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Alex Hormozi is an American businessman, entrepreneur, Fitness Coach, Author, and Philanthropist.
Alex Hormozi’s net worth is a bit controversial. While some argue that he is worth about $100 million, others say that the figure is unrealistic and argue that he is worth about $10 million or less. Lately, he has been compared to the likes of Ashton Meem, Peter Guber and David Copperfield.
What Is Alex Hormozi Net Worth
Alex is best known for touring different gyms around the world and helping gym owners to grow their gym businesses. Well from our findings, Alex Hormozi’s net worth as of 2023 is estimated at $15 million. We will prove this as we move on in this article- discussing his annual earnings and how he got rich.
Also, we will be previewing his career, biography, endorsement deals, personal life, assets, and frequently asked questions about him. Stay on this page.
Alex Hormozi’s Net Worth Annually
Alex’s major source of income is his Gym business. Gym Launch has been so successful since its launch in 2017. Statistics show that it yielded over $2.5 million per month in the first 12 months after launch.
In the same order, it yielded over $17 million in profit in the first year of licensing. That is more than $28 million in the first year of launch.
earned over $2.3 million per month in just the first 12 months, and earned $17 million in profit in the first year of licensing. Alex Hormozi sold Gym Launch for $46.2 million in 2021.
In 2021, he sold Gym Launch for $46.2 million. Today, his annual earnings from his businesses are estimated at $100 million.
Also, Alex had a YouTube account with 972,000 subscribers. With 888 videos posted, he earns about $13,000 monthly from Google AdSense.
How Did Alex Hormozi Get Rich?
After college, Alex went to work as a management consultant at a strategy firm. He worked for the firm for two years before he decided to go solo. He pursued his fitness passion by starting a gym.
The business wasn’t profitable at first— in fact, things were so bad that he was sleeping on the gym floor. But with time, business boomed and his monthly earnings reached $10,000 across six locations.
Many other gym owners were struggling to make ends meet. Amazed by the turn of events for Alex, they approached him for business advice. This led to the birth of Gym Launch, a business he started with his now Wife, Leila Hormozi.
They would share their gym launch secrets with other gym owners, helping them maximize profits. Alex went on to turn his process into a licensing model, helping over 4,000 gyms operate under him.
Gym Launch returned over $2.3 million per month in just the first 1 year, earning $17 million in profit in the first 12 months of licensing. Alex later sold Gym Launch for $46.2 million in 2021.
As time went on Alex and Leila founded other businesses like supplement firm Prestige Labs and software company ALAN. He is mostly a board member in the business except for Acquisition.com where he remains the CEO.
Alex has published two books and operates a YouTube channel with over 800,000 subscribers. Hormozi is going higher in the coming years with more investment in the upscale business.
Alex Hormozi was born on August 18, 1992. Not much is known about his family or place of birth.
He attended Gilman School in Maryland. Later he went to Vanderbilt University where he graduated with a Bachelor’s Degree in Corporate Strategy.
|Full Name:||Alex Hormozi|
|Birthday:||August 18, 1992|
|Weight:||82kg (180 lbs)|
|Height:||5 ft 9 in (1.75 m)|
|Profession:||Entrepreneur, Gym enthusiast, Author, and YouTuber|
|Popular for:||Success with Gym Launch|
|Social Media Accounts:||
Alex Hormozi started his career as a bodybuilder and fitness enthusiast as a teenager. When he left school in 2011, he went to work for a government agency as a consultant. He however left the job.
He went and established six gyms. The gyms didn’t do so well financially and things got tough. However, he didn’t give up, rather he adopted new strategies to upscale the business.
Gradually, things turned for good and business became a boom. He made over $10,000 per month from the six gyms. Surprised by his success, other gym owners came to him for business advice.
That birthed Gym Launch in 2017. He started touring different gyms across the country and beyond- teaching gym owners how to take their businesses to the next level. He has so far helped over 2,000 gym owners to get the best out of their gym business.
Hormozi didn’t stop there, he went on to launch his second company, Prestige Labs, a supplement firm. It later incorporated other businesses and in 2019, the company debuted Done For You Meals, DFYM.
DFYM is a door-to-door delivery pre-packaged food brand. This was to help gym owners have a better grip on their business and realize better results.
Alex launched a third company in the fitness space in 2020. It was a software company called ALAN. It helps local businesses close high-ticket clients. He also hosts a podcast named “The Game with Alex Hormozi” which discusses building businesses.
Alex has so far invested in other small businesses and has even written two books. He is also a media personality with verified accounts across major social media platforms including Instagram and Twitter.
Not to forget that his YouTube channel is also amassing thousands of subscribers and video views. He currently has 992k subscribers.
As a bodybuilder and media personality, Alex has been influencing many brands for years. He has different ambassadorial deals for different brands, mostly fitness and gym brands.
Alex Hormozi is married to his long-time partner, Leila Hormozi. The two met at the time Alex was working his way through building his first six gyms and got married a months after.
The couple is known for their philanthropic acts. They once donated over a million dollars to After School All-Stars, a charity with a mission to support youths by providing free, education-based after-school activities.
Alex doesn’t have Real estate, so to say. He sold his $4 million mansion in Austin, Texas in 2021. At the same time, he sold almost everything he had. Safe to say he is following in the footsteps of billionaire, Elon Musk.
Alex and his wife Leila currently live in Las Vegas, Nevada where they manage several companies. Reports say the house may be theirs. We are not sure though.
Alex is also not a fan of luxury cars. He even advises people not to spend more than $5000 on a car. However, his status in society wouldn’t be complete without one or two luxury cars.
So he owns a Ferrari 488 Pista that goes for about $330,000. He also owns a Mercedes-Benz GLE 53 AMG (which may be sold out). The car is currently estimated at $80,000 or more in the market.
Do Alex Hormozi And Leila Hormozi Have Children?
The couple has been married for over 10 years now but they are yet to have children of their own.
We believe the absence of a child in the marriage is not a result of their inability to have one but their choice. The two are busy building an empire and probably have later plans for having children.
When Did Alex Hormozi Become a Millionaire?
The gym enthusiast and author made his first million at 23 years. This he achieved through his first business, Gym Launch.
He is now worth over $15 million with different business investments and a strong social media presence.
How Many Gyms Do Alex And Leila Hormozi Own?
There are only 6 known gym locations owned by the couple. The 6 gyms were founded as far back as 2016 and have returned millions of dollars annually ever since then.
However, the couple is still in the brick-and-mortar gym business, expanding their presence to different locations and countries.
Where is Alex Hormozi Originally From?
Alex Hormozi’s roots are yet to be determined. Many argue that he is Irish while others believe he has his roots in an Indian family
Well, the Irish part may be true but all we know is that he was born in America and has lived in America all his life.