| Net Worth: | $70 Million |
| Age: | 43 |
| Born: | April 11, 1977 |
| Country of Origin: | United States of America |
| Source of Wealth: | Entrepreneur/Investor |
| Last Updated: | 2020 |
Tai Lopez is a serial entrepreneur and investor. He is an advisor and partner to almost two-dozen multi-million-dollar businesses. He is the owner of the largest book-shipping club in the world, has interviewed numerous celebrities, and to-date has over 10 million followers and subscribers across social media.
Entrepreneurs sometimes struggle because their first ideas might turn out to be failures. Some expect to become overnight sensations and instantly famous. Lopez’s life story and businesses prove that it can take several years to reach your goals, but you can still be successful.
As of 2020, Tai Lopez's net worth is estimated to be $70 million.
Life Story: How All Began for Tai
Lopez’s story and companies put him on a crash course toward success. There may have been detours along the road, but he always felt like his destiny was to find a good life. Then his goal shifted to help other people as well to find their dreams and increase their net worth in the meanwhile.
Lopez was born in Long Beach, CA. His mother and grandmother raised him since his father was imprisoned while he was growing up. The entrepreneurial spirit was strong in him from early on, starting his first business when he was six years old selling cherry tomatoes.
Although he has seen significant success in his business ventures in recent years, that first opportunity Lopez followed wasn’t as great. He started a lemonade stand to pursue a different set of customers and discovered that he could earn much more that way.
Lopez Sought Inspiration in the Classics
Lopez grew up in an economically disadvantaged neighborhood. Instead of making friends, he discovered that reading books provided a release from the world. Even today, he claims that he reads at least one book daily because of this habit and that this is the most important thing that lead him to his success with money and net worth.
During his teenage years, Lopez sought solace from the gang violence in his neighborhood by studying the traditional teachings of Aristotle. He even wrote to his grandfather asking for advice on how to live a good life because of the influences of this work.
Lopez’s grandfather wrote back, telling him that the modern society was too advanced for anyone. The answers which he sought would need to come from more than just one person. Then Lopez received several boxes of books that he could read on the subject.
He would try to go to college but then realized that traveling to meet other people and discover new places would have been more valuable. That’s when Lopez decided to save enough money to travel to over 50 countries.
Living Broke and Homeless in the United States
Lopez returned from his travels with less than $50 to his name. He found himself homeless after living with the Amish for two years to learn their way of life. Moving into his mother’s mobile home, feelings of failure surrounded him. He wanted to find a way to be productive. Then Lopez found some inspiration. He opened the local Yellow Pages, saw the most significant advertisement in the Finance section, and decided to pay that person a visit. He put on his best clothes the next day and then asked to work for free if he could receive mentorship.
That would be the moment that would change Lopez’s life. Not only was it a fresh start, but it would also become a reason that he could share the unique experiences of his life in ways that could help entrepreneurs find new levels of success. That's when his net worth started to become substantial.
In less than ten years, he would go from being broke on his mother’s couch to appearing as a millionaire on the 2008 show The Millionaire Matchmaker.
The Jobs and Businesses of Tai Lopez: All of His Companies
Even though Tai dropped out of college, he secured a position at GE Capital thanks to the experiences and mentorship he learned. He would also become a Certified Financial Planner.
As a founding partner for LLG Financial Inc., Lopez, and his firm would help to manage $100 million for 6,000 clients in the United States. He would stay with this business opportunity until 2007 before embracing his entrepreneurial spirit.
Lopez’s ownership in Elite Global Dating helped his wealth to rise so that he could begin to help others. Several dating websites were part of his business portfolio through 2015, including EliteMeet, MeetingMillionaires, and EliteFling.
- His podcast generates sponsorship money as well. Lopez began “The Tai Lopez Show” in 2014, which now features advertisers like LightStream, StockX, NetSuite, ZipRecruiter, and TalkSpace. It averages approximately 100,000 downloads per month, and had guests such as Jordan Belfort and Gary Vee.
- He has been a guest as well of several famous podcast, such as Impact Theory of Tom Bilyeu, Lewis Howes's School of Greatness, and Alex Becker's live conference.
He became an owner of a nightclub in Hollywood. Then in 2014, he began to create and sell online courses, including his flagship 67 Steps Program. This part of his portfolio works with his Amazon affiliate account which pays commissions for his recommendations on his sites.
- Lopez’s online courses are one of his most significant sources of revenue. Besides his famous 67 Steps course, Lopez offers over a dozen different lessons, including the Real Estate Mentor Program, Social Media Marketing Agency, the Mini MBA Academy, the Amazon Sales Blueprint, and Sales Mastery Black Belt.
- MentorBox is another signature company started by Tai and Alex Mehr, of which he is a 50% owner. It generates revenues of up to $1.5 million per month. This subscription program delivers lessons to a customer’s home each month for the same price as a streaming video service.
- He also works with affiliate marketers, generates income through his podcast, social media sponsorship, and a partnership with Swanwick to sell blue-light protection glasses that can help you to sleep better at night or stay focused on your computer work.
Tai Lopez's In 2020
One of the reasons why I respect Tai is that he is a real doer always on the move. Which doesn't need to be mistaken for his love for books (he's particularly fond on everything related to Charlie Munger and Warren Buffett).
His approach of running lots of experiments on yourself per year (often re-stated with his famous quote “Who Experiments the Most Wins“) has helped me an inspired me a lot in life, to push forward and be less afraid of failures (which is often a byproduct of the ego.)
Lopez's moves in late 2019 and 2020 are a living and breathing example of this approach to success.
- Over 2020 Lopez almost disappeared from the channel that brought him his fame, YouTube. He posted much less frequently than before, with the exceptions of a few live videos and some quotes.
- The less frequency of posting doesn't have to be seen as a bad thing. Instead, while fake gurus depend on their talking to pay their bills, Tai is on the trenches. The main focus of 2020 for Tai is arguably the launch of Retail Ecommerce Ventures, an investment firm he co-created with his long-time business partner Alex Mehr. Together, they specialize in acquiring distressed assets, including the former chain of clothes Dressbarn.
- This was a big move if you think about the fact that Dressbarn had 544 remaining Dressbarn locations just at the time when Lopez's and partners acquired it.
- This investment firm is mainly focused on investing in brands that still have some equity offline, to then re-concentrate them online via e-Commerce, which is obviously the specialty of Lopez's and Mehr, both successful Internet entrepreneurs.
- I think this new move in Tai's life is a fantastic example of how he evolved as a person and as an entrepreneur—literally moving from working for $0/hour for his first mentor to then building some minor success online, and subsequently to hundreds of thousands of dollars per day.
From another live, now unavailable on his YouTube channel, Tai explained how he's orienting his real estate investments towards assets that support eCommerce (i.e., warehouses in strategic logistic spots), as well as his other brands online such as Farmerscart.
Lopez's net worth is probably growing in 2020 from what we can see on the outside.
Is Tai Lopez a Scam?
Tai's flashy style and Lamborghini-showing approach got him under the limelight. With fame comes critics they say.
I personally don't know Tai, but two reputable businessmen, Neil Patel and Eric Siu spoke about the subject on their popular podcast.
Patel that knows Tai, clearly stated that he isn't a scam. He claimed that the issue rises up every time someone sells info products as Tai does.
“If you talk to Tai and you get to know him, and I’ve been to his home, I’ve seen a lot of the stuff. You know, he’ll talk about cars. He’ll tell you he leases them. It’s not like he’s saying he bought it outright.”
Neil Patel
Most people who go through this kind of digital product never follow through with the things taught, so they obviously don't get results. But this can't be claimed as being a scam.
Tai has proven to be a successful entrepreneur and investor that overtime, with both wins and losses, has built a business empire. Most people who critique him are sitting on their sofa and never tried to build anything significant themselves.
As well, Tai had lots of successful students in his courses. While I honestly think some of his training is not the highest quality around and can be better, here's a video with some of his mentees that reached a lot of achievements in a short amount of time.
Law of the big numbers? Could be. But a scam is defined as something that doesn't deliver on their promises, so I don't see a good reason to define Tai as such.
I personally learned a lot from Tai's courses, particularly the 67 Steps and his Accelerator. He had a huge positive impact on my life, pushing me to improve myself and develop critical thinking.
Did Tai Lopez Participate to The Millionaire Matchmaker?
Yes, Tai was one of the millionaires in, well… The Millionaire Matchmaker, a popular show aired in 2008.
You can watch the full episode with Tai here (episode 4)
Does Tai Lopez Even Owns His House?
Following his famous ad, Here In My Garage, Tai started to aggressively show on YouTube his second most successful advertisement video called “Here in My Backyard.”
Popular YouTuber h3h3 right after claimed that the house was rented.
Tai responded to one such rumor in a tweet on January 2017:
However, after many years, Tai is still living in his house in 8581 Santa Monica Blvd # 703 West Hollywood CA 90069.
h3h3 even visited the villa after some years.
While Tai admitted that the house is on a long-term lease (there is nothing wrong with that as he never claimed to own it neither), the monthly cost of renting it is still very considerable and definitely not for everyone's pocket.
The estimated Monthly Rent of Tai Lopez for the Beverly Hills House is $85,000 (source: Realtor.com, HotPads.com, Zillow.com.)
He probably pays a bit less because of the long-term nature of the contract.
Books
Tai became popular also because of his claim of reading one book a day. He claimed as well that this habit was the number one thing that allowed him to make so much money.
But what are Tai's favorite books that can make you money as well?
While has an extensive list on his website (link), here are the books that Tai believes will make you the most money:
Can Tai Lopez Inspire You Toward Success?
Since 2008, Lopez provides essential advice, marketing strategies, and unique insights because of his story. He uses the wisdom gained from his track record of success to help many people follow the same journey.
He has already helped over 5 million people around the world. Me included.
Lopez proves that any life story can become the foundation for success. Over 200,000 people so far have taken the 67 Steps Program that Lopez designed to help bring more success into their lives as well as the hundreds of thousands from his social media channels, YouTube in particular. There is plenty of money to go around so that everyone can find the wealth they want, and possibly achieve a similar net worth to the one of Tai.
Now it is your turn to see how much success you can earn.
