“The first million dollars you earn is by far the hardest million dollars to make.”

That statement was considered for years to be absolutely true referring to the challenges of starting with nothing, while subsequent millions build on previous.

Oil Tycoon, T. Boone on a recent statement he came to admit, “The first billion is a helluva lot harder”.

The first billion is a helluva lot harder RT @Drake: The first million is the hardest.
— T. Boone Pickens (@boonepickens) May 31, 2012

Nevertheless, how long does it really take to turn from Millionaire to Billionaire?

According to Forbes, there are now more billionaires in the world that even before. In particular, as it is reported, there are more than 15.2 millionaires globally while only 2,124 individuals managed to become billionaires.

Betway’s infographic reveals that the average age first million is earned is 37 while the average age at which Millionaires become Billionaires is 51. It is worth mentioning that while most people may think of billionaires as mainly old men, three of the richest top-5 turned to billionaires before the age of 35.

Jeff Bezos, Founder of Amazon, made his first billion within 2 years after becoming a millionaire in the age of 35. Bill Gates, Founder of Microsoft in the age of 31, while the controversial Mark Zuckerberg managed to earn his first billion in only a year in the age of 23.