Codie Sanchez Profile picture
Jan 17, 2022 8 tweets 3 min read Read on X
Want to be a billionaire? You don't have to invent the next Facebook or Bitcoin.

Here are 5 normal guys who all became billionaires through boring business M&A:
Arte Moreno - Worked in billboards at Ganett when he saw an upstart billboard company in AZ called Outdoor Systems. He bought it - then built it up and sold it for $8.7B

-Signs on highways (boring)
-Went on to own the Los Angeles Angels & be worth $3.4B (sexy)
Joseph Grendys - Worked in chicken processing, gross.

Bought out the company he worked at, and kept buying companies; now Koch Foods does $3 Billion a year.

-Poultry processor that slaughters, ships and sells chicken (boring & kinda yucky)
-Now he’s worth $2.3 Billion (sexy)
Sheldon Lavin - Worked in meat processing and then bought out the company he worked for. He kept on buying smaller co’s to hit $6B in annual revenue

-Processing cattle (boring & bloody?)
-Now he processes for Impossible Burgers too (sexy)
James Neal Blue - He and his brother did RE, sold land, built up flour & sugar companies, a pizza joint roll-up and then bought out defense companies..

-Land, pizza, flour & sugar (boring)
-Now manufacturers the predator drone & worth $3 billion (sexy)
Wayne Huizanga - Waste Mangement $57B market cap, through buying trash trucks first, then trash companies...

-Smelly trash (boring
-Went on to own the Miami Dolphins, FL Panthers & Marlins (sexy)
Here's what I learned from these 5:

- You don’t have to have money to do M&A.
- You don’t have to be self-employed to become a billionaire.
- Go work for companies where maybe you can buy it out or take over a part of it.
- Learn an industry, then buy within that industry.
Lesson: You want to become a billionaire?

First, do boring things, then you can do 10x the sexy things.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Codie Sanchez

Codie Sanchez Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @Codie_Sanchez

Jun 7
I spent 90 minutes with Harvard professor Arthur Brooks, and he made me rethink what I knew about happiness.

Here's everything you get wrong about being happy: Image
According to Arthur, the pursuit of perfect happiness is a dangerous myth.

As much as we hate them, we need negative emotions because they keep us safe and alive.

They're defense mechanisms that signal when something's wrong around us.
That said, happiness and unhappiness are NOT opposites.

Yes, they're governed by different hemispheres of your brain.

But getting rid of your triggers makes you less UNhappy, not MORE happy:
Read 12 tweets
Jun 5
I asked a former Green Beret how to raise a family in 2025.

7 lessons from Nick Freitas every father should hear about raising strong men: Image
Dads Should Be Dangerous

One of the core duties of dads is to protect.

That’s why Nick believes the world needs more fathers who are kind, but never weak.

If you can’t be violent in the service of your family, you aren’t peaceful.

You are harmless.
Women Have More Influence Over Men Than They Realize

A man will change his path, raise his standards, or chase greatness for his partner.

History is filled with men who literally went to war for their women.

And that’s a fraction of the power women have over their men:
Read 9 tweets
Jun 4
If you follow where rich people put their money, you’ll never go broke.

Here's the unsexy asset class private equity billionaires & millionaires are flocking to:
For decades, PE meant massive funds buying massive companies:

• KKR buys RJR Nabisco for $25B
• Blackstone acquires Hilton for $26B
• Apollo takes Harrah's private for $27.8B

The formula was simple: Big money buys big companies, adds big debt, cuts costs. Image
But now? These same Wall Street sharks are swimming downstream - raiding Main Street and buying...

• Your local car wash chain
• Boring IT providers with 20 employees
• That HVAC company with the annoying radio ads

And they're not being quiet about it…
Read 17 tweets
Jun 3
5 businesses I'm investing in that don't give a damn about interest rates, market crashes, or tariffs.

Here they are:
July 2024, I became a co-owner in Resibrands.

It’s one of the fastest-growing home services franchise businesses in the US right now and we’re not slowing down any time soon.

Here's exactly which industries we're building in and why…
#1. Painting

@realsjmonty is now the founder & CEO of ResiBrands.

But back in 2011… He started That 1 Painter with $12 a paint brush.

Now it's the largest painting company by territory in the US with 427 signed units across 34 states.

Such a f*cking awesome story.
Read 14 tweets
May 31
The cheat code to becoming a millionaire:

Sell things to rich people.

I met someone who made multiple millions from an $8,000 jet business. Here's how: Image
The wealthy operate differently.

You can get 1000x the reward with the same effort when selling to them.

That's why the richest salespeople in the world sell planes, yachts, and luxury cars.

But here's what most people don't realize about breaking into this world…
You don't need to be rich to sell to the rich.

Richard Branson started Virgin Atlantic in 1984 with no money and zero aviation experience.

He just leased a secondhand Boeing 747.

If you think this won't work in 2025, I met someone who copied the blueprint...
Read 15 tweets
May 28
Harsh truth:

Running a company is simply a game of prioritizing problems.

Here’s how to become the Chief Problem Solver in your business:
Want to know Elon Musk's "secret" to running Tesla, SpaceX, and 3+ other billion-dollar companies?

According to Marc Andreessen, it's simple:

"He shows up every week, identifies the biggest problem, fixes it, and does that 52 weeks in a row."
Most companies hide from problems:

• They reframe them as "challenges"
• They create layers of abstraction
• They delegate them into oblivion

But problems aren't biohazards—they're your biggest opportunities.

Bigger the problem? Bigger the potential. Image
Read 13 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(