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Posts Tagged ‘Jan Koum’

There are 42 immigrants on the Forbes 400 list. That’s just over 10%. Most of them have a very high “self-made score.”

For instance, Jan Koum, the founder of WhatsApp, is 40 years old and worth over $8.8 billion. That’s more than twice the net worth of Donald Trump, at $3.7 billion.

Koum immigrated from the Ukraine with his mother in 1992 due to the political and anti-Semitic environment there. His mom worked as a babysitter. Koum was 16 years old and he got a job as a cleaner in a grocery store. They got an apartment through government assistance, and bought groceries with food stamps. Then Koum went to San Jose State, definitely not ivy league, and then got a job at Yahoo! where he worked for nine years before he started WhatsApp.

The American system has supported this immigrant in the beginning, yes. Cynics will lament that our tax dollars paid for penniless immigrants. They did. However, Koum created American jobs and American wealth, for himself, and for many others. He made many people millionaires.

The fact that 10% of the Forbes 400 are immigrants, and that many of them came to this country with a single suitcase, no money, two hands to work menial jobs, and an indomitable belief in themselves and the American Dream, attests to the value of immigrants in America.

Nothing can be more misguided than the nonsense we’re hearing spouted every day now. Go get the Forbes 400 edition of 2016. It provides many inspiring stories.

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