The Incredible True Story Of A Homeless Man Who Became A Billionaire (2024)

“You don’t lose if you get knocked down. You lose if you stay down.”

So said the late boxer Muhammad Ali who died last year, may Allah have mercy on his soul.

History bears witness that there was something deep inside champions that made them stand out above the rest.

A champion is not someone who wins when they are ahead. A champion is someone who wins when they are behind. Someone who wins even though they are behind.

Every day we see people getting knocked down by life. By poverty, by domestic violence, by unemployment, by bankruptcy, by debt, by war, by torture, by prison…

Many of these people, once they are knocked down, they never get back up.

I say, “they never get back up” not “they can’t get back up” because they have a choice and they exercise that choice by choosing not to get back up.

And since they choose not to get back up after being knocked down, they often tell everyone else around them not to get back up either.

Yet I regularly read about people who lost both legs in an accident but then went on to run marathons with artificial legs.

And abused single mothers who go on to turn their children into champions.

And those who bounce back from poverty to turn into millionaires, or even billionaires.

Today, I will share the true story of one such remarkable man.

His name was Abdur-Rahman bin Awf, a Companion of the Prophet (pbuh) and one of the first eight people to accept Islam.

When the small Muslim community suffered persecution in Makkah they decided to migrate to Madinah.

The Makkans allowed the Muslims to leave Makkah, but on condition that they leave behind every bit of wealth that they owned.

Abdur-Rahman bin Awf was one of those who migrated to Madinah. He left behind everything he owned so he arrived in Madinah with nothing.

No home. No money. No source of income. No family. A single man.

He was given shelter in the homes of the Ansar, the Muslims of Madinah. The Prophet (pbuh) paired off one Emigrant from Makkah with one of the Ansar from Madinah.

Abdur-Rahman bin Awf was paired off with Sa’d bin Rabiah, who was one of the wealthiest men of Madinah. Feeling pity for Abdur-Rahman, Sa’d made him an offer:

“My brother! Among the people of Madinah I have the most wealth. I have two orchards and I have two wives. See which of the two orchards you like and I shall vacate it for you and which of my two wives is pleasing to you and I will divorce her for you.”

But the dignified Abdur-Rahman bin Awf, despite having nothing, declined Sa’d’s offer with the noble words:

“May Allah bless you in your family and your wealth! Just show me where the marketplace is.”

So Abdur-Rahman bin Awf went to the Qainuqa Market in Madinah where he began to sell dried buttermilk and yoghurt.

He did so well in this that he progressed onto selling horses. Then the saddles of horses.

Eventually he began to travel outside of Madinah and import goods that he would sell at a profit.

He became so successful that it was said if he even overturned a stone he would find gold underneath it.

Yet whenever the time for prayer would come, he would close his stall to go and pray. In relation to this habit of his, a verse of the Quran was revealed, which is still recited today:

“Men whom neither trade nor selling diverts them from the remembrance of Allah, the establishment of Salah and the paying of Zakah. They fear a Day in which the hearts and eyes will fearfully turn about.” [Quran 24:37]

With the money he earned from his business, Abdur-Rahman bin Awf got married and he soon became one of the richest men, if not the richest man, in the region.

In equivalent terms, it is not an exaggeration to say that he became a billionaire of his time.

Once he sold one of his lands for 40,000 dinars (gold pieces) and donated the entire amount to the poor and needy of Madinah.

Assuming a dinar contained five grams of gold, that comes to a total of 200kg of gold. At today’s prices (February 2017), 200kg of gold is worth a total of some US$8million.

And he gave donations of this magnitude not once, not twice, but on a regular basis.

A man who can regularly give away $8million in a single donation is a rich man, in all senses of the word.

Yet all this wealth did not corrupt Abdur-Rahman bin Awf. In fact, it made him even more humble.

Aisha (ra) said about him:

“All this wealth did not corrupt Abdur-Rahman and did not change him. When he was among his workers and assistants, people could not distinguish him from them.”

By the time of Abdur-Rahman bin Awf died, he had earned the ultimate honour of being one of the “Ten Promised Paradise” by the Prophet Muhammad (pbuh) himself.

I decided to share this particular story this week for a personal reason.

During the months leading up to my release I often wondered how I would earn a living after being in prison for 11 years.

I often thought about this story and one of the lessons that I learned from it was that sustenance is in the Hands of Allah, not people.

If you ask Him and as long as you also try your best, then He will bless your efforts and shower you with sustenance.

So in light of this story inshallah I will be announcing very soon a business that I have been working on for the past year. Watch this space for more details… 🙂

Enter your email address in the mailing list form below to receive my blog posts by email.

You can read my story, why I went to prison and how I came home, here.

The Incredible True Story Of A Homeless Man Who Became A Billionaire (2024)

FAQs

Who was the billionaire that was homeless? ›

In the early 2000s, Berggruen was dubbed "the homeless billionaire" when he sold off his residential properties and belongings. At 40 years old, he did not own a house, a car, or a watch. Instead, he traveled, staying in different hotels with only a small bag of clothes and his BlackBerry.

Who went from homeless to millionaire? ›

“If you thought you'd never do something big with your life because of your upbringing, your circ*mstances, or your imperfections, you are SO WRONG.” Dani Johnson worked as a co*cktail waitress in Hawaii .

What does "millionaire" mean? ›

A millionaire is somebody with a net worth of at least $1 million. It's a simple math formula based on your net worth. When what you own (your assets) minus what you owe (your liabilities) equals more than a million dollars, you're a millionaire. That's it!

What does it mean to be a billionaire? ›

In the United States, a billionaire is a person with a net wealth of a billion dollars, or $1,000,000,000. Billionaires in other countries are defined by other monetary units. For example, a billionaire in the eurozone has a net worth of €1 billion, while a billionaire in the United Kingdom has £1 billion or more.

Who were the only 6 trillionaires? ›

These are the only 6 trillionaires who lived on earth from history who reached the pinnacle of wealth.
  • Genghis Khan. 1206–1227. King of Mongol Empire. ...
  • Zhao Xu. 1048–1085. ...
  • Akbar, The Great. 1542–1605. ...
  • Amenhotep III. 1388–1351 BC. ...
  • Augustus Caesar. 63 BC-14 AD. ...
  • King Solomon. 970–931 BCE. ...
  • Mansa Mousa. 1280–1337.
Jun 30, 2021

Is there any billionaire who was born poor? ›

Howard Schultz

However, this successful businessman, who boasts a net worth of $2.9 billion, wasn't born into wealth. In an interview with Dr. Mukund Rajan of the Group Executive Council, Schultz discussed his childhood and what it was like growing up with less.

What famous singer used to be homeless? ›

Ed Sheeran was homeless prior to his success with his 2011 hit debut album, + (plus). He would sleep on friends couches such as Jamie Foxx's.

What singer grew up homeless? ›

Before going on to win five Grammy Awards, Shania Twain was homeless. According to Time, she grew up in an abusive household and spent time in a Toronto homeless shelter, along with her mother and siblings. Twain writes about this experience in her memoir, "From this Moment On."

What famous singer was homeless? ›

1. Beck. The “Loser” singer moved from L.A. to New York City in 1989 with $8 and a six-string. While there, he slept on couches and wherever he could, playing songs and writing lyrics about mundane things like pizza as part of the city's burgeoning anti-folk movement.

What car does a rich man drive? ›

According to an Experian Automotive study cited by the Financial Times, while society's rich are more likely to buy luxury brand cars than its less well-off, 61% of people who earn more than $250,000 are more likely to be driving Hondas, Fords and Toyotas.

What is the difference between a billionaire and a millionaire? ›

Many couples working for some 40 years could save money and end up with a million dollars, or close to it. But if a couple or an individual ends up with a billion dollars, that's 1,000 million dollars, 1,000 times what the average millionaire has.

Does a 401k count as net worth? ›

Yes. The value of your 401(k) account is a part of your net worth and should be included in your net worth. Like anything else of financial value, the vested balance of your 401(k) account — or any retirement account, for that matter — is considered an asset.

Is Taylor Swift a billionaire? ›

Swift's inclusion comes after Forbes declared the singer a billionaire in October 2023 and reported her net worth at $1.1 billion. In a rare feat, Swift is the first musician to reach the milestone solely from songwriting and performing.

Who is the youngest billionaire? ›

Meet World's Youngest Billionaire: Livia Voigt

With a net worth of $1.1 billion, Livia's trajectory into the world of business is undoubtedly noteworthy.

Are there any trillionaires? ›

As of today, no billionaire is within striking distance of becoming a trillionaire.

Who is the most famous homeless person? ›

Lee Stringer. Stringer was a homeless man in New York City who became a writer and advocate for the homeless. His memoir, "Grand Central Winter," chronicled his experiences living on the streets and in shelters.

What celebrity was once homeless? ›

Jim Carrey

The Dumb and Dumber star opened up about this time in his life for a past comedy performance. "A lot of people don't know this, but when I was about 14 or 15, my father lost his job. And I actually became homeless for quite some time," Jim said.

Who was the billionaire who gave away everything? ›

After piling up billions in business, he pledged to donate almost all of his money to causes before he died. He succeeded, and then lived a more modest life.

Which billionaire came from a poor family? ›

Many billionaires had humble beginnings. Some billionaires who grew up poor are Oprah Winfrey, Howard Schultz and Ralph Lauren.

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