There are so many people in the world who aspire to become the next president or the next billionaire. But there are so few people who work for their goals. Most of the time it becomes difficult to cater to a monumental course as they can be pretty daunting. Many a time people would also shift their vision and mission and would tackle simpler jobs with a relaxed pay and be at leisure, they will no step outside of their comfort zone and hence are always stuck in the middle.
Brief – Many billionaires and millionaires before becoming mega-rich were just like us, empty slate but what was different in them is that they were determined to win the title of success. One such man who rose like a phoenix from the ashes after his failure is – Ryan Kavanaugh. Many of us may know him because of his popularity during the recent years and now especially because of the pandemic.
Who is he? – He is an American businessman, who is also an investor of multiple products and services like dog food, films, banking and finance, movies, etc. Earlier he has marked the youngest billionaire by various multinational magazines, which made him even more popular in the upcoming years. He is of Jewish descent and is also a leading film producer.
Downfall – Until this one deal that he signed that caused all hell to break loose. He had forged the marketing and promotional campaigns of other companies to save his own company. He had also broken the cross-border tie-up with various radio stations. One deal with took the cake was when he signed a partnership deal with the Chinese Media to handle the production and the movies that will be played on screen dually in both countries.
In early 2015, he was filed for bankruptcy, and in another case in 2018 where Ryan Kavanaugh’s company was filed for a chaptered bankruptcy, again. Two bankruptcies within 5 years, made him lose his title. His other investments did not back him up as he was losing shares in those as well. His film that he had financially film produced did not even cross the minimum budget in the box office and was only up to 70 million dollars.
Conclusion – Soon, in recent years, times changed and he realized that an app that he had was still being used by people from all around the world and hence Ryan Kavanaugh was back at it to bring a billionaire, again.