EP: 230 - From Steel to Skylines: Building $100M Family Empire (Guest:Omar Ali)

In this episode, David Bellard and Jalen sit down with Omar Ali—entrepreneur, community leader, and commercial real estate developer. Omar shares his journey from early bankruptcy to building a global steel fabrication business, then pivoting into real estate. He breaks down the impact of tariffs, the challenge of accessing capital, and the systemic barriers Black entrepreneurs face.

The conversation explores the power of failure, the importance of generational wealth, and the need for economic empowerment within the Black community. Omar discusses leveraging sole-source government contracts, building a 300-year family legacy plan, and fostering authentic business relationships. He also calls for a singular focus on economics before addressing other social issues and stresses the importance of teaching emerging technologies like AI to future generations.

 

Key Points

13:39 - Guest Intro 

15:07 - Going Bankrupt at 24 Years Old 

20:09 - What made Omar Pursue The Steel Industry

26:59 -  How To Secure Global Business Contracts 

30:28 - How Tariffs On The Steel Inspired Commerical Real Estate Development

46:58 - Politics and Economic Empowerment for Black Entrepreneurs

54:17 - The Singular Focus of Economic Empowerment

57:27 - Consulting for Black Business Growth

1:17:37 - Outro

 

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Keep Up With the Guest

Instagram - https://www.instagram.com/omarali_oaa/

Website https://omar-ali.com/

Get Business Consulting - https://stratosforgeconsulting.com/

 

Keep Up With the Hosts

David Bellard 

https://instagram.com/david_bellard

https://twitter.com/daviddagoliath_

 

Jalen Clark 

https://instagram.com/_jclark06

https://twitter.com/jefeklap