Shark Tank season 16's one of the main investors, Kevin O'Leary, aka Mr. Wonderful, has an impressive net worth of around $400 million, as reported by Celebrity Net Worth. It took some stringent steps, prudent financial philosophies, and a lot of hard work for O'Leary to reach that height. In Shark Tank, O'Leary is known for his critical outlook and straightforward approach.
In his words:
"He is the only shark who will tell you that your ideas suck and you are going to go bankrupt".
However, as Kevin O'Leary mentioned during an interview with Behind the Brand, it seems almost impossible to make the first $5 million, and making it $10 million is another impossible task. But he assured those willing to work hard, get kicked by reality, and dare to stand up again with all the experiences they gathered to start fresh would get to the top as he did.
During the interview, Kevin shared how he made his first millions and opened up about his experiences. He said to the host:
"The first 5 million is impossible. it's just impossible. The next five to get to 10 is very hard. Getting to 25 is pretty easy after you get to 10 and the rest..." he clicked his fingers as he concluded the line.
"You know nothing"- Shark Tank Investor Kevin O'Leary shared why 8 out 10 businesses fail in America
In an interview with Behind the Brand, Shark Tank's Investor Kevin O'Leary opened up about why 8 out of 10 businesses crash in America and fail. Kevin O'Leary explained the whole thing with his own example and told the host that it took him almost 30 years of experiences, the good, bad, and ugly, to get to the point where his intuitions do not betray him.
He told the host:
" The truth is eight out of 10 businesses fail in America within 3 years for One Singular reason: you know nothing and the real world's going to kick the living out of you and I can't believe this has happened to me."
He further shared that all the "euphoric investments" that turned out to have great outcomes were the result of his experience and the intuition that he developed out of it.
"I can sit in a room with somebody for 15 minutes and know if I've got a winner or not and 99% of the time I'm right. So I listen to the gut and I listen to the person, I listen to the plan. I know it's going to work or it isn't" added Kevin O'Leary.
Trending
Shark Tank Episode 7 will air on ABC on December 13, 2024, at 8 PM ET.
Reply
