Losing $1B in 10 Seconds & Building It All Back From Zero — Gerald Ratner

In this remarkably candid episode, former jewellery tycoon Gerald Ratner recounts the infamous 10-second speech that wiped out his £1 billion empire and made him public enemy number one. He details the mechanics behind the business’s collapse; from the £1 billion bank debt triggered by a share price drop to the painful process of losing 2,500 stores and his own name.  But Gerald also reflects on the harsh lessons of ego, the power of a joke, and his resilient journey back into the trade, proving that while failure is public, the drive to start over is personal. BEST MOMENTS "I was public enemy number one. I couldn't believe the hostility that that joke caused. But they didn't believe it to be a joke. What they thought was that I have contempt for my customers." "The annoying thing is that when I was running a successful company, I didn't jump up and down and say, 'Isn't life wonderful?' Looking back on it, I wasn't particularly happier than I am now, which is ridiculous." "When I got the phone call to say my cancer screening was clear, I felt much happier than any deal that I've ever done. It makes you realise what's important in a way." Exclusive community & resources:   For more EXCLUSIVE & unfiltered content to make, manage & multiply more money, join our private online education platform: Money.School → https://money.school   And if you’d like to meet 7 & 8 figure entrepreneurs, & scale to 6, 7 or 8 figures in your business or personal income, join us at our in-person Money Maker Summit Event (including EXCLUSIVE millionaire guests/masterminds sessions)  → https://robmoore.live/mms  🔗 CONNECT WITH ROB  📸 Facebook: https://www.facebook.com/robmooreprogressive/?locale=en_GB  📸 Instagram:  https://www.instagram.com/robmooreprogressive/  👨‍💻 Linkedin: https://www.linkedin.com/in/robmoore1979?originalSubdomain=uk  🌍 Website: https://robmoore.com/  🎙 A NOTE FOR THE #DISRUPTORS:      The world is on the edge of a revolution. Wealth, power & information are being disrupted.  Mainstream media is dying. Your freedom is being challenged. Your money is being debased. #Disruptors & Rob Moore asks the questions others dare not to ask. Disruptive & diverse guests speak out on topical world issues & their areas of success & influence. As the world has changed, Disruptors has evolved to diverse global movers, shakers & change makers who stand out & speak up.  Want to start your own podcast? Get in touch -  Disruptive Media. ⁠https://disruptivemedia.co.uk/ Learn more about your ad choices. Visit megaphone.fm/adchoices