Slow and Steady wins the race. This is especially true for those who slowly invest in companies that will eventually make their investments worthwhile.
We are talking about Tim Ferriss and his vast $100 million net worth, which he built through investing in businesses, book sales, podcasts, and more. Swipe and keep reading below to learn how this man has raked in such an insane amount of wealth in such a short span!
Who Is Tim Ferriss?
Tim Ferriss is an American author, entrepreneur, and podcast host best known for his bestselling lifestyle book, The 4-Hour Workweek. He has also written similarly popular books like The 4-Hour Body and The 4-Hour Chef.
In addition to this, Tim is also the host of the popular podcast, The Tim Ferriss Show. He interviews various people in different fields, learning about their journeys, habits, routines, and strategies they have applied for their success.
Full Name | Timothy Ferriss |
Birth Date | July 20, 1977 |
Birth Place | East Hampton, New York, U.S.A. |
Nationality | American |
Age | 47 (as of 2024) |
Education | Princeton University (BA in East Asian Studies) |
Relationship Status | Unmarried |
Also Read: Bradley Martyn Net Worth: How Rich is the Fitness Influencer?
Tim Ferriss’s Net Worth
Tim’s Net Worth is $100 million as of 2024. His main source of income is selling his popular books and podcasts. A large chunk of his income is also from his business investments, which have blossomed today.
Keep reading to learn about Tim Ferriss’s work as an angel investor and how that has helped him secure his net worth today.
Tim Ferriss’s Business Ventures
Tim graduated from Princeton in 2000. He landed a job in tech but has remarked that the monotony of 12-hour workdays would frustrate him. During one of these dull workdays, he stumbled upon the research of starting a sports and nutrition company. He estimated that such a business would need 5000 dollars to start. It would cover everything from outsourcing to product and ad design.
This is how BrainQuicken was born. This was Feriss’s first business venture. The company performed well, earning $40K a month within the first two years of its launch. The company outsourced dietary supplements to enhance athletic performance. In 2009, Tim sold the company for an undisclosed amount; however, it is estimated to be in the 8-figure ballpark.
Also Read: Steve Will Do It Net Worth: How He Built His Multi-Million Dollar Empire
Time As An Angel Investor
With the capital he had created using BrainQuicken, Ferriss took the next step that any intelligent businessman would take. He started investing. Ferriss was among the first investors in companies such as Facebook, Twitter, and Alibaba. His stock value in these companies was around $10M per year.
Time As An Author
Before selling BrainQuicken, Tim Ferriss worked only a few hours a week because he knew how to delegate responsibilities. He reveals how to achieve this kind of efficiency in five bestselling books, one of which he titled – The 4-Hour Workweek. It sold more than 2 million copies.
Time As A Blogger
Following the success of investing and sales from his books, Ferriss developed the “Tim Blog” to generate traffic toward his online brand. This blog showcases the most up-to-date information for entrepreneurs on market trends and currently features 366,000 monthly visitors. Today, the blog mainly promotes his highly successful podcast, The Tim Ferriss Show.
Podcasting Life: The Tim Ferris Show
Tim already had an excellent reputation thanks to his net worth, and he was already taking a significant lead through his role as an author and angel investor. This allowed him to invite great speakers such as Mark Zuckerberg and Arnold Schwarzenegger to his show. The podcast has five sponsor slots, and each advertisement can cost up to $50k. The total amount Ferris can earn per episode is $250K.
Also Read:
The Flywheel Effect
Borrowed from the concept of mechanical engineering, the term is used to describe a flywheel effect built over time by continuous, sustained effort. In mechanical engineering, the term “flywheel” actually refers to a heavy rotating wheel that helps store and manage energy, so the energy maintained in steady momentum makes the sustaining of motion easier.
The flywheel concept in business was introduced by Jim Collins in his book, “Good to Great,” and describes how most successful companies are born through components that feed into generating momentum.
The same can be found in the case of Tim Ferriss, whose momentum started with his successful startup, BrainQuicken. He took lucrative measures after selling the business, which now allows him constant cash flow to invest in new businesses and other projects.
Fun Facts About Tim Ferris
- Tin’s podcast, The Tim Ferriss Show, is his first business to have over 100,000,000 downloads.
- Tim Ferriss is fluent in Japanese and has also studied Mandarin Chinese. He did his bachelor’s in East Asian Studies from Princeton University.
- Tim has a black belt in Brazillian Jiu-Jistu. He is a keen enjoyer of martial arts.
- Tim Ferriss has over 1.9 Million Followers on X (formerly known as Twitter)
- He has over 1.5 Million Subscribers on YouTube.
- His Instagram family has 1.6M followers.
- Tim Ferriss also has a newsletter. His most popular newsletter series is 5-bullet Friday, in which Tim lists five interesting things he discovered or explored that week.
- Tim’s best-suggested tip is, “It’s always better to earn $5K working 4 hours a week rather than making $10K working 8 hours a day.”
- Tim Ferriss once did a popular TedxTalk called “Fear Setting.”
- Tim Ferriss lives by Leo Tolstoy’s quote ― “Everyone thinks of changing the world, but no one thinks of changing himself.”
Also Read: How Much Is Starry Night Worth? Discover Its True Value
Conclusion:
A quote summarises the best takeaway from Tim Ferriss’s journey he says “To become “successful,” you have to say “yes” to a lot of experiments. To learn what you’re best at, or what you’re most passionate about, you have to throw a lot against the wall.”
To succeed, one needs to take risks, experiment, and fail. You can not move forward without going through trials and errors to realize what works best for you.