from billionaire to broke John Foley's Financial roller coaster is a cautionary tale John Foley the co-founder of pelaton once rode high on the pandemic boom but when pelon's success nose dived post pandemic so did foy's Fortune his wealth tied to pelon's stock evaporated forcing him to sell luxurious properties in the Hamptons and Manhattan Foley admitted he lost nearly everything it's a stark reminder of the risks when personal wealth is tied to a single company but here's where the story story takes a turn despite the setback Foley remains undeterred he's already launched a new Venture called ernesta specializing in custom rugs Foley aims to achieve substantial Cash Flow by the end of the decade proving that even after a dramatic fall the entrepreneurial Spirit can rise again so next time you face a tough break remember John Foley's story success isn't about Never Falling it's about Rising every single time you do