Patrick Bet-David is an American entrepreneur, author, and financial adviser. He’s worth a whopping $200 million! He’s the founder of Valuetainment Investments Group LLC and PHP Agency.
But do you know how he made all that money? Well, it’s an incredible story! From starting out cleaning swimming pools to turning over $100 million with his business, Patrick has done it all. He’s also a talented writer, podcast speaker, and financial advisor.
To calculate the net worth of Patrick Bet-David, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets.
All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of his net worth:
|Source of Wealth:
|Entrepreneur, Business Coach, Investor, Business Consultant, Motivational Speaker, YouTuber
Table of Contents
Patrick Bet-David was born in Tehran, Iran back in October 1978. His family had to flee Iran and move to Germany when he was just ten years old to escape the dangers of the Iranian Revolution. Patrick and his father were separated for two years until they were reunited in Germany.
While living in a refugee camp with other families, Patrick discovered his entrepreneurial spirit by picking up trash by the pool, earning $0.0059 for each bottle he collected. He managed to collect 5,000 bottles, which brought him a total of $148 – not bad for a ten-year-old!
After two years in Germany, Patrick and his family moved again, this time to the United States, where he enrolled in high school. He struggled to make friends and had below-average grades, so he lacked the motivation to study.
Eventually, he decided to join the military and served in the 101st Airborne Division of the United States Army. After several years of service, he left the military with the hope of becoming a movie star.
However, life had other plans for Patrick. While dating a girl who worked at an investment bank, he realized that he wanted to become a financial advisor. And that’s exactly what he did! Patrick Bet-David is now a well-known financial advisor who has helped countless people achieve their financial goals.
Back in 2001, right after graduating high school, he applied to Morgan Stanley with a killer resume that really wowed the hiring committee. And guess what? He got the job as a Financial Advisor!
But things were about to change… the very next day after he was hired, the 9/11 Attack happened. It was a tough time for everyone, and the economy was really affected. Despite all that, Bet-David persevered and kept working hard.
Morgan Stanley paid him an average salary of $65,000, which was pretty decent at the time. After eight years there, he decided he wanted to try something different and become an entrepreneur. So he went to work at the Trans America Insurance Company for a while, but that wasn’t enough to satisfy his hunger for something more.
Patrick started his very own insurance company back in 2009 and named it PHP Agency. The company’s primary goal was to provide life insurance to people from every culture in America. With only 66 agents in California at first, PHP Agency quickly expanded to a whopping 500 agents just three years later in 2012.
Fast forward to 2017, the company raised $10 million in Expansion Capital from a group of private equity players including Atalya Capital, Gabriel Brener, Oscar De La Hoya, and Ambina Partners. Things were looking up for PHP Agency and in 2019 they hosted a convention with 8,000 attendees and even had Kobe Bryant and President George W. Bush as guest speakers.
Today, the company has more than 10,000 agents working in 49 states. Patrick, the CEO and founder, earns millions of dollars each year. PHP Agency has come a long way from its humble beginnings, and it’s only going to keep growing.
Bet-David is also the owner of Valuetainment Media LLC, a company that produces and distributes the Valuetainment channel on various new media platforms such as YouTube and Roku. With over 1.8 million subscribers on YouTube, it’s safe to say that Patrick’s doing something right!
But what makes Valuetainment so special? Well, it’s not just another channel about business. Bet-David uses his platform to share his passion for entrepreneurship while inspiring and educating tomorrow’s business leaders.
Through Valuetainment, he interviews successful entrepreneurs and high-achievers, including big names like President George W. Bush, Kevin Hart, Ray Dalio, Kobe Bryant, Mark Cuban, Steve Wozniak, Wayne Gretzky, Magic Johnson, John Calipari, and many more.
Books, Podcasts, And Other Ventures
Patrick Bet-David is now making a name for himself as a top influencer for young entrepreneurs and financial experts. He’s been sharing his experience and knowledge in multiple best-selling books, including The Next Perfect Storm (2012), The Life Of An Entrepreneur in 90 Pages (2016), Dropout And Get Schooled (2017), and his latest, Your Next Five Moves (2020), according to his website.
But that’s not all. Bet-David also posts informational and motivational videos on YouTube, and has a podcast called The Bet-David Show where he chats with guests about everything from world events, politics, sports, entertainment, business, and finance.
He’s also got a whopping 3.5 million followers on Instagram, where he shares financial advice for young entrepreneurs and encourages those struggling with their ventures with motivational messages. Plus, he’s been giving additional insights into Your Next Five Moves through his account.
Bet-David’s life wasn’t always easy, but he overcame difficult living situations and moved with his family, who helped prepare him for any obstacle that came his way. He’s now a powerful figure in finance, and his businesses have earned him a whopping $200 million fortune, representing the American Dream.
Is Patrick Bet-David A Scam?
Patrick is not a scam. In fact, through his insurance services marketing company and other ventures, he has amassed a wealth of $200 million.
Patrick is a true business guru, having built his empire from scratch while facing and overcoming criticism along the way. His company, PHP Agency, raised $10 million in Expansion Capital in 2017 from a group of private equity players, including Atalya Capital, Gabriel Brener, and Oscar De La Hoya.
In 2019, PHP hosted an impressive convention with 8,000 attendees and welcomed guest speakers such as Kobe Bryant and President George W. Bush. Additionally, Patrick owns Valuetainment Media LLC, which creates and syndicates the Valuetainment channel on YouTube and other new media outlets.
Using his social media platform, Patrick shares his passion for business and strives to educate and encourage tomorrow’s entrepreneurs.
It’s worth noting, however, that some people have criticized PHP Agency’s business structure, citing similarities to an MLM. The company’s members heavily rely on recruiting people to make money. To learn more, you can check out my full review on PHP Agency.
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