Alex Hormozi is a first-generation Iranian-American entrepreneur, investor, and philanthropist. In 2013, he launched his first brick-and-mortar business, quickly scaling it to six locations within three years.
After selling these locations, he shifted to the turnaround business. Over the next two years, he successfully transformed 32+ brick-and-mortar businesses using the same model that had driven his initial success.
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Alex Hormozi Net Worth
Alex Hormozi has a net worth of $100 million. He specializes in acquisitions and monetization and is best known as the co-founder and CEO of the holding company Acquisition.com. Hormozi is also the co-founder and CEO of Gym Launch, ALAN, and Prestige Labs.
Early Life
Alex Hormozi was born in the late 1980s in the United States as a first-generation Iranian-American. He attended Vanderbilt University for his higher education, graduating magna cum laude with a Bachelor of Science degree in Human and Organizational Development.
Career
In 2013, Alex Hormozi launched his first business, United Fitness, expanding to six locations before selling. He then turned around several other businesses before founding Gym Launch in 2016, helping over 4,000 gyms grow. In 2019, he co-founded Prestige Labs and launched Movement Apparel.
In 2020, he co-founded ALAN, a software company for customer acquisition. Later, he launched Acquisition.com, generating over $200 million in annual sales by 2023. In 2024, Hormozi became a co-owner of Skool.com.
Personal Life
In 2017, Alex Hormozi married his wife, Leila, and together they live in Las Vegas, Nevada, where they run a lifestyle business. In 2020, Hormozi transitioned from CEO to an owner/shareholder role in his companies and founded Acquisition.com to invest his wealth and intellectual capital into other businesses.
How much did Alex Hormozi sell his company for?
So both Alex and his now wife Leila decided to sell two thirds of Gym Launch and Prestige Labs for 46.2 million dollars. They also sold their software company ALAN. During the entire selling process, Alex was not allowed to do anything in business.
Conclusion
Alex Hormozi’s story is one of relentless pursuit of goals and strategic wealth creation. His journey from a fitness enthusiast to a multimillionaire embodies the essence of the American Dream.
FAQs about Alex Hormozi Net Worth
- What is Alex Hormozi’s estimated net worth? Alex Hormozi’s net worth is approximately $100 million.
- How did Alex Hormozi build his net worth? He built his wealth through successful entrepreneurial ventures in fitness, investments in diverse sectors, and personal branding.
- Was Alex Hormozi born rich? No, he is a self-made millionaire, illustrating a rags-to-riches story.
- How has Alex Hormozi spent his wealth? He balances his spending between personal enjoyment, such as luxury cars and timepieces, and investments in real estate. Hormozi is also known for his philanthropic activities.
- What makes Alex Hormozi a notable figure in the fitness industry? His innovative approach to fitness entrepreneurship and his ability to scale businesses rapidly make him a notable figure in the industry.
