Looking for info regarding Alex Hormozi’s net worth, wife and companies he owns like Acquisiton.com?
Alex has built up his millionaire net worth over the years and in this piece, we will cover how Alex Hormozi accumulated his net worth.
We will also take a look at his history, his corporate strategy, gym launch secrets, his wife Leila and cover many more topics.
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Alex Hormozi Net Worth, Background & Companies
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Alex Hormozi Biography
Alex Hormozi is a millionaire entrepreneur, investor, philanthropist, and fitness enthusiast. In addition to that, he is the proud owner of three successful companies. He’s also written two books. He reminds me of other successful guys we’ve covered here before like Patrick Bet David and Tom Bilyeu.
Alex Hormozi’s area of expertise is in acquisition and monetization. Other than that, he is also the host of a renowned show called ‘The Game Podcast’.
Alex Hormozi’s unique character, success, and other attributes have helped him garner a vibrant social media presence. Consequently, both his accounts on Instagram and YouTube channels have millions of followers.
Early Life
Alex Hormozi is a first generation Iranian-American. He was the first person in his family to find success as an entrepreneur.
He started out just like any other immigrant in the U.S., facing the pressure of his family to follow the traditional path with a white-collar job.
In 2011, he graduated from Vanderbilt University Magna Cum Laude with a Bachelor’s Degree in Human & Organizational Development with a focus on Corporate Strategy.
Right out of school, the first job he landed was as a management consultant for a boutique strategy firm. Two years into the job, he realized he wasn’t going to be in the 9 to 5 rat race. Therefore, he quit his job to start his first business.
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Alex Hormozi Net Worth
Today, Alex Hormozi has a net worth of more than $100 million. He claims to bring in a further $15 million a year. This has likely grown considerably over the last several months as he has built up more fame online.
Alex Hormozi’s main source of income is using his experience to help other business owners to grow and expand their businesses.
Alex Hormozi has founded 7 successful business ventures. He’s also been helping small businesses become giants with his tried and tested sales and training model.
Alex started his journey with a brick-and-mortar business. After initial failure, Alex Hormozi turned it around, sold it to make millions, and is now helping others leverage his business model.
As of today, Alex Hormozi has established himself as a successful social media influencer, webinar conductor, author, as well as a podcast host.
Alex regularly shares the life lessons, failures, and other topics that helped him to gain success.
Gym Launch, Prestige Labs, and A.L.A.N, – are the three main companies that have helped Alex Hormozi to have an estimated net worth of $100 million.
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How Alex Hormozi made his money
The Early Days
When Alex Hormozi was a teenager, he was obsessed with the gym and fitness in general. The obsession to have a better, fitter physique was always in his mind when he was in high school and college.
As he was always keen about fitness, Alex Hormozi started a gym. His passion and obsession surrounding fitness was one of the driving factors that led him to write gym launch secrets.
Unfortunately for him, being a gym owner wasn’t that easy as his business model was characterized by losses and difficulties.
At the time, things went slow. During his first few months after launching the gym, things got so tough that he couldn’t even pay rent and had to sleep on the gym floor. But these factors weren’t going to stop Alex Hormozi from attaining success.
With a lot of hard work, dedication, consistent practices, and successful business strategy, Alex turned things around and in no time, he started to make up to $10,000 a month. At the same time, other gym owners were facing losses in their business.
To be more precise, most gyms in town were going out of business, and Alex took this opportunity to buy their properties. He followed a different and unique business strategy that helped him make money from these fitness centers.
Expanding his Gym Business and Consulting
In just three years, he had expanded his business to three more locations generating 5 figures in monthly revenue. He eventually sold all of them to move into a different business.
The two years that followed, Alex turned around more than 32 business ventures across different industries, selling them off for millions of dollars.
He used the tried and tested model he initially developed to monetize and scale up the first gym business. Alex was a master of this model and he decided to become a consultant. He would help other business owners by sharing it as a sales and marketing strategy.
He licensed the business model and expanded to more than 4,000 locations in just 4 years. He also started three more companies and scaled them up to generate a cumulative revenue of over a hundred million dollars.
He has started and scaled up 7 companies without seeking external investment from angel investors. He often sells his ventures to monetize them and make money off of them. In once instance, he sold a licensing company for 8 figures.
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Gym Launch
Alex Hormozi then decided to take a further action and founded Gym Launch, a dedicated company to help gym owners who were running out of business or facing losses.
At this phase of Alex Hormozi’s career, he met a partner who later became his wife Lelia.
Working together, they decided to do something unique. They started a new company called Gym Launch. The motto of Gym Launch company is very simple i.e. the company approached various gyms with a mission to help owners improve their establishments and come up with sustainable business practices.
The company grew in popularity and expanded its business. In just a few years, the business grew to more than 40 employees and attained a revenue of more than $24 million. American Pacific Group, a San Francisco Bay Area-based private equity firm, invested in Gym Launch confident in its growth.
Even with the success of Gym Launch, Alex Hormozi never stopped looking at other business opportunities.
Other Companies
Remember, Alex was a management consultant when he was in college so this helped him expand his reach as an entrepreneur.
In 2019, Alex Hormozi founded the Prestige Labs supplement company. Prestige Labs had a brilliant project: Done For You Meals (D.F.Y.M).
Apart from that, Alex Hormozi opened A.L.A.N – a SaaS business model that guides gym owners, dentists, chiropractors, and law firms to expand their companies.
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Acquisition (dot com)
In 2020, Alex founded Acquisition.com and became a venture capitalist. Through the company, Alex invests his wealth to help promising businesses grow. He targets small- and-medium sized ventures by providing them with capital. He also assists these businesses in sales and marketing strategies.
The portfolio of companies he has comprises asset-light, high cash flow, sales-based service, and digital products businesses that he targets with a “character first” lens of investing.
Since he has gotten so good at helping budding businesses, Alex has write a book titled “$100M Offers How To Make Offers So Good People Feel Stupid Saying No.” It is a best-seller on Amazon in three categories.
Alex Hormozi Books
Alex is the author of several books including the most popular $100m Deals and his most recent $100m Leads.
Conclusion
Alex Hormozi’s success as an investor has allowed him to garner a large fanbase online. He has a popular podcast and over 2 million follow him on social media. Apart from being a venture capitalist, Alex is also a philanthropist. He donates to nonprofits working for the welfare of underprivileged children.
His goal is to continue helping businesses scale up and make more money while also trying to turn Acquisition.com into a billion-dollar brand.
Before you leave
If you’re tired of scams and want a real solution for making money online, check out my no.1 recommendation.
This is the best business to start in 2023 and made me over 27k last month alone:
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David Fortune has been the editor NoBSIMReviews.com since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.