The Rich Somers Report
Join host Rich Somers, as he interviews top real estate investors, entrepreneurs, and athletes from all over the world to discuss all things real estate, business, and wealth related. His first guests include Tarek El Moussa - real estate investor & TV personality, and Cliff Avril - former Seattle Seahawks player & Super Bowl XLVIII Champion. Rich is an active real estate investor and entrepreneur holding a portfolio of apartment buildings, boutique hotels, and short-term rentals valued in excess of $80M. He was an air traffic controller for the government for 11 years, and cashed out his 401k to get his start in real estate investing. Connect with Rich on Instagram: @rich_somers
The Rich Somers Report
Unlocking Wealth: 90% of Millionaires are Created From Real Estate, 100% of Billionaires are Created From Private Equity | Kris Krohn E312
Is real estate still the best path to wealth, or is private equity the next level? In this episode of The Rich Somers Report, Rich sits down with Kris Krohn, a real estate investor, entrepreneur, and private equity expert, to break down why 90% of millionaires are created through real estate, but 100% of billionaires are made through private equity.
Rich and Kris dive into:
- How Kris went from saving up $5,000 for his first FHA loan to building a massive real estate portfolio.
- Why house hacking and leveraging equity helped him scale from one deal to financial freedom.
- How private equity and leveraged buyouts allow investors to acquire companies with little to no money down.
- The greatest wealth transfer in history and why 1 million businesses are for sale right now.
- Why baby boomer-owned businesses are one of the biggest untapped opportunities for investors today.
Kris shares how he is shifting from real estate into private equity, acquiring businesses, and positioning himself to scale to a billion-dollar net worth. Whether you’re a real estate investor looking to level up or an entrepreneur thinking about business acquisitions, this episode will change the way you think about wealth-building.
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