The billionaire who spent $2 billion to take revenge on Land Rover
My First Million episode 823, in which hosts Sam Parr and Shaan Puri skip a planned guest and riff live. Sam opens with a Billy of the week on Sir Jim Ratcliffe: a chemical engineer who left a private equity job, bought an 80 million pound BP chemical spin-off with 3 million in equity, built it into Ineos, and later started the Grenadier SUV because Land Rover would not remake the Defender, a venture Sam says has lost about 2 billion dollars since 2018. The hosts then discuss raising kids with an edge, how confidence comes from adventure and adversity, finding your natural inclination, and a commission-only TikTok selling model behind rapidly growing hoodie brands, including whether it is profitable. Sponsors named in the description: HubSpot, Hampton, Somewhere, Mercury and Beehiiv. PARTIAL COVERAGE: this note is based on the Ratcliffe story, the confidence and childhood sections and the TikTok selling sections, and may not cover every point in the roughly 49 minute video. Figures and claims are the speakers' own and not independently checked. Nothing here is financial, investment or legal advice.
Executive Summary (TL;DR)
My First Million episode 823, in which hosts Sam Parr and Shaan Puri skip a planned guest and riff live. Sam opens with a Billy of the week on Sir Jim Ratcliffe: a chemical engineer who left a private equity job, bought an 80 million pound BP chemical spin-off with 3 million in equity, built it into Ineos, and later started the Grenadier SUV because Land Rover would not remake the Defender, a venture Sam says has lost about 2 billion dollars since 2018. The hosts then discuss raising kids with an edge, how confidence comes from adventure and adversity, finding your natural inclination, and a commission-only TikTok selling model behind rapidly growing hoodie brands, including whether it is profitable. Sponsors named in the description: HubSpot, Hampton, Somewhere, Mercury and Beehiiv. PARTIAL COVERAGE: this note is based on the Ratcliffe story, the confidence and childhood sections and the TikTok selling sections, and may not cover every point in the roughly 49 minute video. Figures and claims are the speakers' own and not independently checked. Nothing here is financial, investment or legal advice.