The correlation between reading and wealth is well established. Whether you’re a hedge fund manager or a YouTube celebrity, books can help you to reach higher and stay at the top longer. Let’s look at the reading habits of 10 millionaires and billionaires.
M.J. Demarco is a self-made millionaire and author of the book: The Millionaire Fastlane. In that book he talks about the importance of reading and suggests that a book a week is a good target to set. He also hosts a recommended bookshelf on his website.
The motivational speaker Zig Ziglar claimed to read three hours a day, despite his tight schedule. Rory Vaden talked about this on his podcast when he interviewed Zig’s son, Tom Ziglar.
Brandon Carter, the internet celebrity of massive muscular proportions, says: “I read 2 hours everyday. This habit is responsible for the majority of my success. I don’t know many rich people who don’t read a lot, but every poor person I know has an “X-Box” on his Instagram.
Warren Buffet claims to read 500 pages a day. He’s stated that he devotes about 80% of his time to reading. Perhaps it isn’t a coincidence that he’s one of the richest men in the world.
Mark Cuban, another successful billionaire, reads 3 hours a day. That adds up to about 1,000 hours a year. Say the average book takes 5 hours to read, that means Cuban is reading 200 books a year.
The man who unleashed Microsoft onto the world, Bill Gates, reads 50 books a year. The result? At the time of this writing he is currently the wealthiest person in the world with a cool $78,000,000,000.
In an interview he did on his podcast with Ramit Sethi, New York Times best-selling author, Tim Ferriss, says that he reads 3 to 4 books a week. That adds up to 150 to 200 books a year.
In 2015 Mark Zuckerberg pledged to a read a book every two weeks. While this may be less ambitious than other billionaires on this list, some books on his list are long and complex. Like Sapiens which has become a hit in Silicon Valley.
Danny Gilbert, self-made billionaire and owner of the Cleveland Cavaliers, reads one to two hours a day.
You may not have heard of Arthur Blank, but you’ve definitely heard of the store that he co-founded: Home Depot. Blank reads two hours a day and has amassed a current fortune of $1,300,000,000.
Not sure where to start? Check out my article, 33 Books to Read Before You Die. Personally, I read about a book a week. That’s less than these billionaires read but more than the average person reads in a dozen years. You can keep up with my current reading list here.
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