Entrepreneurs
Billy McFarland Net Worth

Net Worth: | -$26 Million |
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Age: | 33 |
Born: | December 11, 1991 |
Gender: | Male |
Height: | 1.93 m (6 ft 4 in) |
Country of Origin: | United States of America |
Source of Wealth: | Entrepreneur |
Last Updated: | Jul 12, 2025 |
Introduction
Billy McFarland is an American convicted fraudster and entrepreneur with an estimated net worth of -$26 Million.
Entrepreneurial Career
While he was once on his way to becoming one of the wealthiest people in the world, Billy McFarland has since lost his entire fortune. Although he’s in hot water now, not long ago, thanks to his business skills, he was one of the hottest up-and-coming entrepreneurs around.
When he was only 13 years old, he founded an online outsourcing startup that matched clients with web designers worldwide. After graduating from Pingry School in 2010, he attended Bucknell University but dropped out in May of his freshman year.
Spling
After dropping out of college, McFarland caused a stir by creating the online advertisement platform Spling, which he served as the CEO of. Described as a content-sharing network, Spling was criticized for being similar to other available services at that time.
Magnises
While Spling was a short-lived venture, McFarland didn’t stay down for long and bounced back with the company Magnises. Hailed as NYC’s most exclusive credit card, Magnises was a “black card” that came with perks and club memberships in certain big cities. While Magnises was one of the most exclusive black cards in the world when it started, it has since been described as a scam. Following McFarland’s Fyre Festival disaster, Magnises was shuttered, and its website stopped allowing new sign-ups.
Fyre Festival
Billy McFarland and Ja Rule founded the Fyre Festival, which was to take place in the Bahamas in 2017. McFarland heavily advertised the festival on Instagram and even enlisted the likes of Kendall Jenner and Bella Hadid to help promote it. Unfortunately, during the first weekend of the festival, almost everything, including food, accommodation, security, and medical services, was affected.
Instead of the gourmet meals and luxury villas that the attendees had paid for, they were given pre-packaged sandwiches and shoddy tents. Because of this, the festival was indefinitely postponed, though due to its high profile, it was immediately met with scrutiny.
Although guests were promised luxury accommodations and performances by artists like Lil Yachty and Migos, they received far from what they expected. After the festival was indefinitely postponed, it was revealed that McFarland had borrowed roughly $7 million for funding. One such loan was for $3 million, requiring McFarland to repay at least $500k within 16 days of taking it out.
In an attempt to repay the loan, McFarland emailed attendees, suggesting they deposit between $300 and $500 for every day they planned to attend. According to a lawsuit, this raised roughly $2 million from festival goers, which went towards paying off his short-term loan.
Lawsuits & Legal Issues
Billy McFarland and Ja Rule were sued for $100 million in 2017 for leaving attendees stranded in the Bahamas without basic provisions. In May 2017, in addition to the first lawsuit, another class-action suit, six federal lawsuits, and four individual lawsuits were filed.
McFarland was then arrested by federal agents and charged with wire fraud, which carries a possible sentence of 4 years and 9 months in jail. While he was out on bail, he continued committing fraud with a NYC VIP Access scheme, selling tickets to unavailable events.
In 2018, he pleaded guilty to 2 counts of wire fraud and agreed to forfeit $26 million that investors had put into his company. In the same year, he was sentenced to six years in federal prison. He was released in March 2022, and his house arrest ended in September. His story was covered in one of the best documentaries on Netflix, Fyre: The Greatest Party That Never Happened. However, in April 2023, he announced on Twitter that Fyre Festival II was happening, so he may not have learned his lesson.
Estimated Net Worth
Billy McFarland’s net worth is -$26 Million.
Entrepreneurs
Patrick Bet-David Net Worth

Net Worth: | $200 Million |
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Age: | 46 |
Born: | October 18, 1978 |
Gender: | Male |
Height: | 1.70 m (5 ft 7 in) |
Country of Origin: | Iran |
Source of Wealth: | Entrepreneur |
Last Updated: | Jul 11, 2025 |
Introduction
Patrick Bet-David is an Iranian-American entrepreneur with an estimated net worth of $200 Million.
PHP Agency
Bet-David built his financial empire on two main ventures, PHP Agency and Valuetainment. He launched PHP Agency (People Helping People) in 2009 as a life insurance and annuity marketing company. The business employed a controversial multi-level marketing (MLM) structure, where agents earned commissions not only on their sales but also on sales made by people they recruited. The more individuals that each salesperson recruits, the more they earn.
PHP’s MLM model has been criticized for relying too heavily on recruitment, with only a few agents earning significant income. YouTuber Coffeezilla investigated PHP Agency and concluded that many recruits lose money. Despite this, PHP Agency received an A+ rating from the Better Business Bureau and has not faced any industry penalties.
Growth
By 2017, his PHP business had grown to over 5,000 licensed agents and now served 49 states across the US. In the same year, it raised $10 million in private equity to enable its continuing growth. One of the investors was the former boxer-turned-entrepreneur Oscar De la Hoya. He was particularly impressed by the work PHP had done with the Hispanic market. Recognizing that the Hispanic community often faces challenges in accessing insurance, PHP aimed to support this underrepresented group. At its peak in 2024, PHP claimed to have over 45,000 agents, with Bet-David crediting PHP’s rapid expansion to investments in technology and a focus on diverse, often underserved, communities.
Acquisition
In July 2022, PHP Agency was acquired by Integrity Marketing Group, one of the largest distributors of life and health insurance in the United States. As part of the deal, Bet-David became a Managing Partner at Integrity, but there is no official public disclosure of the exact value of Bet-David’s earnings from the sale. He remained actively involved during the sale and reportedly completed his earn-out by 2024.
Valuetainment
On November 9, 2012, Bet-David stepped out into content creation when he launched his YouTube channel Valuetainment. Typically, for Bet-David, the channel’s prime focus was on business strategy and entrepreneurship. It very rapidly grew a loyal following, and by 2024, it had more than 475 million views and over 6.4 million subscribers.
His YouTube channel was so successful that Valuetainment expanded into podcasting, public speaking, live events, online education, and merchandise. Bet-David began to interview high-profile guests, including Kobe Bryant and Mark Cuban. Under the umbrella of the Valutainment brand, Bet-David launched The PBD Podcast, which became one of the top-ranked business podcasts on Spotify, further increasing his reach.
Vault Conference
With the success of PHP, Bet-David had proved that he knew what he was doing in business. To help other entrepreneurs, he launched the Vault Conference in 2020. It has since evolved into an annual high-ticket event featuring keynote speakers, workshops, and networking sessions.
Ticket prices started at $495, reaching $5,000 plus for a VIP experience. Typically, 1,000 to 2,000 people attend the conference, which generates approximately $2 million to $5 million in gross revenue per event. It is a significant source of revenue for Valuetainment and serves as a sales funnel for Bet-David’s coaching programs and products.
Real Estate
In June 2021, Patrick Bet-David paid $20.4 million for a 10,436-square-foot, six-bedroom, 7.5-bathroom home in Fort Lauderdale, Florida. The property was initially listed for $25 million before Bet-David bagged himself a $4.6 million discount. The entrepreneur has provided a personal video tour of the home on his YouTube channel, which you can view below. Recent estimates place the home’s value at approximately $22.4 million, costing Bet-David up to $360,000 per year in property taxes.
Continuing with his investments in Florida, Bet-David made the move into commercial real estate in September 2024. He paid $25 million for an office and hangar complex in a bankruptcy sale. Located near Fort Lauderdale Executive Airport, the complex has 20,150 sq ft of office space, an 18,048 sq ft private aircraft hangar, and a two-bedroom apartment.
Although he hasn’t explicitly stated what the complex will be used for, it is likely to support Valuetainment’s media, logistics, and event production needs as the company continues to grow.
Entrepreneurs
Leonard Lauder Net Worth

Net Worth: | $21 Billion |
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Died: | June 14, 2025 |
Born: | March 19, 1933 |
Gender: | Male |
Height: | 1.74 m (5 ft 9 in) |
Country of Origin: | United States of America |
Source of Wealth: | Entrepreneur |
Last Updated: | Jul 11, 2025 |
Introduction
Leonard Lauder was an American billionaire businessman and art collector with an estimated net worth of $21 Billion.
Net Worth History
Year | Net Worth |
---|---|
2016 | $9 Billion |
2017 | $8.9 Billion |
2018 | $12.9 Billion |
2019 | $14.6 Billion |
2020 | $14.6 Billion |
2021 | $25.5 Billion |
2022 | $23.1 Billion |
2023 | $21 Billion |
2024 | $15.1 Billion |
2025 | $10.1 Billion |
Leonard Lauder’s net worth was primarily linked to his stake in Estee Lauder, which was reportedly close to 20%. What’s interesting about Lauder’s net worth is that in the last ten years of his life, his fortune experienced an impressive increase, followed by a sharp decline back to its starting position. This mirrors the market capitalization timeline of Estee Lauder almost perfectly.
In 2016, Lauder was worth an estimated $9 billion, and the company’s market cap hovered between $30 billion and $35 billion, which resulted in his 20% stake contributing roughly $7 billion to his net worth.
From 2017 through to the end of 2021, Estee Lauder’s market valuation almost quadrupled, reaching a peak of $133 billion. Leonard experienced an initial increase in his wealth to $12.9 billion in 2018, $14.6 billion in 2019, and by 2021, he was worth approximately $25.5 billion.
This would be the peak of his net worth, as Estee Lauder’s market stock began to crash, and has not since recovered. Thus, Lauder’s wealth declined every year until his death, at which point he was estimated to be worth $10.1 billion.
Financial Issues & Lawsuits
In 2022, Lauder was sued by Jennifer Weiss, a New York socialite and co-owner of Sherry-Lehman, a renowned luxury wine and spirits retailer. The lawsuit alleged financial misconduct during their relationship, with claims suggesting disputes over shared expenses and financial arrangements. Weiss’s connection to Sherry-Lehman, a prestigious New York City establishment, added further public interest to the case. While details of the legal proceedings remain private, the lawsuit highlighted personal and financial complexities that can arise in high-profile relationships.
In another incident, Lauder was mentioned in “Lucifer’s Banker Uncensored,” a book by Bradley Birkenfeld, which alleged questionable financial dealings involving offshore UBS accounts. While no legal actions were initiated against Lauder, these allegations demonstrated the rigorous examination some high-net-worth public figures frequently experience regarding their financial affairs.
Art Collection
Lauder’s art collection highlights his position as one of the world’s most influential cultural patrons and philanthropists. In 2013, he donated 81 Cubist masterpieces, valued at $1.1 billion, to the Metropolitan Museum of Art in New York, making it one of the most significant gifts in the museum’s history. The collection included works by Pablo Picasso, Georges Braque, Juan Gris, and Fernand Léger, demonstrating his dedication to preserving modern art’s legacy.
In 2015, the Met launched the Leonard A. Lauder Research Center for Modern Art, focusing on Cubism and its influence on modern artistic movements. This initiative reflects Lauder’s dedication to advancing the study of art history and promoting global scholarship through focused research and collaboration. Lauder’s generosity also extends to the Whitney Museum of American Art, where he donated $131 million in 2008. This record-breaking gift, the largest in the museum’s history, strengthened its commitment to modern and contemporary American art for future generations.
Philanthropy
Lauder’s philanthropy spans various sectors, reflecting his dedication to addressing critical societal needs through considerable financial contributions. Inspired by their mother’s struggle with Alzheimer’s disease, he co-founded the Alzheimer’s Drug Discovery Foundation (ADDF) in 1988 with his brother Ronald. Since then, Lauder has contributed over $200 million to help the foundation advance research on treatments and prevention for the disease.
In 2019, Lauder donated $10 million to Hunter College’s School of Nursing to support education and improve access to healthcare services. His earlier contributions to the Whitney Museum reflect his long-standing interest in cultural enrichment and the promotion of modern and contemporary art.
In his most recent philanthropic endeavor, in 2023, Lauder donated $125 million to the University of Pennsylvania to establish a tuition-free program that would enable nurse practitioners to receive adequate training to support underprivileged communities.
Highlights
Here are some of the best highlights of Leonard Lauder’s career:
- Lauder is the chairman of The Estée Lauder Companies Inc.
- Co-founder and chairman of the Alzheimer’s Drug Discovery Foundation
- Chairman of the Whitney Museum of American Art
Entrepreneurs
Tom Bilyeu Net Worth

Net Worth: | $400 Million |
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Age: | 49 |
Born: | March 30, 1976 |
Gender: | Male |
Height: | 1.80 m (5 ft 11 in) |
Country of Origin: | United States of America |
Source of Wealth: | Entrepreneur |
Last Updated: | Jul 11, 2025 |
Introduction
Tom Bilyeu is an American entrepreneur and businessman with an estimated net worth of $400 Million.
Quest Nutrition
One of Bilyeu’s first business ventures was Quest Nutrition, which he started in 2010 alongside Ron Penna and Mike Osborn. The business focused on protein-rich snack foods with minimal sugar. Their flagship product, the Quest Bar, has become extremely popular among fitness enthusiasts, bodybuilders, and health-conscious individuals.
As a result, Quest Nutrition experienced rapid growth and, within a few years, transitioned from a startup to a company generating over $400 million in annual revenue. Bilyeu left the company in 2016, and Quest Nutrition was eventually sold in 2019. The Simply Good Foods Company bought Quest for $1 billion, making it one of the decade’s most successful health food startups.
Impact Theory
Shortly after leaving Quest Nutrition, Bilyeu founded Impact Theory in October 2016. He started Impact Theory as a self-funded venture, giving him complete control over his business. Impact Theory was created to inspire individuals through content that promotes personal development, a growth mindset, and self-transformation.
Bilyeu has been the company’s CEO from the start, building a brand that focuses on thought-provoking interviews, education, and motivation. His hugely popular YouTube channel features in-depth conversations with entrepreneurs, authors, scientists, and thought leaders. Guests have included Simon Sinek, Dr. Joe Dispenza, and David Goggins. Through Impact Theory, he continues to blend storytelling and psychology to help people overcome limiting beliefs and unlock their potential.
U.S. Securities & Exchange Commission Lawsuit
In 2023, Bilyeu became the subject of a landmark legal case. The U.S. Securities and Exchange Commission (SEC) took its first-ever action against an NFT project. Bilyeu’s company was charged with offering “Founder’s Keys,” which were unregistered securities in the form of non-fungible tokens (NFTs). An unregistered security is a stock, bond, or note that has not been registered with the SEC through a formal registration statement. Registration with the SEC is a legal requirement for most securities before they can be offered or sold to the general public.
The SEC alleged that Impact Theory, Bilyeu’s company, raised approximately $30 million from investors by marketing the NFTs as investment opportunities. Bilyeu settled the case without admitting or denying the SEC’s findings. The settlement required his company to pay over $6.1 million in penalties. They also had to destroy all unsold Founder’s Keys NFTs and forfeit future royalties from the resale of these NFTs. Bilyeu also had to agree to establish a fund to compensate affected investors. The SEC’s action set a precedent for how NFTs might be regulated as securities in the U.S going forward.
Real Estate
Beverly Hills Mansion
Bilyeu and his wife purchased a Beverly Hills mansion in 2015 for $8.25 million. The home featured six bedrooms, nine bathrooms, a media room, a wine cellar, a pool, a sports court, and outdoor living areas. The couple put the property on the market in late 2020, initially asking for just under $10 million. The listing went on and off the market over the next two years and was eventually sold for the full asking price of $10 million in early 2023.
Hollywood Hills Mansion
While selling their Beverly Hills mansion, Bilyeu and his wife bought a three-story Hollywood Hills mega-mansion. The couple made headlines as it was one of L.A.’s most expensive residential transactions that year. They purchased the property for a reported $35.5 million. The home, situated in one of Los Angeles’s most exclusive enclaves, spans 20,058 square feet.
The mansion includes five bedrooms and eight bathrooms, a glass elevator, a rooftop deck, a state-of-the-art wine cellar, and a private movie theater. It also features a 175-foot infinity pool with a waterfall, and has panoramic views across Los Angeles, from downtown to the Pacific Ocean. Bilyeu also uses the mansion as a base for Impact Theory, recording interviews and filming production shoots.
Highlights
Here are some of the best highlights of Tom Bilyeu’s career:
- X-Prize Foundation (1995)
- Quest Nutrition (Co-founder, 2010)
- Inc 5000 (Magazine, 2014)
- The Tony Robbins Podcast (2014)
- Impact Theory (2016)
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