Have you ever wondered how much Alex Hormozi’s net worth is?
Alex Hormozi is a fitness enthusiast, author, investor, philanthropist, social media influencer, and entrepreneur. He founded several companies, including Gym Launch, Acquisition.com, and Prestige Labs. He’s the first in his family to achieve solid business success.
As of May 2023, Alex Hormozi’s net worth sits at $15 million. In this article, we’ll explore everything you need to know about Hormozi’s journey and how he gained success.
Table of Contents
Early Life
Alex Hormozi was born on August 18, 1992, in Austin, Texas, USA. At a young age, he developed a passion for health and fitness. During his high school years at Gilman School in Maryland, he took part in several outdoor activities, like tennis and soccer.
After high school, he pursued a Bachelor of Science in Human and Organization Development at Vanderbilt University. During his three-year course, he was the vice president of Vanderbilt Powerlifting and president of the Pi Kappa Alpha fraternity.
In 2011, he graduated Magna Cum Laude. Afterward, he worked as a management consultant at a boutique strategy business. After two years though, he left his job and ventured into the fitness industry.
Career Life
Alex pursued his passion for fitness and made quite a name in the industry. Here are Hormozi’s career steps:
1. United Fitness
Hormozi’s first company was United Fitness. Through his hard work, the company expanded to six locations within three years of business. However, he sold all six stores in 2016 because of several issues he was facing at the time.
According to his interview at the Iced Coffee Hour podcast, the sale amounted to approximately $300,000.
2. Gym Launch
After Alex Hormozi sold United Fitness, the company transitioned into a turnaround business. Along with his wife, Leila Hormozi, he co-founded Gym Launch.
Gym Launch is a mentorship program that offers business training and coaching for turnaround fitness facilities. In two years, Gym Launch transformed over 30 brick-and-mortar businesses into profitable ones. By doing so, his business locations also became successful.
Moreover, Gym Launch has helped over 1,500 gyms across the United States.
3. Licensing Business
Following the success of Gym Launch, Alex Hormozi ventured into the licensing business. Alex wrote down and licensed his business model. Then, after four years, Hormozi scaled over 4,000 locations.
4. Prestige Labs
In August 2018, Leila and Alex Hormozi started another business called Prestige Labs. It’s a sports nutrition company that produces supplements for athletes and Olympians.
After years of searching for the right supplements for his clients, Alex decided to launch his beneficial line of supplements.
Hormozi contracted one of the world’s top nutrition and supplemental exports, Dr. Trevor Kashey, Ph.D. Moreover, the company formulated a high-quality supplement line in the US using top-quality ingredients.
In fact, Prestige Lab’s supplements are banned in many countries because some ingredients aren’t available over the counter.
5. Artificial Lead Automation & Nurture
After the successful launch of his supplement company, Alex co-founded Artificial Lead Automation & Nurture, or A.L.A.N. The company focuses on eliminating the time-consuming part of acquiring brick-and-mortar companies.
Intending to get a high percentage of leads, A.L.A.N automates the working potential leads and shows them without human interaction.
6. Acquisition.com
In 2020, Alex Hormozi became a venture capitalist by founding Acquisition.com. Through his company, he invested in and helped multiple businesses.
Aside from supporting small and medium-sized companies financially, the company also assists in sales and corporate strategy.
7. Book Launch
Aside from his remarkable business ventures, Alex Hormozi also authored two books called ‘Gym Launch Secrets: The Step-by-Step Guide to Building a Massively Profitable Gym’ and ‘$100 Offers: How to Make Offers so Good People Feel Stupid Saying No.’
Hormozi launched his first book in 2020 and received 4.5/5 ratings on Goodreads and 4.7/5 ratings on Amazon.
On the other hand, his second book was launched in 2021 and ended up with 4.9/5 ratings and over 10,000 reviews on Amazon. Â
Social Media
After the launch of his books, Alex Hormozi created an account on all major social media platforms, such as TikTok, Twitter, Instagram, and YouTube. Alex began sharing content on social media, where he talks about entrepreneurship.
In addition, he also posts motivational videos.
As a social media influencer, Alex Hormozi’s Instagram account has an impressive follower base of 600,000 and his YouTube channel has over 700,000 subscribers.
Alex Hormozi Net Worth 2023
As of May 2023, Alex Hormozi’s net worth sits at $15 million.
Aside from his portfolio of companies, Alex revealed in an interview that he makes $60,00 annually from his book sales and $500,000 off of YouTube ads.
In addition, according to the Business Method podcast, he made a $1.2 million monthly profit.
Moreover, Alex and his wife showed their generous side by donating over a million dollars to After-School All-Stars. The charity provides free educational after-school activities to support youth.
Frequently Asked Questions (FAQs)
Why is Alex Hormozi famous?
Alex Hormozi became famous because of his expertise in monetization and acquisition. Additionally, he does charitable work by offering underprivileged youth access to education and encouraging them to venture into entrepreneurship.
How Much Does Gym Launch Cost?
The mentorship program will cost you $16,000 over 16 weeks.
Who Is Alex Hormozi’s Wife?
Alex Hormozi is married to Leila Hormozi. They met in one of the early days of Gym Launch. After helping Alex with his startup, they got married.
After then, they ventured into businesses together as co-founders.
Key Takeaways
Don’t Give Up
Although Alex Hormozi sold all six locations of his first business, he didn’t give up. Instead, he fought for his dreams and transitioned his company into a turnaround business.
Work Hard
Through Hormozi’s hard work and resilience, he was able to restart his company and co-found new ones.
Plan to Expand
When Alex started his business, he planned to expand his ventures, leading him to invest in several companies, such as brick-and-mortar businesses.