Latest news with #KevinO'Leary
Miami Herald
15-07-2025
- Business
- Miami Herald
Kevin O'Leary has blunt 3-word strategy to get rich
Kevin O'Leary is the founder of O'Leary Financial Group and the chairman of O'Shares Investments, O'Leary Ventures, and Beanstox. Most people know him for his role on the hit ABC show "Shark Tank," though. Most people also know that O'Leary is very wealthy. In fact, his net worth is estimated to be somewhere in the range of $400 million, with his wealth acquired through his television career, the sale of his software company, SoftKey, and his skillful investments. Don't miss the move: Subscribe to TheStreet's free daily newsletter O'Leary shared some blunt advice on X on July 14, 2025, aimed at helping others build great wealth like he did. O'Leary explained that this is advice that he routinely gives to his children, but it is a tip anyone and everyone should listen to and strongly consider. If you want to maximize your own chances of getting rich, and you're ready to listen to a multi-millionaire who wants to help you, let's hear what O'Leary said to do. O'Leary provided just three simple words that he says are the key to growing wealth. In a post on X on July 14, 2025, O'Leary said bluntly: "Save. Invest. Compound." In the video accompanying the X post, O'Leary also went into a little more detail about this advice, stating: "What's the first piece of advice I give my kids about money, and the last piece of advice, and the advice I always give them? Don't spend it. Save it. Invest it. Let it compound." Related: Dave Ramsey warns Americans on buying a car O'Leary said that building wealth is "that simple," and you only need to do these three things because "the market gives you 8% to 10%." With those returns, your money can work for you and make building wealth really easy, even if you don't make a lot of money – or sell a software company like he did. The investing guru also had some advice on exactly how much you should be saving. "Take 15% of every paycheck, I don't care how big it is, or any gift granny gives you, or anything you get on a side hustle and invest it," O'Leary said. "Then, by the time you're 65, you'll have millions in the bank even if you only have a salary of $65,000, the average salary. This is what the market gives you. Just don't buy crap you don't need." O'Leary is absolutely correct in his suggestion about wealth building, which isn't a surprise because, like most investors, he knows just how powerful compounding can be. When you invest in the stock market, especially at a young age and consistently over time, the money you are saving works for you. It earns you 8% to 10% average annual returns very consistently if you have sound investments that you invest in for the long haul. You don't need to be an investing guru to earn this money, either. Related: Shark Tank's Kevin O'Leary speaks bluntly on divorce and stupidity Anyone can put their money into an S&P 500 index fund and pay very minimal fees and can reasonably expect those 8% to 10% average annual returns. Once you get that money invested, your returns will be reinvested, so your principal balance is constantly growing without any help from you. The more time you have for returns to be invested, the more powerful compounding can be and, as O'Leary said, millionaire status is within reach for everyone. In fact, if you invest an average of $500 per month from age 25 to age 65 and earn 10% average annual returns, your nest egg will grow to $2.6 million. More on personal finance: Dave Ramsey offers urgent thoughts about MedicareJean Chatzky shares major statement on Social SecurityTony Robbins has blunt words on IRAs, 401(k)s Of course, if you start later, you'll have to put in a little more, but most people should be able to consistently invest 15% of their income. While it may require sacrifice, it is well worth it. As O'Leary said, saving and investing to become a millionaire is a much surer path to becoming rich than buying crap you don't need. Redirect some of the money you spend on unnecessary things today to build a much wealthier tomorrow. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
The 961
14-07-2025
- Business
- The 961
Shark Tank Is Officially Coming To Lebanon – Here's How You Can Get A Chance To Pitch Your Idea
It's happening. The global hit show Shark Tank is officially launching in Lebanon, giving local entrepreneurs a once-in-a-lifetime opportunity to pitch their business ideas to a panel of investors – and possibly walk away with a game-changing deal. For the first time ever, Lebanese founders, inventors, and hustlers will get the chance to step into the iconic Shark Tank spotlight, pitch their vision, and secure real investment to take their businesses to the next level. While we still don't know who the investors are, we do know it will be made up of Lebanese businesspeople and investors. Shark Tank, which has helped launch over 1,000 businesses around the world, is known for turning underdog entrepreneurs into household names. With shows across the world, LBCI is finally bringing it to Lebanon. Shark Tank isn't a stranger to Lebanese. One of the main investors in Shark Tank USA, Kevin O'Leary, has credited on the show his Lebanese and Phoenician heritage for his success. His mother is Lebanese. Lebanese entrepreneur sisters, Donna and Rosy Khalife, secured a deal for Surprise Ride, a curated subscription box for kids, which O'Leary invested in and was later acquired. Lebanese trio Tony Lahood, William Moujaes, and Michael Khoury secured an investment for their product from both O'Leary and Herjavec. Now, it's looking for talent in Lebanon, and casting is officially open. If you've got a product, business, or startup you believe in, this is your moment. To apply, reach out to [email protected] or call 79 353 481 for more info Whether you're a solo founder, a startup team, or a side hustler with a dream, this is your shot to impress the Sharks and turn your idea into reality.
Toronto Sun
09-07-2025
- Business
- Toronto Sun
WARMINGTON: Mr. Wonderful offers report card on Prime Minister Carney's first months in power
Kevin O'Leary's assessment of new PM surprising but warns rating will go down if he doesn't fire trade minister Chrystia Freeland Get the latest from Joe Warmington straight to your inbox Kevin O'Leary, chairman of O'Leary Ventures, testifies before the House Committee on Small Business during a hearing at the Rayburn House Office Building on Jan. 18, 2024, in Washington, D.C. Photo by Kent Nishimura / Getty Images The guy's only been on the job a few months but already Prime Minister Mark Carney is on a secret vacation. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account But just when you think the new boss is the same as the old boss comes news that one of the Liberal government's biggest critics offers praise for Canada's 24th prime minister. And some advice. When asked to rate Carney's performance since taking office March 14 and being elected April 28, you may be surprised what Mr. Wonderful Kevin O'Leary had to say. Remember how he felt about Carney's predecessor Justin Trudeau. 'Everything he touched over that 10-year period turned into (excrement),' O'Leary said on Fox News in January before Trudeau announced he would finally step away after being stabbed in the back by then-finance minister and deputy prime minister Chrystia Freeland. 'He will go down in history as the idiot king.' Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Prime Minister Mark Carney greets U.S. President Donald Trump during an arrival ceremony at the G7 Summit in Kananaskis, Alta., on June 16, 2025. Photo by STEFAN ROUSSEAU/POOL / AFP via Getty Images O'Leary was pushing hard for that Trudeau resignation. 'Every Canadian should be working on that,' he told me that same frigid day. 'It can't happen fast enough.' He got his wish. The Dragons' Den star said 'Unfortunately for Trudeau, you have to respect the longevity. He did it without any executional skills. It's very hard to do but he did it.' So, how's his assessment of Carney in his first few months in office? I braced myself for his answer. But he didn't say what I expected him to say. I thought for sure, like he does so often on the Den or Shark Tank , saying 'I'm out.' He didn't. 'Carney has done a great job so far,' said O'Leary. 'He's in a bad situation because of so many bad policies he inherited like the (No More Pipelines Act and Don't Build Anything Anywhere Act) Bill C-69.' This advertisement has not loaded yet, but your article continues below. And bad cabinet ministers. 'I think Carney is doing an 8.79 out of 10 right now,' said O'Leary. That's almost a nine out of 10. That would count as him giving the prime minister an A. But this assessment comes with some caveats. As long as he has Chrystia Freeland as his international trade minister, Mr. Wonderful says, good luck with that. 'She is radioactive waste in Washington,' said O'Leary of Freeland. 'It would help Carney a lot to not have her in cabinet.' She's not the only one. Premier Danielle Smith poses with U.S. President Donald Trump and businessman Kevin O'Leary in Mar-a-Lago, Fla. Photo courtesy of Danielle Smith via X/Twitter 'He still has baggage in the cabinet that he should have dumped because of lack of executional skills.' But Freeland, he said, is his biggest liability in terms of getting an agreement on trade and tariffs with President Donald Trump and the Republican run house and senate. This advertisement has not loaded yet, but your article continues below. 'Freeland did damage to the Canadian brand in China, U.S., India and Egypt,' said O'Leary. 'Why keep dead wood?' This is a bigger issue for American business than Carney's people not saying where in the National Capital Region that the prime minister is going to take the next week off for summer vacation. When he is off, O'Leary said he's hoping he thinks of someone else to handle the trade and transportation portfolio other than Freeland since he believes as long as she's there, there will be no deal with the Americans. If Carney does listen on that recommendation and gets some new faces with a little more in common with the American leadership, O'Leary believes his government will be successful in saving the economy. Any way you cut it, O'Leary says, making things right with the Americans is the more realistic way to go than to be moving closer to Europe. Prime Minister Mark Carney flips pancakes during a stampede breakfast at the United Brotherhood of Carpenters and Joiners of America in Calgary on Friday, July 4, 2025. Photo by Darren Makowichuk / DARREN MAKOWICHUK/Postmedia 'Canada still does more than 70% of its business with the United States,' he said. Fixing that trade arrangement is the key to the future and vital for Carney to still get a passing grade as prime minister. But he must move fast. 'He has about 18 more months to show he can attract capital back to Canada,' said O'Leary. The first step, he said, is to get rid of Freeland from cabinet. 'She's like rotting meat.' Read More Uncategorized Sunshine Girls Toronto Blue Jays Canada Crime
Yahoo
09-07-2025
- Business
- Yahoo
Kevin O'Leary Says 'You'll Never Be Free' If You Remain An Employee, But There's Actually Nothing Wrong With It: Here's Why
Shark Tank investor Kevin O'Leary says most people will never start a company, insisting that only about one in three has the grit to thrive as an entrepreneur and taste true freedom. What Happened: "In life, only a third of people can become successful entrepreneurs. That's it," the investor told Steven Bartlett on the "Diary of a CEO" podcast. "The rest can be very successful employees ... you can have a fantastic life.' 'You won't be shackled to the ups and downs of entrepreneurship, the challenge of it, how hard it is. But you'll never be free,' said O Leary. Trending: Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — For the two-thirds who prefer salaried positions, O'Leary insisted there is "nothing wrong" with a corporate path and a steady paycheck. He argued that true builders master a razor-sharp "signal-to-noise ratio." Steve Jobs was '80 signal, 20 noise," O'Leary said, mentioning that he sees a similar trait in Tesla Inc. (NASDAQ:TSLA) chief Elon Musk. "Elon Musk ... he has no noise. 60 seconds of every minute, 60 minutes of every hour, the 18 hours he's awake, it's all signal. And look what he's achieved,' he It Matters: O'Leary, now 70, built Toronto-based SoftKey into an educational-software powerhouse and sold it to Mattel for $3.7 billion in 1999, a deal that helped give him an estimated $400 million fortune. He told listeners that even at Harvard Business School, two-thirds of students "want to become consultants and lead a life of mediocrity," while the top third embraces 'the stress and the pain and the trauma and the anxiety and the risk of failure' of starting companies. Other successful entrepreneurs identify different ingredients for success, and O'Leary's former "Shark Tank" cohost Mark Cuban echoes them, saying he observes one trait in successful people and that's a strong work ethic. Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100. Photo courtesy: Kathy Hutchins / Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Kevin O'Leary Says 'You'll Never Be Free' If You Remain An Employee, But There's Actually Nothing Wrong With It: Here's Why originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Toronto Sun
08-07-2025
- Politics
- Toronto Sun
WARMINGTON: Trump-Musk feud 'helps no one' as Mr. Wonderful offers to mediate
Dragons' Den star says president, world's richest man need to settle differences for good of U.S. Get the latest from Joe Warmington straight to your inbox Donald Trump meets with Kevin O'Leary at Mar-a-Lago in Florida. Photo by Kevin O'Leary Just as it appears their relationship is broken for good, there is still hope among conservatives that Mr. Wonderful might be the guy to get U.S. President Donald Trump and billionaire Elon Musk back on the same page. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account 'They have got to do it,' Kevin O'Leary told the Toronto Sun . 'It's in the best interest of America and the whole world that the biggest industrialist and the most powerful man in the world work together, achieve greatness and not be fighting.' It makes sense. But the bottom line is you can't get the richest person in the world to do what you want him to do if he doesn't want to do it. That may include making things right with Trump. On Tuesday, Musk was not only posting on X about his America Party opposing Republicans and Democrats, but he was also going at Trump for the handling of the Jeffrey Epstein file with government saying the sex trafficker was not murdered, did not have a client list and did not try to blackmail guests on his infamous island. This advertisement has not loaded yet, but your article continues below. President Donald Trump, from right, speaks during a news conference with Elon Musk as Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent listen in the Oval Office of the White House, Friday, May 30, 2025, in Washington. Photo by Evan Vucci / AP Photo Musk certainly doesn't seem to believe that. He has been saying for months there is a 'mountain of evidence' on the Epstein case that must be released to the public. 'How can people be expected to have faith in Trump if he won't release the Epstein files?' Musk posted Tuesday to his X account, which has 220 million followers. How can people be expected to have faith in Trump if he won't release the Epstein files? — Elon Musk (@elonmusk) July 8, 2025 Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. That was another shot across the bow. Weeks ago, Musk was on the inside of the Trump administration and even when he left he was given a special key to America by the president himself. But something changed. Musk started suggesting Trump is mentioned in the Epstein files and that he had also let the U.S. down by not tackling the debt. While the X, Space X and Tesla CEO admitted he went too far with the feud, he surprised many by floating the idea of the America Party with a barrage of not-so-veiled barbs at Trump and his administration. 'By a factor of 2 to 1, you want a new political party and you shall have it! When it comes to bankrupting our country with waste and graft, we live in a one-party system, not a democracy. Today, the America Party is formed to give you back your freedom,' Musk posted to X. This advertisement has not loaded yet, but your article continues below. Who knows if this party will really happen. Trump called it 'ridiculous' and O'Leary agreed. This advertisement has not loaded yet, but your article continues below. 'It's just bad,' he told me. 'It helps no one.' O'Leary, who said their first tiff was akin to a 'lovers' quarrel,' has offered to call both men and encourage them to bury the hatchet for the good of the U.S. He suggested they go to one of Trump's golf clubs and talk it out. 'I'm thinking of calling both up myself and saying, 'This is stupid'' O'Leary said on Fox News. 'What matters is that these two are working together. These are giant egos and it's not good for America.' This advertisement has not loaded yet, but your article continues below. He said he would tell both what it was like to work with late Apple founder Steve Jobs, who was a 'nasty guy,' 'always right' and focused on results in which everybody around him benefitted. 'He was 80% signal and 20% noise,' O'Leary said, noting he learned a 'lot' from Jobs. O'Leary said he would remind Trump that when it comes to Musk, he says what's on his mind and plows ahead to get things done. He would then remind Musk that in politics 'there has to be give and take' and sometimes you need to have something like Trump's 'big beautiful bill' to plant the field for the future to cut down on spending and waste. RECOMMENDED VIDEO Compromise is the word. Most people have to that in their lives. But when it comes to the richest and most powerful, it's understandable how that word is not something they would adhere to often and it doesn't appear Trump and Musk are ready to that. This advertisement has not loaded yet, but your article continues below. Trump has suggested that Musk should try his luck in his native South Africa, while Musk keeps kicking the Epstein hornets' nest. The relationship seems broken and unrepairable to most. But not to O'Leary, who knows both men. 'I don't think so,' said the legendary Dragons' Den and Shark Tank star. 'I have seen both change their mind. They can find a way to work this out.' U.S. President Donald Trump and businessman Kevin O'Leary in Mar-a-Lago, Fla. Danielle Smith/X It's not lost on Musk that his Tesla stock dropped significantly this week and Trump can do the math on what Musk's money and influence can provide to candidates running for a third party in next year's midterms. 'Trump and Elon have to get back together again,' said O'Leary. As of right now, it's a game of chicken with both cars speeding directly toward a head-on collision where perhaps no one survives. Read More Canada Toronto Blue Jays Sunshine Girls Canada Crime
