Unlocking Wealth: 90% of Millionaires are Created From Real Estate, 100% of Billionaires are Created From Private Equity | Kris Krohn E312

Is real estate still the best path to wealth, or is private equity the next level? In this episode of The Rich Somers Report, Rich sits down with Kris Krohn, a real estate investor, entrepreneur, and private equity expert, to break down why 90% of millionaires are created through real estate, but 100% of billionaires are made through private equity. Rich and Kris dive into: How Kris went from saving up $5,000 for his first FHA loan to building a massive real estate portfolio.Why house hacking...

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Join host Rich Somers, as he interviews top real estate investors, entrepreneurs, and athletes from all over the world to discuss all things real estate, business, and wealth related. His first guests include Tarek El Moussa - real estate investor & TV personality, and Cliff Avril - former Seattle Seahawks player & Super Bowl XLVIII Champion. Rich is an active real estate investor and entrepreneur holding a portfolio of apartment buildings, boutique hotels, and short-term rentals valued in excess of $80M. He was an air traffic controller for the government for 11 years, and cashed out his 401k to get his start in real estate investing. Connect with Rich on Instagram: @rich_somers