Coming from the warzone, Tehran in Iran, the 45-years old millionaire, Patrick Bet David, had only ambitioned to be a father in his later life, according to his words in his childhood. Instead, he ended up ruling the world of finance after a long struggle and self-motivation.
Patrick has earned money intelligently over the years. According to his tweet, we cannot blame money because it is not an issue. Instead, it is our mindset and ethic. A self-made millionaire will turn a million dollars into ten. Meanwhile, the one with a broken mindset will only spend it.
Patrick Bet David is an example of a refugee turned into a self-made millionaire. According to his tweet, he advises people to keep chasing their dreams even if it gets difficult because those difficulties will get worth it one day. Patrick speaks Armenian, Farsi, and Assyrian. People admire him because he shares his knowledge and wisdom on social media and does not stop trying for the good of his own life.
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Patrick Bet David’s Career
Patrick’s family left Iran and went to Germany when he was only ten years old. While living in the refugee camp, he started collecting trash from the swimming pool. He earned $148 made from the 5,000 bottles providing him $0.0059 for each. It was just the beginning of his entrepreneurship.
Later, he moved with his family to the US to get enrolled in a high school and join the US Military service. After working for the nation for six years, he dreamt of having a successful career in movies, but his girlfriend motivated him to be a financial advisor.
Patrick started working as a financial advisor in 2011 for Morgan Stanley with an average salary of $65,000. Later, he worked for Trans American Insurance Company for eight years and opened PHP Agency in 2009 before turning 30.
PHP Agency Inc. is a marketing, distribution, and insurance sales company established with the motive of providing life insurance to Americans. It started with only one office in California having 66 agents. It had 500 agents in 2012 and over 16,000 agents spread over 49 states in the second quarter of 2021.
Patrick launched Valuetainment in 2013. It is a media production company in Florida full of educators and storytellers sharing knowledge through social media. Both, Valuetainment and PHP Agency had a turnover of $100 million in 2019.
Patrick shared his wisdom by writing four books and posting educational videos on YouTube. Out of them ‘Your Next Five Moves’ is his best-selling book. He also started ‘The Bet-David Show,’ a podcast series where he discusses sports, finance, politics, entertainment, events, and more.
Patrick Bet David’s Net Worth
Patrick Bet David is one of the richest authors who has a net worth of $200 million as of 2023. Most of it comes from his entrepreneurship, financial advising, speaking on podcasts and writing. He has his own story of success from earning only a dollar for cleaning the swimming pool in the beginning to having a turnover of $100 million.
Patrick’s monthly income is more than $1 million, and annual income is more than $14 million. His net worth was $195 million in 2022, $185 million in 2021, $173 million in 2020, $168 million in 2019, and $158 million in 2018.
Patrick has also earned by hosting one-to-one interviews. He posts financial advice and motivational messages on Instagram earning 2.9 million followers. Similarly, his YouTube channel has more than 2 million subscribers.
Patrick Bet David’s Expenditures
Patrick and his wife, Jennifer, own a waterfront home in Florida worth $20.4 million. It is a 10,400-square-foot mansion spread over 1.1 acres of land with a private beach. It has nine bathrooms, six bedrooms, and a water frontage of 800 feet.
Jennifer is the primary source of business intelligence for software and technology-related systems in PHP. She is the medium between PHP, its partners, and third parties. Officially, she is the Executive Vice President of Agency Operations.
As Patrick is fond of purchasing cars, he owns a Rolls-Royce Dawn worth $428,050, Ferrari 458 Italia that costs $245,000, Lamborghini Veneno that costs $354,400, Ferrari SF90 Stradale that costs $1.2 million, and BMW i8 that costs $148,495.
Moreover, Patrick is a philanthropist and donated to the Italian Earthquake Relief Fund and The Front Row Foundation. Moreover, he invests in stocks, real estate, and cryptocurrency. He raised $10 for his financial services organization in 2017.
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