Tim Ferris is an entrepreneur, author, blogger, podcaster, and investor. Due to his success in each of the various elements of his career as an entrepreneur, Ferriss is now a rich man. It is estimated that his net worth is $100 million. Here is how Tim Ferriss accrued his wealth.
His Early Life and Starting His Career
Tim Ferriss was born in East Hampton, New York, and attended St, Paul’s School, which is a highly selective prep school in New Hampshire. He then studied for a Bachelor of Arts in Eastern Asian studies at Princeton University. Following his graduation from university in 2000, he landed a job working for a data storage company. However, he was already ambitious and wanted to start his own company. In 2001, while he was working for the storage company, he started an Internet-based nutritional supplements business called BrainQuicken. Ferriss spent nine years building up his company and making it a success. Eventually, he sold BrainQUICKEN in 2010 to a private equity firm based in London. Although he was moving on from this business, he had already taken steps to get his next venture off the ground.
Investing and Mentoring
Since selling his business in 2010, Tim Ferriss has put a lot of time and energy into being an angel investor and mentoring startups. Some of the startups that he has advised or in which he has invested include Reputation.com, TaskRabbit, Trippy, DailyBurn, Shopify, Evernote, and Posterous. Furthermore, he was also a pre-seed money advisor to Uber. This company was co-founded by Garrett Camp, who is also the founder of StumbleUpon, which is also a company that Ferriss advises. Ferris has had phenomenal success on behalf of the companies he advises or in which he invests. Therefore, it is little wonder that he was listed by The New York Times as one of the most notable angel investors. Similarly, CNN described him as one of the world’s leading angel investors in technology. One example of how he did this was when he raised money for Shyp in 2013. He formed a syndicate on AngelList and raised under $250,000 in under an hour. He eventually raised more than $500,000 through his backers. Ferriss made the decision in 2015 to take a break from investing. He felt that the long-term impact he could make was minimal. His decision led to him moving away from Silicon Valley as he felt the Bay Area was no longer right for him professionally.
Tim Ferriss’ Books
While he still had his business, Tim Ferriss had already begun writing books. His first book, ‘The 4-Hour Workweek’, was published in 2007, and Ferriss claimed it was based on his time running his Internet business. His second book, ‘The 4-Hour Body’, was published in 2010, which was also while he was still running his business. All five of his books were New York Times bestsellers. After selling BrainQUICKEN, he released a further three books. ‘The 4-Hour Chef’ was published in 2012, followed by ‘Tools of Titans’ in 2016, and then ‘Tribe of Mentors’ in 2017. Each of these books has contributed to Ferriss’s financial success.
In addition to having his own books published, Tim Ferris also founded an audiobook publishing venture called ‘Time Ferriss Publishing’ in 2013. Since this company was founded, there have been five audiobooks released.
Another of Tim Ferris’ ventures is podcasting. Some of the topics covered by The Tim Ferriss Show include morning routines, character development, and the meditation habits of sportspeople, CEOs, and celebrities. The show occasionally covers various other topics, such as movies, acting, metaphysics, writing, and venture capital.
The Tim Ferriss Experiment
Ferriss has also ventured into television. The first time he appeared on television was in 2008 when he led a pilot called ‘Trial by Fire’ on the History Channel. The premise of the show was for Ferriss to learn a new skill in one week that would usually take several years to master. Although this series did not take off, it inspired ‘The Tim Ferriss Experiment, ’ which aired in 2013. It followed the same premise of Ferriss learning a difficult skill in a short time. Some of the skills he learned included professional poker, parkour, surfing, foreign languages, and Brazilian Jiu-jitsu. Ferriss filmed 13 episodes of the series, but only a few were aired on the television. He revealed to followers on his blog that he had fought for the rights to the series so that he could release it digitally to his fans. He eventually won the battle and released the full series, including the unseen episodes, on iTunes. Another series in which Ferris appeared was ‘Fear(Less) with Tim Ferriss.’ In this 2017 series, Ferriss acts as the host and interviewer. The interviews take place with people from various industries, and the main topics include innovation and success.
Time Ferriss’ Blog
Along with his other ventures, Tim Ferris is a successful blogger. On his blog, you will find his podcast, information about his books, and articles on multiple topics. Some of these include investing, diet and exercise, marketing, gadgets, entrepreneurship, motivation, travel, and philosophy.
Time Ferriss’ Net Worth
According to Groove Wallet, Tim Ferriss’ net worth is $100 million. He has made his money through various ventures, including writing books, blogging, and podcasts. His net worth means that he is one of the richest authors, bloggers, and podcast hosts in the world.
His Personal Life
Tim Ferriss prefers to keep his personal life to himself. However, it is known that he is still single. Since moving away from Silicon Valley after he stopped investing, Ferriss moved to Austin, Texas, says Business Insider. He has said that moving to Austin has brought him great joy.
Written by Allen Lee
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