Every few days I get the same email from people.
They ask how do they know whether or not I’m “for real”. Whether I really own everything I say I do, and whether I’m really worth 8-figures.
Next, they want to know EXACTLY what I own. Down to the last detail.
I’m sorry, but that is nothing less than dangerous for me to disclose.
People sue these days for anything. They’ll spray water on the floor, fall in it, then sue the business owner, just to make a quick buck. They’ll accuse people (like me) of harassment, even when I’ve never met the person in my life or Ive quickly shaken their hand at a seminar. They’ll spill coffee on themselves, then sue the company (McDonald’s) for millions of dollars.
Look at ANY person worth over 1 million dollars and you’ll find that they go out of their way to AVOID disclosing both their net worth as well as their specific holdings.
Example: Donald Trump
You know he’s a billionaire, but do you know exactly which buildings he owns or how the deals were structured?
Unless you’re part of his team, my guess is no.
And there’s a very good reason for that.
The more you reveal about what you’ve won, the more susceptible you are to money-hungry low lives who want to sue you and steal the wealth you created. Or at minimum, launch a malicious online campaign against you out of nothing but pure jealousy.
So you want to know JT Foxx’s net worth?
I’m sorry, but I can’t tell you the exact number. Nor can I share the exact properties I own or how my various business deals and real estate deals are structured.
I WISH I could disclose this information because it would add mountains of credibility if I could safely prove what I claim.
Unfortunately we live in such a litigious society, it’s simply not worth it for me to do so.
If you don’t believe me, ask my attorneys who I pay over $500,000 per year JUST to keep me safe from greedy swindlers who want to do nothing but steal what I have earned for myself.
With that said, let’s get a little deeper into how I built my net worth.
Strategy #1: Real Estate
Whenever I buy real estate, I take special precautions to make sure it’s in a land trust or a company not known to the general public. Why? Early in my career I was sued for equitable mortgage. We would purchase the properties and lease it back to the owner, but in the few cases they couldn’t pay their rent. They would then sue me, claiming they didn’t know that they had sold their homes even though they had their own attorneys at the closing and would send us a rent check every month.
These types of people will do or say anything to attack you. In my case, lawyers would literally call my tenants and say “Hi, we can get the house back for you for free. All you need to do is sue JT Foxx”.
How do you say no to that?
Then we’d end up in court, and the judge would tell them they needed to find a means to pay. They couldn’t do anything.
In other words, since my properties were not in a separate trust they would “take me to the cleaners” and I would have went financially bankrupt.
THAT is why I have to be so “secretive”. It’s nothing more than protecting my assets I’ve worked so hard to attain.
A billionaire once gave me a piece of wisdom I’ll never forget. He said…
“Give them enough to give you credibility but never reveal the full picture. You’ll have nothing to gain and everything to lose”.
As YOU gain success, I suggest you follow that advice.
Strategy #2: Business
John D. Rockefeller was famous for creating vertical and horizontal businesses in congruence. I follow that same advice. You probably know my main businesses, such as Mega Partnering, the various workshops and events we hold, coaching, etc.
But there’s another side of my business, just as big, that I don’t tell the public about as it would bring a whole new set of problems into the picture. For example I own several companies in the same niche, competing with each other, so that I can build strategic alliances with competitors that wouldn’t otherwise form a partnership with me if they knew I owned certain other competing companies.
Another reason is what I called the “sticky” effect.
Many people, when suing, will try to sue you for ANYTHING, just to “see what sticks”.
If I were to announce everything I owned, people would try to come after everything and topple the deck of cards down in a single swoop. I don’t let this happen by keeping everything separate, and silent.
I’ve come to terms with the fact that I’m going to be in a lot of lawsuits throughout my life. Not because of things I’ve done wrong, but because people are lazy and want to steal the success of others because they aren’t able to gain it themselves.
And, unfortunately, our legal system applauds that type of behavior.
This makes my tax returns a nightmare. It takes HOURS just to sign all the hundreds of documents put together by my enormous legal and accounting team. I spend more per year on legal and accounting than most people make in 3-5 years.
The bottom line is this.
I want you to rest assure that EVERYTHING you see in my emails, blogs, coaching, promotions and anywhere else is 100% true. The only reason I can’t share specifics is for the reasons I shared above. The #1 being – it puts me at risk for losing millions of dollars, and my reputation (which is worth even more).
There are 3 main “JT Foxx’s”.
1) The public stage speaker and coach who is very entertaining, witty and charming.
2) The ruthless business person whose every move is strategic.
3) The private JT with serious trust issues (from all the reasons I listed above) who keeps a private profile.
So here is some advice I give you on how to protect your net worth and assets.
1) You can depose my accountants to see what my net-worth is but my accountant is also an attorney or if not, have your attorney retain your accountant therefore you will enjoy the benefits of attorney client privilege.
2) Never show your CEO or right hand person the entire picture or inner workings of your business. As you know with my case with Meir, they just might try to steal your entire business.
3) As you gain success, be careful. Spend the necessary money on lawyers and accountants to make sure your legal entities are setup properly to protect yourself from thieves and sue-happy low lifers.
I hope this has helped you and brought a little clarity to anybody wondering “what JT Foxx’s net worth is” or what specific assets I own.