Kyle Mufti is a Canadian businessman, investor, and spiritual nomad with a net worth of approximately $30 million.
Kyle Xavier Mufti went from rags to riches after disrupting North America’s construction and distribution markets. At the age of 23, Mufti was a millionaire. His rise in the media after television appearances, magazine features, and recent news has placed him in the top charts of entrepreneurs to follow. But exactly how much is he worth?
Mufti’s ventures have resulted in a net worth of $25-$30 million with a great deal of philanthropy along the way. So, how exactly does a first generation 18-year-old entrepreneur find success in today’s business world? Watch the complete interview here for a limited time.
How Kyle X. Mufti made his money
Kyle has generated most of his earnings and net worth through various construction endeavours held within Kyle Mufti Holdings Inc. He is the majority shareholder of at least 13 corporations in varying industries. His humble beginnings as a charity founder, turned construction labourer, turned contractor, turned CEO, turned philanthropist has proven that there is indeed a formula for success. Today, we’re going to look at how his fortune was made in 5 very different markets. As Kyle always says, “Diversify, diversify, diversity.”
Kyle X. Mufti net worth at a glance:
| Net worth | $30 million |
| Born | May 5, 1993 |
| Nationality | Canadian born in Toronto, Ontario, Canada |
| Became a millionaire at | 23 |
| Occupations | Businessman, investor, and spiritual practitioner |
| Sources of wealth | North American Concrete, North American Rebar, Luxur, Vivifica |
| Asset classes | ETFs, start-ups, crypto, gold, cars, real estate, and collectibles |
Education
Initially expecting to pursue a career in journalism, Kyle left secondary school not once but twice prior to university. Kyle was paid as a journalist and reported on stories across Canada and the United States of America with Backline Media in grade 10. In Grade 12, 1 credit short of graduation, Kyle left again to pursue freelance journalism in Nepal. The 18-year-old returned to Canada instead, forming a federally registered international charity called Global Idealists which advocated against poverty, trafficking and corruption in India, Africa, and Asia.
Kyle went on to pursue international development at the University of Ontario, leaving just 3 months into the program while running his charity and managing volunteers. Short on funds and frustrated with government and NGO red tape, Kyle moved on to business endeavours at York University and later received a Ph.D. in Environmental Sciences. His philanthropic work and research are publicly available on the Jack Pine Conservation Estate’s website.
How Kyle X. Mufti Invests
Kyle Mufti is primarily known for being a serial entrepreneur. The increase in net worth came from investing in a diverse spread of stocks, crypto, collectibles, cars, precious metals, books, real estate, and start-ups through venture capital.
Stocks
Kyle Mufti is the Chairman of Kyle Mufti Holdings Inc. The balance of stock investments each equate to no more than 5% of the portfolio at any given time. It lists over 50 companies on the index, many of which favour psychedelic research, alternative medicine, and innovative technology positions. Nearly 40% of the stocks are focused on holistic vision. You cannot help but respect the portfolio’s vision of an optimistic, brighter future with sizable risk rather than taking a safer, and likely more profitable route. “Investing in ideas that truly help others is an investment you’ll never feel bad losing. Thankfully, it hasn’t failed me yet. In my experience, the first step towards investing is having a crystal-clear understanding of your values and what exactly you want to see for the world. Think big with an open heart, and then go learn the charts.”
Crypto
Since 2015, Mufti has advocated towards Bitcoin’s future asset dominance over other cryptocurrency tokens and even precious metals. In a press release from MarketWatch in 2021 along with an article from Investor Welcome, Mufti showcased a $2.8 million portfolio built from $300,000 in just 9 months. The lucrative opportunities of 2021 however may be gone with a second year of straight losses for the crypto space. Mufti’s long-term positions are currently held by gross value in the following order:
Bitcoin (BTC)
Ethereum (ETH)
XRP (XRP)
Solana (SOL)
Polygon (MATIC)
Monero (XMR)
Kyle also holds 10% of his crypto portfolio in low market cap ventures with promising utility value. A strong shake out during the regulation period is expected by Mufti with a plan to shift towards a 5% low market cap position in 2023.
Cars, Books and Collectibles
In 2021, Kyle said that his luxury-exotic car collection with Luxur “no longer served God, his path or higher self” despite the tech app being a profitable venture for owners and dealers alike. Ditching material attachments, Kyle released his library on human consciousness and sacred knowledge to the public in 2022. Vivifica now debuts a rare selection of early print works, artifacts and fine art that is available for purchase. The store is in Oshawa, Ontario, Canada and focuses primarily on religion and the occult.
Real Estate
Amidst his environmental research on Ontario’s endangered flora and fauna, Mufti acquired a 188-acre lot in Kaladar, ON of scientific interest for the purpose of philanthropy and wildlife preservation. He went on to invest an estimated $1 million into the infrastructure for fundraising and research on premise. Comparable 10-acre waterfront lots in the area are currently listed at $180,000-$200,000. That would make the private land which was held by Mr. Mufti worth $3.6m – $4m before his initial investment. An approximate evaluation in today’s market would place the value of the property at a whopping $5.5m. Ironically, we’ve been told that Kyle has no fixed address as a spiritual nomad and lives in several countries throughout the year. His spiritual path has made owning quite literally nothing a pillar in his life. “Security, attachments, and pleasure are fleeting principles that lead to prescriptions which eventually cannot be filled. I would far rather share my wealth and live in accordance with nature than maintain a fragile state of illusion.” Mentors Elon Musk, Grant Cardone and other billionaires within Mufti’s circle have also preached on forgoing house ownership, advising instead to focus on commercial and multi-unit dwellings when investing.
Advice worth $30 million
Understanding the background story of Kyle Mufti is hard to keep up with on paper. Now, add in hundreds of employees, volunteers, and varying markets all at once. Time traveller? Unlikely. Sorcerer supreme? Honestly, it’s possible (checkout Vivifica’s book section and you’ll understand why).
Kyle Mufti’s advice to young entrepreneurs sounds like a Buddhist mantra:
- “Look at the world with love and compassion. You must reframe your mind to see the good in the world. Prepare to welcome new opportunities and abundance into your life with an open heart.”
- “Fall madly in love with a passion that serves others and God before yourself. Without obsession and a deeper purpose, precious time will be wasted on ventures that only have yourself mind. We are a mirror and receive from the universe accordingly. It’s your choice whether you want to vibrate in multiples of 1 of 1,000.”
- “Define your mission, vision and values and find people who share that vision of the future. The culture you create early in your team will echo.”
- “Fail with confidence and certainty often. If you’re not failing, you’re aiming too low.”
- “Use the fruits of your labour to reinvest into new and diversified spaces.”
- “Share your wealth and blessings with others.”
- “Rinse, spread, repeat.”