Stansberry Research, Released on 3/2/21
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has begun investing in Bitcoin. The move is a complete 180-degree turn from the high-profile investor who previously called the cryptocurrency “garbage,” and a “nothing burger.” In an exclusive with our Daniela Cambone, he reveals the tipping point that caused him to change his stance. O’Leary says he allocated 3% of his portfolio to Bitcoin. The investor has a net worth of over $400 million as of today and runs the popular O’Shares ETF product among other businesses.
Kevin O’Leary is a Canadian businessman, investor, and television personality. From his basement, he launched SoftKey Software Products and In 1999 Kevin sold his company to the Mattel Toy Company for a staggering 3.7 billion dollars, one of the largest deals ever done in the consumer software industry. To keep his money working hard, he took control of his wealth from his lackluster money managers and founded his own mutual fund company, O’Leary Funds. He raised hundreds of millions of dollars from investors who share his “get paid while you wait” yield oriented, value investing philosophy. He is a venture capitalist on the Canadian television show Dragons’ Den as well as a shark on the United States’ version of Dragons’ Den, Shark Tank, which airs on ABC. Kevin has authored 2 books: Cold Hard Truth: On Business, Money & Life and The Cold Hard Truth On Men, Women, and Money: 50 Common Money Mistakes and How to Fix Them.