Dyson Founder Says He Has Lived a 'Life of Failure'

Inventor James Dyson described his career as 'a life of failure' in a recent Wall Street Journal interview, citing setbacks as drivers of innovation. The 77-year-old creator of the bagless vacuum cleaner, who built a $16.8 billion fortune according to Bloomberg's Billionaire Index, created 5,127 prototypes over five years before successfully launching his signature product in 1993. 'If something works, it's less challenging, it's less interesting,' Dyson said. 'If something's gone wrong, you want to know why it's gone wrong, and it's a learning process.'

Dyson's company abandoned its electric vehicle project in 2019 despite investing over $600 million, concluding it wasn't commercially viable. The prototype now sits prominently at the company's Singapore headquarters. 'I had to be pragmatic about it and say it's too risky for us to do, which is a shame because I loved doing it,' Dyson said.

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