How did the richest self-made person you know, under 35, obtain their wealth?

No one is truly self-made but this excludes the people that got their wealth, job, or a $100,000+ loan to start their business from their super rich dad or family.

By know I mean people that you have actually met and had a conversation with. Not the richest person "you know of." (Ex. Mark Zuckerberg)

How much is their wealth? 1,000,000? 10,000,000? 100,000,000?

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Comments (29)

Aug 27, 2019 - 11:10am

Real estate. And in Dallas they either started at Trammel Crow or Henry S Miller. They all have their own brokerages now and development companies. 2nd houses in Aspen kind of thing, boats, etc.

  • 2
Aug 27, 2019 - 1:38pm

Yeah dude I have no idea why more people don't go in RE. There is so much opportunity to make so much money here. All these stockboys running around clamoring for a $200K high phinance salary

heister:

Look at all these wannabe richies hating on an expensive salad.

https://arthuxtable.com/
  • 3
Aug 27, 2019 - 2:37pm

Because prestige that's why.

If you're in RE and you're not at Blackstone, Starwood or some other prestigious company they don't want to do it.

  • 1
Funniest
Aug 27, 2019 - 4:31pm

lawl these silly shits are modern day peasants and don't know it

heister:

Look at all these wannabe richies hating on an expensive salad.

https://arthuxtable.com/
  • 2
Aug 28, 2019 - 12:03am

When you say "go in RE," are you referring to the act of just buying any property to flip or rent? I would think the market is pretty saturated.
I don't know many people who could go out and get loans to buy rental properties without forming a Partnership or an S-Corp of some sort.

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Aug 27, 2019 - 1:45pm

Was going to say real estate as well. A mentor of mine had a net worth of $8MM by the time he was 35 (more now). Just started out buying rental properties and scaled up.

Good friend of mine is 31 and is worth a few million. He can realistically live off of his passive income. Not like a second house and a yacht type of deal. But he could sit at home all day, make a phone repair phone calls, and afford to live comfortably but within means. He doesn't and is aggressively trying to scale up.

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
  • 3
Aug 27, 2019 - 2:49pm

He was a carpenter, became a home builder, took a bank loan to fund his own contractor business, developed a strong reputation for details in his builds and thus started getting 1M+ homes to build, then spun our a realty business handling that side of the transactions, and then those same clients returned years later for home renovations which became even bigger than his primary construction business.

Now he has excellent people running all sides and he's funding commercial deals left and right.

He's a little north of 35 now but he was very well set and taken care of by the time he hit 35. I'd easily guess he is in the 10M range now, possibly a little over. He has a beach house but neither that or his primary residence is something that screams money.

Get your facts first, then you can distort them as you please.
  • 3
Aug 27, 2019 - 4:39pm

Was the founder of a fairly large company. Probably worth around $200M.

Aug 28, 2019 - 8:28am

One started a gambling website which was acquired, the other started a game studio which was acquired. This was some 10 years ago, and both dudes were in their early 20s when this happened...both are financially independent and pretty much retired from working.

Aug 29, 2019 - 10:25am

Started at Optiver out of uni, went on to run his own shop, retired at 29y/o. Probs worth approximately £20m.

"Work is the curse of the drinking classes" - Oscar Wilde
Aug 29, 2019 - 10:41am

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