Alex Hormozi, an American entrepreneur, began his journey as a management consultant in the public sector. However, in his quest for growth and learning, he ventured into the fitness industry, launching his first gym at the age of 23.
With sheer determination and effective strategies, his small gym chain grew from zero to six locations within three years. Over the subsequent two years, Alex and his wife embarked on a mission across the country to turn struggling gyms around. Their groundbreaking success emerged from packaging and licensing his unique boutique gym model to over 5000 gyms worldwide.
Moving forward with their success, they initiated a supplement and software company to assist their growing network of gyms. In 2021, they sold a 66% stake of their company to American Pacific Group for $46.2M.
Acquisition.com and Furthermore
Following this, they commenced Acquisition.com, a holding company for their private investments. This private equity firm specializes in making minority investments into profitable, growing, founder-owned businesses, which they then scale. Their portfolio of 16 companies generates a yearly revenue of $200,000,000 as of 2023, and continues to grow.
Shifting the Mission
Currently, they have recalibrated their mission towards making quality business education accessible to everyone. To achieve this vision, they generate content across various social media platforms, while also authoring books and providing free courses for budding entrepreneurs.
His recent book, $100M Offers: How to make offers so good people feel stupid saying no, has sold 300,000 copies based on word-of-mouth marketing alone. Besides their professional commitments, Alex and his wife indulge their love for fitness by training at hardcore gyms, where they relish the challenge of each workout.