Living wherever you want in the world without any ties to a single country is a concept promoted by the Nomad Capitalist. He owns a renowned consulting company that helps clients, mainly entrepreneurs, get global citizenship and offshore tax planning to maximize wealth and freedom. As of 2022, the Nomad Capitalist has an estimated net worth of $4 million.
The content creator’s real name is Andrew Henderson. Apart from this, there is not much known about his private life. He doesn’t openly discuss these topics in his blogs or YouTube videos.
However, it is known that Henderson went to Arizona State University to pursue tertiary education. He decided to drop out to pursue a full-time career as a entrepreneur.
His first business pursuit instantly became a hit, and it made him a lot of money. At 22 years old, Andrew was very successful, but he didn’t like the government taxes that followed him every time.
Creating Nomad Capitalist
Andrew loved traveling, and he did it more often when his startup gained traction. His business became a passive income source, and he got to travel outside the United States for half a year. Even so, he still paid 43% in taxes despite spending a significant amount of time outside the US.
He planned to invest his money in other businesses. Most of them also became successful, but it didn’t help Henderson reduce the amount of tax he had to pay every year. So, he went back to traveling and searched for countries with friendly tax laws that he could legally take advantage of.
Henderson set up offshore corporations, created foreign bank accounts, got various second passports, and bought properties in numerous countries. After 12 years of experimenting with offshore strategies, Andrew launched the boutique consulting firm Nomad Capitalist in 2012.
His company has grown rapidly over the past few years, he now has over 40 employees and are based in Dubai according to LinkedIn. Not surprisingly his services are expensive and he only works with those making at least six figures!
Nomad Capitalist charges a $25,000 retainer fee for clients making at least $500,000 per year. To work exclusively with Mr. Henderson directly you’ll need a net worth of at least $20 million and pay a $75,000 retainer fee.
His brand went online, creating a website and YouTube channel. He began advising fellow wealthy entrepreneurs and investors about similar problems that he had starting out.
The website is the primary way to work with Henderson. It also features free information for aspiring business people that want to lower their taxes and travel. It includes The Nomad Passport Index, which lists the best passports to have annually.
He also sells his 2018 book, Nomad Capitalist, on his website. As for his YouTube channel, it started uploading videos actively in 2013. During this time, he discovered that Slovakia is the cheapest and safest country to live in. He currently has 501,000 subscribers, a huge milestone for quite a niche channel.
Net Worth and Earnings
Andrew currently owns four passports, and he is working on his fifth. With these passports, he became a serial businessman with companies established globally. He also got to invest in various real estate in around 30 countries.
He hasn’t disclosed his income from his international businesses yet, but it is reported that he makes anywhere between $7,800 to $124,600 every year from his YouTube channel. There’s also his book sales that add to his $4 million fortune.
Occasionally, Andrew talks about marriage in relation to his theme of citizenship. However, it is not known if the accomplished entrepreneur is single, dating, or married.