How to Become "Accidentally" Rich Like Kenn Ricci

Want to know how Kenn Ricci turned his pilot passion into a billion-dollar empire? This Kenn Ricci biography dives into his journey, from flying dreams to a $4B private jet business. 

Learn his secrets to building wealth through aviation entrepreneurship and smart bets on the ultra-rich. Let’s explore how to soar to success!

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From Cockpit to Cash: Ricci’s Early Hustle

In the late ‘70s, Kenn Ricci was a Notre Dame student hooked on planes through Air Force ROTC. Ditching his accounting degree, he told his dad he’d chase piloting in 1978. 

That bold move kicked off his path to becoming an aviation entrepreneur and building Kenn Ricci wealth.

Starting Small with Corporate Wings

By 1981, Ricci jumped into his first venture, buying Corporate Wings, a small aircraft management and charter company. 

Flying celebs like Richard Branson, he grew the biz with grit, setting the stage for his private jet business empire.

Betting Big on the Ultra-Rich

Ricci saw the ultra-rich multiply, billionaires up 50% in a decade, per Henley & Partners and UBS. Crypto millionaires soared 40% to 240,000 last year. 

His bet on fractional jet ownership catered to elites spending $200K+ on luxury trips.

Scaling with Directional Aviation

In 2003, Ricci launched Directional Aviation Capital to acquire aviation businesses. His big win? Buying Flexjet for $185M in 2013, turning it into a $4B powerhouse with 300+ planes and 5,000+ employees.

Read Also: How to Get Rich Before 30: A Complete Guide

Flexjet: The Crown Jewel of Ricci’s Empire

Flexjet, once trailing NetJets, hit a $4B valuation after an LVMH-backed private-equity deal. Offering jet cards and charters, it serves high-flyers craving seamless luxury. Ricci’s knack for spotting trends fueled this success.

• Innovative Services: Flexjet’s fractional ownership lets clients share jets, cutting costs without losing luxe.

• Global Reach: With add-ons like PrivateFly and helicopter ops, Ricci’s empire spans all travel needs.

The "Accidental" Wealth Mindset

Ricci insists his billions came from loving aviation, not chasing cash. “Wealth is in vogue,” he notes, as social feeds flaunt YOLO trades and lavish trips. His focus on private jets rode this cultural wave.

Turning Setbacks into Wins

Ousted from a company he founded, Ricci bounced back by acquiring rivals and innovating. His Nextant Aerospace remanufactures planes, slashing costs. He teaches his kids to hustle through unequal inheritance plans.

Living the High Life: Ricci’s Luxury Playbook

Ricci’s $800K annual vacation budget funds epic trips in his $96M Gulfstream. His tip? Blend biz with pleasure for max value, like Euro getaways with client meets. It’s luxury travel done smartly.

Influencer Vibes in the C-Suite

As Flexjet’s chairman, Ricci doubles as a travel influencer, posting jet-life BTS on social media. With 300K+ flight hours yearly and awards like Ernst & Young Entrepreneur of the Year, he inspires wealth-chasers.

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Keys to Your Own "Accidental" Riches

Ricci’s love for flying sparked his empire. Find your obsession, whether it’s tech or travel, and turn it into a hustle. Passion-driven work often leads to unexpected wealth.

Ride Trends, Take Smart Risks

• Spot Opportunities: Ricci capitalized on the ultra-rich surge and crypto wealth boom.

• Start Small, Scale Up: His $185M Flexjet buy grew into a $4B giant through calculated moves.

Network and Give Back

Ricci’s $100M Notre Dame donation and board roles at Smithsonian boost his clout. Connect with power players and give back to amplify your success in any field.

Read Also: A Comprehensive Guide on How to Make Money in Crypto

Conclusion

Kenn Ricci’s rise from pilot to billionaire behind Directional Aviation shows how passion and opportunity create “accidental” riches. His $4B Flexjet empire proves smart bets on trends like private jets pay off. 

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FAQ

How did Kenn Ricci start building wealth in aviation?

He kicked off with Corporate Wings in 1981, a small charter firm that grew by serving celebs and elite clients.

What made Flexjet the crown jewel of Ricci’s empire?

Ricci acquired it for $185M in 2013 and scaled it into a $4B powerhouse with fractional ownership, jet cards, and global reach.

Why did Ricci bet on fractional jet ownership?

He spotted the surge of billionaires and crypto millionaires ready to spend $200K+ on luxury travel, making shared jets a winning model.

How does Ricci handle setbacks in business?

He rebounds by innovating, like remanufacturing planes with Nextant Aerospace to cut costs and outpace rivals.

What’s Ricci’s formula for “accidental” riches?

Obsession-driven work, spotting wealth trends early, scaling smart investments, and leveraging networks while giving back.

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