Mark Hauser’s life has been one of extreme highs and lows. He was born in the late 1940s to a wealthy family, but his father died when he was four years old. His mother remarried, but her new husband had no interest in raising Mark Hauser or his sister. When Mark was 10-years-old, he moved with his mother to another city, where she could find work as a secretary for an attorney.
At age 12, he started working at a grocery store, bagging groceries after school for 50 cents per hour (or $2.50 per day). From that humble beginning grew what would become an illustrious career in finance and private equity investments – including stints on Wall Street and his firm,Mark Hauser Capital Management. After college, he began working at a bank in Boston. His career was off to a promising start – but it didn’t last long. Hauser would later say that his life changed when he met the “privileged” people who worked on Wall Street or were already rich. Their lives became an obsession for him and motivated him to work and network his way into the world of finance.
He eventually became a successful private equity investor, but it wasn’t easy at first – he had to fight for every opportunity that came along. When he was pitching himself after an MBA graduation day job fair as a Princeton University graduate with some Wall Street experience under his belt, he was told by a hiring manager that they didn’t have any jobs available at the company.
This lengthy article outlines the successes and failures of Mark Hauser and his transition from a working-class family to a billionaire. It includes details about how he met with adversity early in life (including a time when he was incarcerated) and how he turned those challenges into positives that helped him succeed by using what he learned through them. There is also a discussion of his philanthropic efforts, including building charter schools and other programs for children in need.
In conclusion, the article describes Mark Hauser as a man who rose from humble beginnings to become a billionaire and uses that success story to motivate others.
Original source to learn more: https://www.crunchbase.com/person/mark-hauser-1ac7