$247M Net Worth, $100k/Month Burn: Inside Onyi Odunukwe's Money
About this episode
Onyi Odunukwe shares insights into his $247 million net worth and the financial decisions that shaped his journey.
We're still surprised people did this but... 50+ founders worth $10M to $4B reveal their personal finances. Here it is: https://joinhampton.com/mw-wr Why do we do this? Because if you're an aspirational person or someone who runs a business and is making money, it's incredibly challenging to figure out what to do. Information is impossible to find — and that's what we put together: the net worth reveal and why we do this podcast, Moneywise. He turned down $250 million for less than half his company — and admits he'd say yes today. Onyi Odunukwe is the son of two Nigerian immigrant doctors who dropped out of nursing school during finals week and opened a tanning salon at 21. By 30 he had seven locations, sold five to Palm Beach Tan for $2.3 million in a single week, and thought he was rich. Eight years later his net worth is $247 million — roughly $100M in commercial real estate, $194M in business equity across 26 companies, and under $10M in cash — and he recently walked away from a $250 million offer for 49% of Glo Tanning. This episode gets into the exact breakdown of a $247M net worth, why he rejected the biggest check of his life and what changed his mind since, his $75-100K…
People in this episode
Host: Hampton
Guest: Onyi Odunukwe
Topics covered
- net worth
- entrepreneurship
- personal finance
- business equity
- investment decisions
Keywords
- net worth
- personal finance
- entrepreneur
- business equity
- investment
Mentioned in this episode
Organizations: Palm Beach Tan, Blackstone, Jersey Mike's
Places: Nigeria
More episodes of Moneywise
- Patrick & Kathy Terry (P. Terry's): "Why We Said No to $100M"
- He Ran PayPal With Elon. Now He Has $100M and Spends Nothing
- How a $1.5B Wealth Manager Spends His Money
- 5 Things Rich People Refuse to Buy
- He's 27 and Runs His Family's 7 Companies
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