When is someone considered a "mogul?"

Question

How many properties or doors must one own before they are considered a mogul?

What is the net worth of a mogul?

If you are a mogul, please educate us!

Dan H. · Answer

I suspect the higher your net worth, the higher the threshold to be a mogul.  I question if Elon Musk considers himself a mogul.

Number of doors means little.  LP, GP, Cleveland vs San Fran, SFH vs apartments, high LTV vs low LTV, etc.  10 SFH in San Fran can result in greater wealth than LP in 1000 doors.

Karl B. · Answer

When people ski over them? :-)

Chris Seveney · Answer

@Nathan Gesner

Haha we were just having this conversation because we were at an event and 3 different people were like “I own $100M in real estate and 1,000 doors.

We were like really wow, you own them all yourself. You then get the, well I am a co-GP. Oh and how much do you have in these deals…. $25,000…. So then I am like , so you own .00001% or like the hinges on one door.

Owning and managing are very different….

But any guru or mogul will disagree

Jay Hinrichs · Answer

to me a mogul owns something like this

Shinkai Motor yacht.   to me that is mogul status.

along with a G 650 or Global Explorer

about 3 or 4 homes in the most expensive areas of the US or around the world.

in the real estate space i suspect its a short list of RE hedgefunds and Massive sized syndicators with multi thousands of doors or millions of square feet of commercial/industrial real estate.

in the Industrial space Majestic comes to mind if you look deep into those guys and I think U know about them.  privately held largest in the space in the US>

Nathan Gesner · Answer

It's been a while since I've heard a "Napster" reference!

Sam Yin · Answer

@Nathan Gesner

Im just checking back on this post... It's been almost 2 months. I'm still not a Mogul. But that's because it's only been about 2 months.

How have you guys been? Growth in that last few months? Hope so.

I know a few of you are already quiet Moguls...

I'll check back later.

Nicholas L. · Answer

What if you're both a mogul and a guru?  A moguru?  Or a mogul and an influencer?

Sam Yin · Answer

@Nathan Gesner

I fantasize that one day I might become a Mogul... But it all depends on the definition one uses. To me, a Mogul probably won't own any property, but rather owns or controls the people that own those properties. I think a Mogul is a person with enough influence to get what they want, just about whenever they want. REI investors have a hard time being Mogul because they are still in the grind of REI.

For example, the personalities on the BP podcasts are millionaires, are they not? But are they Moguls? Can they just stop working and still have what they want? Or would their business dealings deteriorate at a pace that would cause financial ruin within a year or two of doing nothing?

On the other hand, if Jeff Besos, MJ, the prince of Saudi, or town police chief stopped working, will they still have the ability to get what they want and influence desired outcomes? The answer is likely YES. That's because they got to that Mogul status.

I guess my perspective of what a Mogul may be extreme. I feel a Mogul is a person that has the influence to get what they want. I remember in the 90s, Moguls were guys like Dre, Snoop, Godi, Bob Barker, and the drummer from Metallica, Lars, who took down Nabster. They may not be super rich, but they get what they want and are catered to.

But I digress.  In terms of REI, I would consider an investor who personally/passively nets over $200K/month to be a Mogul. This is regardless of door count or partnership. That kind of money begins to open doors and you start to be able to get what you want, when you want. This may likely mean there are a lot of RE investors on this forum that may fit the bill. I don't believe it is hard to achieve for people who have actively invested for a few decades.

I dream of being a Mogul. It is a long way from happening. But it's a goal I'm pursuing. I'll look back on this post from time to time to remind myself to keep pursuing it.

Dan H. · Answer

>I would consider an investor who personally/passively nets over $200K/month to be a Mogul.

I am almost to half that rent, but my cash flow is $hit (my household income last year was poor and we gave away almost 50% of our taxable income).   So in one respect the rent means little in terms of income/cash flow.  In the other respect, if you have $200k/month rent, your RE has significant value and you probably have everything you need regardless of income.

You could be a great pitcher/hitter making $70m/year (or almost $6m/month, almost $200k/day) for playing a game.  I recognized he deferred virtually all the money, but he will still get it eventually.  More crazy is there are a couple soccer players who made substantially more per year (but lower overall contract value).

We could do similar about some CEOs.  Musk, Bezos, Gates, etc.

I wonder how many consider themselves to be a mogul.

When is someone considered a "mogul?"

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