Asking Billionaire Women How They Got RICH!

Excuse me, miss. Miss? Thank you. I have a question for you. How old were you when you became a millionaire? I'm not a millionaire. No. No, I'm a billionaire. You're a billionaire. Okay, how did you become a billionaire? I run a technology company. You run a technology company? Yes. How long have you been a business owner? So, I left Wall Street in 2013. You were on Wall Street? Yes. My job was to provide a lot of people with a life. So, how much money did you earn in a year? A billion dollars. A lot. Name it. The range. 1.2 billion dollars. 1.2 billion. You're a billionaire. That makes me a billionaire. Yes. Have you ever met a billionaire? Of course. I was in the bank accounts of billionaires and in the houses of billionaires. Of course. So, where do the richest people put their money? I want you to think about the richest people you've ever met. Okay. So, let's start. 80% of your money is usual. As a billionaire, what is the best financial advice you would give to a young generation? If you want to start your own business. Your last message to the young generation, which is trying to become a billionaire in the modern world, I'm going to do something god-forsaken, guys. I'm going to interview some of the richest women in the world, including Sarah Blakely, And I'm not kidding. Now I'm standing in Beverly Hills, one of the richest post offices on the planet. And I'm going to find some of the richest women who live here to find out how they built their wealth. But we're just getting started, guys, because after that I'm going to fly all over the country to Atlanta to meet and interview one of the richest billionaires in the world to find out how she turned only $5,000 into a billion empire, So, this video is going to be god-forsaken from start to finish. So, stay with us to the end. With that in mind, let's meet the billionaires. Excuse me, ma'am. Ma'am? Yes? I have a question for you. I'm going all over Beverly Hills and asking people how you got rich. I worked hard. In... What business do you work in? Cinema. A producer? A director? What do you do? A producer. What achievements in the film industry are you most proud of? Probably, you've made almost $2 billion in income, and now it's time for me to go. Oh, wait a minute. You're a business owner. Quick, can I switch to another channel so you can see this? Guys, I couldn't get any information from her, but she said she was making $2 billion in income. It's just to give you an idea of the prospect. The type of woman, the type of people we're going to meet here on these streets in Beverly Hills. I wanted to return this, but we couldn't get it. Guys, but I know they're here, and I'm not stopping until I get all the money for you for a billion dollars. Come on, excuse me, ma'am. How did you get rich? How did I get rich? Yes. I worked very, very hard. In what business do you work? You're a business owner. Finance. Did you work in Wall Street or something? Dad, I can't tell you. Wait a minute. I've expanded my channel to 17 million subscribers. In the last four years, I've interviewed 25 billionaires like Mark Cuban and Michael Rubin. I asked successful people how they achieved success in their young generation. So I'd like to ask you if there's any financial advice you've learned throughout your career that you could give to the young generation, whatever it was. Invest in what you understand. For example, what was the best means of transport for you? Real estate. And do you like real estate or commercial real estate? What did you like? Real estate. Why? Because the time was perfect for it. And when did you mostly buy real estate? It started back in the 90s. What is the best city to buy real estate in the modern world? Oh, Los Angeles. Anywhere where there is coastal real estate. A lot of people, like in the United States, say... Well, of course, because of politics. So, the United States is obviously better thanks to tax benefits. Have you ever had a business? Yes. What was your big problem? A billion dollars. A billion dollars? Yes. Are you serious? Yes. Did you have anyone who doubted your business? No. No one doubted you? No. Why not? Someone who cost them a lot of money. So you can say with confidence that it's a stupid idea to oppose you? Absolutely not the best idea. Yes. Absolutely not. Listen, honestly, and I believe that you need to do everything honestly, and that business can be flawless for everyone, but you should never get into a situation when you think that someone else is not worthy of something. Everyone deserves a break and a chance to show themselves in business. What was the biggest challenge you faced as a managing company? Because it's hard. You have... Co-workers. Why was it hard to get them? Why? Because, eh, employees, you have to hire people you trust. Men are lenient. They are straightforward. They think clearly. It's easy to mess with them. Women are emotional. It's hard to run a business with them. So you hired a lot of people. That's true. So you didn't hire a lot of women? No. Why me? You're serious. Yes, I'm serious. Even as a boss woman? Yes. You hire women who have manly instincts for business. You mentioned real estate. You bought a lot of real estate. Yes. You bought. Yes. For each of your properties, did you have a company with a limited responsibility for each property? Yes. How many companies with a limited responsibility do you own? More than 50. More than 50 companies with a limited responsibility. And how important was it? Oh, that's critical. I mean this thing here. A company with a limited responsibility is a protection bar, and everyone must understand their taxes. It will serve you until the end of your life. For every business I started and every real estate I bought, starting this year, I use a company with a limited responsibility. The company I used to start my business and buy my real estate was called Basie. I founded my company with a limited responsibility because of them, and it was one of the smartest decisions, because it protects you. I'm going to look into Basie. You said you're 62 today. Yes. If we died tomorrow, and you had one more message for the younger generation, what would it be? Enjoy your life. And this helped me build a multi-million-dollar business. It incredibly simplifies the start of a business. Guys, whether it's a company with a limited responsibility or an escort, you can literally do less than in 10 minutes. And it's super affordable. It's much cheaper and much easier than trying to hire a super expensive lawyer or accountant to create your own business. So, guys, believe me, stop what you're doing. Be like smart entrepreneurs. Be like rich entrepreneurs and use Basie to create your own business today. All you need to do is follow the links in the description of this video to start your own business through Basie Today. But let's get back to the video. Okay, guys. So, we're in Beverly Hills, and Maybach just came to the ballet. So, I'll go and see what they've done to get rich. Let's go see who these guys are. Let's go. Excuse me, ma'am. Ma'am. Thank you. I have a question for you. How old were you when you became a millionaire? I'm not a millionaire. No? No, I'm a billionaire. You're a billionaire. You really are. Yes. How did you become a billionaire? Well, I worked hard to build my dream. So, you're in the beauty business. Yes, I'm in the beauty business. I own a company called Anastasia Beverly Hills. Are you serious? Yes. How long have you been in the business? Wow. I started in 1997. Did you succeed on your own? Yes, absolutely. So, you don't come from a rich family. No, I came here from the communist regime in Romania, and I didn't speak this language. I didn't have any money. I didn't know anyone. And I really believed in my eyebrows. I travel the world, I interview billionaires to help the younger generation. Can I have a minute with you for the channel? Absolutely. You have a lot of investors. No, I mean that when I was selling in 2018, I didn't have 100% of the company. Are you serious? Yes. How much did you sell it for? The company was estimated at $3 billion. No one believed in business ebro. Did you have anyone who doubted your business? Oh, of course. The lender whom I wanted to rent a room. The bank didn't want to give me a credit card. No one, even my own husband, didn't believe that it would be a business. Why didn't you listen to anyone? Do you know why? Because I really believed in it. I really believe that eyebrows are such an important feature of our face, and I corrected them myself. That's how it all started. In the 80s, I had thin eyebrows like a lion. It was a trend. As a billionaire, you gave the best financial advice to the younger generation. If you want to start your own business, follow the money flow. And that's all. You know, everything depends on profit. Everything comes down to profit. Don't start spending money left and right. When I started, I was driving a broken car that I spent $200 on. Okay. And it didn't matter if my daughter thought that I couldn't take her to school, They didn't laugh. But you know, this is the perception of people who say, oh, I have to join the team. I was afraid. I had bigger goals, and it was important for me to save every penny to invest it in my business. And for many years I did just that. Every money I earn, I return to the business. You just kept reinvesting. That's all. Yes, I didn't buy a car. I worked non-stop. So I didn't even have time to spend the money I earned. Now, when you start generating a money flow and reinvesting in a business, how did you scale up? You need to scale up to produce more products, expand the distribution, and, of course, you start slowly learning the business. You make a lot of mistakes. I made a lot of mistakes, but learn from my mistakes. And the main thing is never to make the same mistake twice. On social networks now, because you ask me how I scale up. My daughter, who worked with me, and we traveled to promote products. In 2012, she came up to me and said, Mom, maybe we'll launch this app called Instagram and we won't have to travel so much. And I said, OK, let's try it. Let's see. Someone else might say, I don't believe in it, I don't want it. Like, absolutely nothing. I'll try anything. So we started publishing photos of our products and it became viral. And that's how we started sending products to some make-up artists or women and men who like our products and makeup and they made educational videos on YouTube or photos for Instagram. And we're the first beauty brand on Instagram and that's how we scale up. It blew up the company. So social networks changed the rules of the game for you. Completely changed the rules of the game. So you always have to be vigilant. Don't sit here and do the same business that you did 20 years ago. You need to adapt. You need to reorient. You need to adapt. You need to reorient. Business changes every day. Now with artificial intelligence, I'm learning this and I want to learn more. I want to introduce artificial intelligence into finance, product development, distribution, everything. You've already built a company worth a billion dollars. You've become a billionaire. You're still motivated to continue. Oh, I work as if I can't pay the rent next month. So... You work as if the rent is being paid. Oh, yes, yes. As if I love it. I love what I do. I don't even feel like I'm working. And that's the key. I believe that I'm more successful, that I have a goal every day, me and my daughter. Money is wonderful. Don't get me wrong. I love everything I have, everything I create. I work hard for it. But that's not all in life. My family, my clients, my friends. I wake up every day and I love challenges. I love solving problems. I'm a competitive spirit, so I have a wonderful life. Do money buy happiness? It depends on how you define happiness. They buy freedom. Freedom, yes. I think money buys freedom. But not self-fulfillment. No self-fulfillment. No, absolutely not. If you and I died tomorrow and you had one more guiding principle Oh, my God! And finally, by taking all this, you can build anywhere. You have great advice. Thank you very much. I appreciate you and wish you good luck. And everyone else who is watching, believe in yourself, because you can do anything you want. I have a question for you. I talk to all the billionaires I interview with. Can I get in touch with you? Of course. Guys, we just got to her. What did she say? I'm not a millionaire. I'm a billionaire. And she also did everything herself. Guys, she came from the communist country of Romania, came here to Beverly Hills and built a multi-billion company. You guys, she just gave a fantastic interview. But the time has come. We are going to leave Beverly Hills and go to Atlanta, Georgia, to find the richest woman who lived there and meet the youngest billionaire woman in the world who did everything herself. So come with us right now to the airport to fly to Atlanta. Okay, guys. So, we just passed the security check at the Los Angeles airport and now it's time. 11.00 pm and we are going to fly to Atlanta to meet the youngest billionaire woman of all time, who made her own contribution and we are going to find out how she built her billionaire company and how you, who are watching, can do the same. And since there are more millionaires and billionaires than in most cities in the world in Atlanta, we are going to see who we can find in the richest areas of Atlanta. So come with us right now to Atlanta, Georgia. Okay, guys. It's 5.00 am and we just landed in Atlanta, Georgia. And in a few hours, I'm going to the richest area of Atlanta, Buckhead, to find some of the richest women who live here and see if we can get their advice on how they created their wealth. So follow the updates. Let's go there and see who we can find. Excuse me, ma'am, I have a question for you. How old were you when you became a millionaire? I was 33. 33. And how did you get rich? I run a technology company. You run a technology company? Yes. How long have you been a business owner? I left Wall Street in 2013. You were on Wall Street? Yes. My job was to provide a lot of people with a life. I came up with this idea in 2013, but we didn't make money as a business until 2017. So how much money did you make in one year? A little less than $10 million. $10 million? What a shame. I travel the world, interview the richest people to help the young generation. Can I talk to you for our channel? Of course. Have you ever met a billionaire? Of course. I was on bank accounts of billionaires and in the houses of billionaires. Of course. So where do the richest people put their money? I want you to think about the richest people you've ever met. Where do they invest their money in the modern world? It's not talked about much. Okay, let's start. 80% of their money is usually in securities, which are easily transferred to the market. That is, stocks, bonds, mutual funds, ETFs, etc. 10% of their wealth is in cash, and the rest is 10% in alternative investments. These are investments that cannot be quickly converted to cash. That is, this is real estate, private investments that can give you the opportunity to significantly increase your capital Married people invest their money in cash. They always invest in something that has the potential to increase their wealth. Do they save their money on a savings account? No, married people invest their money in work. I think we all have job instructions. Even when I run my business, I have job instructions for my money. You can't save or work to become rich. You can only invest your way to it. Do you come from a rich family? No, I didn't come from a rich family. I come from a middle-class family. Two parents. I was the first person in my family to enter college. The first entrepreneur, the first millionaire in my family. Did you study at Howard University? I studied. I grew up near Washington. Yes, I studied. The best HBCU in the world. What was your turning point on the path to financial freedom? I think that one of the most important things that I learned about 1% of the owners of real estate on Wall Street is that they believe that they have power. They believe that they deserve to be in the room. They believe that they should be rich. Most people don't even believe that they deserve to be at the negotiating table. Have you ever doubted yourself? Absolutely. Dot. I was the only dark-skinned woman on my floor on Wall Street. I sometimes felt that I was not good enough, but at the same time I knew that I could become a billionaire because I was in this room. Are you going to become a billionaire? Absolutely. General Director Billion Dollar right here. Absolutely. Your last message to the younger generation. You have received a wonderful advice. Guys, she made $10 million in one year. She started on Wall Street, went and created a multi-million-dollar technology company. He just gave a phenomenal interview. But I liked it the most when she said that the richest people in the world are billionaires with their money. And I just have to say, guys, you won't find this information at school or any of these online courses. Only here, in the school of heavy blows. But as you know, we need to continue this case, because we need to continue to find the richest people in Atlanta. Well, guys. Okay, guys. The time has come. We are going to try to meet and take an interview with the legendary youngest woman billionaire in the world, who did everything herself, Sarah Blakely, in the West, which takes place about an hour south from Atlanta, Georgia. Guys, we're going to come and see if we can actually get to her and interview her for our channel. Guys, I took an interview with over 25 billionaires, but she was one of the richest I've ever taken, given that she is one of the few billionaires who did everything herself. So we will do everything we can to try to get this interview for you, guys, and get a million dollars. Okay, guys. So we just got to the destination. We are now going there to meet and take an interview with the legendary Sarah Blakely to find out how to become a billionaire. Let's go. Hello. How are you? Hello. Hello, Sarah. How are you? Good. Nice to meet you. Congratulations on all this movement and you know how successful you are. Thank you very much. You stop people and ask them for great advice. We appreciate it. Yes, it was a lot of fun. We meet such amazing people like you. So it's worth it. Of course. Your story was extremely inspiring and I wanted to do it for several years. So I'm glad that we can also tell it to our audience and you made an amazing journey. So I know that they are looking forward to it. My only request is not to hold back. We are going to share with them the secrets of what it takes to build a brand worth a billion dollars. Okay. Can we do it? Well, let's do it. Great. I know all the secrets. The. Who am I here today? Sarah Blakely. And for those who don't know what was your business? I make better seats. My business was a spa. You are the founder of a spa. I am the founder of a spa. What is the largest amount of money you have earned in one year? A lot. Name the range. Hundreds of millions. Hundreds of millions of dollars. And you sold your company. Yes, I did. For how much? I sold it for $1.2 billion. You sold your company for $1.2 billion. You are a billionaire. It makes me a billionaire. Yes. For those who don't know if you had a lot of money when you started your business. No. You. I had $5,000 that I saved by selling fax machines from door to door for seven years. You, guys, know what a fax is. I sold them and saved my money. Was it easy to hire people to invest in your company? It was so easy for me to find investors. You know why? I'm the only investor. You never hired investors. You. I never had any investors in a spa except for me. Are you serious? I'm serious. Are you serious? I'm serious. So it was very easy to find an investor. I sat down with myself and said, do you want to spend your $5,000 on vacation or do you want to bet on yourself? And you made a bet on yourself. And I made a bet on myself. So you don't think that people should want to give up their company and give up their ownership to other people. Listen, so that you don't give up in your business, you have to be very ready for it. So... You refuse to control. You have to control. You have to make all attempts. Yes. I mean, I literally had no investors. I had to rely on my own intuition, which I respected throughout the whole process. I always pay attention to intuition, not data, and I don't think that investors really understand it. So it played into my hands, because intuition is not an electronic board. Did you often run into rejections? Did I often run into rejections? I sold fax machines for 7 years from door to door. Rejection is my second name. I was so often rejected that people tore my business card in front of my face and kicked me out of the building. So when I founded Span, I knew that rejection was just a part of the formula for success. I absolutely did not worry about rejection. In fact, the more I received a rejection, the more I thought, oh, I'm closer to my goal. How did you set up a love scene as a business owner when you just started? Oh my God, where do I start? Well, when I got Neiman Marcus, which was such a prestigious retailer, I had the opportunity to be in the same pocket of the store with the whole department of Panshih. You know, Span was something in between Donna and Karen and Calvin Clay and all these huge brands, and no one heard about Span. So I took the containers I bought at the Depo office and hung them on every checkout in the store, which is not good. Neiman Marcus has a very strict visual policy, but everyone thought that someone else had praised it. So I tried to take the product out of the darkest corner of the store and move it to where the buyers actually were. So to really achieve success, you need to do everything possible. Absolutely. Do everything you need. And I always say, I'm sorry, but no permission. I like it. Everyone started buying like crazy. And by the time they understood, no one had praised me for being able to do it. The general manager at Neiman said that if this girl didn't do it, let her continue to do it. So you can say with confidence that no one will run your business like you are the owner of the business. Yes. I saw in the video you recently made that, in your opinion, people should wait before discussing their idea with other people, but there are other people who may disagree with this and say that you need to talk about your business and introduce it to as many people as possible to hear your opinion. You disagree with this. I disagree with this. I waited a year before telling my friends or family what I was working on. And that's because I didn't want it to get involved too early. When it gets involved, you waste time on its protection and explanation instead of developing it. So I wanted to devote enough of my personal time to creating this crazy idea. I worked on it at night and during the weekend until I realized that I wouldn't give up when I started to doubt. And your loved ones will be moved by such things as my family. Saro, if it's such a good idea, why hasn't anyone else done it? You know, even if it's a good idea, big guys will take you down in six months and you will spend all your savings on it. If I had heard these things at the moment when I had the idea, I would probably still be selling faxes or something else, because there are no more faxes. But it's true, because the most impressive ideas are at the moment when they appear in you. And it's also the instinct of people to share their ideas at the most impressive stage, because you have an idea and you turn to your colleague, husband, wife and say, Hey, I have an idea. And out of love they will give you a list. Hey, maybe you should take a look at this. And I didn't want it to happen. So intuitively I waited a year before planting my family and they all thought I was crazy. They were like, wait, what? This is the idea you worked on. This is a new type of underwear. I'm like, yes, it will change how women are dressed all over the world. What did you see differently than your family? People who called you crazy. The way I saw it, that's what solves my problem with clothes. So all the underwear was too thick before that. It was heavy. It was made of thick material and the lower underwear was visible. The lines of the panties were visible. I know you had such a problem, but in any case, you could see the lines of the panties and I wanted a smooth look. So I thought about the tights only because they are like a second skin. The material is so light that if I could make underwear out of it, it would breathe. It wouldn't be voluminous, it wouldn't be as tight as it was with other traditional types of underwear and belts. So it really created a completely new canvas for women. And I want to point out that I started working in a field that was experiencing a double decline. And it fascinates me. A lot of people like to follow the trends and where everyone is going. And I'm curious which fields seem to fall short and why. And the tights didn't fall short because the fashion changed, the women's style changed and no one solved this problem. So when I created SPAN, I created a new type of underwear that didn't exist out of the lightest material that would be the second skin in the tights that were worn under women's clothes. And bam! It was like a flash in the pan and I filled in the void that women were waiting for me to fill in. Your last message to the young generation who is trying to become a billionaire in the modern world? Solve the problem, bet on yourself and have fun. Guys, I need you to stop what you're doing right now, like and subscribe to this channel to get a lot of incredible content that I'm preparing very, very soon because no one interviews such people. No one creates such content. Guys, I'm 23 years old and I've interviewed over 25 billionaires and more people come to you every week. The most adventurous, the most amazing business owners in the whole world. And I need you to do me a favor. I want you to follow the links in the description of this video to become a member of the most powerful community of entrepreneurs number one in the world of the school of mentors. And within this community you get direct access to multimillionaires and billionaires with whom I interview every week on this channel, where you can ask your questions directly to multimillionaires and billionaires like Sarah, where they give you practical advice on how to build your first million and possibly billion business. So I can't wait to meet you inside. Just follow the links in the description of this video. With regard to this, see you in the next one.