When speaking of successful businessmen who have accumulated huge wealth and become well-known all over the globe, Dan Pena is usually the first name that will come to people’s mind.
The brilliant Mexican-American entrepreneur is widely known as the “$50 Billion Man,” due to which people often think he is a billionaire. But this is actually a misunderstanding. Because as a matter of fact, that just refers to the business strategy he raised, and Dan Pena’s actual net worth is $500 million.
Still, it’s a very remarkable number, so let’s discuss more how he becomes so rich. Pena’s career is a distinct journey, and there were some vital twists and turns that granted him good chances to expand his wealth.
Pena’s very early job gave little indicator that he would certainly generate wonderful wide range. Pena was born in Jacksonville however matured in East Los Angeles, and his academic debts consist of a degree in Service Administration and also economics from San Fernando State Valley College.
He additionally offered in the US Military in the late 1960s, yet his real economic journey begins after a stint on Wall Street when he started Great Western Resources Inc., an oil company in which Pena made use of his capacity to create earnings that he ‘d shown working for various companies in the monetary field.
Great Western Resources created earnings of over $430 million dollars in the early 90s, but when Pena was forced out of the business he filed a claim against Great Western. He utilized the negotiation money to begin the Guthrie Group, which was named after the castle in Scotland Pena had acquired back in the early 80s.
Only when Pena started running his business from the castle that he started to branch out as well as fully meet his credibility as a self-made entrepreneur. He’s grown famous by carrying out business seminars that cost over $25K, and his Breakthrough Benefit program has ended up being recognized throughout the business globe as a vehicle for business owners to develop their very own companies.
Pena has actually likewise been a pioneer on the planet of YouTube and also social media sites in general. He was among the first entrepreneurs to efficiently monetize his YouTube channel, and he currently teaches others just how to do that via his Billion Dollar Guy program, which he’s currently scaled up with a brand-new program named “Trillion Dollar Man.”
Pena’s individual life has actually been reasonably quiet in comparison to his eruptive service success, but in some respects those two worlds have combined.
His better half is Sally Hall, a monetary professional in her very own right who currently aids him run the Guthrie Team. The couple has 3 youngsters, and also the Scotland castle is approximated to be worth about $25 million.
His biggest obstacle after he ended up being successful occurred shortly after he developed the Guthrie Group, when among his workers, Craig Williamson, landed him in hot water for stealing from the business’s clients. Pena was compelled to compensate them to the tune of approximately ₤ 130,000, yet that financial investment repaid handsomely when it enhanced the businessman’s credibility for honesty, which subsequently fed right into his succeeding YouTube success.
Pena is presently well right into his mid-70s, however he reveals no indications of decreasing. According to records, he’s tough at work establishing his Trillion Dollar Male program, and he’s just covered exactly how to take care of the existing disorder in the monetary markets. It’s an open question concerning whether Dan Pena will come to be a real billionaire, however based upon his lengthy standing record it seems safe to bet that those programs as well as efforts will just broaden his net worth.