Private Jet Billionaire Breaks Down Every Step in His Wealth Journey | The WSJ Money Interview

Kenn Ricci, an entrepreneur and pilot, details his four-decade career trajectory in aviation leading to his billionaire status. His business ventures encompass nearly every facet of air travel, notably including the private jet company Flexjet, recently valued at $4 billion following an investment involving an LVMH-backed private equity firm. The interview explores Ricci's approach to wealth accumulation, covering how he achieved his first million, the financial realities of high net worth individuals, and his philanthropic activities.

Topics discussed include the sale and turnaround of Raytheon assets, the formation of Directional Aviation Capital, and reaching a billion-dollar net worth. Ricci also provides insight into managing wealth across generations, family meeting structures, and personal spending habits related to luxury items such as watches and clothing.