Rich Dudes│Patrick Bet-David's Self-Made $200M Net Worth

Patrick Bet-David is the embodiment of the classic self-made success story. He was born in Tehran, Iran, but had to flee to the U.S. with his family during the Iran-Iraq War when he was 10 years old.

After settling in Glendale, California, Bet-David joined the United States Army’s 101st Airborne Division and eventually went on to have a successful career in the financial services industry.

Bet-David has since achieved a $100 million turnover and a $200 million net worth.

Patrick Bet-David net worth at a glance:

Patrick Bet-David began his entrepreneurial journey at age 10—earning his first dollar cleaning pools. From a young age, he had ambition and drive that pushed him to success.

He worked as a financial advisor for Morgan Stanley, where he earned an average salary of $65,000. After leaving the job, Patrick ventured into the field of media by starting Valuetainment.

Patrick has authored several best-selling books and started The Bet-David Show—a podcast series with an over 3.5 million-strong following on Instagram. Not to mention, he has interviewed entrepreneurs, guest speakers, and even the likes of Kobe Bryant and Wayne Gretzky on his show.

Patrick's drive for greater things paid off when he raised $10 million in capital for his financial services marketing organization in 2017. He built his fortune from scratch and today sits on a $200 million fortune.

Patrick Bet-David is best known for his impressive business acumen, but he is also an astute investor. After a successful career in financial services, he founded the PHP Agency and Valuetainment, which is a financial education platform. He is also an investor in stocks, real estate, cars, and cryptocurrencies. 

His military background and college degree have helped him develop a well-informed approach to investing. He has even caught the attention of financial giants like Morgan Stanley and billionaire Mark Cuban.

Startups

Patrick Bet-David has created a financial services empire with companies PHP Agency Inc, Valuetainment Media LLC, and Valuetainment Investments Group—equity investing between $1 million and $5 million in the startups. He’s aiding the next generation of entrepreneurs by helping startups succeed, create jobs, and bring new products and services to the world.

Fast forward to today, and Valuetainment Media LLC has grown from a mere Youtube channel in 2012 to a platform that reaches millions of viewers worldwide and educates young entrepreneurs on finance, business, politics, family, and investment. The Valuetainment channel currently boasts more than 4 million subscribers and 558 million views.

Startup investments can be very lucrative—after all, there’s the potential to keep 100% of the upside. Well-balanced portfolios can yield an internal rate of return (IRR) of 25%, a cash-on-cash return of up to 3x in five years and up to 9x in 10 years.

Real estate

Patrick Bet-David is living the high life as his newfound financial freedom enabled him to invest an impressive amount. He and his wife Jennifer now own two multimillion-dollar properties between Texas and Florida, with the most recent purchase in Florida setting a community record of $20.4 million in 2021.

It appears that Patrick Bet-David is no stranger to big investments. After all, the head of Valuetainment—the number one media network for entrepreneurs—and author of the book Your Next Five Moves has ample experience taking risks and making smart investments.

Real estate has been a great investment for many people over the years, typically yielding an average annual return of over 10%. Residential real estate returns usually come in at around 10.6% per year while REITs rake in a more impressive 11.8%. 

Location and market conditions are two key elements that make a difference in the return on investment, as well as how much was initially paid. 

Now with Fannie Mae increasing the maximum number of mortgages to 10 per borrower, real estate investors can get in on the action too.

Luxury cars

Patrick Bet-David knows a thing or two about investing in luxury cars. He's certainly not one to spare any expense—after all, his Ferrari SF90 Stradale set him back a cool $1.2 million. 

But he's not all about spending the big bucks. He also owns a BMW i8 priced at around $148,495, a Ferrari 458 Italia worth $245,000, and a Lamborghini Aventador which cost him around $354,400.

Although his portfolio does include some of the most luxurious and expensive cars in the world, another of his biggest purchases is the Rolls-Royce Dawn, coming in at $428,050. 

Patrick Bet-David clearly leaves no stone unturned when it comes to luxury cars, always making sure to get the biggest bang for his buck—and of course looking great on the road. It’s certainly an impressive investment, but who can put a price on the joy of owning these stunning luxury cars?

According to Fife Free Press, luxury cars have a high resale value, with brands like Porsche, Acura, Audi, Chevrolet, Lexus, and Mercedes-Benz either depreciating less or increasing in value over time.

Owning exotic cars also means access to state-of-the-art entertainment technology and VIP and concierge services. Furthermore, luxury car owners can access money with minimal bureaucracy through title loans and enjoy reduced insurance costs and other bills. All in all, luxury cars are a great investment for those who can afford them.

1. Develop good habits

2. Invest in yourself

3. Let your business run itself