5 Most Successful American Entrepreneurs in 2020

Founders 2020

We all know that America is a melting pot of various nationalities and cultures, and it has quickly emerged as one of the most innovative nations to date. With driven natural-born citizens and other immigrants, America is now one of the most prosperous countries in terms of entrepreneurship.

Looking at older companies such as Standard Oil and Carnegie Steel Company, Ford Motor Company, to other contemporary companies in today's digital world such as Google and Amazon, American entrepreneurs have redefined how the world moves. Here are the following top five most successful American entrepreneurs in terms of global impact.

1. Andrew Carnegie

Carnegie, a successful CEO, founded a company - Carnegie Steel Company, building it as one of the biggest and successful companies in U.S. history. In addition to that, Carnegie became a widely successful angel investor. Utilizing the capital made through his steel company, Carnegie invested in several car companies, messenger services, and on land with oil reserves. Upon his dismissal in 1919, Carnegie had an estimated net worth of about $350 million, which, in 2020 dollars, would be worth nearly $5.5 billion.

2. Henry Ford

Ford was always a hard-working individual and has completed an apprenticeship with the Detroit Dry Dock Company. In the year 1891, he met with Thomas Edison and presented his concept of the automobile. Edison was interested in the idea and let Ford use one of his warehouses to start the manufacturing of two prototypes. With the help of prototypes, Ford founded the Detroit Automobile Company. He also founded a car company that finally paid him off, and the company remains a going concern as it reached annual sales of over $160 billion.

3. Oprah Winfrey

Oprah Winfrey, most of us know her as a shining example of any American success story. Oprah landed her first T.V. show in 1983. From there, she grew her brand and built an empire, founding Harpo Studios. It is a multimedia company started in 1988. The company's size has steadily grown to over 12,500 employees. Winfrey also co-founded Oxygen Media which is another media company that brought the attention of millions of annual television viewers. Winfrey, a well-known T.V. personality turned entrepreneur, now has a net worth of $2.6 billion.

4. Ash Mufareh

Ash Mufareh, another successful CEO, founded ONPASSIVE- and I.T. company that uses Artificial Intelligence technology to develop A.I. tools to help businesses survive in the rapidly evolving digital world. The product is not only set to revolutionize the way of the digital world but also makes every business be a pioneer in the technological world.

Mr. Ash Mufareh has implemented innovative concepts in the product so that online businesses benefit from the growth of their company. ONPASSIVE founder - Mufareh built the company with caution to help the companies to achieve their desired growth plan without any hindrances. He is one of the victorious U.S. entrepreneurs who is helping businesses utilize A.I. tools. He also found GoFounders, which helps in the development of the company by building a strong team that can help the motive of ONPASSIVE and benefit from it along the way.

5. Charles Schwab

Charles Schwab was among the first to offer a discount brokerage for the individual investor. To do this, he got rid of the research staff, analysts, and advisors, and expected investors to empower themselves while making an order. From an essentials only base, Schwab then started adding a few services that mattered to his customers, such as 24-hour service and expanding his branch locations. Merrill brought the individual investors back to the market, but Chuck Schwab made sure to keep them by making it cheap enough for them to stay.

The Bottom Line

These five U.S. entrepreneurs succeeded by providing their customers something better, smarter, and cheaper than their closest competitors.