Flaunt Weekly
HomeEntertainmentHe gave me ten times that amount in two years, according to Steve Harvey, who recalled giving his son’s friend $400K to invest on his behalf.
Steve-Harvey

He gave me ten times that amount in two years, according to Steve Harvey, who recalled giving his son’s friend $400K to invest on his behalf.

Children often have the best knowledge.

 

Broderick Stephen Harvey Sr., better known as Steve Harvey, allegedly offered his oldest son Broderick Jr. a job working for him. While he turned down the position, he had a good idea of a person who may be a better fit.

 

On Earn Your Leisure, Steve stated, “I wanted my son to assist me run my business, my oldest son Broderick who’s in television.”

 

Instead, his son advised him that if he wanted his company to succeed, Steve should hire his closest friend.

 

Steve added, “And that was smart of him because he could’ve taken the check.

 

He reassured his father that the son had more experience and would help him expand his company.

 

His son’s friend had just received an offer from an Ivy League college across the country after graduating with honours from Morehouse College at the time. He intended to go and pursue a career in imports and exports.

 

Steve decided to give him a chance at his company after listening to his son’s advise.

 

According to Steve, who also provided an explanation for how his son’s friend has been able to remain employed by the business for so many years, “I hired him and gave him a pay that would save all that going to school for him.”

 

In the episode, Steve said, “The way we started was, I handed him $400,000 and said, ‘Hey buddy, show me what you’d do in the stock market.

 

When I tell you that he gave me 10 times that amount of money in two years and then doubled it again, he continued. That money is generating income while it is just sitting there.

 

Steve Harvey’s net worth is $200 million, according to a prior AfroTech study.

 

Even though he may be a well-known businessman and entertainer now, the 65-year-old held down a number of occupations before finding work in stand-up comedy.

The remainder is history.

Himanshu Mahawar

Himanshu Mahawar is the Editor and Founder at Flaunt Weekly.

Magazine made for you.