BENGALURU: Building wealth and achieving financial independence is a tough job for an individual. There are some people who truly inspire us with their life story from rags to riches. Even, there are billionaires who make the best out of the private equities and earn huge lot of sum.

A private equity is a type of investment aimed at gaining significant control over a company with an intention to make more money. The money invested to fund comes from private markets. Private equity firms invest in both privately and publicly held companies.

The Business Insider has mined a list to find out such inspiring souls who made their money from private equity business. Let’s check the list in the following:

10. Stephen Feinberg: Cerberus Capital Management LP’s founder Stephen Feinberg ranked 1415 in the Forbe’s list. He is a very active American financier who invests mostly in PEs. During his 20 plus years, Feinberg has generated excellent returns and now at the age of 54 he has a net worth capital of $1.3 billion in his pockets.

Stephen Feinberg co founded the Cerberus Capital Management with William Ritcher ion 1992 with $10 million under management. This firm has seen exponential growth of over 20 billion since years. He reportedly made $50 million in 2004 and his lifestyle is extravagant than his peers in private equity.

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