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How Steven McBee Achieved a Net Worth of $5 Million

Steven McBee

Are you familiar with Steven McBee, the owner of McBee Cattle Farm? If you watch the show called “Joe Millionaire'' on Fox, then you probably have an idea of who he is. Otherwise, you may not be so sure. However, you might be surprised to learn that he has a net worth of approximately $5 million.

How does someone who owns a cattle farm end up with a net worth that rivals a lot of celebrities? There is no doubt that his has been a rather interesting journey. If you want to know more, keep reading.

Humble Beginnings

At just 27 years old, it's hard to believe that McBee has so far earned a net worth of $5 million, but he has done exactly that. As a matter of fact, he's made $250,000 this year alone. When you consider the fact that this year isn't even over yet (in fact it’s barely started), that's a considerable amount of money.

The question is, how did he make it all happen? He was born into a family with three other siblings and was raised in Independence, Missouri. By all accounts, his upbringing was fairly normal. Even today, he still lives close to where he grew up, although his current hometown of Gallatin is much smaller.

In addition, the family remains close-knit. He’s still close with his two adult siblings who actually help him take care of the farm. One of the things that they like to joke about is that he owns a helicopter because it makes it easier to watch over the cattle, especially considering the amount of acreage he has. However, he never got his pilot's license. While he enjoys flying, he allows his brother Jessie to handle the controls while he looks out for the cattle.

Making Millions from Cattle?

It's hard for a lot of people to believe that somebody can make this much money with a cattle farm, but he has managed to make a great deal of his net worth from the family business.

While it would be a mistake to say that all of his net worth has come from this venture, it is safe to say that an overwhelming majority of income has indeed come from the cattle business that he and his family own. If you are wondering how that's possible, it's important to note that this isn't just any cattle farm.

It would be far more accurate to say that it's closer to an empire than a run-of-the-mill farm. While the exact amount of acreage owned by McBee and his family has not been disclosed publicly, it is well known that they own a significant amount of acreage throughout the state of Missouri.

The Tour Business

In addition to the cattle farm, he and his family also run guided tours and even hunting tours throughout much of the land that they owni. All of this money contributes to what they're already making from the tens of thousands of dollars that come in annually from the cattle farm.

It's also worth noting that in addition to doing all of these things, they also sell hunting equipment. McBee himself has become very keen on reducing the amount of water waste on the farm. This in turn saves money. As such, they're doing the same amount of business as they've done for several years, but they're spending less money in order to keep everything running smoothly. In an indirect manner, that also contributes to his net worth.

He has been widely regarded as something of an entrepreneur and even a visionary when it comes to his family's business. He understands business and marketing and he knows what the public wants. As such, he is able to increase the amount of business that the entire family is able to do and that increases his net worth.

Reality Television

Last but not least, McBee also did a reality television show for Fox Network called “Joe Millionaire: For Richer or Poorer.” It was something that occurred as a result of him answering a local casting call and since that time, his popularity has soared.

As a matter of fact, he ended up being such a popular contestant on this reality dating game that he is now a co-host of the show. It's not yet disclosed exactly how much money he makes from the show on an annual basis, nor is it known exactly how much he's made in the past.

However, you can virtually bet that it's not exactly a small amount of money and that contributes to his overall net worth. For as long as he continues to do the show, it will undoubtedly continue to allow him to grow his net worth in addition to all of his other activities.

At the end of the day, McBee has made a great deal of money doing what a lot of people wish they had done all along. He doesn't depend on a single stream of income in order to make sure that he is financially secure. Instead, he has a number of different things going for him.

In addition to the reality show, there is the cattle farm that he operates with his family. Furthermore, there are the guided tours, hunting tours and hunting equipment that he sells. All of these things contribute to his net worth and they continue to allow him to grow that net worth over time.

Multiple Streams of Income

Perhaps the best thing about it is that if one of these streams of income suddenly dries up, he's not scrambling for cash because he has money coming in from several other sources. It's something that a lot of people talk about, yet very few people actually take the necessary steps to make sure that it becomes a reality.

For him, it involves following through on the family business and having a love of entrepreneurship along with the drive to keep trying new things. Combined, all of these qualities have landed him in a position where he's involved in a number of different things simultaneously and he's making the money that reflects those efforts.

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Allen Lee

Written by Allen Lee

Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language.

Read more posts by Allen Lee

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