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Founders

#351 The Founder of Rolex: Hans Wilsdorf

Founders

David Senra

Steve Jobs, Founders, James Dyson, Company Builders, Technology, Henry Ford, Elon Musk, Business Professional Biography, How I Built This, The History Of Entrepreneurship, Jim Clark, Entrepreneurship, Entrepreneurs, History, Founder, Business Autobiography, Jeff Bezos, Entrepreneur, Biography, Biographies Of Entrepreneurs, Biographies, Business, Business Biography

4.81.5K Ratings

🗓️ 4 June 2024

⏱️ 57 minutes

🧾️ Download transcript

Summary

What I learned from reading about Hans Wilsdorf and the founding of Rolex.

Transcript

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0:00.0

The book I'm going to talk to you about today is nearly impossible to find.

0:03.0

It was first published in 1946. There's only a thousand copies ever made.

0:07.0

It's called Rolex Jubilee, and then the subtitle is actually in Latin, but when you translate it from Latin into English, it literally means go with me.

0:15.6

And so it's a tiny four-volume like history of Rolex, and volume one was written by Hans Wilsdorf who is the founder of Rolex and so he tells the

0:26.8

founding story of Rolex in his own words. There's a lot of things that will surprise you in this story.

0:30.8

The first one being that he was a sole shareholder of Rolex

0:34.0

but the second one was that he was an orphan so he goes right into his early life and in one

0:38.6

sentence he sets the entire stage for us he says I was born on March 22nd

0:42.2

1881 my mother's early death was

0:45.8

soon followed by that of my father's and at age 12 I was an orphan and there's a

0:51.1

decision made by his uncles that is going to change the

0:53.4

trajectory of Hans's entire life. They decide to sell the family business to pay

0:58.7

for boarding school for the kids that are left behind. So my mother's brothers decided that it'd be wiser to

1:04.2

liquidate the prosperous business, which had belonged first to my grandfather and then later to my father,

1:08.7

believing that in this way we children could be better prepared for life without having to call upon anyone for help.

1:14.8

His life would have been very different without his uncles and that decision to actually

1:17.5

liquidate the business and then take that money and actually send him to boarding school, which I'll get into why that's so important

1:21.8

for the founding of Rolex in one second.

1:24.0

But he talks a little bit about the fact that one of the best things his uncles ever did for him and his siblings

1:28.4

was that they taught himself for lines.

1:30.6

Keep in mind, the words I'm reading you, Hans is writing them. He is in his mid

1:34.4

60s. He's looking back at his life and so he says their uncles were not

...

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