Shraman Mitra
Netflix’s ‘How To Get Rich’ follows bestselling author Ramit Sethi as he goes around the United States, giving financial advice to people from all walks of life struggling to spend their money effectively. He goes through each person’s debts, expenditures, and checking account balances before advising them on best spending their wealth. Moreover, Ramit believes that each person should design their own rich life in which they spend on the things they love while cutting down on unnecessary expenses. While he has an incredible reputation in the financial sector, fans are naturally curious about his own net worth. Well, Let’s find out, shall we?
How Did Ramit Sethi Earn His Money?
Readers will be intrigued to know that Ramit Sethi does not come from a highly wealthy background. Instead, he belongs to a close-knit middle-class family, which helped him understand the value of hard-earned money from a young age. Incidentally, he was passionate about technology and psychology while in school and determined to pursue the same subjects in college. However, universities like Stanford demanded hefty fees, which were almost impossible for him to pay.
That was when Ramit began his extensive research and devised a system that allowed him to quickly apply to over 60 scholarships. As a result, he could obtain enough money that helped get him through his undergrad and grad programs at Stanford University. However, Ramit still had plenty to learn about proper financial management, and he even lost a significant part of his first scholarship check by investing it in the stock market. Yet, this failure pushed him to learn more, and he soon realized that managing finances isn’t as confusing as most people make it out to be.
Although Ramit interned with Seth Godin Enterprises while at university, he joined AuctionDrop as a Viral Marketing Architect after graduating in 2004. Later, he became a Consultant with Storm Ventures in July 2005 before taking on the same position at Omidyar Network. In the meantime, Ramit also worked as a Director of Special Projects at the Stanford Persuasive Technology Lab from 2001 to 2006. Additionally, in July 2005, Ramit co-founded PBwiki and even functioned as the organization’s VP of Marketing till January 2009.
While Ramit has had an impressive professional career to date, he earns most of his money from his website and works as a bestselling author. The financial advisor started his own website, I Will Teach You How to Get Rich while studying at Stanford. Although the site was initially targeted toward students trying to manage their finances better, it began gaining traction gradually and gets over 1,000,000 readers in a single month as of the present. Apart from the blog, one can join various programs on the site geared to help readers restructure their finances.
On the other hand, even though Ramit co-authored the book ‘Recruit or Die,’ in 2007, he gained international fame when he became the New York Times Bestselling Author for his 2009 book ‘I Will Teach You to Be Rich.’ He also authored ‘Your Move: The Underdog’s Guide to Building Your Business,’ published in 2017, and ‘I Will Teach You to Be Rich: The Journal,’ published in 2022. Besides, readers would be surprised to know that Ramit’s popularity and experience in finance helped him get featured in several publications, including, The New York Times and Wall Street Journal.
Ramit Sethi’s Net Worth
A regular financial advisor based out of New York City can expect to earn about $100,000 annually. However, considering Ramit’s celebrity status, it is possible that he charges a premium for his services and earns quite a lot more. On the other hand, bestselling authors are generally paid a 10% royalty from each sale. Thus, seeing as how Ramit sells several million copies of his books every year, we can safely assume that he earns around $1 million annually through his profession and book sales. In addition to that, Ramit’s website also contributes handsomely to his annual income, as he gets an average of 1 million hits every month. Thus taking into account Ramit’s avenues of income coupled with his assets, we believe he has a current net worth of around $25 million. Still, his reputation as a financial advisor and his emerging career as a reality star will increase that figure shortly.
Read More: Is How To Get Rich Scripted or Real?
