The world-renowned motivational guru and professor of success, Bob Proctor was once a high school dropout. Read about his story and Bob Proctor net worth.
It’s not impossible that you could be an entrepreneurial genius like Jessica Jackley or Steve Rubell. This is what Proctor believes and what he teaches; that we are all born with the aptitude for success and greatness, we just need to learn how to tap into this ability.
For over forty years, Proctor has been guiding people towards a glamorous and fulfilling life. Many look to his transformation on how much a person can achieve with the right mindset. And for those curious about Bob Proctor net worth, it’s set at $25 million.
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Bob Proctor – Short Bio
Bob Proctor came from very humble beginnings and grew up with relatively poor self-esteem. He was born in Ontario, Canada, on July 5th, 1934. And before he became the highly respected and influential man he is today, Proctor started as a struggling 26-year old high school dropout who couldn’t find a job that could promise him a future he’d be proud of.
But his views in life changed when a person from the fire department where he worked shared a book. It was written by the legendary 19th-century author Napoleon Hill. The book was based on Hill’s 20-year study on forty of the most successful people of his time.
The book was published in 1937 with the title Think and Grow Rich. To date, the highly regarded classic has sold over 15 million copies and is still held as a motivational reference.
After his life-changing encounter with Hill’s famous book, Proctor was filled with the urge to improve his situation. First, he worked on paying off his debts. He started a small company that offered cleaning services and took jobs from small establishments to big companies. Within the first year, his net grew to over $100,000 despite his lack of business training.
His life indeed changed within just a year after he shifted his views in life. And if he could already achieve so much even without formal education, he realized that he could do greater things if he was equipped with the knowledge of self-improvement. And with this goal in mind, he joined the Nightingale-Conant, founded by two of the greatest life coaches of our time.
The Nightingale-Conant Organization
Nightingale-Conant established itself as one of the world’s foremost publishers of self-help and business strategy programs. It was founded by Earl Nightingale and Lloyd Conant in 1960. Their mission was to reach out and help as many people as they could by improving their lives.
Under the mentorship of Earl Nightingale and Lloyd Conant, Proctor rose through the company ranks and became a great asset to the organization. He carried out the company’s mission by inspiring thousands through his speeches and accepted private consultations on how people can manifest wealth by following the philosophies of Nightingale-Conant.
Bob Proctor became a respected figure in the field of self-help. He had the opportunity to work closely with Earl Nightingale during his last few years with Nightingale-Conant. By 1973, Proctor was ready to go independent. He added his approach to the knowledge he received from his mentors. And he successfully created a company that would be famous worldwide.
Proctor Gallagher Institute
Bob Proctor established his own personal development company in 1973 and became a world-renowned speaker, teacher, and expert on the mind, human potential, and success. He mastered the teachings of human development and motivation through his continuous quest for knowledge, self-reflection, and constant interaction with other people who he coached.
In 2006, a successful attorney named Sandy Gallagher attended one of Bob Proctor’s three-day seminars. Their meeting led to a steady partnership that revamped Proctor’s already successful company into a global figure.
You Were Born Rich
In 1984, Bob Proctor published a book called You Were Born Rich, where he poured his whole concept that everyone is born with superior characteristics and how we are meant to live a life of comfort. The book became an international best-seller, attracting the attention of major news and media outlets. It also got the attention of writer and producer Rhonda Byrne.
Law Of Attraction
And like how Proctor was inspired by Napoleon Hill and his mentors from Nightingale-Conant, Byrne referred to the teachings of Bob Proctor and created her own self-help series. She began by creating a documentary film where she presented the “law of attraction” concept. She featured experts like Bob Proctor, who firmly believes and supports the theory.
The 2006 film was a box office success that grossed $65 million from a $3.5 million budget. Byrne followed the trend by publishing a series of self-help books, centering the pseudoscience of positive and negative experiences and the idea of how people can dictate their future.
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Bob Proctor Net Worth – Frequently Asked Questions
Who Is Bob Proctor?
Bob Proctor is the Global CEO of Proctor Gallagher Institute. He is known for being an entrepreneur, business consultant, writer, and spokesperson on self-development and success. He’s been sharing his knowledge for over forty years and has guided thousands of people towards a life of wealth and luxury.
How Much Is Bob Proctor Net Worth?
As the leading figure of Proctor Gallagher Institute, Bob Proctor net worth is estimated at $25 million. The company that was originally established in 1973 entered into a partnership in 2006. It continues to follow Proctor’s original groundwork on how to lead people towards success.
How did Bob Proctor Make Money?
Proctor started with a small company that offered cleaning services. After paying off all his debts and profiting from his initial venture, he decided to join a company where he could gain more information on self-development and make money by becoming a consultant. He also authored a best-selling book and was a highly sought-after speaker for conventions.
How Much Does It Cost to Become a Proctor Gallagher Consultant?
According to their official website, the basic package costs an initial $1,500 to join the consultant training course. Initial because it follows a $500 annual fee to remain a certified consultant for Proctor Gallagher Institute. And there are complaints stating that some have paid over $30,000 to sign up for advanced courses but ended up in disappointment.
Bob Proctor Net Worth – Final Thoughts
From an overall perspective, it is impressive how he succeeded despite getting a late start on his journey to self-improvement. Bob Proctor net worth of $25 million for a single year is an astounding testament to what he’s been promoting for over four decades.
But clearly, Bob Proctor’s net worth is not enough to ward off people who are not that enthusiastic about paying up to five figures to follow the more advanced courses. There are a total of 26 documented complaints submitted to the Better Business Bureau within the last three years.
The main moral of this summary is that people are born equipped with greatness. Our natural curiosity for information is subtle proof of this possibility. And regardless of whose philosophies end up inspiring us, the decision will always rely on which we choose to follow. It is our responsibility to remain logical and smart.
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Education: Bachelor of Economics at Radboud University, Master in Finance at Radboud University, Minor in Economics at Chapman University.
Over 200 articles, essays, and short stories published across the web.
Marjolein Dilven is a journalist and founder of Spark Nomad, a travel platform, and Radical FIRE, a personal finance platform. Marjolein has a finance and economics background with a master’s in Finance. She has quit her job to travel the world, documenting her travels on Spark Nomad to help people plan their travels. Marjolein Dilven has written for publications like MSN, Associated Press, CNBC, Town News syndicate, and more.