Money Magazine

From rags to riches in style

Rich Tran sported a bowl cut until he was 14 years old and had no intention of becoming a hairdresser. His beginnings were humble, and not without challenge, but a positive outlook and more than a little determination have set him on a course to financial and personal success that makes him grateful every day that he chose a different road.

Born to Vietnamese parents who settled in Sydney's west when they moved to Australia, Rich grew up helping his parents with the sewing and handyman jobs they took on to make ends meet. “It was pretty hard for them,” he says. “They were in survival mode trying to make enough money to support six kids; they definitely taught me what hard work looks like.”

We've arranged to meet at one of two Ultrafade hair salons Rich owns in the western suburbs of Sydney, an hour before the day's first clients arrive to have their hair transformed – a process

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