Podcast Episode

The surprising product that built Italy's richest family

Who’s talking

3 speakers
Shaan Puri28 min · 60%
Sam Parr19 min · 39%
Speaker 319 sec · 1%

Transcript

262 turns · 48 min
SP
Sam Parr0:00

Well, I gotta bleep this out, but [beep] and he's extremely multi-billionaire.

SP
Shaan Puri0:05

[laughs] Extremely multi-billionaire.

SP
Sam Parr0:07

E- extremely.

Speaker 30:08

I feel like I could rule the world. I know I could be what I want to. Uh. I put my all in it like no days off. On the road less traveled never looking back.

SP
Shaan Puri0:17

Sam, I have here in front of me a letter that I need to read for you. So I, uh, I open the mail, and I see a invitation like this to a graduation. And I think, "That's not my cousin. That's not my nephew. Who is this?" "Dear Sean, my name is Quentin Wood. I've been listening to MFM for, uh, since 2021. Over the last five years, you and Sam's podcast has made a huge impact on my life, shaping how I see the world, investing in stocks, my goals, my life. Your podcast brought me a lot of joy and helped me through long runs and study sessions. Uh, you and Sam have directed my life for the better, so thank you. I'm a high school senior this year, and because of the profound impact you've made in my life, I want to invite you to my graduation and graduation party."

SP
Sam Parr0:59

[laughs]

SP
Shaan Puri1:00

He lives in, he lives in Colorado. "Thank you for, thank you for taking the time to read this and everything you do. Keep making more episodes. Sincerely, Quentin Wood, high school senior."

SP
Sam Parr1:09

Baller.

SP
Shaan Puri1:09

Isn't this amazing?

SP
Sam Parr1:11

Baller. [laughs] Congrats, Quentin.

SP
Shaan Puri1:17

Take a bow, Quentin. [clapping]

SP
Sam Parr1:23

[laughs]

SP
Shaan Puri1:23

How good is that, man? L- I love this kid.

SP
Sam Parr1:26

If you're under the age of 24, you should do some of these things that might sound insulting, like if we said, "That's endearing," or I would never say, "That's cute," but, like, you feel, like, that emotion. You should 100% embrace doing those things-

SP
Shaan Puri1:41

Right

SP
Sam Parr1:41

... because you can only get away with this at a very s- for the very small time, and it's totally appropriate and totally awesome.

SP
Shaan Puri1:47

It's like pooping your pants.

SP
Sam Parr1:49

[laughs]

SP
Shaan Puri1:49

You can only do it for so long. [laughs]

SP
Sam Parr1:51

Well, and then when you can do it, like, later in life. But, like-

SP
Shaan Puri1:53

[laughs]

SP
Sam Parr1:54

... you, like, this type of stuff, uh, 100% is awesome.

SP
Shaan Puri1:57

And by the way, it, it, a lot, okay, a bunch of people have written letters, but just inviting to the high school graduation was so endearing, I just thought [laughs] I was like, "Oh, that's so, like, so wonderful." And Diego was like, "So we're gonna go?" I was like-

SP
Sam Parr2:08

[laughs]

SP
Shaan Puri2:08

... "Well, n- no. Hell no. We're definitely not going," but I, but I, m- I will play him the song and, and give him the clap. This is great. Okay, I wanna tell you about this, this business story that, that, uh, this, to me, this is, this is a Billy of the week. So this is a, a, a billionaire family that I, I found really fascinating, and I've been into these, like, family dynasties. Last, last week, I think we were talking about Cargill, and this one is-

SP
Sam Parr2:31

Wait, can I... I wanna try and guess these.

SP
Shaan Puri2:33

Yeah.

SP
Sam Parr2:33

I like trying to guess.

SP
Shaan Puri2:34

Let me give you a couple of clues so you know which direction you're going. The richest man in Italy.

SP
Sam Parr2:41

Sunglasses or chocolate?

SP
Shaan Puri2:43

[laughs] Chocolate.

SP
Sam Parr2:45

Okay. [laughs]

SP
Shaan Puri2:46

Do you know who it is?

SP
Sam Parr2:47

Yeah. Uh, I, d- Ro- Ro- Roche, Roche. Is it called Roche something? Uh, Ferr- Ferrero Rocher.

SP
Shaan Puri2:54

Ferrara.

SP
Sam Parr2:54

Yeah. [laughs]

SP
Shaan Puri2:55

So, uh, okay. Well, you got that pretty quick. [laughs]

SP
Sam Parr2:59

[laughs]

SP
Shaan Puri3:00

It's a lot less fun when you just know the answer,

Episode notes

Unsexy Business Ideas Database: https://clickhubspot.com/yjsa

Episode 847: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about dynastic wealth creation. 

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Show Notes:

(0:00) Shaan gets invited to graduation

(2:19) The richest man in Italy

(16:09) The golden window

(26:51) meeting an xtreme multi-billionaire

(36:04) An update about Ben WIlson

(42:52) achieving greatness vs being great

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Check Out Sam's Stuff:

• Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm

—

Check Out Shaan's Stuff:

• Shaan's weekly email - https://www.shaanpuri.com 

• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.

• Mercury - Shaan uses Mercury across all of his companies. you can too: http://mercury.com/ 

*Mercury is a fintech company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., Members

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