What do Miley Cyrus, Winston Churchill and Elon Musk have in common? The answer: Famous family roots. Pop sensation Miley Cyrus, as many of you already know is the daughter of Billy Ray Cyrus. Billy Cyrus became a country music star in the early 90’s but Miley went on to become a brighter shining star.*|MC_PREVIEW_TEXT|*
What do Miley Cyrus, Winston Churchill and Elon Musk have in common?
The answer: Famous family roots.
Pop sensation Miley Cyrus, as many of you already know is the daughter of Billy Ray Cyrus. Billy Cyrus became a country music star in the early 90’s but Miley went on to become a brighter shining star.
She’s had multiple top hits and has sold more than 20 million albums and 55 million singles worldwide. And she’s rumored to be worth around $200 million – 10x the wealth of her father who showed her the ropes.
Winston Churchill is remembered as the legendary World War II leader of Britain. But his family helped open the doors for his success.
He was the son of Lord Randolph Churchill, a British aristocrat and politician. His mother was an American born British socialite and writer who was “close” to many prominent men of the 19th and 20th centuries, including the future King Edward VII.
Tesla and SpaceX CEO Elon Musk also has a celebrity bloodline.
His mother, Maye Musk, is a well-known Canadian-South African model, whose career has continued even into her 70s.
She’s appeared in many of the biggest magazines including the cover of Time Magazine.
In addition to Elon Musk who’s amassed a fortune through his various businesses, Maye Musk’s other two children have also done well for themselves.
Miley, Winston Churchill and Elon Musk all came from families who could lend a helping hand getting to the top.
Winning Genes and Profits
Why does success seem to run in families?
The environment during childhood, good connections and talent embedded in the DNA doesn’t hurt.
But there’s something else that’s important not to miss. A big part of success is the desire of children to live up to their parents’ accomplishments and to push beyond.
Parents set kids in a position to succeed. And sometimes, these driven offspring run with it.
From Chocolate Bars to an Empire of Riches…
There’s no better example of this than America’s famous Mars family.
In 1911, Frank Mars started the Mars Candy Factory…
While that initial candy store ended up being a failure, it gave Frank the experience to start Mar-O-Bar Co in 1920. Later in his life he would develop the Snickers Bar. He eventually became wealthy and while he died young at age 50, he had laid the ground for a chocolate empire.
While this patriarch was successful, it was his son Forrest Mars who created a lasting family dynasty and built the empire that continues to this day.
At just 19, Forrest, who was allergic to peanuts, invented the Milky Way chocolate bar…
That creation helped his father’s business flourish and became one of the company’s signature snacks.
In 1932 he invented the Mars bar, and in 1941 he invented M&M’s. He also helped launch Uncle Ben’s Rice and Pedigree pet food.
But most importantly for the company, he managed to make the Mars company an international success.
You might assume that his success came from hanging around his dad. But Forrest was raised by his mom in Saskatchewan after his parents divorced when he was just 6 years old.
He rarely saw his father as a child and it wasn’t until later in life that he began working with him.
One thing is clear, Forrest wasn’t content to rest with what his father had accomplished. He wanted more. Forrest used his talent, connections and knowledge and made a name for himself.
He saw what his father had accomplished and knew there was more that could be done – and he did it.
"I'm not a candy maker. I'm empire-minded” he said.
When Forrest died at age 95, he was ranked the 30th richest person in America with a fortune of $4 billion.
Today his descendants are said to have a combined net worth of nearly $90 billion.
I too have that hunger and drive to supersede my family’s legacy.
Cambridge House has been growing by leaps and bounds ever since my Dad, whom many of you know, passed the reins on to me.
I love to share stories about people who can talk the talk and walk the walk.
Billionaire Mindset and Lessons…
Lukas Lundin of the Lundin Group is one of the most famous names in the resource industry these days,
He is well-known for his success in both the resource and petroleum industries.
It was his father before him, Adolf Lundin, who first laid the foundation for the Lundin Group in the 70s as an oil and mining entrepreneur.
Following his father’s passing in late 2006, Lukas has since grown Lundin Mining fourfold, and was key to Lundin Gold’s acquisition of the monster Fruta del Norte deposit.
In my line of work, I’m fortunate to get to meet some of the new blood. And today, there is a superstar group of second generation of up and comers, like Lukas was.
There’s one particular company I’ve been watching closely over the last couple years…
It’s run by the kind of people who’ve been given a good start but are breaking barriers – taking a company to the next level – in a SHORT period of time.
In this industry talk is cheap and execution is everything.
These guys have executed 2020 in overdrive. In the last year alone they’ve:
Signed a property option agreement on a second remarkable project (away from a larger group, for the 2nd time)
Raised $12M during the height of the COVID pandemic (getting key investments from familiar juggernauts in the industry)
Already started aggressively drilling their 2 flagship properties… with excellent results starting to trickle in.
Will work with a world-class team that’s just delivered 619% gains in the past 18 months with their primary gold stock.
I don’t have to tell you that gold stocks are VERY attractive to me right now at these levels...
When you bring together a hot gold market with a very hungry and motivated young team…
And include one of the world’s BEST current living geologists,
Who discovered one of the biggest gold deposits of the last 20 years that ended up selling for over $2 billion…
Investing in the markets might seem like buying a lottery ticket – but the difference is, you can tilt the odds in your favour.
Smart money has already made their bets on this young yet well-connected team.
Tomorrow I’ll reveal the name of this company that I think has a great chance of taking off (it has a very small market cap relative to the exploration upside).
The last company I was this excited about soared 113% in 6 weeks. I hope you were on that ride.