11/5/2023 0 Comments Kevin o leary venture debtO’Leary’s success story began like many: “with a big idea and zero cash.” Unlike most, he eventually built a fortune launching a succession of groundbreaking companies that were acquired for billions. He also lectures future entrepreneurs at MIT, Notre Dame, Waterloo and McGill, belongs to the prestigious Hamilton Trust in Boston and is an avid chef, wine lover, world traveler, electric guitarist (and guitar collector) and die-hard New England Patriots fan. In addition to Shark Tank, O’Leary appears as a contributor on CNBC’s Squawk Box, ABC, CNBC and CTV and is the bestselling author of three books: Cold Hard Truth, Men, Women and Money and Family, Kids and Money. As the Chairman of O’Leary Financial Group, he leads a group of 44 companies that includes O’Shares, O’ Leary Publishing, award-winning O’Leary Wines (serving as Chief Sommelier) and a continually growing roster of companies. Designed for long-term investors, O’Shares was lauded by Forbes for enjoying “a gush of investor inflows and eye-popping returns” and “a formula for beating the stock market." In its first year, O’Shares outperformed every benchmark through a conservative strategy focused on income, wealth preservation, and capital appreciation. I can assure you that is not the case.In sharp contrast to his Shark Tank reputation for investing in risky start-ups, O’Leary’s current acclaim on Wall Street comes from his street-beating success as Chairman of conservative O’Shares ETF Investments managing over a half a billion in assets. "That suggested that I perjured myself in front of the U.S. "Yesterday on the air CZ called me a liar," O'Leary said. O'Leary has publicly accused Binance of deliberately triggering FTX's collapse. On Thursday Binance ( BNB-USD) co-founder and CEO Changpeng Zhao defended the financial soundness of his company as the cryptocurrency exchange has come under scrutiny following the bankruptcy of FTX ( FTT-USD), its one-time biggest rival.ĬZ also directly took on some of his critics, especially O'Leary in the interview. "Obviously he's uninvestable now," O'Leary said on Friday. The CNBC anchors on Friday asked O'Leary how he felt about Bankman-Fried now after O'Leary had defended him in an earlier interview. O'Leary, who testified before a Senate hearing on Tuesday, last month said his investment in FTX was a "bad investment" as his venture capital firm's account balances on the platform dropped to zero. "I took some of the proceeds that I was paid and reinvested it into the company," O'Leary said. "I'm not going to endorse this company unless I'm a shareholder." "I insisted on becoming an investor" in FTX, O'Leary explained. They decide what they are going to pay me." And on top of that I don't set my price, the market does. ![]() "I totally disclosed every cent when I went in front of the Senate. "I'm not dodging, you are not going to get me there," O'Leary said. "Money is fungible," O'Leary said in response to a question from the CNBC host. ![]() The CNBC anchors repeatedly asked O'Leary, a frequent commentator himself on the business network, why he considered himself a venture investor in FTX even as he was paid $15 million to sponsor the Sam Bankman-Fried-led crypto exchange. Shark Tank star Kevin O'Leary sparred with CNBC anchors over the $15 million he was given as a paid sponsor of now bankrupt crypto exchange FTX.
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