Codie Sanchez explains how wealthy people build fortunes quietly through holding companies. Bernard Arnault bought Louis Vuitton and Dior for cheap, then built LVMH into a luxury empire. Many entrepreneurs sell their brands to holding companies when they're done running them.
This guy's the richest f ing guy in the world. Lvmh. Anybody know this guy? Richest guy in India.
What's funny about this is one, you.
Don'T see these people on the Internet.
Why? Because they get rich pretty quietly. Two, these people all have.
One thing in common. What do you think that is?
They own.
Holding company.
You think Bernard came up with.
Louis Vuitton?
No. He bought that thing for pennies on the dollar.
Same with Dior.
And a bunch of the biggest brands in the world. They followed this playbook. Take your blood, sweat and tears as entrepreneurs. Entrepreneurs. And just at the moment where you can no longer tolerate running your business, they buy it from.
You and they.
20 exit.
