Patrick Bet-David Net Worth 2024: MLMs and Motivational Speaking Makes $450 Million

Patrick Bet-David is an American entrepreneur and a controversial conservative podcaster who recently sold his financial services MLM, PHP Agency.

As of 2024, Patrick Bet-David’s net worth is estimated at an impressive $450 million, a number he personally confirmed in December 2023.

Bet-David’s net worth comes from a variety of sources. These include not only his MLM agency but also businesses such as Valuetainment Media LLC, his books, and a minority stake in the New York Yankees – among other assets.

In this article, we’ll explore how Patrick Bet-David made his incredible wealth and what exactly contributed to it.

Patrick Bet-David’s Net Worth Breakdown:

In a recent interview from December 2023 with VladTV, Patrick Bet-David spoke openly about his net worth. When the interviewer asked him to confirm that his net worth was $200 million, Bet-David said “That was three years ago”, which tells us that he was worth this sum back in 2020.

He proceeded to share details of how much he was worth. Based on his statement, Patrick Bet-David’s net worth was $350-$450 million in December 2023. Judging from his fame and diversified income sources, he is most likely worth $450 million – or more. Naturally, these could be exaggerations but he is certainly extremely wealthy.

During the same interview, Bet-David disclosed some other details, such as how much he sold PHP for, how much he has in stock, and other details.

You can find a detailed breakdown of his income sources and assets below.

7 Interesting Facts about Patrick David

1. Valuetainment’s YouTube channel has 6 million subscribers, featuring interviews with high-profile entrepreneurs like Ray Dalio, Kevin Hart, and Mark Cuban.
2. Bet-David is a U.S. Army veteran, serving in the 101st Airborne Division, and often references his military discipline in his entrepreneurial approach.
3. PHP Agency is structured as an MLM, which has led to controversy about its accessibility and ethics in the financial services industry.
4. Bet-David spent $20.4 million on a waterfront mansion in Fort Lauderdale, Florida.
5. His luxury car collection includes a Ferrari SF90, BMW i8, Lamborghini Aventador, and Rolls-Royce Dawn.
6. His speaking fees reach $20,000 per hour, earning him up to $10 million annually in speaking engagements.
7. He was born in Iran and immigrated to the U.S. with his family as a child, later becoming a prominent voice for conservative views through his media channels.

Latest News & Controversies:

In 2024, Patrick Bet-David’s media presence has stirred significant discussion, primarily due to his conservative viewpoints and high-profile interviews on The PBD Show.

His interview with former President Donald Trump received wide attention, sparking both support from conservative circles and criticism from opponents who view his content as politically charged. Bet-David has also publicly criticized policies related to transgender rights and government’s handling of social issues, calling them politically motivated, a stance that has resonated with some followers but sparked backlash online.

Furthermore, his podcast often addresses controversial topics, and critics have accused him of promoting divisive viewpoints.

Bet-David’s career trajectory, including his past in multi-level marketing with PHP Agency, remains a point of contention for some, as MLMs are often viewed skeptically. Despite these controversies, his media company, Valuetainment, continues to thrive, drawing both conservative followers and entrepreneurial audiences intrigued by his unfiltered discussion.

Early Life and Education

Patrick Bet-David was born in Tehran, Iran, on October 18, 1978. He is half-Assyrian and half-Armenian. His family fled to the United States during the Iranian Revolution, settling in Glendale, California. Bet-David was 10 years old at the time.

The family applied for a green card in 1984, but since it didn’t arrive, they decided to leave Iran before Bet-David turned 12 to escape his mandatory military service. Initially, they moved to Germany, where they lived at a refugee camp for a year and a half.

They lived in Airan, right outside the military base. By 1990, they had managed to enter the United States, finally receiving their green cards that November.

After they settled in Glendale and Bet-David grew up, he joined the United States Army in the 101st Airborne Divison. He served in the US Army for a total of six years before he returned and started working in the financial services industry.

Upon leaving the army in June 1999, he was granted US citizenship within a couple of weeks. He shared the details of his childhood in the VladTV interview.

In March of 1997, Bet-David’s mom decided to go back to Iran since she ran out of money in the US. Patrick Bet-David shared that she gave him two options – go with him or stay in the US. Eventually, Bet-David decided to stay with his sister in the US.

In terms of education, he attended Santa Monica Community College and earned a degree in nutrition. Although he didn’t study finance, business management, or economics, he was still able to build his career as a financial advisor. He wasn’t a high performer in school. He shared in an interview:

I loved it. Never missed a day in school. Never. I had a 1.8 GPA but I never missed a day.

Later on, Bet-David shared that he decided to enroll at Harvard Business School in 2016, but it is unclear if he ever graduated.

Personal Life

Patrick Bet-David has been married to Jennifer, the Executive Vice President of Operations at PHP Agency, since 2009. The couple has four children: Patrick, Dylan, Senna, and Brooklyn.

Patrick Bet-David Net Worth: Growing Success and Controversies

When he left the army, Patrick Bet-David started working as a financial advisor for Morgan Stanley, earning an average salary of $65,000 at the time.

In 2009, he decided to start his own business in the financial services industry. This was the beginning of his growing success.

PHP Agency

Patrick Bet-David founded PHP Agency – which stands for People Helping People – in 2009. The company offers insurance products such as health insurance, 401k rollovers, and annuities, among other products.

Over the years, PHP Agency has grown into a business worth millions of dollars, with thousands of agents around the US.

In 2017, Patrick Bet-David’s business raised $10 million in expansion capital from syndicate and private equity investors, including:

• Atalya Capital
• Gabriel Brener from Brener International Group
• Oscar De La Hoya, an Olympic gold medalist and retired boxer

In 2019, PHP Agency hosted 8,000 attendees at a convention with George W. Bush and Kobe Bryant as guest speakers.

In July 2022, Patrick Bet-David sold PHP to Integrity Marketing Group, a distributor of life and health insurance, reportedly earning $300 million from this sale. As part of the contract, Bet-David became a Managing Partner in Integrity.

Even though the financial details of the sale weren’t disclosed back then, Bet-David recently shared in his Vlad interview, that you can watch above, that he got $300 million from this sale while still holding a 25% stake in the business.

If we estimate the total valuation of the company at the selling price from 2022, this stake would now be worth around $90 million. However, Bet-David shared that the business is much more successful and worth more these days.

Valuetainment Media LLC

In addition to PHP Agency, Patrick Bet-David also owns Valuetainment Media LLC, which is behind media outlets such as the famous Valuetainment channel on YouTube. He reportedly funneled the $10 million he raised in 2017 into Valuetainment Investments Group LLC.

As of October 2024, the Valuetainment channel on YouTube counted 6 million subscribers. To many people, this channel is a go-to resource with interviews and educational content on business, personal development, and entrepreneurship.

The platform features interviews with some of the highest achievers in the world, including:

• Ray Dalio, chief investment officer of Bridgewater Associates
• Kevin Hart, actor
• Kobe Bryant, the late basketball player
• Mark Cuban, American businessman and TV presenter
• Steve Wozniak, an American technology entrepreneur
• Wayne Gretzky, former ice hockey player
• Magic Johnson, former basketball player and entrepreneur

Social Blade data suggests that the channel could be making as much as $5 million per year in ad revenue.

What Else Does Patrick Bet-David Invest In and Earn From?

Bet-David’s financial success goes beyond his earnings through PHP or his popular YouTube channel. Let’s see what else contributes to his estimated net worth of $450 million.

Speaking Engagements and Lectures

Patrick Bet-David has been earning a fortune from speaking engagements. He earns around $10 million a year from lectures and speeches, and charges fees of up to $20,000 per hour.

Authorship

To date, Patrick Bet-David has authored several bestselling books.

These include:

• The Next Perfect Storm (2012)
• Doing The Impossible: The 25 Laws for Doing The Impossible (2012)
• The Life of an Entrepreneur in 90 Pages: There Is an Amazing Story Behind Every Story (2016)
• Drop Out and Get Schooled: The Case for Thinking Twice about College (2017)
• Your Next Five Moves: Master the Art of Business Strategy (2020)
• Choose Your Enemies Wisely (2023)
• The Academy (2024)

Podcast

Patrick Bet-David hosts several podcasts, with the main and most popular being The PBD Podcast. The podcast series titled Bet-David Show features various guests and covers a variety of topics including current events, politics, personal development, and entrepreneurship.

Additionally, Bet-David has been involved in other media projects through Valuetainment Media LLC. The PBD Podcast is his primary podcast, but his overall content includes multiple formats, interviews, and discussions.

Investments in Major League Sports Clubs

The details of this aren’t disclosed, but Patrick Bet-David has publicly shared that he holds a minority stake in the New York Yankees, one of the biggest sports clubs in the world.

Real Estate

In June 2021, Patrick Bet-David and his wife Jennifer bought a waterfront mansion in Fort Lauderdale, Florida for $20.4 million, setting a record for a property sale in the area. The mansion is spread across 10,400 square feet and has 1.1 acres of land. It comes with a private beach, saltwater lap pool, and a 65-foot boat slip.

Bet-David owns another multimillion-dollar property in Texas. However, the details of this haven’t been disclosed.

Luxury Car Collection

In addition to his millions in real estate, Patrick Bet-David is known to spend heavily on cars. His Ferrari SF90 Stradale is worth $1.2 million, and he also owns:

• BMW i8 worth around $150,000
• Ferrari 458 Italia worth around $245,000
• Lamborghini Aventador worth around $350,000
• Rolls-Royce Dawn worth around $430,000

What Can We Learn from Patrick Bet-David’s Story?

Patrick Bet-David’s journey from a refugee to a multimillionaire entrepreneur and media personality offers a wealth of lessons – both positive and negative. While his story is inspiring, it also highlights the potential pitfalls and complexities that come with certain business models, particularly MLM.

Bet-David’s rise to success teaches us the importance of resilience in life. He’s faced numerous challenges, including starting from humble beginnings as a refugee. His determination to succeed is a powerful reminder that hard work and perseverance can lead to great achievements.

A strong advocate for personal development, Bet-David emphasizes the significance of continuous learning. His content often encourages people to invest in their education and boost their skills and knowledge.

Bet-David’s success is partially attributed to his ability to build a network of highly influential people. He’s gone through years of forging meaningful connections, which only boosted his fame in the industry.

Through his diverse platforms, he empowers others, mostly aspiring entrepreneurs, to pursue their dreams.

However, while Bet-David has had significant success thanks to his hard work and approach, his involvement in the MLM business model raises important questions. MLMs often come under scrutiny for their ethical practices and sustainability, with many people struggling to achieve success, and a lot of them ending up with financial loss.

This aspect of his story is a cautionary tale about the many risks and downsides associated with MLMs.