Bobby Castro

About Bobby Castro

Bobby Castro is a billionaire. He and his wife Sophie have been together for 33 years. Together they sold a business for a billion dollars (the sale price of the company, not personal net worth). They started that business with $1,700. They did not raise any money to do it. Before the sale, they built a multifamily real estate portfolio. It is worth around $750 million. The portfolio brings in cash flow of around $600,000 every month. Bobby only went to school through the ninth grade. He says his story shows that anybody could do this. Samantha Guthrie of Pacific Capital LLC secured this interview for Billionaires.com. In it, Bobby talks about how to scale a business. He also explains how much he relies on data. He talks about putting the right people in place to help a company grow.

What They Shared in the Interview

1. 01

   Change the strategy to scale.

   Bobby says that to scale a business, everything has to change. He suggests asking whether the business is scalable, whether it offers a solution and whether it is disruptive.

2. 02

   The team that got you here may not get you there.

   Bobby found that the people who helped him early on were not always the people who could take the business to the next level.

3. 03

   Let data guide decisions.

   Bobby calls data the most powerful thing for him. He says it has no emotions and shows you where to go, how to go and what to do.

4. 04

   Work with people who understand data.

   Once Bobby saw how important data was, he teamed up with people who knew how to digest it. He says that changed his life.

5. 05

   Recruit the right skill set.

   When Bobby brought in the right people at a certain stage, the company took off. He says nearly everyone had to change, even at the CFO level.

6. 06

   Set ego aside.

   Bobby stepped back and brought in people who knew the job better than he did. He says his business took off once he did that.

In Their Words

FAQs