Patrick Bet-David’s net worth is estimated to be approaching $200 million so he's not yet a billionaire.
Some cynics say the American Dream is dead, but Patrick Bet-David is living proof that the country is full of opportunity.
When Bet-David arrived in the United States in early adolescence, he was fleeing a revolutionary war in his native Iran. Within 20 years of immigrating, he owned his own business. Within 30 years, he was a multi-millionaire.
Bet-David isn’t one to shy away from risk, and he used that to his advantage throughout his career. He bet on his skill and entrepreneurial spirit when launching his firm, and his confidence and perseverance has paid off.
Aspiring entrepreneurs are fascinated with his story. How did Bet-David build his fortune? And what is Patrick Bet-David’s net worth today? Most importantly, what lessons can innovators and disruptors take away from Bet-David’s experience?
Patrick Bet-David was born in Iran, but when war broke out, he and his family were forced to flee. Bet-David explained that once he turned 12, the Iranian government would have forced him to remain and serve in the Iranian Army—a fate his mother was unwilling to face.
The family spent two years in a German refugee camp before moving to sunny Glendale, California. Bet-David enrolled in school, but no matter how much effort he put in, he simply couldn’t get the grades that his parents wanted.
Bet-David had a GPA of 1.8 by the end of his high school career, which drastically limited his options after graduation. The best of the opportunities available to him was the military, so Bet-David enlisted in the Army.
As it turned out, the Army played a critical role in Patrick Bet-David’s long-term success. He regularly tells audiences that his military service made him the person he is today.
Bet-David created a video titled 19 Military Lessons that Made Me a Millionaire that covers the most important things he learned while serving— lessons that still impact him today.
The top three points outlined in the video include:
Needless to say, when Bet-David was discharged from the military, he was a changed man. He was ready to lead.
His career in financial services began with the Transamerica Corporation and Morgan Stanley, but that didn’t last long—he had an entrepreneurial drive that had to be satisfied.
Bet-David launched his first business before the age of 30, and no one who knew him was surprised when it turned out to be a stunning success.
This has been one of the WORST years for stocks. But despite the awful trading conditions of the last eight months, I've delivered profit opportunities to my students like 22% on PBT after a week in the trade…And 31% on PEGA in only 8 days. I've JUST sent out a brand-new alert on a stock that's showing all the right signs of an impending breakout…
Click to Get the Trade and a Full Year of Stealth Trades for just $5 Today
Patrick Bet-David and his wife were confident that they could successfully launch their own business.
In 2009, they forged ahead with a new kind of life insurance firm they called PHP Agency. While the life insurance products available from PHP Agency aren’t exactly one-of-a-kind, the agency’s vision—and its approach to achieving that vision—sets it apart from its peers.
PHP Agency is focused on an underserved market: multi-cultural members of America’s middle class. In addition, the firm is dedicated to creating entrepreneurial opportunities for people in those same communities.
When PHP Agency started out, it had just 66 agents on board. In the 12 years that followed, more than 17,000 people earned their licenses through PHP’s programs.
Along the way, PHP Agency has connected more than 200,000 families with the financial education and life insurance they need to ensure long-term financial security.
➤ Free Guide: 5 Ways To Automate Your Retirement
Three years after PHP Agency opened for business, Patrick Bet-David knew he had a winner on his hands. So did other movers and shakers in the financial services industry. Those familiar with Bet-David and PHP Agency wanted to know more about how he achieved his success. Soon, the story spread to others outside his immediate circle, and Bet-David discovered a talent for teaching, inspiring, and motivating other would-be entrepreneurs.
In response, Bet-David created media brand Valuetainment, which he intended to deliver the same education, inspiration, and motivation to a larger audience of aspiring entrepreneurs. Over time, he has expanded into a wider selection of personal development topics based on subscriber requests.
Viewers often refer to Valuetainment’s programming as “the best online channel for entrepreneurs.” Today, the company owns a collection of YouTube channels, each of which is tailored to meet specific viewer needs. The current lineup includes:
Along the way, Bet-David has had opportunities to interview some of the most famous athletes, entertainers, and entrepreneurs in the world. Some of his past guests include Magic Johnson, Steve Wozniak, and Mark Cuban.
Through Valuetainment, Bet-David is working towards another massive, unwieldy goal:
“Shaping the next generation of leaders by teaching thought-provoking perspectives on entrepreneurship and disrupting the traditional approach to a career.”
However, it seems possible that Bet-David might actually create the foundation from which the next generation of entrepreneurs launch innovative products and services. Bet-David’s The Life of an Entrepreneur in 90 Seconds racked up millions of views within months of its release.
In addition to his work with PHP Agency and Valutainment, Patrick Bet-David is an accomplished author. To date, he has written five books that discuss the lessons in entrepreneurship he has learned throughout his career. Titles include:
Together, the collection offers deep insight into what makes Bet-David tick. More importantly, readers walk away with the confidence to pursue audacious goals of their own.
The SV Bank collapse marked the second-largest U.S. bank to close since the Great Recession…'God have mercy on us all': Robert Kiyosaki warned.
Kiyosaki is turning to gold and silver — a popular hedge against inflation. Gold can't be printed out of thin air like fiat money and it's value is largely unaffected by economic events.
'I'm buying gold because I don't trust the Fed," he said.
source: yahoo!news
Ready to dump your paper assets? Get Your Free Gold & Silver Guide Now
One of the things that makes Patrick Bet-David truly extraordinary is his energy.
Very few people could serve as CEO of a busy financial services firm and CEO of a prolific media brand, then still find time to create videos, write blog posts, and publish best-sellers.
However, from Bet-David’s perspective, his work as founder and CEO of PHP Agency made his success with Valuetainment possible. He had to do the hard work of taking risks and making mistakes to get his business off the ground.
Bet-David taps into the lessons he has learned when creating videos, speaking to groups, and writing books. He shares his experience to provide support and guidance to the next generation of entrepreneurs, and he is energized by that mission.
These days, “World’s Richest” lists don’t go beyond billionaires, and Patrick Bet-David isn’t quite there—yet. As a result, his name isn’t widely known outside of his industry except among those who want to build and grow businesses of their own.
That’s starting to change, as Bet-David’s work reaches larger audiences every year. Most of his followers agree that it is only a matter of time before Bet-David finds himself on that list of billionaires.
For now, Patrick Bet-David’s net worth is estimated between $150 and $175 million, but those figures are inexact.
He has so many projects going that it is impossible to tally up his income and assets. Suffice it to say that his successful businesses, his deep understanding of finance, and his on-going ability to attract listeners, readers, and audiences ensures his fortune will continue to grow.
If you ask Patrick Bet-David, he is a lucky man—and it’s not because of the fortune he built. He feels lucky to be married to Jennifer Bet-David, his wife and partner since 2009. According to Bet-David:
“Whether you marry and who you marry has a huge impact on entrepreneurs. As an entrepreneur, if you plan to build an empire for yourself, how and who you marry will be very critical in your success.”
As it happens, Bet-David made a smart decision when he chose Jennifer Bet-David. The two worked together for just over five years before they started dating, and it was another 18 months before they married.
After three months of marriage, they knew they were ready to set out on an entrepreneurial adventure together. That’s when they launched PHP Agency and built it from the ground up.
While the business they built together has been very successful, the pair doesn’t count that as their biggest accomplishment. Patrick and Jennifer Bet-David say their greatest collaboration is their children—two sons and a daughter.
Patrick Bet-David came to the United States as a child, and his family had no wealth to speak of. Bet-David’s passion, confidence, and persistence made it possible for him to amass a fortune.
Patrick Bet-David’s net worth might be approaching $200 million, but that doesn’t mean he forgot where he came from. His companies are focused on supporting others as they achieve financial security and entrepreneurial goals of their own.
Mr. Market is fickle and emotional... After ten years of going up in a nearly unbroken line, he abruptly decided to reverse course...
And usher in a bear market that has crushed portfolios — But while most investors were going through the worst year since the Global Financial Crisis...
A small group of 3,700 people had the chance to collect instant "bonus payouts" courtesy of Mr. Market every week.
All thanks to a method most investors have no idea about… watch this demo showing how it works.
SoFi Personal Loans Review: Borrowers with excellent credit histories can get fixed or variable rate…
Personal Capital pairs clients who enroll in its robo-advisory service with dedicated financial advisors. This…
A Historic Night at Super Bowl LIX On the grand stage of Super Bowl LIX,…
YieldStreet Review: YieldStreet was ranked among the most rapidly expanding financial services firm in the…
Brad Pitt has evolved from a handsome leading man of Hollywood blockbusters into a multifaceted…
2 Chainz Net Worth: 2 Chainz net worth is estimated at around $9 million.Read more…
This website uses cookies.