Great Business Stories

This has been one of my favourite stories to research — because this story is just that good. It begins with a young engineer running a small construction company, he has an epiphany in the back of a New York taxi. From there, it unfolds through boardroom upheavals, aggressively structured deals, and a long-term vision that never wavered. What sets Arnault apart isn't just the finance or tacti...

Promoted at just 26 to head AOL’s messaging platform, then spearheaded Facebook's growth helping to grow it from 15 million users to 840 million, buying 10% of the Golden State Warriors for just $25 million, being the public face of SPACs- a move that tarnished his reputation, co-hosting the massively popular All-In podcast, and just in the last few weeks, making billions from a very early AI...

Here's a guy who won the equivalent of £350,000 on a horse race when he was just 16 years old, made international headlines at 21 for eloping with the daughter of one of the world's richest men, employed 400 people by the time he was 23, and went on to become one of the most ruthless and cunning corporate raiders in the US during the 80s, and then emerged in the 90s as one of the most prom...

I wanted to dig into Livermore’s story ever since i came across him in the episode we did on short sellers- and what a story this is- he became a full time trader the age of 16, he built his own system that earned him billions in today's money, but so many times he didn’t follow his own system and went broke and bankrupt many times. This is the guy who shorted the 1929 crash and made over $2 billi...

Hsieh sold his first company when he was just 26 years old for $265 million. He then built Zappos into an online retailing giant from zero revenue to $2 billion dollars and in doing so he really did revolutionise online business by offering the type of customer service that was unheard of back- free shipping both ways, 365 day returns. He wrote a book that that stayed at number 1 for 27 weeks, and...

This is the amazing story of Yoshiaki Tsutsumi (tsoo-TSOO-mee)- who for 4 years solid from 1987-1990 was ranked the richest person in the world, the most powerful and probably revered business person in Japan throughout the 70’s and 80’s. And yet for all his wealth and power, there is very little known about him- but what we do know his rise and very public fall- because there is a big fall, make...

I’m being a bit flippant here because this is a guy who worked hard for his money- he became a millionaire at 31 and then proceeded to build a company that had the most successful IPO opening day in history up to that point, and within 9 months of that IPO he sold the company for $5.7 billion becoming a billionaire- yet astonishingly at the time of the sale that company has revenues of just $40 mi...

2001 was Sam Waksal’s year. Seven years after discovering Erbitux — the so-called wonder drug — everything seemed to be falling into place. The drug had made it onto the cover of Business Week , Waksal’s company ImClone’s stock was at record highs, and he was living like a celebrity. There were photographs of him with Mick Jagger, Lorraine Bracco, Matthew Modine. He was best friends with Martha St...

It was the autumn of 1996. Jeff Bezos had just raised eight million dollars, putting Amazon’s valuation at around sixty million. Revenue that year was $15.7 million, small yes, but growing at a huge rate and it had caught the attention of two men who’d built an empire out of books the old-fashioned way — Leonard and Stephen Riggio, founders of Barnes & Noble. Their chain was the heavyweight of...

Throughout my 20’s Weill was a constant presence in the business magazines that I read because he was always doing deals, always adding a little bit more to his growing business and it all added up because by the turn of the century he had built the biggest bank in the world- a remarkable achievement- but he didn’t do it all on his own- he had his protege- Jamie Dimon, without doubt the most influ...

I’m sure I’ll come across other people I admire for their business acumen but after researching Dell for this episode, he’s at the top- one of these people who is just brilliant at business At 16, he made more money in one summer than his teachers made all year. At 18, he was building computers in a dorm room with sales reaching up to $80,000 some months By 27 he was the youngest CEO ever to lead...

Most of us know who Reid Hoffman is- I thought I knew a good bit about him before we did that episode on PayPal, but it was while researching that episode that I found out just how smart and how strategic he is. He was one of the first people in silicon valley to understand the potential of the internet to build social networks- he was one of the very first investors in Friendster and in Facebook...

He was once the second richest man on Earth — richer than Bezos, Arnault, Buffet. He left school at 15 and over the last 50 years he has built a huge empire spanning ports, power plants, airports, his success fuelled by risk, relentlessness, and a powerful friendship with India’s prime minister. I knew about Adani for a while but it only when I mentioned him briefly when I was talking about the Hi...

Black made billions with junk bonds, complex financial engineering, buying bankrupt companies and turning them around- he was aggressive, ruthless and very good at what he did. He was Michael Milken’s right hand man. After Milken went to jail, Black built Apollo - an asset manager overseeing $850 billion. He bought the painting The Scream for $120 million. And now he’s forced to explain why he pai...

I love business stories from any time- as long as it’s full of drama, success or failure, interesting characters, I don’t care if it a year old or 1000 years old, and the Tulip Bubble from the 1700’s has drama in spades- I’ve always wanted to dig into it because tulipmania is remembered as the first market bubble. I mean picture the scene, january of 1637, in taverns across Holland, fortunes were...

Khashoggi has been on my radar since I was a teenager-because he was always in the photos at the best parties- this 5 foot 4, bald Saudi businessman surrounded by the rich, the famous and of course beautiful women. Back then he was described as being one the richest men in the world —  he was certainly the biggest spender. He threw the biggest parties, owned 3 jets and built the world’s most expen...

I wanted to cover this story because I’m a huge Formula 1 fan—and if you follow F1, you can’t ignore Red Bull. And I knew the bones of the story, about how Mateschitz took a weird Thai tonic for truck drivers and turned it into a multi billion dollar global empire. But he did more than just launch a product- he created a whole new category—and then to promote it, he didn’t just attach red bull to...

it's the story of how two childhood friends bolted a motor to a bicycle — and more or less ignited a cultural revolution because over the next century, Harley-Davidson became a symbol of rebellion, of freedom and of America But behind  the myth, the company has had a turbulent time. There were strikes, near-bankruptcy, Japanese rivals, political trade wars, and even Warren Buffett riding to the re...

I’ve wanted to cover Wynn for ages because this is the guy who built modern day Vegas- make no mistake about it-He took Vegas from its mob and gambling roots into a resort destination focused on luxuries, high-end amenities and family-friendly spectacles. The Vegas we see today was built and shaped by Wynn- his vision, his ambition, his attention to detail. And then after 50- years being at the ve...

He was once a star trader with Julian Robertson's Tiger Capital, he then left and set up his own Asian hedge fund only to fall into trouble, charged with insider trading, come out of that scandal, build a personal fortune estimated at $20 billion, became known within Wall Street as the greatest investor you’ve never heard of.” and then loses it all, within a matter of days- who was Bill Hwang, whe...

When he was just 24 years old Andreesen launched Netscape, the browser and company that kicked off what became the dot com boom, became a multi millionaire and took on Bill Gates and Microsoft - and he lost. Then he started a new company, right as the bubble burst, and pivoted and persevered until he sold it and made another fortune. And then he started a16z, one of the most powerful venture capit...

To clarify the title- I don’t love the Webvan story because it failed- I don’t like to see any company fail, but because the story behind Webvan is the story of the internet boom, those 5 years from 1995-2000 when me and my friends were young, eager, hungry and the internet opened up so many opportunities for us. And the Webvan story, it’s ambition, it’s scale, it’s stated purpose to replace groce...

At age nine, Jensen Huang couldn’t speak English and was scrubbing toilets in a Kentucky reform school. By 35, he’d taken Nvidia public. And by 60, he’d built the most valuable company on Earth. How? By betting everything—twice—on markets that didn’t even exist yet. First gaming. Then AI. He convinced Sega to pay him not to deliver a chip. He built a million-selling chip in eight months, when the...

Have you even heard of Victor Posner? I hadn’t but if you’re a fan of this show, you’ll know that one of mine and Keith’s favorite books of all time is Barbarians at the Gate, a rip roaring story about a leveraged buy-out and attempted hostile take over of RJR Nabisko from the 1980’s. So I love the drama around hostile takeovers, and I wanted to find out- who first started hostile takeovers in the...

In 2012, Russian special forces arrived at Pavel Durov’s door—automatic rifles in hand. He didn’t answer and curiously, they left. They were there because Durov had built VK, Russia’s answer to Facebook, and was refusing Kremlin demands to take down certain pages. It made him a symbol of resistance. Or so the legend goes. The truth? It’s difficult to say with any certainty. He called himself a def...