10 Billionaires Who Turned Into Politicians And Failed

BANGALORE: It is of no surprise to see the extremely rich take up positions of power in the political scenario as well. The difference with this kind of move from having conquered the business world and then moving to a more rigid system like politics is that it does not work like a business platform and most of them are bound to fail.

As hard and mind blowing as it can be, the principles applied in running multibillion dollar companies does not influence the structural set up of politics. Well this is just the layman’s version of why billionaires are bad politicians but the biggest and most avert reasons are because greed and power ends up being the biggest cause for their failure that affects them more than the public. So here is a list of billionaires who turned politicians and failed, as compiled by TheRichest.com.

Donald Trump: His name is known all over the United States and is one of the most popular TV hosts around the world. He has his business that runs into Real Estates and Television production. He is a billionaire and has a net worth of $3.9 billion.

His stunt to run for the 2012 Presidential elections can be termed as a stupid gesture to acquire more power because it back fired and made him a laughing stock. He tried to buy the Presidential seat in a land where people are very careful with the leaders they choose. He pulled out of the race even before it began and is now voicing to come around for the 2016 elections. Until then he is a billionaire turned politician who failed miserably.

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