We Study Billionaires - The Investor’s Podcast Network

TIP525: Secrets from a Private Billionaire Club w/ Michael Sonnenfeldt

13 snips
Feb 17, 2023
Guest
Michael Sonnenfeldt
In this engaging discussion, Michael Sonnenfeldt, a prominent real estate entrepreneur and founder of Tiger 21, shares invaluable insights from his private billionaire group. He reflects on his early achievements and the lessons learned from both successes and setbacks. Topics include the unique peer feedback process for investment strategies and the importance of resilience in entrepreneurship. Michael also emphasizes the significance of climate action and evolving investment trends, urging listeners to think bigger in their pursuits.
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ANECDOTE

Richard Sonnenfeldt's Life

  • Michael Sonnenfeldt's father, Richard, had an extraordinary life, escaping Nazi Germany at 16.
  • Richard became the chief interpreter at the Nuremberg trials, translating for Hermann Goering, and later invented color TV technology.
INSIGHT

Value of Education

  • While formal education isn't strictly necessary for success, a good college education provides valuable rounding.
  • Exposure to diverse subjects like law can spark lifelong interests and offer an edge in various areas.
ANECDOTE

Harborside Terminal Deal

  • At 17, Sonnenfeldt envisioned converting a family-owned industrial building into office space for Lower Manhattan firms.
  • Years later, he executed this idea, turning a $25,200 investment into one of New York's most successful real estate deals.
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