| Net Worth | $163,000,000 |
|---|---|
| Other Name | Garyvee |
| Date of Birth/Age | November 14, 1975 (age 43) |
| Source of wealth | Entrepreneurship, Social media, Angel investing, Wine education. |
| Height | 5'7 |
| Country of origin | Soviet Union |
| State/City of origin | Babruysk, Byelorussian SSR |
| Last Updated | 2019 |
Net Worth
Gary Vaynerchuk’s net worth is 163 million dollars.
He’s been amassing a fortune since he went to work for his father after college. When he was 22 years old, he made up to $55,000 annually. He has said that back then, he didn’t have any expenses.
Vaynerchuk remarked, “I didn’t go on vacations. I didn’t buy fancy things.”
This allowed him to accumulate and save his earnings. He put aside and invested much of his wealth, flipping it throughout his thirties and now forties.
Vaynerchuk reflected on his thirties: “So I saved my money, and I saved my money and I saved my money some more. And then when I was 33 and 34 I had hundreds of thousands of dollars. I didn’t have millions. I had hundreds of thousands of dollars. I didn’t own a fancy car, or a watch, or a suit for that matter. I kept my expenses low. I hadn’t bought a home. I was still living in an apartment.”
A pro at money-spinning, he does his fair share of spending money these days, as well—and he doesn’t live in an apartment anymore. He stays in a posh mansion in New York.
Vaynerchuk owns a slew of vehicles. He’s been spotted in an Audi R8.
View this post on Instagram
The VaynerMedia company he and his brother created in 2009 to coach high-end businesses brought in major funds. They were working with the likes of GE, the National Hockey League and Pepsi Co. These Fortune 500 contracts grossed multimillions for the two. In 2016, they raked in over $100 million.
Gary Vaynerchuk puts his money where his mouth is, not just speaking about helping others but extending resources as an angel investor to a multitude of startups. Tumblr and Facebook are on the list of the startups he’s invested in over the past decade or so, as is his beloved Twitter.
VaynerRSE is his investment fund. It is worth approximately $25 million. His shows and series—“DailyVee,” “Wine Library TV,” “Wine & Web” and “The #AskGaryVee Show”—all bring in massive capital.
Gary Vaynerchuk’s books are a part of his advance with Harper. They are available on Amazon and other online stores. You can also purchase them in brick and mortar stores like Barnes and Noble. “Crushing It! How Great Entrepreneurs Build Their Business and Influence—and How You Can, Too” is his newest release.
He launched his book “#AskGaryVee: One Entrepreneur’s Take on Leadership, Social Media, and Self-Awareness Hardcover” in 2016. The catchy and stimulatingly titled “Jab, Jab, Jab Right Hook” came out in 2013. It proceeded “The Thank You Economy” in 2011 and “Crush It!: Why NOW Is the Time to Cash In on Your Passion” in 2009.
He also has a published work dated before his partnership with Harper, “Gary Vaynerchuk’s 101 Wines: Guaranteed to Inspire, Delight, and Bring Thunder to Your World.” It was released in 2008.
Gary Vaynerchuk is a New York Times best-seller.
View this post on Instagram
Inroduction
The man with the dimpled grin, Gary Vaynerchuk, has a reason to smile. He makes millions upon millions each year.
The social media personality is a straight shooter in every sense of the word, illustrative and no-nonsense in his speech and approach.
He has an audience who loves to sit at his feet, gleaning information about digital marketing, success and surpassing personal goals.
Gary Vaynerchuk takes his public speaking gigs seriously and emotes effectively whether he’s lecturing a group of 100 or 100,000. He doesn’t believe in putting all his eggs in one basket. He’s jack-of-all trades, and amazingly, he’s master of them all too.
His motivation is to motivate others.
Early Life
In 1975, Gennady “Gary” Vaynerchuk was born in Babruysk, a city in then-Soviet Union, which is now a part of Belarus.
View this post on Instagram
Hailing from a socialist state that in due course folded, twentysomething Gary Vaynerchuk did the polar opposite, choosing to go hard and excel in a familial business.
Long before that, when he was three years old, he and his family immigrated to the United States. They—eight of them in total—settled in a small apartment in Queens, New York. They subsequently moved to New Jersey, reportedly to a city called Edison. There, his dad took a position at a liquor store.
Vaynerchuk honed his entrepreneurial skills by running a lemonade stand. Washing cars for a fee was another one of his side hustles. He traded baseball cards and used his innate salesman abilities.
He came on board with his family’s business in retail. He was only 14 at the time. When he entered Mount Ida College he received two epiphanies: people collect wines and people can make a lot of money online.
With these two simple revelations, he figured out how he could enlarge his family’s enterprise.
When he was in his twenties, he managed his dad’s store, Shoppers Discount Liquors. He decided to rename it to The Wine Library. It was one of his first milestones in his risk-taking and executive decision-making journey.
Personal Life
As busy as Gary Vaynerchuk is, he still manages to find time to have a personal life. He dated his wife, Lizzie for a few years before marrying her in 2004. They had their ceremony that November. He and Lizzie have a son and daughter, Misha Eva Vaynerchuk and Xander Avi Vaynerchuk.
He’s found it best to keep his family out of the public eye.
And, admittedly, it is difficult for him to balance his work and his private life.
He said, “I play in extremes. My daughter had a recital a few weeks ago, and I was the first parent in line for it. On weekends, I am all in. 100%. I’m not playing 4 hours of golf. I’m not doing a lot of things other people are doing.
I’m all in on the kids. I’m not trying to argue that my normal Monday-Friday weeks aren’t intense; they definitely are. But because of that intensity, I have found my cadence with my spouse and my children that directly balances it out.”
He went on to say this: “So I guess what I’m saying is this: never assume you have the whole story. Yeah, you see me working eleven hours and in meetings and flights and hustling.
But there is a lot you don’t see too…As time progresses, I know I will have to adjust my schedule. That’s part of life, and that’s just what I do: I continue to always adjust based on what is happening in my life.”
Career
Despite his stature, the 5-foot-7-inch businessman stands tall, like a pillar in his industries, but arguably, he makes the biggest impact on social media.
There are varied accounts about the details of Vaynerchuk’s life story, including his career, so it’s always best to get it from “the horse’s mouth” whenever possible. This is how the social media mogul and white-collar professional describes how he made money when he was in his twenties.
View this post on Instagram
“So when I was a young kid, I made a lot of VaynerMedia selling baseball cards and comic books and toys. Like I mean a lot. Thousands of dollars every weekend. And then I started working for my dad’s business, and I was making … when I was 22 to 28, I was making 35 to 55 thousand dollars a year…”
After Gary Vaynerchuk took the helm of his father’s liquor store, he built a website, winelibray.com. He turned it into a sales magnet, going from a 3 million dollar a year profit to 60 mil.
In 2006, he pulled a power move, not realizing he was engendering his status and company to skyrocket. Vaynerchuk did a day-to-day vlog on YouTube. He called it Wine Library TV. He advanced professionally and quickly increased in popularity.
3 years later, he founded VaynerMedia. His brother was a co-founder. Together they assisted large corporations with enhancing their social media presence, respectively.
Before he knew it, his popularity morphed into fame, particularly after he landed a guest spot on Conan O’Brien’s late night show.
Vaynerchuk’s viewership shot through the roof. He reached his landmark of 1,000 episodes, cancelling the show afterward. But true to his “comeback kid” style, he didn’t stay gone for long. He resurrected his place on YouTube with an entirely new channel.
Vaynerchuk has done some angel investing, television appearances and award-winning writing. His name is synonymous with many of the ventures he’s undertaken: Wine Library, The Gallery, VaynerRSE, VaynerMedia, VaynerSports, Planet of the Apps, “Wine& Web” and “Wine Library TV.”
Gary Vaynerchuk signed a book deal with HarperStudio for 1 million dollars.
Nice People, Apply Here
Vaynerchuk is very hands-on when it comes to his endeavors. He enjoys hiring people directly. When he interviews candidates for his agency, VaynerMedia, he checks for a few important qualities before handing over an offer letter.
He has to see that they have grit and determination and the capacity to recognize emotions in themselves and in others and are able to discriminate between various feelings.
But, fascinatingly, the number one trait he looks for in an applicant is kindness.
Vaynerchuk regards kindness as something “super powerful” that cannot be taught.
View this post on Instagram
In an interview with “The Jakarta Post,” Gary Vaynerchuk made it clear to his followers that he wants them to be innovators not sheeple.
“The number one thing I fear […] is that people live their lives based on VaynerMedia Most people here today do many things based on the fine people’s opinions on their lives – whether it’s from [their] parents, spouse, older siblings, [or] neighbor. Living your life under the judgment of somebody else is the great weakness of human beings.”
Interesting Facts
Gary Vaynerchuk hates Fridays.
He’s a firm believer that when people “can’t wait until it’s Friday,” that’s a sign they hate their jobs and should rethink what they’re doing for a living.
Gary Vaynerchuk uses a lot of profanity, even in professional settings.
Gary Vaynerchuk is a big New York Jets fan.
In elementary school, one of his classmates chose his favorite football team for him.
Sometimes, Gary Vaynerchuk has been known to tweet up to 70 times daily.
He makes clear in his Twitter profile that his family comes before business and everything else.
Gary Vaynerchuk loves taking selfies and posting them on his social media platforms.
Gary Vaynerchuk has more than one million followers—almost 2 million—on his Twitter page.
His Twitter name is GaryVee.
He received a bachelor’s in 1998.
Favorite Quotes from Gary Vaynerchuk
“I hate how many people think “glass half-empty” when their glass is really four-fifths full. I’m grateful when I have one drop in the glass because I know exactly what to do with it.”
“I attract a crowd, not because I’m an extrovert or I’m over the top or I’m oozing with charisma. It’s because I care.”
“People are chasing cash, not happiness. When you chase money, you’re going to lose. You’re just going to. Even if you get the money, you’re not going to be happy.”
“Your legacy is being written by yourself. Make the right decisions.”
“You are not patient enough. Your lack of patience is killing you and your need of things is killing you.”
“This is such an important part of being an entrepreneur, and I think that the most important part is… seeing the glass half-full. You have to look at the upside.”
“Cash is oxygen. You can make the greatest cup of coffee, the greatest sneaker, the greatest TV show, or the greatest work of art ever, but if you can’t sell your product you are out of business.”
“If you fail and people laugh at you, they’re not worth your time. Ignore them.”
“Making the switch of going all-in, not doing tactics…because you’re not, unless you completely go black and white…. You gotta make that binary switch of like ‘I’m going to work a lot, and not have excuse anymore, I’m going to be very patient, I’m going to learn how to build a business’ then that’s when things can [sic] to happen…Forever, 7 days a week, for life.”
Tips for success from Gary Vaynerchuk
“You have to understand your own personal DNA. Don’t do things because I do them or Steve Jobs or Mark Cuban tried it. You need to know your personal brand and stay true to it.”
“Look yourself in the mirror and ask yourself, what do I want to do every day for the rest of my life…do that.”
“All your ideas may be solid or even good .. But you have to Actually EXECUTE on them for them to matter.”
“You need to spend all of your time and energy on creating something that actually brings value to the people you’re asking for money!”
“A penguin cannot become a giraffe, so just be the best penguin you can be.”
“Ideas are completely, completely, completely worthless unless you execute against those ideas. And you can sit here and tell me what your “purpose” is, but unless you go and execute against it, it is not different than an idea, which is completely useless without fundamental execution.”
“The first 5 years in your life out of school, should be 100 percent predicated on living the thing that you dream about the most. AKA, if you want to be a rap mogul, you should be hitting up the P-Diddy, Jay-Z… and go work for them for free for 5 years. The number one way to win, is to be as close to the sun as you want to be.”
