The Ruthless Rise of The Wolf in Cashmere

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When you look at the Forbes Billionaires list, almost all the men you see made their money in tech: Jeff Bezos with Amazon, Elon with Tesla, Gates with Microsoft, Zuckerberg with Facebook, Ellison with Oracle, and Page and Brin with Google and then you have a man named Bernard Arnault, at #2 with around $170 billion dollars, trailing right behind Jeff Bezos and in front of Elon Musk, and often trading places with them.
Bernard made his billions in the world of luxury: everything from fashion, leather goods, jewelry, and high-end spirits. He’s the man behind the parent company that owns some of the biggest names in luxury: Louis Vuitton, Dior, Celine, Hennessy, Tiffany & Co, Tag Heuer, Hublot, Sephora, and many more.
The world is ran by smart people. If you look at the totem pole of society, it’s just smart people on top of smart people trying to convince other people to do what they want them to do. When you’re poor, you are owned by smart people: like your boss. But then, some people are able to make it out of that poor phase into the freedom phase where you’re making around $100k a year or more on your own. At this point, smart people can no longer get at you - but they still really want to because we're naturally power hungry creatures. So in order for smart people to convince successful people to do what they want them to do, you have to lure them in with something else. And that something else is luxury goods.
Bernard grew up as the son of a father that owned a manufacturing/civil engineering company in France. According to Bernard, his mom made two major contributions to his life: one, she made him take piano lessons and two, she had a fascination with the perfume and fashion brand Christian Dior. His father was the one that really gave him a sense of business, and by age 25, he took over the reigns of his dad’s company, with the ambitions to start his own empire.
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30 сен 2024

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Комментарии : 1,6 тыс.

@jaketran 3 года назад

📹 Get unlimited stock video, photos, music, & more at storyblocks.com/jaketran

@bhuvaneshs.k638 3 года назад

Please do a video on Controlled Nuclear Fusion Technologies and how it'll impact the society

@colincooper4980 3 года назад

Congrats on half a million subs mate

@SeysFlosse 3 года назад

I submitted a very similiar video idea back when you started the competition. Not saying you owe me anything or so, the rules were also pretty clear and I would have put the money to charity anyway. Funnily enough I'm also a watch guy. So I would like to offer you the following: Let's safe our next watch purchase for another time and give the money to charity! If you will donate 500 bucks I will match them and donate them as well. :) Anyway, great content, keep going!

@blairmatthews2761 3 года назад

Video idea: “golden handcuffs” for lawyers - the path to law school lured in to big law a lot of money and a lot of debt and a lot of spending…

@SimonTangers 3 года назад

Does storyblocks let you upload copyrighted HBO footage?

@ad_astra468 3 года назад

Since the main point of luxury items is to show off wealth, it's extremely easy for those who sell them to make a huge profit since the more overvalued they are the more they fit their purpose.

@crimsonite1524 3 года назад

the premium market segment is the best priced of all the segments, quality meets the price, the luxury segment is overpriced and the mass marketed segment is low quality

@william_SMMA 3 года назад

Yup And most of those items cost $300-$500 to make even with all the diamonds (actual cost not imposed value) And they sell them for , $30,000 - $3,000,000 Profit margins in outer space

@Ibrahim-vx5kq 3 года назад

@@william_SMMA literally,£500 for a t-shirt that uses the same quality as a £100 shirt or probably just a normal nike t shirt that costs £25

@cautarepvp2079 3 года назад

@@Ibrahim-vx5kq what does 100 have compared to a 25 one??

@porto1st 3 года назад

@@cautarepvp2079 colour and material quality doesn’t fade after repeated washing, better quality fabric, fits better

@RealAmarSheth 3 года назад

Jake, your storytelling abilities continue to elevate. Keep it up!

@Aristocratic13 3 года назад

But he sometimes uses poor choice of words

@thundageon5962 2 года назад

The fact that a PS5 is more valuable than luxury plastics.

@allergy5634 Год назад

I remember when Tran’s documentaries were good

@bjmagiq961 3 года назад

So nobody s gonna mention how he murdered those names

@deagratiasmatias9556 2 года назад

I am new to cryptocurrencies such as bitcoin, but I am very interested and curious to start investing in it, although I do feel this is kind of late now. Can anyone tell me what I need to do?

@AbubakaCalo 2 года назад

Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.

@AbubakaCalo 2 года назад

Crypto is the future and investing in it is a good idea

@AbubakaCalo 2 года назад

Bitcoin is the future

@abdullahshaikh9816 2 года назад

Bruh, another scammer thread, tf.

@Ibrahim-vx5kq 3 года назад

This guy's wealth shows how badly people want to seem rich and how badly people want validation from others

@FamousFelix08 3 года назад

It’s human nature. He banked off peoples needs of validation. People worked for him cause he validated them. He made them seem like they matter. Which is important. If something you wear makes you feel like you matter... or validates you period.. you’d buy it no? Or if someone you confide in Can do this youd listen to them no?

@kylekennedy420 3 года назад

He found how to hack the brain’s reward system, how to make people feel better and made an absolute killing doing it. It’s no small feat. And he also basically monopolised the luxury space, so there’s that too.

@devillif311 3 года назад

@@FamousFelix08 Materialistic things should not make you feel validated

@FamousFelix08 3 года назад

@@devillif311 you are right. Yes but that’s just not how it is

@devillif311 3 года назад

@@FamousFelix08 Sadly to the majority. Hope people wake up to this fact. itll make the world a whole lot happier

@chrissidesteps3745 3 года назад

Remember boys! "Learn what to avoid through the misfortunes of others"

@autozone5695 3 года назад

Amen brother

@spycraft1842 3 года назад

@Pinned by Jake Tran NO

@carltonmiller6701 2 года назад

Thanks bro

@Otzkar 2 года назад

I'll avoid being poor by seeing other people be poor?

@boxingproff7627 3 года назад

"The things you own end up owning you." Tyler Durden

@vietimports 3 года назад

there's a book on this called The Theory of the Leisure Class: An Economic Study of Institutions about conspicuous consumption. its basically about how rich people are always the downfall of society, every time

@RealLukifer 3 года назад

@pinned by Jake Tran this is a scam, don't fall for it.

@nhdarling2 3 года назад

"Quote here" - fictional character

@amiracleone2803 3 года назад

My thoughts exactly.

@mrpoxycat3967 3 года назад

and Ted K

@seperfecto6677 3 года назад

“People suffer at the thought of being without parents, without food, or without worth. Yet in losing, much is gained and, in gaining, much is lost.” Lao Tzu

@bluerabbitjeevs 3 года назад

Hey I'm an idiot, can someone explain this?

@seperfecto6677 3 года назад

@@bluerabbitjeevs everything has its polarity, for everything that you gain some thing is lost. In the chase for materialistic possessions, high status, and monetary riches you loose a big part of your youth, time with family and friends, etc. (Everything has its price) In my opinion you must make the choice as an individual and measure if what you are winning is more worthy than what you are loosing. Try too keep balance Know that no matter who you are or what you do, nothing lasts forever and you are going to die, there is no heaven and no hell those are just perceived present perspectives, so be (not do) be whatever brings you into your own heaven.

@spacenodus7959 3 года назад

@@seperfecto6677 also freedom since you worry so much about what could happen to your possessions

@seperfecto6677 3 года назад

@@spacenodus7959 True , “if you overvalue possessions, people begin too steal” “throw away industry and profit and there won’t be any thieves”

@seperfecto6677 3 года назад

@@spacenodus7959 Or in more simple terms like tyler durden said “the things you own end up owning you”

@wynn579 3 года назад

Having rich parents who own a company seems to be a pretty important step in success it seems

@mr.l8527 3 года назад

Kind of an odd way to look at it, considering the parents or grandparents likely didn't begin as wealthy business owners, themselves. All it actually does is give an individual a bit of a "head start" - assuming they use their lot in life intelligently. Most family wealth is gone within 3 generations. The ones that keep the wealth and/or increase it over time are often the families that are involved on some lucrative field and perpetuate perfectionism and a ridiculous work ethic among themselves. ...Also, the top 1% aren't the same people. They change every decade as they are replaced with the next uber-successful business/entrepreneur.

@mclilzenthepoet2331 3 года назад

@@mr.l8527 your acting as if knowledge of how to run the business is suddenly gone and not passed down to make sure the family's wealth never dies

@wynn579 3 года назад

@@mr.l8527 this is true, but it definitely is an advantage

@millerturq4418 3 года назад

@@mr.l8527 Being the child of business owners means you grow up learning their mentality, their habits/routines, their lifestyle, and their decision making. It's a pretty big advantage. I witnessed this firsthand growing up as the poor kid in a private school and running a business myself. Regardless, the facts you mention are still good points.

@narutohenaruto 3 года назад

not for everyone, it depends on the person, if the person who inherits has a wrong understanding of the world then that fortune will be lost. so, its good to acknowledge that it takes a lot for anyone to succeed in life. inheriting money will save a lot of time and effort for sure, but then you need to know how to keep it.

@Xerathiel 3 года назад

Interesting video, but I didn't see a lot about the ruthless "wolf" part. It was more of a "he saw an opportunity and took it". Felt abit too happy.

@gidd 3 года назад

That was for clicks

@johan1471 3 года назад

opportunity alone doesn't create that level of success, the wolf of cashmere was coined on him way before this channel even was created, taking over 70 luxury companies under one group is not opportunity business world doesn't work like that he mostly had to tear them out from other competition that also wanted to make same acquisitions

@spycraft1842 3 года назад

@pinned by Jake Tran NO

@JstJaybeingJay 3 года назад

He back stabbed Luis Vuittons ceo during the Hennessy merger to take control of the LVMH. Checkout the Luis Vuittons story.

@lilas8217 3 года назад

He uses sl@ve labour. But all billionaires use it (and yes, that includes Elon Musk), so it doesn't make him any more of a wolf than anybody else is.

@josephudokim2616 3 года назад

Nice video!! Very engaging from beginning to end, nevertheless online investment is the best profitable way to earn money right now.

@lauriereid6514 3 года назад

I believe that companies and billionaires money make profits by trading with expert traders

@ednerklax4456 3 года назад

Making profits is not hard while investing with an expert

@houstonlamer1731 3 года назад

That is why I want to hire an expert Stephanie William she trades volatile forex market and bitcoin trading

@luckiestjames7254 3 года назад

How many days does it take experts to make profits

@queenjones5692 3 года назад

I've learnt that investment is the best way to preserve wealth

@Bowlyful 3 года назад

This guy has an impressive story. Taking control of LVMH like he did was impressive !

@zagrosqazy3798 3 года назад

i will fucking shet on your brain sense your brian is full of it

@Bowlyful 3 года назад

@@zagrosqazy3798 God ! Not my poor Brian, he is full of "shet" !

@j4genius961 3 года назад

It's a rather classical billionaire story, born a multi- millionaire, screwed up thousands/millions of people on his rise to the top and voila! Oh, and don't forget to call yourself "self made"

@guillaumegiroux9425 3 года назад

He was already wealthy from his parents business and bought a french state-owned company for pennies on a dollar at the right time at the right place. He’s good and ruthless indeed, and runs a business where people approve of those « survival of the fittest » lifestyle, but it’s luck that catapulted him where he was, he would just be a shop owner otherwise. Plus, the growth of LVMH in the last 30 years came from, oh yeah, China. What a great timing. I prefer Elon Musk.

@Bowlyful 3 года назад

@@j4genius961 Well to be fair, it's true that he inherited his dad medium size construction compagny when he was yong. But to say that he doesn't deserve credit while he entered a completly foreign buissness and make it one the biggest compagny on the planet is not fair for me. For context there is currently arrond 50 milions milionnaire on earth while there is only arrond 3000 bilionnaires. To rise from this first category to the second in one generation is still quite impressive. I mean Mark Zuckerberg who start from zero for exemple is more impressive but still, it's pretty impressive. As for the argument "screwing thousand/milions of people" I don't really understand, he is selling luxury good. People can live without it, nobody has been force to do a purchase. If he had srewed anyone it sould be other executive but that's how it works in buisness so I won't cry for them. But to be clear I think even if his career is impressive I think the bilionaires should be taxed a lot more because it's not normal for single human being to focus this much weath.

@mr_legendaryguy9870 3 года назад

The interesting thing is that Bernard Arnault both sells and buys luxury goods. All these yachts and homes and art are all the same sorts of luxury goods he is selling, and all almost definitely have luxury margins on them.

@cuddlemuffin.9545 3 года назад

Infinite money loophole?

@anguluth2878 3 года назад

Totally right. He's buying goods to show social status just like his customers are doing with the products he sells. Only difference is that he's far from being broke buying luxury goods. He earns more than he can spends in his lifetime. Congrats on his business skills. But nobody needs that much money..

@kylekennedy420 3 года назад

It’s all about the margins and the image. If you’re spending more than you can afford to portray a certain image then you’re the sucker. But if you’re spending a fraction of your earnings to maintain a successful image that will probably make you more money, how can you lose?

@gidd 3 года назад

@@anguluth2878 lemme guess you're one of the "distribute the rich's wealth" people

@Kannot2023 3 года назад

You can't be in rags and sell luxury. He is the guru of luxury

@thomaskirkpatrick3870 3 года назад

It’s signaling for sexual selection and social hierarchy determination. This man leveraged the more primal parts of our minds to become ultra wealthy.

@johnl.7754 3 года назад

Exactly that’s why digital “art” won’t really take off among the rich because how are you going to show it off the women

@roverrange3674 3 года назад

@@johnl.7754 I saw an interesting twist on that. People selling NFT Fashion filters. Those you actually can show off on social media (which is more important to many people anyway). They look pretty dope too ngl.

@Joey-te1uy 3 года назад

You’re analysis is insightful

@Ctrl_Plus_F 3 года назад

Have a large screen showing it off lmao

@Archonsx 3 года назад

mmm no, expensive things look nice, what would you rather have? a high end beautiful mercedes or a crappy toyota? a mansion with the best luxury inside, or a crappy apartment with 1 room? if you have the money, there’s nothing wrong with elevating your lifestyle, it’s about preference, it has nothing to do with the sexual crap. But i do agree some of those expensive clothing brands are no different than a cheap h&m or second hand, and are only “valuable” because of the brand name.

@boggler13 3 года назад

“He gave me a sense of business “ as well as an entire already functioning business

@ibraheemkhan7134 3 года назад

Giving me Gary Vee vibes...

@dylandov548 3 года назад

Wrote a paper on LVMH for my first year and went in depth on him. Arnault is a ruthless genius.

@waw7fixed9 2 года назад

Can you share the paper please?

@cielhill9049 2 года назад

Please share the paper it'd be lovely if I could read it.

@Gh3tt0Gam3r 2 года назад

Please share!

@CHICKENNUGGET69360 2 года назад

Checked the databases, seems like paper is too bad to be published lmao. Basically nonexistent.

@Pharoah2 2 года назад

@@CHICKENNUGGET69360 “checked the databases” which ones lmao. And the dude said he wrote it in first year, didnt say he submitted it to a conference or journal. What academic databases did you check that would even have a paper about a fashion tycoon 💀

@sourishsaha8067 3 года назад

The margin in tech is hilariously out of the world Until anyone saw the margin on luxury goods

@sourishsaha8067 3 года назад

@@SourceHades Nice idea let's start together bro🤣. I am from tech background are you from luxury goods?!

@sudarshan3965 3 года назад

Consumer base of tech company are 7 billion people. While consumer base for luxury products is only top 1 or 2 % max

@personontheinternet2164 3 года назад

@@SourceHades Apple already exists

@azrulashraf00 3 года назад

@@SourceHades invest in personal robot company lol

@ConsciousnessExplored 3 года назад

@@sourishsaha8067 yes

@cocobrez 3 года назад

Congratulations on 500k, someone once said that "Success is not final; failure is not fatal: It is the courage to continue that count, and once you spy on jake Tran you will know how to rule the world"- Sun Tzu probably Winston S. Churchill: Yeah probably! angry face

@San_Deep2501 3 года назад

@Pinned by Jake Tran fuck off

@cheviidevii 3 года назад

I never get why LV and Gucci are called luxury brand when they barely make their own products and sell a crap ton of cheap material products. Its hilarious how people get tricked into buy fake luxury brand products.

@muymuy777 2 года назад

Thank goodness you said it out loud. I was thinking this whole time and keeping it to myself.. that those luxury brands make some seriously ugly and boring stuff!! Luckily I guess, I strictly do not invest in luxury. I don't know why for some reason I find Hermes bags unappealing.. it's just me, my personal opinion. No offense to the designers!!

@dianaindica4863 2 года назад

thats how the world works, the ones buying it know as well but they do it regardless

@annabarr1304 2 года назад

Gucci is owned by Kering group, Pinault is second richest man in France around 150 billion, but everyone just knows his wife!

@austingonzalez1148 3 года назад

Suggesting that all people in power are smart is wild

@thomasluck5955 3 года назад

You don’t have to be a genius to be successful or even rich.

@jonathanmontes8554 3 года назад

Compared to the avarage joe, they kinda are. Unless they where just born in to it.

@Flameapollo12 3 года назад

U rich?

@Flameapollo12 3 года назад

Rhetorical question, I know you’re not.

@charminarchaupal 3 года назад

You are clearly not smart

@LeRoiJojo 3 года назад

Rich people really like to think they're rich because they're smart, don't they?... 😂

@ashuranero5721 3 года назад

They are tho

@edizon204 3 года назад

They think outside the box and usually have strong will cuz they're against the odds when starting out. I'll say yes

@yethir7327 3 года назад

@@edizon204 no, I am from a family of a millionaire and I would tell you that's the biggest BS in the world.

@akhilmenoj8767 3 года назад

I would say the word smart is subjective.

@edizon204 3 года назад

@@yethir7327 Biggest BS? might be an exaggeration. Since ur born into one and not starting out as a middle class, yes?

@yingle6027 3 года назад

Overpriced junk that has no value? NFT's have entered the chat.

@travisfubu9053 3 года назад

NFT's and art is literally a money laundring/tax evasion scheme

@siddhantupadhyay2811 3 года назад

"The things you own end up owning you" said by a legend 20 years before in a cheap bar.

@shyeleganttrick2949 3 года назад

@Pinned by Jake Tran uhh...

@kubasniak 2 года назад

Quote of the poor and low social status who lost the game and couldn't do it so they bail out leaving the spot for stronger and better, winners.

@christophdegwerth449 3 года назад

I don't know who needs to hear this, saving money won't make you a millionaire investing will ... Take out some money and invest ,Do it wisely Tho.

@mitchellbyron4079 3 года назад

Exactly fine words ! I've heard all day... crypto has become a lucrative and profitable way of making money nowadays.

@maganhallie2537 3 года назад

I actually see crypto currency taking over the financial world ! it's making waves.

@theodorecasey2859 3 года назад

investing is good but investing in the right thing is the actual key to success

@christophdegwerth449 3 года назад

@@theodorecasey2859 I agree 💯 with you

@christophdegwerth449 3 года назад

my first investment with Mr patrick Richard gave me profit of 35,000 ever since then he has not failed to deliver 🤑

@kostas1477 3 года назад

Would love to see a documentary like this on George soros.

@anaklusmosgreek3198 3 года назад

"The Man who broke the England Bank." - Jake Tran

@asheru9254 3 года назад

👃

@subhamjha6562 3 года назад

Yes me too.

@hamdankhan319 3 года назад

@@asheru9254 👏

@alphabeta8610 3 года назад

@@mikhael636 rich don't pay taxes. They have an army of lawyers and accountants to find loopholes in tax laws.

@lydiam974 3 года назад

Money is an issue that everyone has for a better and luxurious life, Life was hard for me until I started trading bitcoin and am now earning $20,000 per week

@ruthfrank9873 3 года назад

wow I'm just shock someone mentioned and recommended expert Mrs Tracy walker

@alexanderpatrick4227 3 года назад

Bitcoin is on its way to the moon, it's time we join the Bitcoin community.

@florencesophia3177 3 года назад

I thought people don't know her

@vincentlouis9228 3 года назад

As a first time investor, I started trading with Mrs Tracy walker with just a thousand bucks now my portfolio is worth $16,650 within just weeks of trading with her

@gracealbert6268 3 года назад

12th winning thanks to Mrs Tracy walker she is really the best l've Read more about

@X11CHASE 3 года назад

There’s a popular automotive journalist/RU-vidr “TheSmokingTire” (Matt Farrah), whose dad led the sale Tiffany & Co. to LVMH. Crazy shit.

@Je.rone_ 3 года назад

Congrats on half a million subscribers you deserve it

@investorsray1474 3 года назад

*RICH PEOPLE PLAYS THE MONEY GAME TO WIN. POOR PEOPLE PLAYS THE MONEY GAME NOT TO LOSE. THE GOAL OF THE TRULY RICH PEOPLE IS TO HAVE MASSIVE WEALTH AND THE POOR SEES A SURPLUS AS AN OPPORTUNITY FOR CONSUMPTION INSTEAD OF INVESTING IT. CHANGE YOUR MINDSET AND DO WHAT THE RICH DOES, WHICH IS INVESTING, INVESTING AND INVESTING.*

@scottnicole2679 3 года назад

You're right ma,

@scottnicole2679 3 года назад

that's why I have to start forex trading 2months ago, now am making constant profit from it .

@haroldjuan4412 3 года назад

Natural, there’s a lot of math involved in forex trading,

@haroldjuan4412 3 года назад

but this is often presented in forms of daunting technical charts, indicators, patterns.

@proanjou491 3 года назад

Trading systems allow you to limit the factor of emotional influence on decision-making,

@goodlucktryingtoguessmynam9720 3 года назад

Stop calling them "smart people" call them "Capitalist"

@LouiseBrooksBob 3 года назад

4:40 The whole "smart people run society" model breaks down when such people can be convinced to give a way huge sums of money to buy Veblen goods, i.e. goods that are only valuable because of being priced so as to be unaffordable to the majority of people. So maybe for "smart people" one might substitute "rich people."

@noelcollins2355 3 года назад

Economics student...at least you are taking your lessons seriously.

@DIO-ls7zi 3 года назад

Jakey is just fueling the idea that rich people are these gods that should be worshipped and is a massive capitalist cheerleader

@tjij-mbai 3 года назад

It starts much sooner than that.... 4:00

@Nobody-tu5wt 2 года назад

Rich people hire smart people

@mistiroberts1576 2 года назад

Not to mention that if smart people = rich then does dumb people = poor?

@libertas_americana 3 года назад

Never trust someone who comes to wealth through fashion.

@stanko4333 3 года назад

Imagine the guy Speaking on purpose in a french - english accent to sound more exclusive. When he was younger his english was more American and fluent.

@sampdickles5095 3 года назад

That's when you have to realize that the money we have is really just paper, so having paper without the intent of putting that paper to use, makes the paper useless to you.

@cyrusthegreat7030 3 года назад

@Pinned by Jake Tran do you think we are stupid or something?

@ibraheemkhan7134 3 года назад

Yet using the paper makes you a slave to the rich people, can you ever win?

@ameenabdullah3712 3 года назад

There's no paper , only bank statements. . Nothing is as it seems if we do not know much better about it especially finance .the money creation process. Is actually when commercial banks give loans . We tend to think banks live off interest payments by loan takers ,in actual banks create money out of thin air ,by a process known as FRACTIONAL RESERVE SYSTEM FRS ,and moreover charge interest on it. They actually need to just tap on keyboard to increase the bank statement when they give out loan. Currencies only account for less than 3 % of the economy. Checkout Mike moleney series ,just search youtube . If you need more resources just comment.

@haniabdi1989 3 года назад

It's about more than practical use it's about public appearance as well since that usually has more advantages than what you can buy directly with money

@tomlxyz 3 года назад

@@ameenabdullah3712 it's not created out of thin air, it's backed by someone paying it back eventually. It's like bonds, their values comes from being paid back. And as long as the default rate is below the interest rate the whole system is stable and the value justified

@roseoverdose6451 3 года назад

floyd mayweather needs to learn this... says he's set for life, but does legacy ruining events to buy a 40th lambo.

@immaculatesquid 3 года назад

okay but even with depreciation factored in he could prob sell all the shit he's bought for 100 million. Sure he wasted 300 million in the process but 100 million is still enough to set you and yours for life if you don't do the same stupid crap twice.

@roseoverdose6451 3 года назад

@@immaculatesquid i'd rather have dignity, than possessions. he just looks like a greedy fool, it's not cool.

@GGWP-nx3kn 3 года назад

He’ll box the Paul brothers to make up for thise expenses, lel. He’s fine. His daughter on the other hand… 🤔😬

@roseoverdose6451 3 года назад

@Mister mister It can't be bought... has to be earned and it's what you are remembered for after you're gone.

@roseoverdose6451 3 года назад

@@aryannahar definitely not a fan. his fights are boring and he openly admits to "robbing" people who pay to watch his fights. He's a pretty trash human... but he did have a good boxing record and legacy. Too bad he's too stupid to realize there are more important things in life than money.

@NGCgalaxy 3 года назад

"The less you own, the less you're owned," anonymous

@feraselimam-youtube9805 3 года назад

My Man Alex Dropping wisedom...I miss these kind of videos that he used to make... too bad he is getting sucked into crypto lately ...

@pravesh917 3 года назад

He keeps buying the dip

@1q3er5 3 года назад

and what's wrong with crypto - still love his vids

@cassiejacobs4197 3 года назад

When you invest, you're buying a day you don't have to work

@kelvinpeter8640 3 года назад

@Mr Beast You're right Sir, it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to remain poor

@mbalimaka6393 3 года назад

@@kelvinpeter8640 It's not ignorance but due to some unprofessional broker in the market

@royalhighness8383 3 года назад

I recently got into forex trading and im already marveling over the profits I'm making, I'm like " how the hell have i been sleeping on this

@claresmithy4667 3 года назад

Most people venture into crypto currency to be a millionaire meanwhile I just want to be debt free and live comfortably

@oliviagreg5298 3 года назад

I'm new to this Bitcoin trading, how do I get started with a professional expert

@Incomestreamsurfers 2 года назад

I work for a company selling Kiton & Cesare Attolini suits - They start at $5k new. There is absolutely value in a $5k suit. The difference is unbelievable (coming from someone who was not into fashion at all until I started this job)

@RalphieMuskinyaar 3 года назад

The guy is a genius businessman. Using people’s desires against them.

@Rohan96949 3 года назад

Who is here after him being richest person recently🧐🤔

@RonaldMcPaul 3 года назад

As an AMC GME investor I'm interested in these diamond crusted bananas.

@rocketsmall4547 3 года назад

save it for cardboard box

@jonathanrussell594 3 года назад

There is definitely a public rich list and a hidden list.. 🤔 Making this a spectator sport.

@lovelyhomeboy2782 3 года назад

Problably not considering hiding money is really hard

@lobsterroomcleaningservice5997 3 года назад

Saudis: +1 trillion dollars.

@jonathanrussell594 3 года назад

@@lovelyhomeboy2782 exactly.. the persons that built a (the) machine don't exactly come to your home and wind it up for you every day.. The history of money has shown that the individual(s) that built the game, do their best to swop the middle man that is cash/credit (the idea of) for real world assets such as man power.. I feel that the 'rich' described on this public list are in no way richer than the very people that came up with the game(current version) in the first place.. as I said, it is spectators sport. I'd like to add that.. I'm in no way taking the success away from these individuals. But they are still under the table.

@jonathanrussell594 3 года назад

@@lobsterroomcleaningservice5997 The manner in which some individuals gain their wealth is not always news worthy. And sportsmanlike.

@Dimitri88888888 3 года назад

@@jonathanrussell594 these are the Rothschild's, they publicly are worth as a family at least 1 trillion but probably much more non public wealth. These are also the Rockefellers and the Morgans and many of the older families.

@gabepinto9458 3 года назад

The amount of drive and knowledge I get from watching your videos is amazing thank you

@ruthfrank9873 3 года назад

Money is an issue that everyone has for a better and luxurious life, Life was hard for me until I started trading bitcoin and am now earning $20,000 per week

@alexanderpatrick4227 3 года назад

same here I earn huge weekly profits of $16,443 on my Investment since i started trading with Mrs Tracy walker , his trading strategies are top-notch

@florencesophia3177 3 года назад

wow I'm just shock someone mentioned and recommended expert Mrs Tracy walker

@vincentlouis9228 3 года назад

you don't have to be surprised Mrs Tracy walker is good and everyone loves her qualifications and genuine services. I guess that's why she's popular

@gracealbert6268 3 года назад

am winning consistently trading with Mrs Tracy walker

@calebleo1267 3 года назад

I made up to $32,300 in 2 weeks with $3,100 through Mrs Tracy walker Roland strategy, she is just the best I can think of right now

@guillaumegiroux9425 3 года назад

One producer of luxury jeans once said: « a lady will not wear the same jeans than her maid »

@tarasd7130 3 года назад

It's funny how the wolf of cashmere himself is wearing an innovative smartwatch instead of an overpriced luxury watch with shiny rocks

@duyou2276 3 года назад

I don't need to pay for subscription to watch ,, billions". I almost watch the entire seasons in your videos 🤣

@RumoredAtmos 3 года назад

Replace "smart" with psychopaths

@paleamigo8575 3 года назад

People need to accept that a game is being played in regards to being successful. The average individual is playing at a fairly low level and similar to education, the higher you go, the higher the price. Once you accept that its a game you can determine how much you are willing to pay to play at the level you desire. Once there, you buy the luxury items, not for yourself entirely, but partially for others who value them more than you do. Great video, thank you!

@yonib59 3 года назад

I love that the first half of the video was about the reason why people buy luxury items and services, and then talk about the one of the man capitalized this area of business.

@osochara 3 года назад

I disagree with you on this one. Many “luxury goods” actually provide more than just the shiny image. Supercars tend to be an achievement of technology and ingenuity, watches (some I may say) are more than just about adding diamonds on top of gold, there’s traditional craftsmanship and innovation in the technology, materials and production behind it. There are arbitrary luxury goods, sure, like a leather purse that really adds nothing and will just disintegrate over time. If you take luxury goods under the scope of “they’re only worth something because people are willing to pay to show them off”, then yes, they’re worthless. But many luxury goods are more than just the bling, and high-value luxury goods like mansions and yachts can be leveraged financially, so they can be a smart way of managing your money. As to whether they are essential to your life, of course not. But that doesn’t make them worthless.

@MissGourmandefr 2 года назад

Exactly !!

@KFC_Pyongyang_AssistantManager 2 года назад

A lot of hermes purses are actually investments, the limited editions appreciate in value. The birkin has higher returns than the S&P 500

@Dividendology 3 года назад

Congrats on 500k!

@sammysam2615 3 года назад

Sweatshops have definitely helped him become wealthy

@FulcanelliRosetta 3 года назад

You are beyond your years in understanding the real world around you. I'm thankful you are showing others the cracks in the system.

@EphReinhard 2 года назад

I was not going to invest in fashion and luxury, but this video gives me that unrefutable reminder that everyone is a sucker for the shiny fancy things, and business will always be booming. A quick look at the stock shows a steady grow.

@rosemariebredahl9519 Год назад

It seems he looked at those products that people with large amounts of "disposable income" don't tend to worry about the prices of. An investor will haggle over the price of real estate, but not over the price of Hennessy at a 5-Star restaurant. They may haggle over the price of a collectable car or a custom yacht, but not over the cost of haute couture for their young arm-candy second wife. Etc.. Interesting strategy.

@thegentlenerd7453 3 года назад

Congrats on half a million subs man! Been following since the beginning and I’m very proud to see you succeeding! 🎉

@mudkip90000 3 года назад

If I was a millionaire I'd still buy all my clothes from Primark

@0xszander0 3 года назад

So they can break every year over and over? I mean, Primark really is the bottom of the barrel when it comes to quality as well.

@mudkip90000 3 года назад

@@0xszander0 I've been wearing the same £12 t shirts for 5 years now

@0xszander0 3 года назад

@@mudkip90000 Either you're not washing them as frequently as average. Or I don't believe it and you might be lying. Not saying everyone should buy LV suits. But damn, Primark? Everything I got there breaks with normal use, quickly. Never again. Not even talking about the absolute destruction of the environment the way they make clothing.

@alinaswift9514 3 года назад

@@mudkip90000 same

@mudkip90000 3 года назад

@@0xszander0 As a male, I must wear all my clothes 1000 times before they get binned. It's women, in my experience, that buy a dress for a night out an never wear it again. It's women that buy a new bag and get bored of it after a few weeks and buy a different one. It's women that buy shoes they don't like, put them in a cupboard, and then buy the exact same shoes a few months later

@santimerino 3 года назад

Amancio Ortega: "are you ignoring me?"

@Alvaro1ization 3 года назад

Viva España

@agent9184 3 года назад

never thought I'd see a becker and jake tran collab, amazing stuff!!! been watching both of you guys for years

@rajkin5315 3 года назад

Excellent work as always, Jake! I have no idea how LVMH isn’t being broken up by anti-trust law in Europe and in the US. It’s basically a luxury monopoly.

@MissGourmandefr 2 года назад

No, Kering and Richemont are also in the industry and have their shares. Individuals too like Chanel. So they don’t have monopoly even though they’re n*1

@supsoul7235 3 года назад

The fact that you put Alex becker in this episode tells me that you did your research, well done sir 👏👍🙌.

@1q3er5 3 года назад

haha i was like no way beckers in the vid

@supsoul7235 3 года назад

@@1q3er5 the most woke empty house miliolonaire billionaire

@jkb1603 2 года назад

Hey Jake ! You should do one about the “Mohn” family and their ties to the Nazis, leading to how they now run the American educational system today ! That would be very very interesting.

@leokal457 3 года назад

Some points in this video are just incredibly narrow minded. For sure nobody needs luxury goods. But nobody needs travel, art, games or entertainment in general. Most of the people do not need to shower hot. But that doesnt say people dont want it

@Aristocratic13 3 года назад

Also poor people aren’t dumb lol wtf I’m paraphrasing tho

@leviandhiro3596 3 года назад

Born on third base and thought he hit a home run but he did well with what cards he was delt 👍

@Trizzer89 3 года назад

I'd say becoming the third richest is still a homerun lol. Multiplying wealth by 100k. That would be like a middle class person reaching 500 million

@kektalks 3 года назад

Yoooo you included Alex Becker! The most woke multi millionaire troll in RU-vid xD

@elektrotehnik94 3 года назад

Checked his channel, it's really worth it.

@Aristocratic13 3 года назад

He’s a troll?

@gidd 3 года назад

How does one get your attention for a potential job opportunity I've been trying for quite long ,but won't give up!

@darlivip2042 3 года назад

Jake keep up the goodwork man, really loving your content

@peterseverin517 3 года назад

General rule of thumb in the premium and luxury market; the more popular the brand, the less value for money.

@Kiba114 3 года назад

3:15 i wouldnt call people reasonable who arent rich and buy LV lol

@alphapham2060 3 года назад

I wouldn't call rich people who buy LV reasonable lol.

@pravesh917 3 года назад

I wish I could invest in your channel right now and get a return when you hit a million subs.

@scopaf1662 3 года назад

I really enjoy your videos. They're all very well done and informative. I'm curious why you have footage from Billions in like every single video tho.

@ReubenAStern 3 года назад

"keeping up with the Jones" and now you "Aint got a pot to piss in"

@panismith1544 3 года назад

😅🤣😂😅🤣😂😅🤣😂 True

@eugeniosilva7102 2 года назад

Respect to that guy. Objectively impressive what he managed to achieve

@ayooshiyer8621 3 года назад

Seems like when this guy cries….. It rains in castamere I will see myself out

@bernardczaj99 3 года назад

Love to see other Bernards going big things. : )

@averagejoe7860 3 года назад

7:20 "the things you own, end up owning you"

@CloroxBleach-od4xm 3 года назад

I used to wait tables and play piano for extremely wealthy people. These are not the smartest humans in the world. Ive seen brighter bulbs in a blackout.

@mcjl232 2 года назад

I love your videos so much, but the way you pronounce “Dior” is criminal.

@agent3202 3 года назад

It's very interesting to see that the really wealthy people dont spend a lot of money on these luxury goods.

@user-bm9cv9vn2k 3 года назад

You didn't get the point, even 6 figure guys used as pawns, everyone is manipulated in luxury. Not everyone but almost everyone.

@headwyvern11 3 года назад

also just because you're in a higher position definitely doesn't make you any smarter.

@skydude77 2 года назад

My only criticism I've ever had from your videos is how abruptly they end. Some closure would be nice, though very difficult to do consistently. it would greatly appreciated to see maybe what's next in the subject or quick recap. Just a thought, loving your work so far.

@juliegary5168 3 года назад

Depending on one stream of income had never made any millionaire and earning check doesn't put you in Forbes

@roybilly9966 3 года назад

Interesting most people don't understand the market moves and tend to be mislead in facts like this and depend on money in the bank. Very bad idea

@williebobby1773 3 года назад

I totally agree with that.

@shawnclarence6483 3 года назад

The most common mistake i see new investors make is rushing into cryptocurrency without any guidance

@kiarareyansh466 3 года назад

@@shawnclarence6483 i agree, but finding a competent for guidance is not easy as it sounds 🤷

@briangeorge6506 3 года назад

If you know any professional please share 🙏

@ravipaardhiv9018 2 года назад

Well, I would say that this guy has sparkled the world with glitter with all the lavish things only to attract fools like you & me.

@BuzzChronicles 3 года назад

you make slaves of of your equals by convincing them they need something you have

@caralhoguy 2 года назад

0:05 I love that I share the same birthday as him, which is also on the same day as Stalin's death

@leonemaledetto1500 3 года назад

Jake tran dropping the ball hard on why people buy luxury goods

@kavenkocke3653 3 года назад

this changed my life for the better; more than you think. i feel you wont read this, but thank you. this video made me really consider where my mind goes comparing myself to others. thank you. to anyone who reads this late: money buys you things that make you look like you have liquid money, but in reality you blew that all on a pretty rock

@SaadAhmed3000 3 года назад

Love the Alex Becker shout-out! He has some great content

@matthewisraeli3351 2 года назад

If he says dewwr instead of Dior one more time I’m gonna eat my hand.

@Ncc-ko6hv 3 года назад

Bernard Arnault has been nicknamed The Wolf in Cachemire in the US. But was never ever nicknamed "le loup en Cachemire" in France 😆 .

@RumoredAtmos 3 года назад

Monkeys attracted to shiny things sums it up

@DD-su2qq 3 года назад

$50 million for a watch, but people still don't got food and water.

@alexjohnson9798 2 года назад

"all rich people are smart" lol

@Stroporez 3 года назад

You notice there is less talk in infosphere about "mass" and more talk about "premium". That means money pyramid became top-heavy.

@gzfashions 3 года назад

I disagree about the Rolex statement… if and when you buy the correct one it’ll surely become an asset just like purchasing stocks in the market… it’s value will grow over time and it’s a measure of time which is indeed the most valuable thing in the world.

@joshlewis575 3 года назад

I'll never understand how people's comprehension skills are so lacking. U watched the guy talking, he didn't say it was gonna depreciate monetarily he said it wasn't going to be as cool to u in 6 months after u own it, now u need another "luxury" watch. N I'm sure if u own a 50k rollie ur insuring it, so now u have 2 insurance payments on 100k in WATCHES which was what his whole segment was about. Buying all these fancy things sounds good in the beginning but if u don't think about all the added costs that go with them you're gonna be in trouble b4 ya know it. Comprehension

@gzfashions 3 года назад

@@joshlewis575 comprehension? How about grammar? Did I do well in that area Professor Lewis? 😏 In my opinion if you become financially abundant and your main focus is in Philanthropy or adding value back to the world then I don’t see anything wrong with having nice material things. That’s the issue though , it’s rare and too many people that think they’re rich have their focus on the wrong thing instead of being a service to the community or country that they reside in.