$4.7B Oil Brokerage at 23
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A story about Brad Jacobs' first major business success in the oil industry at a young age.
"He started Amarex Oil Associates when he was 23. It was an oil brokerage firm, which basically means connecting folks who created oil to large businesses buying oil. Within a very short amount of time, only about 4 years, Amarex's oil business was doing $4.7 billion in gross oil bookings. That's how much oil they were buying and selling. I imagine his company kept a tiny percentage of that, like 1 or 2 or 3%, but incredibly impressive for a young guy. After a few years, he sells that business for $1 billion.
Then only a couple months after that, he starts Hamilton Resource out of England. He convinces a French bank to give him a $1 billion line of credit. He moved physical cargoes of oil from one place to another. The eighties turned out to be a great time in the oil business, and he built Hamilton up to about $1 billion in revenues and did business in dozens of countries before moving back to the states in 1989."
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.