What Happens When You Sell a Business for $5 Billion
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- Опубликовано: 26 июл 2023
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Here's The Link to Full Video!
ruclips.net/video/XWwMr1jYIDE/видео.html
Hey Noah! I might be able to get you an interview with the former CEO of Planet Fitness who also sold and went Liquid for billions. I’m good friends with his, then, personal assistant.
Us Noahs need to stick together ❤
@noahkagan
Ee
Hi
@@TheRightCoinsi can confirm that is Noah’s need to stick together
And then he donated 50 or 100 million to charity and started building homes for orphans I believe. Very much a philanthropist
1/400 of one's fortune to charity. Philanthropist indeed.
@@AccountHolder007 how many millions have you donated?
@@AccountHolder007have you donated 1/400 of your money to charity? 🤐
@@AccountHolder007 well he spent 20 percent on taxes, which is a charity per se and then if he had spent 25 percent of the rest of his money on charity then that's like 40 percent of his hard earned money being spent on for the welfare of his people and the country. So please, calm down Mr. human rights keyboard warrior and try to earn your own Ms than using unnecessary sarcasms to belittle other people.
Yeah its called a tax shield
That man has paid more in taxes than everyone sitting in Congress and the Senate combined
In history😂😂
Yah it's crazy how people really think that millionaires and billionaires don't pay their fair taxes lol. Homie paid more in one sitting than people do in their whole lives
He also makes 100× more than them 😂😂
@@inflation1139 he boosts our economy more than any of us. Our taxes don't make a dent lol
@@JamesScrote he paid more taxes than my whole family tree will ever have to pay
This guy is the type of guy you want to meet randomly at a party or pub or something
I have..
He is the real deal.
Look up a guy names Lanny Pavo The Genius and Macho Man's brother...
THAT GUY HAS STORIES AND HE IS AN HONEST GOODFELLA JUST LIKE THIS MAN
Don't think he'd swim in the same circles
you think this guy hangs out in dirty ass bars or parties?
Lmao funny you said that, my dad ran into him a few months ago at a company startup brunch thing in Pismo. Said he was the chillest and smartest dude
Remember kids, business is usually only illegal when the government isn’t getting a cut
I can’t think of a single business that can legally operate without giving the crooks…
I mean government a cut of its income actually 🤔
@@rickdb8480dumb comment. Every company that’s not a non for profit pays taxes. So yeah every company has to pay taxes duh
@@rickdb8480yea those republicans stayyyyy fucking over everyone and taking money from the poor
But no tell me more about how “trickle down economics” works
Thanks regan!
Straight up extortion from the biggest gangsters of em all 🫠
@@rickdb8480thats why buisnesses do it in other ocuntries lol
The government literally wastes our hard earned money
Well no the politicians steal it
To give to the Ukraine.....ooops, mean zlinsky and wife.....
@@bigjimmy2997 bro, come on….
So true. I'd love for the government to spend less on the millitary and prison industrial complexes, then put less of our hard earned money into a police system that all of the residents hate.
Our ?? Bro you probably make like $15 an hour shut the f*** up
Rip Mac miller.. I hear that instrumental.. the divine fem ♥️♥️
Love….. love love love
I was JP's Poolman for 10 years in Malibu.Incredible guy .We had dinner with him at Nobu .He wanted to meet my mom and dad .The guy who bought my route he me and his partner fixed all of the gizmos in JP's house including underwater speakers , Monster solar panels ,water fill lines and grotto spa .He was such great customer,I buy all his products to this day .
Sure
@@theunluckycharm9637why would they lie
That's amazing..
@@PERKIODURKIO why do others lie is what you should be asking
@@theunluckycharm9637the one question everyone should ask is, why are you such a 🤡🤣🤣🤣
I payed $700 last year in taxes. I did my share
1700$ here
@shmokealot778 why that much? You report all your income?
That’s more than Trump
$700 total or after you filed your tax return?
😂😂😂
That's a lot of money to get for your company. You are very fortunate.
Much success and health to all.
You're speaking as if it just landed on his lap. Lmao
@@mosesacevedo I don't understand. I was congratulating the man.
love the Mac Miller instrumental
Love love love love love.
What is its name please
@@mekkiz_ the song is "congratulations" off the Devine feminine album hope this helps
Actually 5.4 billion. My wife's boss is the wife of his business partner ed brown. Super cool guy and I can tell you he was pretty ecstatic about the sale of patron to Bacardi lol
I could listen to this man talk all day. Such a great story and very humbling man.
Pail Mitchell hair products and Patron! This guy made a ton of cash!
Right, I couldn't think of his name! I remember his commercials years ago.
Its the music for me 🥺🥺
this guy is actually a very honest humble and kind soul he is down to earth may he live long
Both Jon Paul and Paul Mitchell literally changed the way hairstylists do hair right before Tony and Guy came along and made their mark. Sadly Tony and Guy were alll about the money and not stylists.
But not a one compares to the Zohan 🕺
@@queenmidas9762😂😂😂😂
Of course the government has their hands in everyone's pocket. Can't imagine how much money that is and how you possibly spend it all. Great story of growing up without a silver spoon and making it big.
Government creates the roads, postal service, currency, capital system etc for the business to exist. Of course they want their cut
@@kaixiang5390yeah but they get to take money from his idea? I get the whole we provide thing but who ever asked for the government to do that? They just told us oh yeah I want your money but to make it seem fair I’ll give some of it to the economy and the rest to myself
@@kaixiang5390 they also too busy sending money to ukraine and giving illegals more aid than actual citizens... but yeah, they want their cut for the people..
Lots of times the government promises to do things with your money (like roads) and don't fix or use the money for what it was intended and spends it inthings you didn't ask for or vote on.
@@MemeMan_MEMESQUAD Then move somewhere else.
So essentially the mafia took his money 😒
You’re a little too old to try and be edgy.
How dare you!! Dont you ever offend them that way again. The mafia helped the people out
Kinda. The mafia actually did SOME good things with the money they extorted against people's will.
@@CousinBowlingI highly doubt they did more good than what he did through donations.
dont say those things. they track your words
taco sweater 🌮 top tier my boy
Danny Trejo long lost half brother 😂
💀💀💀💀🤣🤣🤣👌🏽
I thought it was Chuck Norris' brother!
I always dug this dude plus his product was awesome too ❤it
"The sun don't shine when I'm alone"
I get u
Best album in my opinion
Man said Uncle Sam came knocking before I eve got the check.
I wonder if a politician would pay those taxes if they were in a similar situation…
You don’t have a choice.
I can think of one of the top of my head, real estate mogul/politician, that doesn't pay much at all.
I wrote a check for a billion dollars... #LifeGoals
His deal on Shark Tank was my absolute favorite.
Not a single chain in that building
White people have class
They love our policies, but hate our policies.
Another man making it hard for us native Texans
he's the kinda guy that can tell the police he pays their salary💀💀
Cap gains go to the federal government not the state.
Cops are paid by the state/county.
He can say he helped pay for the army tho.
His son was a client and of mine and was super nice as well. One of those bigger than life type of guys. Generous as well.
This guy is such a good guy helps alottttttt of people ❤
Anytime you hear someone say “Tax the rich” or “Rich people need to pay their fair share”… send them this video.
Hey falcons655, I hate to be the bringer of bad news but you’re not a billionaire or even a millionaire. You’re a working class peasant like the rest of us, no, you’re not “down in your luck” but “will be rich” I repeat you are NOT wealthy and WILL NOT be wealthy. That’s okay! Not everybody has to be wealthy, you need to learn to live with being okay with that.
@@zach3096He never once claimed in his comment to be or want to be wealthy bud
@@zach3096 Why do you sound so condescending and definitive? Your comment reeks of insecurity.. You have no idea who I am or know anything about me; I know nothing about you either. I would be careful making generalities and vague assumptions of people online you’ve never met.
Wishing you success, cheers.
He seemed damn happy to do it especially in a country with so much opportunity.
When ppl say that they aren’t talking about regular rich ppl their talking about the ppl in charge
The IRS must be abolished.
How would public roads and public projects get completed?
@@hadriangonzalez607how do you think ?
@@andresquispe1834 well if you abolish the governments branch of tax collection you would open up those markets to private companies... So toll roads, and private companies without government oversight would reign supreme.
@@hadriangonzalez607what’s wrong with paying a private or family owned construction company to build something? Or pave a highway/public road? Why does the government need to be involved. There’s nothing wrong with going straight to the source AKA a small time construction company/concrete company etc. for your work
@@DCT97 because you don't even have to go that far back to see the dangerous of a laissez faire approach to business. Not to mention that what's stopping this small family from creating a vast network of tolls.. Government needs funding, but it needs proper oversight as well.. No one solution is the best, i just find some comments here alarming. They really show how little they understand their government and the history behind the political reform that helped curb illegal business dealings.
That’s awesome! I’m happy for him. That’s the ultimate cash out!
Love Patron, had no idea, came across the video randomly.
You can donate anything you want to charity but it still doesn't make it right when it's stolen money
Owing the government $1 billion on its surface seems like a terrible thing.
In reality, that’s the kind of first world problem I need
Found the only billionaire that pays taxes
That's nonsense
Such a good episode
Still got like $4 Billy out the deal.
I think I’d be glad to have 4 million dollars.
And that my friends is why ear and vision doctors exists.
I'd be happy to have 4 dollars tf. I'm broke as hell and just got paid last week
Four shoot just give me half a million yyt5555rsd55t55555t
ThE RiCH dOn't pAy TheiR FaiR shARe.
They should have taxed him 4 billion at least
@@cooladam9930 Do you think him putting money into charities is more or less efficient than government spending the money?
Yeah rich asholes like Elon
@MAC... don't assume all charities are efficient with their money and that all govt spending is not efficient
@@cooladam9930 why?
So we should be good now. Enough funds everywhere and for everything! 🎉🎆🎇✨
It’s worth every bit of that. I only drink Patron if I drink tequila. The gold is so smooth that I only have salt with it. Don’t need no lime
Just a reminder to everyone, there's nothing wrong with paying taxes to your government, it's called being a responsible citizen.
As if we have a choice, lol.
Governments gotta get their money from your hard work. We need a reset
Capital gains tax maxes out at 20%. You and I both probably pay more than that on our income. And I make like 25k/yr lol
Good to pay your dues and probably(I hope) the money will help anyone in need
i find it pretty cool how every mention ive heard of him is positive
I love when billionaires don’t cry about taxes. Refreshing and Congrats!
Funny that you're the first person I read to flat out tell the man "Congratulations"
The song in the background is called....
Congratulations by Mac Miller. RIP its one of my favorites.
He paid less than 20% on taxes
Yeah that's "less than" 20% way too fucking much.
Your math is wrong, try again. He didn’t get all that $5 billion, he only owned 70% of the company as he mentioned
no he didn't, you clearly don't understand how capital gains works or is calculated.
Then, purchased several acres of land in Oakbrook, IL
Keep in mind, that's only 20% in tax. I have a higher percentage taken out of my weekly pay.
Yet you used more of the social services that taxes pay for then he ever did.
"tAx tHe riCh!"
iD!0t
Why not
I found it amazing how these guys still go on doing other ventures. After earning even a billion dollars, you’re set your entire life and will never be able to spend it no matter how hard you try.
This is the founder of Paul Mitchell too! The hair stuff schools and salons, legend.
Congratulations my friend live your life....
Bruh should of moved to PR and get a 0% tax bill
PR ?
Puerto Rico.
....and get murdered
The company would have needed to be based in Puerto Rico, it’s not that simple 😂
@@fxbrianh create a parent company or a trust that’s linked to the current LLC.
The government like betttt we paid lol
You create something, sell it, and the government gets about half the sale …. After probably paying taxes every year having the company and we’re still trillions in debt smh
He should have given a total of a billion dollars to many non profit organizations and write off that tax bill.
This guy always seems like a super nice guy and so humble. I thought years ago at first oh he’s probably a rich snob. No he’s a good man and nice fella. Just nice to see
Dtown tx approves this mssg
crazy how at that level of $$ giving a B away is almost like giving up literally nothing. 4B still more than anyone can use in this life 😭
He has a Cool Yacht that he bought for nothing then made it 100% better that new! Classics have more class!
It’s amazing how you have to write a check to a private bank hey lol
And we still can't fix our roads while paying taxes on everything...
Everyone is talking about the government wasting our money, but nobody's talking about a 900 billion dollar military budget? Fifty percent of every tax dollar goes to our bloated military. If you want less taxes then start advocating for a smaller military.
JPD is a good guy. He funds lots a good causes to improve our world!
The background music is making me believe this guy is the most wholesome man to ever live 😂
I remember watching Raw when he debuted against Umaga and won the IC title. Total surprise.
Haha “Mexican tequila” my ass 😂
He always impressed me as a genuinely good person.
How can you be that clueless with taxes. The best is his look, after he said it, haha 😂😂
Great human being. ✌️ ❤happiness
You can see Kevin Oleary looking goofy af at the end
Is this why they stooped making cafe patron XO? cuz honestly that broke a million hearts that move 😢
Thats Paul Mitchell
He also owns the Paul Mitchell hair products and several other major companies
Excellent !❤❤❤
What a great problem to have! 😂
If my wife called the police saying that i take 10-30% of her check or ill lock her in a room that would make national headlines
Plantation Mix...enjoy Blackie Buck
My man bought half a B-2
I Love PATRON.
It’s sad how they tax you for being great and you have no say in what your taxes are allocated to. You get taxed to work taxed to buy and taxed to own…wtf 🤦🏽♂️
Man I hope they don’t change patron that’s my favorite tequila
Wow. Respect 💙
Government taxes is a joke. That 1B was a drop in the bucket just for our Defense Spending its atrocious.
Burning agave farms to produce corn for ethanol is one of the biggest power moves of all time
Awapuhi shampoo build up on his scalp gave him great business ideas
The tax number is big but the tax percentage rate is low compared to essential workers.
It's incredible how much profit there is in vice.
I'm just curious if he wrote that check to the Treasury or the Internal Revenue Service in Ogden 🤔
I do have some money. But having billions is just another level. I would have no idea what to do with that amount of money.
That’s a tax problem I wish I had🤷🏿♂️
And the government probably wasted that money. Lower taxes would help everyone and the government should be accountable for what they spend down to the cent.
The fact that this guy even exists is disgusting to me. There is no conceivable way that anyone should be worth that much money no matter what. It's impossible that he hasn't exploited the agave farmers. If he gave them there fair share he might be worth a couple million.
@@owenboyle7220 you don’t think anyone should be worth billions? Why?
I remember getting a $250k payment and the government too nearly $50k smh
I get taxes but they should be able to take thst much just because
supreme court has ruled 2 times income tax is illegal
He is intelligent. The first thing he did was contact his financial advisor to avoid paying the taxes.