MJ DeMarco is an entrepreneur and popular author who came to prominence through his first book The Millionaire Fastlane in which he outlines major principles he thinks lead to relatively fast wealth instead of working as an employee, saving, and playing it safe. He made his initial capital by selling his online company to a private equity firm. MJ DeMarco’s net worth is estimated to be $10.5 million in 2020. Check out also the wealth of Michael Wainstein, Jason Maltas, and Henrik Persson Ekdahl.
MJ was born in Chicago, Illinois. While his exact date of birth is not publicly known, based on the fact that he claims to reach the multimillionaire status by the age of 33 (which should equal the year he sold Limos.com – 2007), he was most likely born in 1974 and therefore his current age is 45 or 46 years. He studied at the Northern Illinois University but refused to jump into a corporate career after college.
Instead of it, he was looking for a way to get really rich. In his first book, he revealed how frustrating it was and how he remained unsuccessful for many years while his ex-classmates were advancing their corporate careers. His fortune changed when he founded Limos.com. DeMarco did pretty much everything including coding himself and build a very successful online business from scratch. This was on the height of dot-com bubble and he sold his internet transportation marketplace for $1.2 million. New owners led to company’s downfall, so he repurchased the site from them for $250,000 and after propelling it into even a bigger success sold it for the second time. This time in an amazing multi-million deal.
Dating and family
DeMarco was enjoying single lifestyle for quite a long time. But he eventually started dating someone. He once revealed that he is married now and his wife works as a nurse. Besides that, he keeps his personal life pretty secret.
MJ DeMarco net worth increases over the last years
- 2017: $8.8 million
- 2018: $9 million
- 2019: $10 million
- 2020: $10.5 million
Sources of income, salary
As previously described, DeMarco’s wealth started from the lucrative sale of his own online business. But he did not stop there and continued to work on his net worth. He became a motivational author who inspired many people to start their own business through his first book The Millionaire Fastlane. In 2017, he relased a second book titled Unscripted.
On top of that, MJ founded The Fastlane Forum and Viperion Publishing Corporation. He achieved financially so much and it all started with young man’s dream to own Lamborghini Countach instead of settling for less. He eventually built a powerful passive income stream for himself and bought it.