Is running a company the new retirement?

Young CEOs may grab a lot of the headlines these days, but entrepreneurs over 50 are giving them a run for their money.

In the age of social media and smartphones, we increasingly hear of 20-something millionaires who have built the latest hype-fuelled app.

CEOs that are barely out of college – walking around in their casual jeans and trainers – have almost become the norm.

Subsequently, the success of those in the older generation – and their commendable longevity at the top – is all-too-often overlooked.

Irish life insurance firm Easy Life Cover thought this was an injustice, and got to work in compiling an Infographic to celebrate older entrepreneurs and their success.

It found that a growing number of men and women over 50 are opting for the excitement of entrepreneurship over the comfort of retirement.

One in three businesses are started by someone over 50, while the 55-to-64 year old category has the highest rate of entrepreneurial activity in the past decade.

Looking at the Fortune 500 companies, some of the biggest business names in the world – like Warren Buffet (84) and Rupert Murdoch (83) – are still in control of the companies of which they founded.

Praseeda Nair

Kellen Rempel

Praseeda was Editor for GrowthBusiness.co.uk from 2016 to 2018.

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