Transcription
Excuse me, sir. Sir, I have a question for you. How did you become wealthy?
>> How do you know I'm wealthy?
>> I have a channel with 20 million followers. I interviewed millionaires and billionaires all over the world to help the younger generation. I just interviewed Arthur Blank, the owner of the Atlanta Falcons last week. What did you do, sir? What What What line of business were you in?
>> I started a magazine for black women called Essence.
>> How long has the magazine been around for? Is it still around today?
>> Magazine came out in May of 1970. So, it's still publishing. 56 years.
>> So, you've been an entrepreneur over 50 years.
>> Absolutely.
>> Do you have business partners?
>> Yes, I did. Four partners. So, what was your superpower? What did you focus on when you were growing the business?
>> Cash. Just remember one thing. Cash is king, queen, jack, and everything else.
>> How old are you today?
>> 85.
>> You're not 85. Are you serious?
>> May 15th, 1940. That's when I was born.
>> Do you believe in God?
>> Yes, I do.
>> How did you know God was real? Did you grow up in the church?
>> Yes, I did. You feel it in your heart and you intellectualize with your head. You study.
>> Where are you from?
>> I'm from New York City, but I live here in Centry City.
>> In Los Angeles now. Where do you think it's better to do business? New York or Los Angeles?
>> Yeah. It doesn't matter.
>> It does not matter. If you have an idea and you think that someone is not doing an idea that you think you can do, go for it. That's what it's about. Businesses are started in the south in Virginia.
>> 100%.
>> Now tell us real quick how big was the company? How many employees? How many employees?
>> At one point I had 300 employees.
>> And how about total revenue? More than 10 million.
>> You sold me.
>> Hey, was it more than 50 million?
>> You insult me.
>> Are you serious?
>> So was a nine figure company?
>> Yes. Sold by business to Time in Time Warner.
>> Hey, so thank you so much for your time. So I got to shake your hand real quick before I get out of here. and you have amazing advice.