Lifestyle
What makes Entrepreneur Fito Salume the go-to turnaround specialist

Starting a business is no cakewalk, especially if you are doing it from the scratch. A lot of time, energy, and money are invested in undertaking a new business. Understanding the market is the key to providing a product to the customer. In times like these, it is always a good idea to have a mentor who can guide you. Of course, you can always learn while on the job since experience is the best teacher, but learning from an established businessman like Fito Salume, who has over 50 companies, is a much better way to launch your career.
“The ability to think on your feet, make quick decisions, and finding instant solutions is indispensable for building and managing businesses. When you manage one company well, you can manage them all,” says Fito. He adds that he loves what he does, seeing it as a way to create a workplace that highlights the importance of one’s culture and respects others. “Motivation is crucial in any scenario, more so at a workplace. If you teach people to strive towards their potential at any cost, you are teaching them to be better than what they are at present,” said Fito. The trick, according to Fito, is in looking at the bigger picture and thinking long-term. Work slowly to build your experience and your company, thus ensuring that you can remove failure from the equation.
Fito is well-known in his tribe as the “business-builder.” He has a proven record of accomplishment of purchasing and heading staggering business and then turning them around into money-making endeavors. He purchased a 50% control in Spartan Chemical, Colombia about 3 years ago when the company was not doing as well. Since then, the company has seen an increase of more than 20% in sales and has become one of the largest companies for sanitizing chemicals. Fito has had similar success with companies like Limpius Ecotech, Mister Donut, and others.
It is more than just running a business for Fito, who has already overseen the running of several dozen companies. As a dedicated family man with six children, he has made it his mission to help the amateurs. Fito promotes the charities he has founded that help low-income families to get back on their feet.
http://www.netnewsledger.com/2020/10/26/an-exclusive-interview-with-serial-entrepreneur-fito-salume/
https://finance.yahoo.com/news/conversation-fito-salume-talks-entrepreneurship-192357250.html
Lifestyle
Derik Fay: The Quiet Power Broker Who Scales Empires and Empowers Generations

At 46 years old and standing at an impressive 6’1″, Derik Fay is more than an entrepreneur—he is the architect behind a network of thriving businesses and a digital mentor for thousands. His journey from a single neighborhood gym in Florida to holding stakes in over 40 companies spans decades of strategic vision, discipline, and authenticity.
From Modest Beginnings to a Marketplace Maven
Born on November 19, 1978, in Westerly, Rhode Island, Fay’s early environment offered little in the way of nepotism or crutches—but plenty of lessons. He dropped out of college after just one semester and embraced the grind. At just 22, with lean resources and fierce determination, he launched his first gym. That venture would eventually grow into Florida’s most successful independently owned fitness chain before being acquired by a publicly traded company.
This early win became the foundation for 3F Management, the private equity firm Fay launched post-exit. Today, 3F powers brands across sectors—from fintech and residential infrastructure to combat sports, entertainment, and beauty—each elevated through Fay’s hands-on approach to ownership and operational excellence.
Visibility as Strategic Leverage
Fay’s ascent into public consciousness was not staged. He built his online presence—now over 1.4 million followers strong—through honest, unfiltered takes on business, failure, leadership, and growth. His content resonates because it isn’t rehearsed; it’s earned. Followers tune in not for spectacle but for insight, often quoting “He doesn’t just invest—he builds your belief,” reflecting Fay’s authentic support.
Building Brands, Restoring Hope
Among his notable ventures is Bare Knuckle Fighting Championship (BKFC)—a testament to his willingness to enter unorthodox sectors with strategic clarity. In other less obvious arenas, Fay reinvigorated a faltering beauty company by pairing it with Hollywood cachet and narrative-driven marketing. In another case, an AI startup saw its valuation ascend tenfold in under a year after Fay contributed not only capital but also storytelling structure and vision.
Estimated Net Worth & Long-Term Vision
Although Fay maintains a discrete public profile, credible industry estimates place his net worth somewhere between $100 million and $250 million. This valuation comes from his diverse equity stakes, successful exits, real estate investments, and his firm’s consistent growth and reinvestment cycle.
Personal Life Anchored in Legacy
Off-screen, Fay is a devoted partner to Shandra Phillips (since 2021) and a hands-on father to two daughters: Sophia Elena Fay and Isabella Roslyn Fay. He’s more than a mogul—he’s a mentor. An embodiment of “If I can do it, anyone can,” his presence in DMs or quick coaching call is not rare, but intentional.
Rerouting the Model of Modern Wealth
Unlike today’s entrepreneurs who prioritize visibility and virality, Fay applies visibility as a lever—not an objective. He quietly scales, confident that his systems and culture will outlive the trends. He mentors, not performatively, but tangibly. For him, success isn’t a moment—it’s a long-term ecosystem amplified through structure, not spotlight.
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