My First Million #185 with Andrew Wilkinson - The Secretive Billionaire Who Acquired Burger King, Creating Better Babies & How Much Money is Enough?
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May 25, 2021 
Andrew Wilkinson, a serial entrepreneur and founder of MetaLab, joins for an intriguing discussion on billionaire Jorge Paulo Lemann's unconventional business strategies. They explore the art of cutting costs, including the extreme measure of selling corporate jets post-acquisition. Andrew also shares insights on his local media venture and innovative ideas for enhancing maternal health and creating healthier babies. The conversation wraps up with a thought-provoking look at the concept of 'how much money is enough' in the pursuit of a fulfilling life.
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Jorge Paulo Lemann's Acquisitions
- Jorge Paulo Lemann, a secretive Brazilian billionaire, built his fortune by acquiring well-established consumer businesses like Burger King, Budweiser, and Heinz.
- He runs them profitably by implementing cost-cutting measures, famously selling corporate jets upon acquisition.
Starting a Bank
- If you're starting a banking business, focus on sales and financial modeling.
- Recruit people who are skilled at high-level sales and deal structuring.
Fundraising Without Bankers
- When raising money, consider bypassing bankers and directly contacting potential investors.
- This approach can save you significant fees while still effectively securing funding.
