerberg 3 years to get to $1 billion. Rupert Murdoch had to go through 40 years just to get to that point. Of course, the new media played a great factor on that.
Reid Hoffman, the co-founder of Linkedin (new media) and Charles Dolan, founder of Cablevision Systems (old media) also have just about the same net worth at $3 billion. But, Hoffman’s Linkedin grew 86% last year while Hoffman’s company just grew 0.15%.
These numbers speak how new media is playing a great part in how businesses and entrepreneurs could grow, expand and be more profitable.
Check out this infographic from Staff.com for more comparison of old and new media billionaires.
How do you think about the comparison above? Do you interested to follow them? 🙂