Billionaire Bob Duggan on Money, Knowledge & Kids

I recently spent time with the most recent billionaire addition to the Forbes 400 list, Robert W. Duggan. Mr. Duggan just closed the sale of his company Pharmacyclics for $21-billion.

I had the opportunity to spend a couple of hours with him and it turned into three days. Three days with a self-made billionaire can get you a lot of inspiration. We talked about all the things you would think entrepreneurs would; investing, stock market, money, real estate, and economics but even more time talking about importance of helping others, friends, kids, spirituality and breakthroughs in study that can increase competence and confidence.

When I asked Bob about money and finances he said, “you want money? I’ll show you the money! Money is wrapped in knowledge. And knowledge is unwrapped in a breakthrough in study technology. You have to know how to study before you can actually get knowledge.” Robert W. Duggan.

In his offices, you will find open dictionaries where he makes it a habit to look up and completely understand words. Keep in mind here is a guy that makes the Forbes 400 list and is taking the time to look up words. Duggan says, "Cardone when a person fully understand a subject they will naturally move to your 10X mentality because comprehension leads to competence which leads to action!"

I asked him about this fascination and he said, “look up knowledge,” as he grabs the dictionary, and spouts off the definition by memory, “facts, information, and skills acquired by a person through experience or education.”Then he dives into the synonyms, “look here, ‘understanding, comprehension, grasp, command, mastery’ and he isn’t done showing me the antonyms(opposite) “look Cardone it says, ignorance and illiteracy.”  

Then he leans over to me and says, “you need to help me get this message to the world - the next generations, your kids, and billions of others, depend on the ability to get knowledge.”

Just as quickly he transitions, “let’s go back to your hotel and spend some time with your kids.” When we get there he spends the afternoon with the kids like an eight-year-old. Spending time with a billionaire is probably always a learning experience but this guy is more than that - he is a nice guy, that clearly has an interest in mankind.  He set an example for me of what is most important in life. 

Grant Cardone

Grant Cardone is a New York Times best-selling author, speaker, motivator, sales training expert and self-made American success story. His digital network, books, sales training programs, and seminars provide people of all professional backgrounds with the practical tools necessary to build their own economies towards the path to true freedom.  

“Success is your duty, obligation, responsibility.”  GC

Grant created Cardone University, a customized sales training program for Fortune 500 companies, small businesses, success-minded individuals, and entrepreneurs.