HOW JARED ISAACMAN BECAME A BILLIONAIRE AFTER DROPPING OUT

There are tones and tones of stories about self-made millionaires and billionaires but I bet nothing like the story of Billionaire Jared Isaacman. His story starts in Brooklyn New York in February 11 1983 when he was born. By the age of 16, he had gotten a full-time job offer from one of his clients after doing computer technical service and repair for two years and he decided to drop out. Having come from a Jewish middle-income family, this was not taken lightly. At the age of 18, he decided to start his own business and founded a company that sold refurbished computers.

JARED ISAACMAN FIRST BUSINESS

Jared’s first business of selling refurbished computers can be termed as what made him who he is today because it picked up quickly. Although Isaacman’s first firm was successful, he soon understood that in order to remain competitive, he needed to diversify his product line. He began providing web hosting and other internet services, which opened up a lucrative sector. Isaacman grew his company over time by purchasing additional businesses and creating new goods and services.

JARED ISAACMAN’S CAREER SUCCESS

By the age of 22, Jared Isaacman had become very entrepreneurial and had starting seeing other business opportunities. In 1999, Isaacman founded United Bank Card, a payment processing company that focused on providing services to small and medium-sized businesses. Here is where it gets interesting. To start UBC, Isaacman borrowed about $10,000 from his grandfather and also used his own savings and credit cards to raise the initial capital needed to purchase the equipment and software necessary to provide payment processing services. He then began to market the company’s services to small businesses in the New York City area.

Isaacman kept investing in new technology as the business expanded and increased its product offerings. UBC started to provide online payment processing services, which turned out to be a significant area of growth for the business. Moreover, Isaacman purchased a number of additional payment processing businesses, which aided in the geographic and consumer reach expansion of UBC.

In 2012, UBC was rebranded as Harbortouch, which is now a subsidiary of Shift4 Payments, another payment processing company founded by Isaacman. Today, Harbortouch provides payment processing services to over 300,000 businesses across the United States.

HOW JARED ISAACMAN FOUNDED DRAKEN INTERNATIONAL

The story of Jared Isaacman cannot be told without mentioning Draken International. At the age of 26 Jared was getting a bit tired at the company and needed to blow off steam. He decided to take flying lessons and in 2 years he made a crazy flight from New Jerzy to Alaska in 61 hours. The two years opened a world he had not envisioned and at 28 years like the entrepreneur he is started Draken International with the aim of providing tactical fighter jet training and defense services to the US military and its allies.

To build Draken International, Isaacman started by acquiring a fleet of fighter jets that were retired from active service, including A-4 Skyhawks, L-159 Alca, and Mirage F1 aircraft. He then set up a team of experienced pilots, engineers, and support staff to operate and maintain the aircraft.

Isaacman also established partnerships with other companies in the defense industry to provide a wide range of services, including logistics, maintenance, and support. These partnerships allowed Draken International to expand its capabilities and offer a comprehensive suite of training and support services to its customers.

JARED ISAACMAN x SPACE X

In February 2021, Isaacman made headlines when he announced that he would be the commander of the first all-civilian space mission, Inspiration4. The mission which was designed to raise awareness and funds for St. Jude Children’s Research Hospital was operated by SpaceX, a company headed by Billionaire Elon Musk. During this flight, Jared made two NFL Football bets.

5 NOTABLE/ ADVENTUROUS THINGS DONE BY JARED ISAACMAN

While Gerald Isaacman is primarily known for his business ventures and philanthropic activities, he has also done some notable and adventurous things in his life. Here are a few examples:

1. Flying fighter jets: Isaacman is an experienced pilot and has flown many different types of aircraft, including fighter jets. He is known for his love of aviation and has flown in airshows and other events.
2. Racing cars: Isaacman is also a car enthusiast and has participated in various racing events, including the Ferrari Challenge series.
3. Sponsoring a space mission: In 2021, Isaacman announced that he would be sponsoring the first all-civilian space mission, Inspiration4. He also serves as the mission commander and will be piloting the spacecraft.
4. Supporting military veterans: Isaacman is a strong supporter of military veterans and has participated in several fundraising events for organizations that support veterans and their families.
5. Donating millions to charity: Over the years, Isaacman has donated millions of dollars to various charitable causes, including medical research, education, and the arts.

CONCLUSION

The success of Jared Isaacman is a testimonial to the strength of perseverance and hard effort. He failed to graduate from high school but nevertheless managed to establish a prosperous business empire and earn a billion dollars. His ability to adapt to shifting markets and willingness to take calculated risks have been crucial to his success.