Alex Hormozi Net Worth – $100 million
What is Alex Hormozi’s net worth? Who is Alex Hormozi’s wife?
Introduction
Alex Hormozi is an Iranian American YouTuber, entrepreneur, and gym enthusiast.
He’s the founder of Gym Launch, which has successfully transformed over 1500 gyms across four continents.
He also runs acquisition.com, which is a digital umbrella company for his various businesses.
The Origin Story
Alex Hormozi was born on August 18, 1992, in the United States.
As a child, he always knew his ultimate goal was to become wealthy, which was his only aspiration. Aside from not knowing how to achieve wealth, he was a sharpshooter and kept his eye focused on personal growth.
He was known to be academically inclined and studious and took on every opportunity to learn as he could.
Hormozi was vice president of the school newspaper, editor in chief of the creative magazine, and played on three different sports teams.
College
He attended Vanderbilt University in Nashville, Tennessee, for his undergrad and graduated with a four-year degree in three years.
As he explained in an interview, “I was always just trying to push. A lot of what was because I had the traditional Middle Easter parents.”
His original plan was to settle into a career in management consulting or investment banking but settled on consulting, focusing on defense contracting for the American military.
Alex held this role for two years and decided to pursue an MBA.
He was required to write the Graduate Management Admission Test (GMAT). He scored higher than average, which leveraged his ability to be accepted into almost any school of his choice.
Hormozi contemplated the idea further and decided against pursuing further education and instead moved forward with creating a business idea to build the wealth he had always wanted to achieve.
First Gym
His original plan was to open a frozen yogurt store, but he didn’t have enough money to cover the initial cost, so that didn’t work out.
Alex focused on a business idea that he was passionate about and decided a gym would be the best option.
He needed to find the quickest way to learn about operating a gym business, so he contacted over 40 gyms requesting to work for free.
Only one offered him the opportunity, and although he wasn’t being paid, it marked the beginning of his journey to wealth.
He lived in Baltimore at the time, and the gym was located in Los Angeles, so he sold his condo and relocated. He spent three months as the owner’s apprentice and learned everything he could.
Hormozi opened his first gym in Los Angeles in 2013, which cost him $50,000 out of the $60,000 he had saved. He couldn’t afford his apartment rent anymore, so he slept at thy gym to cut costs.
His dedication to success was unwavering, and he was willing to do anything to achieve it.
Only six months into opening its doors, the gym earned a profit of $35,000 monthly, giving him capital leverage to expand. By the following year, he had acquired five more gyms.
While his gyms were doing exceptionally well, he decided that he would sell them all to become a gym consultant rather than owning and operating gyms. As such, he sold all six gyms for $300,000.
Gym Launch
After he met his now-wife, Leila, they combined their skills and passions for fitness and business and founded Gym Launch in 2016.
The idea behind this model was to open gyms, attract customers, and manage it out to anyone a new owner. The new owner would pay for a fully operating gym with customers for a fee, serving as a franchise.
He quickly learned he was losing a lot of money due to customer cancellations and chargebacks, so he changed his business model. He no longer owned shares of the gyms but instead took the approach of helping current gym owners improve their business model to earn a higher profit.
By this point, Hormozi and Leila founded acquisition.com, a digital company that consults with million-dollar companies to help them grow their take-home profits.
As part of the consulting contract, they take a minority stake in the company and identify leverage opportunities for profit building.
Prestige Labs Supplement Company
In 2018, he founded the Prestige Labs Supplement Company, which provides health enthusiasts with clean and green ingredients.
In 2019, he founded (Artificial Lead Automation & Nurture) A.L.A.N., which focuses on automating working potential leads, the most taxing element of acquisition for brick & mortar businesses.
This was one of his greatest success stories as it produced over $1,400,000 per month in the first six months from its launch.
Enchanted Fairies
In 2020, he partnered with Enchanted Fairies, a photography studio company, to help expand their profits with less overhead operating costs.
Only fourteen months into the consulting partnership, they gained fourteen $1 million + locations.
Hormozi and his team helped them increase profits by 500% in just over one year, and as of 2022, that growth pace continues.
Hormozi and his wife brought on three other principal members to their Acquisition team, and they continue to grow.
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Wife
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Alex Hormozi is married to his wife, Leila Hormozi.
She is a Managing Partner of Acquisition.com and a Board Member of Gym Launch.
Alex Hormozi – Net Worth
So, how much is Alex Hormozi worth?
Hormozi earned most of his wealth from founding Gym Launch, Prestige Labs, and Acquisition.com.
Acquisition.com generates over $100 million per year, according to Forbes.
He’s the author of Gym Launch Secrets and $100M Offers.
Alex also has a YouTube channel that attracts entrepreneurial-type listeners and teaches them how to build a customer base and grow a business from the ground up.
Therefore, Alex Hormozi has an estimated net worth of $100 million.
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