Fernando De Leon was laid off from Goldman Sachs after being told he was not a good fit. He received harsh feedback early in his career, including being described as the worst analyst the firm had ever hired. Despite the initial hurt, he later credited the setback with redirecting him toward entrepreneurship. He left the bank after a couple of years, using savings from Goldman bonuses and other childhood and investment income. He then focused on real estate, beginning by optioning land and building his career outside the Wall Street institution. The experience ultimately helped him reach billionaire status and create a major real estate business.
"De Leon began his career as an analyst at Goldman Sachs in 2001 after receiving his bachelor's degree from Harvard University. After just a couple of years, his peers recognized that his potential lay outside of the company. He was praised for entrepreneurial ability while being pushed to leave the firm, and leaving the bank became a blessing that propelled his career to its current height."
"The Texas-born businessman says he left Goldman Sachs with around $80,000 to $100,000 in savings from Goldman bonuses, extra money from growing up, and interest from some of his buildings. With that base, he founded his business using roughly $100K saved from Goldman bonuses and childhood money. He then moved head-first into real estate by beginning to option land."
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