Episode
#185 with Andrew Wilkinson - The Secretive Billionaire Who Acquired Burger King, Creating Better Babies & How Much Money is Enough?
1:11:11
Published: Tue May 25 2021
Description
Sam (@theSamParr) and Andrew (@awilkinson) break down billionaire Jorge Paulo Lemann. Lemann has built his fortune by acquiring consumer businesses and running them profitably by slashing costs. He famously sells all corporate jets when he acquires a company. The guys then get into a brainstorm on Andrew's new media company, how to create healthier babies, and "health managers". --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * (4:05) Billie of the Week: Jorge Paulo Lemann * (37:25) How Andrew is building a local media business empire * (45:50) How to create a better baby * (51:25) What is a "health manager"? * (59:02) How much money is enough?
Chapters
Andrew Wilkinson started his company Metalab which went on to make millions of dollars and he eventually bought dozens of more companies, collectively generating hundreds of millions of dollars a year in sales and over a billion dollars worth of value.
00:00 - 03:33 (03:33)
Summary
Andrew Wilkinson started his company Metalab which went on to make millions of dollars and he eventually bought dozens of more companies, collectively generating hundreds of millions of dollars a year in sales and over a billion dollars worth of value.
Episode#185 with Andrew Wilkinson - The Secretive Billionaire Who Acquired Burger King, Creating Better Babies & How Much Money is Enough?
PodcastMy First Million
The transcript talks about the successful career of a Brazilian tycoon who was one of the pioneer private equity investors in Brazil at the age of 32.
03:33 - 09:26 (05:52)
Summary
The transcript talks about the successful career of a Brazilian tycoon who was one of the pioneer private equity investors in Brazil at the age of 32. He started a new bank in 1931 and he remains a private figure avoiding any public attention.
Episode#185 with Andrew Wilkinson - The Secretive Billionaire Who Acquired Burger King, Creating Better Babies & How Much Money is Enough?
PodcastMy First Million
In this podcast, the speakers discuss their attraction towards simple businesses like selling beer or razors and how an older guy who had experience in the field brought along a new entrepreneur.
09:26 - 15:21 (05:54)
Summary
In this podcast, the speakers discuss their attraction towards simple businesses like selling beer or razors and how an older guy who had experience in the field brought along a new entrepreneur.
Episode#185 with Andrew Wilkinson - The Secretive Billionaire Who Acquired Burger King, Creating Better Babies & How Much Money is Enough?
PodcastMy First Million
Walmart's corporate jet fleet is frequently used to visit stores and check in on store managers.
15:21 - 18:24 (03:02)
Summary
Walmart's corporate jet fleet is frequently used to visit stores and check in on store managers. While the company may prioritize cost-cutting measures such as staying in affordable hotels, they still hire high-caliber individuals for executive positions.
Episode#185 with Andrew Wilkinson - The Secretive Billionaire Who Acquired Burger King, Creating Better Babies & How Much Money is Enough?
PodcastMy First Million
This podcast talks about three key factors that can help make a turnaround in business: cutting costs, hiring talented people and a focus on people.
18:24 - 23:58 (05:33)
Summary
This podcast talks about three key factors that can help make a turnaround in business: cutting costs, hiring talented people and a focus on people. It uses Burger King and Steve Easterbrook as examples to analyze these aspects.
Episode#185 with Andrew Wilkinson - The Secretive Billionaire Who Acquired Burger King, Creating Better Babies & How Much Money is Enough?
PodcastMy First Million
The host discusses their tendency to prioritize being liked over setting boundaries and how this has affected their past experiences with employees, and explores ways to find a balance between these two needs.
23:58 - 27:17 (03:19)
Summary
The host discusses their tendency to prioritize being liked over setting boundaries and how this has affected their past experiences with employees, and explores ways to find a balance between these two needs.
Episode#185 with Andrew Wilkinson - The Secretive Billionaire Who Acquired Burger King, Creating Better Babies & How Much Money is Enough?
PodcastMy First Million
The speaker discusses the idea of leading in order to attract deals and how it can feel manipulative.
27:17 - 31:18 (04:01)
Summary
The speaker discusses the idea of leading in order to attract deals and how it can feel manipulative. They mention studying war leaders and celebrities like Marilyn Monroe to understand the concept.
Episode#185 with Andrew Wilkinson - The Secretive Billionaire Who Acquired Burger King, Creating Better Babies & How Much Money is Enough?
PodcastMy First Million
The speaker reflects on the transition from being a simple and interesting person to becoming a mover and shaker on a global scale.
31:18 - 35:40 (04:21)
Summary
The speaker reflects on the transition from being a simple and interesting person to becoming a mover and shaker on a global scale. He discusses the challenges he faced when running a successful company, and the shift in perspective as he grew more successful.
Episode#185 with Andrew Wilkinson - The Secretive Billionaire Who Acquired Burger King, Creating Better Babies & How Much Money is Enough?
PodcastMy First Million
The co-founder of Overstory Media Group describes how the company got its name and discusses its vision.
35:40 - 41:44 (06:04)
Summary
The co-founder of Overstory Media Group describes how the company got its name and discusses its vision. The company aims to provide hyper-local coverage in areas underserved by traditional media outlets.
Episode#185 with Andrew Wilkinson - The Secretive Billionaire Who Acquired Burger King, Creating Better Babies & How Much Money is Enough?
PodcastMy First Million
The Hustle spent around $750,000 in advertising and experimenting costs.
41:44 - 45:43 (03:58)
Summary
The Hustle spent around $750,000 in advertising and experimenting costs. They are thinking of offering a yearly subscription between $100 to $200 for local discounts, member-only events, newsletters, and additional content.
Episode#185 with Andrew Wilkinson - The Secretive Billionaire Who Acquired Burger King, Creating Better Babies & How Much Money is Enough?
PodcastMy First Million
Joe Rogan talks with Dr. Rhonda Patrick about studies that show the benefits of supplementing with fish, DHA, B vitamins, and preventing anemia during pregnancy for the health of both mother and child.
45:43 - 50:59 (05:15)
Summary
Joe Rogan talks with Dr. Rhonda Patrick about studies that show the benefits of supplementing with fish, DHA, B vitamins, and preventing anemia during pregnancy for the health of both mother and child.
Episode#185 with Andrew Wilkinson - The Secretive Billionaire Who Acquired Burger King, Creating Better Babies & How Much Money is Enough?
PodcastMy First Million
The speaker talks about a billionaire lady who gifted him something when he was ill and compares the feeling of release he got from it to the experience of colorblind people wearing glasses to see colors.
50:59 - 55:15 (04:15)
Summary
The speaker talks about a billionaire lady who gifted him something when he was ill and compares the feeling of release he got from it to the experience of colorblind people wearing glasses to see colors.
Episode#185 with Andrew Wilkinson - The Secretive Billionaire Who Acquired Burger King, Creating Better Babies & How Much Money is Enough?
PodcastMy First Million
Despite having wealth and success, many people often find themselves obsessing over the possibility of things going wrong and losing everything.
55:15 - 1:03:34 (08:19)
Summary
Despite having wealth and success, many people often find themselves obsessing over the possibility of things going wrong and losing everything. This paradox creates a never-ending cycle of discomfort and anxiety for those who have reached financial comfort.
Episode#185 with Andrew Wilkinson - The Secretive Billionaire Who Acquired Burger King, Creating Better Babies & How Much Money is Enough?
PodcastMy First Million
The speaker muses about people who have found the perfect work-play balance and wonders if it's a bad thing that they can slow down, even if he envies them.
1:03:34 - 1:07:50 (04:15)
Summary
The speaker muses about people who have found the perfect work-play balance and wonders if it's a bad thing that they can slow down, even if he envies them. He also shares that his ideal day involves a mix of activities, including meeting people, problem-solving, spending time with loved ones, and exercise.
Episode#185 with Andrew Wilkinson - The Secretive Billionaire Who Acquired Burger King, Creating Better Babies & How Much Money is Enough?
PodcastMy First Million
Jaco and Bobby, hosts of a popular business podcast, discuss their unique podcast format, their growing popularity, and their aspirations to become a household name in the world of business podcasts.
1:07:50 - 1:10:16 (02:26)
Summary
Jaco and Bobby, hosts of a popular business podcast, discuss their unique podcast format, their growing popularity, and their aspirations to become a household name in the world of business podcasts.
Episode#185 with Andrew Wilkinson - The Secretive Billionaire Who Acquired Burger King, Creating Better Babies & How Much Money is Enough?
PodcastMy First Million
In this podcast episode, the hosts plan for future Ask Me Anything (AMA) sessions and discuss upcoming travel plans with sponsored events.
1:10:17 - 1:11:14 (00:57)
Summary
In this podcast episode, the hosts plan for future Ask Me Anything (AMA) sessions and discuss upcoming travel plans with sponsored events.