![]() ![]() before striking it rich and eventually “owning a Montana ranch with John Elway and a private Caribbean island with Sir Richard Branson. On his website, Stearns tells the rags-to-riches story of growing up with alcoholics in the suburbs of Washington, D.C. ![]() “ does not discuss or provide materials regarding confidential matters, including and not limited to his personal and business finances,” Berg told the outlet via email. He also owns $2 million in Infinity Bank stake along with a yacht and multi-million-dollar real estate properties in Wyoming, Maryland, Arizona and other areas.Īn assistant for Stearns, Keely Berg, declined to comment - telling Forbes that he considers the matter “private.” ![]() His current stake in the company is worth roughly $17 million, according to Forbes. On the show, Stearns is described as a “self-made billionaire” tasked with “building a million-dollar business from scratch” in 90 days with “only $100 in his pocket,” according to But he’s in fact a 10-figure faker, according to an assessment of his properties and stakes in the firm Stearns Holdings cited in the report. Glenn Stearns, 56 - a mortgage firm founder who stars in the series “Undercover Billionaire” - actually boasts a net worth of roughly $500 million, according to an investigation by Forbes. Check your local listings for details.Joe and Jill Biden returning for Thanksgiving to billionaire David Rubenstein's $39M Nantucket estateĪpple CEO Tim Cook spends $40K on Xi Jinping dinner, Elon Musk attends $2K receptionīillionaire Ken Griffin sees this sunshine city taking over NYC as US finance capitalīill Gates buying up land, threatening small farms under guise of saving planet, author claimsĪ California businessman who is portrayed as a billionaire in a new Discovery Channel reality show is nowhere near that wealthy, according to a report Friday. 7.6 (757) Undercover Billionaire is a reality television series that follows the story of three successful entrepreneurs as they attempt to start a million-dollar business from scratch in just 90 days with only 100 and no contacts. The series airs on Discovery Networks, and on Discovery Plus. From diners and boxing gyms to coffee shops and rustbelt manufacturing, will share all that they’ve learned and might have a few surprises as well.” Viewers will get simple tips on how to earn fast money and thrive despite all the odds. “Each episode will give all business owners key lessons on how to stay afloat and grow,” Discovery Networks said, in a press release. Yes, there is more than one way to make a million dollars - and there’s no doubt that Idlett-Mosley will bring her own sense of serial entrepreneurship, combined with her creativity learned from the entertainment industry, to her lucky mentee. The true challenge, of course, will lie in each participant’s ability to generate a million dollars for each of the businesses they were tasked to mentor. On “Undercover Billionaires “ - where she appears alongside motivational speaker and Twitter philosopher Grant Cardone, and House of Rock founder Elaine Culotti - Idlett-Mosley will be taking on the challenge initially set forth by Glenn Stearns: “stripped of his name, wealth and contacts and dropped into a city he’s never been to see if he could build a million-dollar company in 90 days with only $100 in his pocket.” Photo Credit: Courtesy of Discovery Prior to founding Reign Ventures, Idlett-Mosley co-founded the Mosley Music Group, where she managed the careers of One Republic, Nelly Furtado, and the late Chris Cornell. What’s more, her ventures have helped generate hundreds of millions of dollars. As the CEO and founder of Reign Ventures, Idlett-Mosley helps finance women, minorities, and other “non-traditional” companies that traditional bankers tend to overlook. With only 100 in his pocket, the self-made billionaire is determined to recreate his rags-to-riches success and prove the American Dream is still alive. Fans of both hip-hop and Black women in tech may recognize a familiar face in Monique Idlett-Mosley.Īlthough sometimes derisively referred to as the former wife of super-producer Timbaland (real name: Tim Mosley), Idlett-Mosley is a force of nature onto herself. Glenn Stearns has 90 days to build a million-dollar business from scratch. Catch the Season 2 premiere of Undercover Billionaire on January 6 at 8 pm ET/PT on Discovery and streaming on Discovery+. Discovery’s hit television show, “Undercover Billionaires,” is back for a second season. ![]()
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