Real estate billionaire launched his entire career after being called the ‘worst analyst’ and quitting his cushy job at Goldman Sachs
Fernando De Leon, a Mexican-American real estate mogul, transformed a setback at Goldman Sachs into a billion-dollar empire. After being told he was not a good fit for the firm, he left to pursue a career in real estate. Today, De Leon is worth an estimated $3.1 billion and credits his initial rejection as a pivotal moment in his success.
- ▪Fernando De Leon was told he was the worst analyst at Goldman Sachs, prompting him to leave the firm.
- ▪He founded Leon Capital Group in 2006, which has grown into a major real estate and financial services company.
- ▪De Leon's investments now have an asset value exceeding $15 billion, contributing to his net worth of $3.1 billion.
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Being laid off, fired, or ousted from a high-powered company can feel career-ending. But for some, it’s a springboard for success. Mexican-American real estate mogul Fernando De Leon tossed the towel on his Goldman Sachs job after being told that he wasn’t the best fit for the $293.4 billion bank—and the setback put him on the path towards creating a billion-dollar empire. Recommended Video De Leon recalled in a recent interview with The Wall Street Journal being told by one boss, “you should find something else to do” at the start of his career. “Basically it was, ‘Hey, man, you may be the worst analyst that Goldman Sachs has ever hired.’” The self-made billionaire was surprised to hear the criticism, but he now credits it with changing his life for the better.
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