Skip to Content

Bob Proctor Net Worth and How He Built His Empire

In this article we will talk about Bob Proctor net worth, how he achieved it and the most inspiring lessons from his life.

Who Was Bob Proctor?

Bob Proctor was a world-renowned entrepreneur, mentor, and motivational speaker. He was the author of multiple best-selling books that changed the lives of millions of people. 

Early life

Bob Proctor was born on July 5, 1934, in Ontario, Canada, where he also grew up.

Not much is known about his family, as Proctor wanted to keep this information away from the public. 

The highly respected author speaker was dealing with a poor self-image when he was very young, and he didn’t have much ambition.

Proctor left his high-school studies at Danforth Tech, struggling for quite some time to get a job with a promising future. 

His death

The author passed away in February 2022 at the age of 87 and left a lot of wisdom in this world thanks to his teachings and ideas about personal growth and success.

Bob Proctor Net Worth and How He Achieved It

Bob Proctor net worth was estimated to be $25 million before he passed away.

While most of his wealth came from selling his books, the famous author often worked as a counselor, advisor, and public speaker. 

Early career

Proctor used to work in various jobs as he didn’t have a solid plan for the future in his early years.

While he was working at the fire department, his co-worker shared a book with him, which later on changed his views on life. 

Think and Grow Rich was a book written by the author Napoleon Hill and was based on the author’s study about the most successful people of his time.

This book motivated Proctor to transform his life and become a successful life mentor.

After he decided to change his life, Proctor opened a small company specializing in cleaning services which became very successful.

He reached success even though he didn’t have business training which inspired him to do big things with the help of self-improvement.

The Nightingale-Conant institute 

Inspired by his success with the company, Proctor joined the Nightingale-Conant, a widely-known organization for business strategy and personal development programs founded by two life coaches, Earl Nightingale and Lloyd Conant, in 1960.

Under the mentorship of the coaches, Proctor started giving speeches and inspiring people to manifest success and wealth by adhering to the principles of the organization.

He quickly became a respected mentor in the field of self-improvement.

Recommended read: 10 Positive Money Affirmations to Attract Wealth and Abundance

The Proctor Gallagher institute 

Using the knowledge he gained, Proctor opened his own personal development company in 1973.

He became an influential life mentor and speaker on human potential and development, self-reflection, and reaching success. 

In 2006, the attorney Sandy Gallagher attended one of Proctor’s seminars and partnered with him, making the company a global success. 

Published books 

Bob Proctor’s books became international bestsellers, inspiring many people to make life-changing decisions.

In 1984, he released his first book, You Were Born Rich, which spoke about how everyone possesses specific skills and potential to become successful and live a comfortable life.

Other famous books by the Canadian self-help author include:

  • Change Your Paradigm, Change Your Life 
  • 12 Power Principles for Success
  • The Secret of the Science of Getting Rich
  • The Art of Thinking 

More about his career

Proctor’s book You Were Born Rich caught the attention of the writer and producer Rhonda Byrne, who made a documentary film in 2016.

The film was based on the “Law of Attraction” theory, which Bob Proctor firmly believed in.

How Did Bob Proctor Make Money?

Bob Proctor made most of his money by selling copies of his books and was a respected motivational speaker at various conventions. 

In 2008, the author started a YouTube channel called Proctor Gallagher Institute, through which he also earned money.

There he posted his motivational speeches and explained his beliefs. The channel now has over 1.61 million subscribers. 

Key Takeaways From Bob Proctor’s Success

Pay attention to what you want to do

Bob Proctor was a prominent figure in personal growth and development. As mentioned several times above, his ideas and teachings have influenced millions of people worldwide.

He wanted them to reach their full potential, motivating them to make necessary changes in life and, as a result, live a happy and fulfilled life.

Proctor believed that the first step toward success was making a plan and building a way toward it.

Proctor said we should make our dreams a priority and work towards them until they become a reality. 

Recommended read: Dean Graziosi Net Worth in 2022 & How He Built His Empire

Become confident in yourself 

Another valuable lesson from the Proctor is that we should be aware of our talents and abilities. 

We should have more faith in ourselves so that we can achieve the things we truly desire.

Many people have self-doubt when faced with criticism. And this is why according to Proctor, these people need to work on their confidence.

The author used to say that the best reaction to criticism is a calm response. 

He advised that we should look for a solution but never get discouraged by the words of others. Because they can easily refrain us from reaching our goals. 

According to the life mentor, becoming aware of the blessings we possess is crucial for success. 

Recommended read: Think and Grow Rich Book Summary

Overcome fears and make your dreams a priority

A key lesson from Proctor’s teachings is that we should never be afraid to fail.

Fear is what refrains us from living our best life.

If at any point we fail, we need to accept our failure and learn from it.

We should also make the most of our precious time and not waste time on things that are not beneficial for us. 

Proctor believed that we are all capable of doing anything we desire if we set our minds to it.

Recommended read: Ben Crump Net Worth and How He Built His Fortune