Growing your wealth, paying less taxes and gaining freedom from any one government is a concept promoted by the Nomad Capitalist. Andrew Henderson owns a consulting company that helps clients, mainly entrepreneurs, get second passports and use offshore tax strategies to protect their wealth. As of 2023, the Nomad Capitalist has an estimated net worth of $12 million.
Not much is known about Henderson’s early life as he doesn’t o discuss it during videos. However, it is known that Andrew went to Arizona State University but dropped out to become an entrepreneur.
His first business venture quickly became a huge hit, and made him wealthy at a young age. At 22 years old, Andrew was very successful, but didn’t like paying hefty tax bills to the government.
Founding Nomad Capitalist
Andrew loved traveling, and did it more often as his startup gained traction. His business became a passive income source, and he got to travel outside the United States for half the year. Despite this, he still paid 43% in taxes despite spending long spells 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 paid every year. On his travels, he searched for tax-friendly countries that treat you better.
Henderson set up offshore corporations, created foreign bank accounts, got various second passports, and bought properties. After 12 years experimenting with offshore strategies, Andrew launched the boutique consulting firm Nomad Capitalist in 2012.
The company has grown rapidly over the past few years, he now has over 55 employees and are based in Dubai according to LinkedIn. Not surprisingly his services are expensive and 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 faced starting out.
The website is the best way to contact Henderson and 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.
Andrew also published a book in 2018, Nomad Capitalist, on his website. As for YouTube, he started uploading videos actively in 2013. During this time, he discovered that Slovakia is the cheapest and safest country to live in. He now has over 670,000 subscribers, a huge milestone for a niche channel.
Net Worth and Earnings
Andrew currently owns four passports, and is working on his fifth. With these passports, he became a serial businessman with a network of companies established globally. He has also bought real estate in around 30 countries.
Andrew hasn’t disclosed his income from his international businesses yet, but it is reported that he makes around $5,000 per month in YouTube ad revenue. There’s also his book sales that adds to his $12 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.