How to Get Rich by Felix Dennis
How to Get Rich by Felix Dennis

Business · 2006

How to Get Rich review

by Felix Dennis

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The verdict

Felix Dennis was a British publishing magnate who built a multi-hundred-million-pound empire from nothing, and How to Get Rich is his attempt to tell the whole truth about how that actually happened.

Best for operators, founders, and managers. Reading time: 5h 0m.

How to Get Rich by Felix Dennis
How to Get Rich by Felix Dennis

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What it argues

Felix Dennis was a British publishing magnate who built a multi-hundred-million-pound empire from nothing, and How to Get Rich is his attempt to tell the whole truth about how that actually happened. Not the sanitized version. Dennis is explicit that the book is about getting rich in the specific sense of owning equity in things that generate money, not about being happy, not about work-life balance, and not about finding your passion. Those are different books. This one is about accumulation, and Dennis treats it with the bluntness of someone who has no more mountains to climb.

The core argument is that ownership is everything. Dennis spent years building magazines and other media properties for other people before he understood that salary, however large, makes you comfortable but not rich. The only path to serious wealth is owning a significant stake in something that can scale without requiring proportionally more of your time. He distinguishes sharply between those who will never be rich because they are too cautious, those who might be rich if they stop working for others, and those who have the particular combination of hunger, resilience, and willingness to be disliked that actually produces major fortunes.

What it gets right

  1. 1.

    Ownership of equity is the only real path to significant wealth. Salary, however high, keeps you comfortable but not free.

  2. 2.

    The will to get rich requires being comfortable being disliked. Popularity and great wealth rarely coexist for long.

  3. 3.

    Start before you are ready. Almost every major fortune began with incomplete information, inadequate resources, and someone who moved anyway.

What it covers

Who wrote it

Felix Dennis (1947–2014) was a British publisher and entrepreneur who built Dennis Publishing into one of the UK's largest independent magazine groups, with titles including Maxim, The Week, and Viz. He left school at sixteen, was arrested during an obscenity trial over Oz magazine in 1971, and went on to become one of the hundred wealthiest people in Britain. He was also a poet of some reputation, publishing several collections. He spent the later decades of his life planting forests in the English countryside and writing with unusual candor about money, addiction, and what a life spent chasing wealth actually looks like from the inside.

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