There’s no shortage of money makers who are able to gain wealth and prowess quickly by using the internet.
Gary Vaynerchuk, Known publicly as Gary Vee, is a Belorussian-American entrepreneur, businessman, internet personality, and author of one of the best business blogs on the internet.
Read on to learn more about Gary Vaynerchuk and how you can hustle your way into success by taking his experience into account and applying them to your own life.
- Who is Gary Vaynerchuk?
- What is Gary Vaynerchuk Known For?
- Gary Vaynerchuck’s Career Progression
- How Much Does Gary Vaynerchuk Make?
- How Much Is Gary Vaynerchuk’s Net Worth?
- How Did Gary Vaynerchuk Build His Net Worth?
- What are Lessons that You Can Learn From Gary Vaynerchuk
- Gary Vaynerchuk Quotes
- Frequently Asked Questions
- Wrapping Up
Who is Gary Vaynerchuk?
Vaynerchuk initially made a name for himself as a wine critic online and helped his family expand their liquor business.
Vaynerchuk is currently the chairman of The New York-based communications company, VaynerX, and CEO of its subsidiary, VaynerMedia.
Gary has also authored six books and is a five-time New York Times best-selling author.
What is Gary Vaynerchuk Known For?
Thanks to his diverse portfolio of entrepreneurial endeavors, Vaynerchuk has a variety of reputations on the Internet.
Initially, online, he was known as a wine connoisseur through his YouTube channel, Wine Library TV, which ran from 2006 to 2011.
He quickly learned how to win business online and later gained a reputation as an entrepreneur, angel investor, digital marketing and social media expert, NFT, and cryptocurrency advocate.
In 2015 he was named cranes New York business 40 under 40. Later in 2017, he was listed as one of Forbes’s top social influencers.
Gary Vaynerchuck’s Career Progression
Rome wasn’t built in a day, and Vaynerchuck’s career certainly wasn’t.
Vaynerchuk was born in present-day Belarus during the Soviet Union.
His family immigrated to the United States in 1978 and lived in Queens, New York City but later moved to Edison, New Jersey.
As a child, Vaynerchuk actively demonstrated his business acumen and entrepreneurial spirit.
At six, Vaynerchuk would sell flowers to his neighbors after sourcing them from their front yards.
While in school, Vaynerchuk employed his friends in a lemonade stand business with eight locations throughout the neighborhood.
At 13, Vaynerchuk began selling and trading baseball cards to his peers and allegedly made thousands.
Later at 14, Vaynerchuk was forced to leave his baseball card business behind to help his father with their family’s new liquor store.
He later recognized that he could use the Internet to sell more wine, which began WineLibrary.com.
Vaynerchuk was first introduced to the Internet as a wine connoisseur on his YouTube channel, Wine Library TV, which regularly broadcasted new content from 2006 to 2011.
Vaynerchuk later founded several companies, such as Resy, Empathy Wines, VaynerMedia, and Gallery Media Group, solidifying his reputation as an entrepreneur.
Vaynerchuk had always had an interest in start-ups and had invested in Snapchat, Tumblr, and Twitter early on.
However, his reputation as an angel investor solidified when he participated in the 2017 Apple TV reality show Planet of the Apps.
Along with his career development, Vaynerchuk has consistently had an online presence on YouTube with his YouTube channels wine library TV, wine & web, the #AskGaryVeeShow, and DailyVee.
He has also authored six books and has a five-time New York Times best seller.
How Much Does Gary Vaynerchuk Make?
Because Vaynerchuk has so many different income streams, it’s challenging to pinpoint exactly what he makes annually.
It’s speculated online that Vandercheck makes between 9 million and 20 million a year.
Vaynerchucks income streams include his salary as CEO of VaynerMedia, dividend pay from his family’s liquor business, royalties from his five New York Times best-selling books, and feed he collects from speaking engagements.
How Much Is Gary Vaynerchuk’s Net Worth?
In 2022, Vaynerchuk’s net worth is estimated at around $210 million.
His net worth consists of his businesses, like VaynerMedia and VaynerSports, and his investments in other companies, like Snapchat, Tumblr, and Twitter.
How Did Gary Vaynerchuk Build His Net Worth?
Gary has amassed his great fortune thanks to his ability to think outside the box and build or invest inside businesses.
Using Social Media to His Own Advantage
After graduating from college, Gary went to work full-time for his family’s liquor business.
Thanks to his keen eye for technology and business acumen, he transformed his family’s $3 million Small business into a $160 million giant.
Vaynerchuk is a pioneer and uses social media to drum up business.
Through his YouTube channel, he increased sales and built more brand partnerships with other wine companies.
After experiencing successful marketing via YouTube, Vaynerchuk recognized the potential to use this form of marketing for other businesses.
As a result, he launched VaynerMedia in 2009.
VaynerMedia also has a publishing branch called Gallery Media Group, which owns PureWow magazine and ONE37pm.
Both Gallery Media Group and VaynerMedia currently operate under the holding company, VaynerX.
Founded Empathy Wines
Wine connoisseur that he is, in 2019, Vaynerchuk founded Empathy Wines, a company focused on producing high-quality wines at an affordable price.
Empathy Wines sources the highest quality ingredients but keeps costs low by cutting out intermediaries, like wine shops, and sells directly to the consumer.
Invested in Emerging Technologies
Throughout his life, Vaynerchuk has always seemed to recognize the importance and potential of emerging technologies.
Vaynerchuk has an estimated 71 investments and was an early investor in Twitter, Tumblr, and Snapchat.
He also states that Facebook was one of his most successful investments.
Later in 2017, Vaynerchuk was featured alongside Jessica Alba, will.i.am, and Gwyneth Paltrow as an advisor on the Apple TV reality show, Planet of the Apps.
Similar to Sharp Tank and Dragon’s Den, Planet of the Apps add op developers deliver elevator pitches in front of a panel of advisors hoping to receive funding for their venture.
Lately, Vaynerchuk has been one of the biggest names in cryptocurrency and NFTs.
Vaynerchuk claims that he sees high potential in cryptocurrency, specifically with the currency Ethereum, which allows for contracts and applications to be stored on the Blockchain along with money.
What are Lessons that You Can Learn From Gary Vaynerchuk
Despite being only 46, Gary Vaynerchuk is extremely wise and has lived a full life.
Let’s take a look at some of the wisdom we can learn from GaryVee.
The Importance Of Taking A Step Back
Vaynerchuk is an advocate for taking a step back if it means you’ll go further in the future.
He actively encourages people to play the long game regarding business and career rather than work for short-term benefits.
He encourages younger adults to quit their day job and move back in with their parents to devote more time to their side hustle and turn it into a full-time business.
Stop Talking, Start Doing
Vaynerchuk says that the biggest epidemic in the world is people talking and not doing and that social media exacerbates the problem.
However, Vaynerchuk also says that social media is not innately the problem.
Rather the problem of only talking about your dreams or aspirations without taking action toward them comes from within.
He says that deleting Twitter or Instagram will not solve this problem because most people will watch TV instead.
Gary Vaynerchuk Quotes
- “You have to understand your own personal DNA. Don’t do things because I do them, or Steve Jobs or Mark Cuban tried it. You need to know your personal brand and stay true to it.”
- “Smart work will never replace hard work; it only supplements it.”
- “If your work is great, that becomes your reputation, and that becomes the gateway drug to bring business into your sales funnel.”
Frequently Asked Questions
Read on to learn about the most frequently asked questions about Gary Vaynerchuck.
Why does Gary Vee hold up a 5?
In most pictures, you often see Vaynerchuk holding up his hand with his five fingers spread apart.
This is a sentimental action for Vaynerchuk.
When Gary was 5 years old, he wanted a Jets jersey but couldn’t afford one.
Instead, his mother made him one with the number five on it.
As an adult, he wanted to commemorate that memory, so he made it his signature pose for pictures.
What does Gary Vaynerchuk invest in?
As a rule, Gary only invests in things that he has done extensive research on and thinks that he has a large interest in.
He never invests on assumption, and always conducts large amounts of research before he puts his money into anything.
For Gary, it appears his interest works primarily in wine and emerging technologies, and his investment portfolio reflects that.
The most important lesson you can learn from Gary Vee is that growing wealth looks different from person to person.
As long as you focus on ventures that you are truly passionate about and can recognize an opportunity when it’s presented to you, you can also grow your net worth.