A UNIVERSITY dropout managed to claw his way out of debt before becoming a millionaire aged just 26.

Jack Delosa, from Sydney, Australia, says he learnt tips from billionaire Sir Richard Branson – who inspired him to buy his own island.

But the 35-year-old's bank account hasn't always been so rosy.

At just 18 he dropped out of his commerce law degree before attempting to set up a call centre, which failed.

Fast forward to today, and Jack has set up two multi-million pound businesses and has published a best-selling book.

He founded The Entourage, a coaching provider for owners of successful businesses which now has more than 550,000 members.

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Jack has also become an investor in a range of companies, including in biotechnology, luxury real estate and finance.

The entrepreneur is now mates with business magnate Richard Branson and spent a week on his island.

They first crossed paths in 2010 when the billionaire opened the Branson Centre of Entrepreneurship in Johannesburg in South Africa.

In 2014 and again this year, Jack was invited to Sir Ricahrd's Necker Island in the British Virgin Islands.

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It inspired Jack to buy his own piece of paradise and this year he secured an island in the Whitsundays.

He hopes to transform it into a have for high-profile executives, reports the Mail.

Jack said he learnt helpful tips from Sir Richard as he revealed how he bagged a multi-million pound discount on planes while forming Virgin Atlantic.

He said: "The lesson I learned was that Sir Richard was winning the game before it begun.

"The second thing I learned is that he genuinely cares about the world."

Jack said his failed venture at such a young age pushed him to do better.

He told the outlet: "I felt a fire inside me burn so bright to become the best entrepreneur I could be.

"No one at the time believed I could do it but I did."

Meanwhile, a woman became a millionaire after starting a side hustle selling make-up from her garage with her cat.

Kate Morris took a gamble when she was just 21 and put $12,000 (£6,681) into a business.

That business turned out to be Australia's first beauty e-commerce website.

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The now 43-year-old from Melbourne had the idea for Adore Beauty in 1999 after spotting an opening in the online market after noticing women found department store "intimidating".

And fast forward 18 years, the site stocks over 200 brands and is a $28million empire.

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