He's continued to grow his wealth by investing in real estate and co-founding MMG Media Group, which builds, buys, scales, and sells websites. "I don't want to be fully concentrated in index funds and owning websites and having a few real estate properties," he told Insider. Investing in niche websites and watchesSabatier subscribes to one of Warren Buffett's investing philosophies: Be fearful when others are greedy and greedy when others are fearful. "So it's an incredible time to be buying niche websites and optimizing them." He particularly likes buying websites because they're asset-light and relatively affordable.

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Persons: Grant Sabatier, He's, Sabatier, Warren Buffett's, everyone's, there's, Pete Davidson, Jack Kerouac's Rolex, Sabatier — Organizations: Business, MMG Media Group, Rolex Locations: American