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David A. Siegel Net Worth

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David Alan Siegel's Net Worth as of 2024
$500 Million

David Alan Siegel was born on 3 May 1935, in Chicago, Illinois USA, to Sadelle and Sid Siegel, of Jewish descent. He is a businessman, best known as the founder, president and CEO of a national timeshare company, Westgate Resorts Ltd., but also for starring in the documentary “The Queen of Versailles”.

A famous entrepreneur, how wealthy is David Siegel? According to sources, in mid-2016 Siegel has amassed a net worth of over $500 million, his wealth having been established through his various business ventures. His assets include a famous Versailles house, and a 90,000 square-foot estate in Florida which is still under construction, which once finished is expected to be estimated at over $100 million, supposedly the fourth most expensive home in the USA.

David A. Siegel Net Worth $500 Million

Siegel was raised in a Jewish middle-class family who owned a grocery business. In 1945 his family moved from Chicago to Miami, where he attended Miami Senior High School. After matriculating in 1953, he enrolled in the University of Miami to study marketing and management, but eventually dropped out of college and pursued a career as a real estate broker.

In 1970 Siegel founded a real estate development company called Central Florida Investments Inc.. Over the years, the company’s success grew, and today it represents the largest privately owned company in the Central Florida area, with Siegel serving as its CEO.

In 1982 he founded Westgate Resort at Westgate Vacation Villas, which has since functioned as a subsidiary of Central Florida Investments, Inc.. The company saw enormous success, now comprising 28 resorts in the USA. Its holdings include Westgate Lakes Resort & Spa, Westgate Towers, Westgate Smoky Mountain Resort & Spa, Westgate Flamingo Bay, Westgate Park City Resort & Spa, Westgate River Ranch and Westgate Historic Williamsburg, among many others. In 2014 the company purchased Las Vegas Hotel & Casino, the Cocoa Beach Pier and the Orlando Predators football team. Its most recent addition has been the Wild Bear Inn in Tennessee. Westgate Resorts/Central Florida Investments Inc. have evolved into one of the largest privately-owned timeshare companies in the world, employing more than 10,000 workers around the USA. Since the company was formed, Siegel has remained its President and CEO.

Aside from the Westgate Resorts, Central Florida Investments, Inc. manages condominiums, real estate, constructions, hotels, apartments, insurance, magazines, travel services, retail, telecommunications, and various other businesses. Its properties are located in Florida, Utah, Tennessee, Nevada, Virginia, Missouri, Mississippi and South Carolina. As the owner of such successful businesses, Siegel has established himself as an important figure in the industry, and enabled himself to amass a considerable net worth.

His hard work and success has also brought him numerous honors and awards. He was recognized as Entrepreneur of the Year for the State of Florida, and finished second in the “Entrepreneur of the Year” national competition. He has also received the National Community Service Award from the American Resort Development Association and an honorary doctorate from Florida A&M University for his work in community service.

In 2012 Siegel starred in the documentary “The Queen of Versailles”, along with his wife Jackie Siegel, portraying the couple’s building of their Versailles home, as well as the financial downfall they faced during the Great Recession.

In his personal life, Siegel has married three times. In 1961 he married Geraldine Sanstrom, with whom he has three children. After their divorce in 1968, he married Bettie Tucker in 1970, and they also have two children. In 1997 Siegel divorced Tucker, and married Jacqueline Mallery in 2000. The couple has eight children together, including Jackie’s two daughters from her previous marriage. One of their daughters died of drug addiction in 2015.

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Siegel is a dedicated philanthropist; he founded the Westgate Resorts Foundation, which raises around $3 million per year for numerous charities.

However, the entrepreneur has also been involved in controversy. In 2008 he had a sexual harassment lawsuit filed against him by one of his employees. He also caused controversy in 2012, when he sent an email to all of his employees, attempting to persuade them to support the Republican Party candidate Mitt Romney.

Also in 2012, Siegel sued the producer of “The Queen of Versailles”, Lauren Greenfield, for defamation in connection with his financial affairs, which was dismissed, as was a subsequent lawsuit against the actual filmmakers.

Started with Net Worth Post in September 2014. Before that, Senior Writer at Creative Horizons. Earned a Journalism degree from Northwestern University.

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Actors

Jeff Beitzel Net Worth

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Jeff Beitzel was born in the United States of America, and was a businessman and reality television personality, best known for establishing several successful automotive companies such as Quantum Fuel Systems, of which he was the COO, and also for starring in the reality show “The Real Housewives of Orange County”. All of his efforts helped put his net worth to where it was prior to his passing.

How rich was Jeff Beitzel? As of early-2017, sources inform us of a net worth that was at $3 million, mostly earned through the success of his numerous companies. He helped create and expand several automotive businesses, serving in high positions in them. He reportedly earned a salary of $725,000, but all of his achievements ensured the position of his wealth.

Jeff Beitzel Net Worth $3 million

Jeff attended Lehigh University, and would graduate with a degree in mechanical engineering. After his studies, he started working at the Ford Motor Company, and after gaining a lot of experience, he began establishing his own automotive businesses, which included Quantum Fuel Systems Technology; the company focuses on fuel storage, fuel efficiency, and natural forms of fuel. Beitzel eventually rose up to become the COO of the company in 2005. Other groups he worked for include Tecstar Automotive Group (formerly Starcraft Corp.) and Powertrain Integration. He served as the Co-Chief Executive Officer of Tecstar and was the president of Tecstar subsidiaries, as well as the President of Powertrain Integration. Quantum Fuel Systems eventually merged with Tecstar, but Powertrain Integration on the other hand focuses on powertrain solutions including highway systems, alternative fuels, and other services. Thanks to all of these endeavors, his net worth continued to increase.

Jeff eventually became engaged to reality television star and businesswoman Gretchen Rossi. Since then, he started appearing in the hit reality TV show “The Real Housewives of Orange County”, which helped somewhat in increasing his net worth further. The show started in 2006 airing on Bravo TV, its premise being to show the professional and personal lives of several women residing in Orange County. Rossi started appearing in the show during the fourth season, and Jeff started getting featured on the show when they became engaged. The show also featured his battle with leukemia.

For his personal life, it is known that Jeff was married five times before becoming engaged to Rossi; he passed away in 2008 from leukemia. After his death, his ex-wife and three children started challenging Rossi in the press, claiming the Beitzel never really intended to marry her. The issue was also brought out because it was reported that Jeff left Gretchen several million dollars in his estate. Despite this, Rossi has shrugged off most of the statements against her and even dedicated a social media post to Jeff during the anniversary of his death. She’s also reported to have spent time with his kids, even amidst rumors of infidelity during their relationship. One of Jeff’s children has commented that all the publicity didn’t really matter, because in the end his father loved Rossi.

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Billionaires

Gautam Adani Net Worth

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Gautam Shantilal Adani was born on the 24th June 1962, in Ahmedabad, Gujarat, India and is a businessman, widely known as a founder and the chairman of the multinational conglomerate Adani Group. Adani has been active in the business of coal mining and gas distribution since 1988.

How much is the net worth of Gautam Adani? It has been estimated by authoritative sources that the overall size of his wealth is as much as $8.8 billion, as of the data presented in the middle of 2017. Adani Group is the main source of Adani’s fortune.

Gautam Adani Net Worth $8.8 Billion

To begin with, the boy with his seven siblings, was raised in Ahmedabad by his parents Shanta and Shantilal Adani. He was educated at the Sheth Chimanlal Nagindas Vidyalaya school, then entered Gujarat University to study commerce, yet he dropped out.

Currently, the billionaire Gautam Adani owns the largest brand of oil in India. The company was founded in 1988, with Gautam the founder and current president. He said he created his Group with a vision of Nation Building, that is to say by developing assets that he believes are important economic issues for the country. The Adani Group has grown rapidly by diversifying into import – export – it opened its own port in Mundra, to better control its trading operations. Construction began in 1995 and in 1998 it became one of the major sources of foreign exchange for India.

The following year, the company embarked on financial and energy speculation with coal trading, and soon created a joint venture (Adani Willmar) in the field of petroleum products trading in 2000. A second phase began for the group with the creation of large infrastructures. The company created a portfolio of ports, power stations, mines and a fleet of ships and railway lines in and out of India. In 2006, the company became the largest importer of coal in India – 11 million tons. Adani sought to be less dependent on the coal market, so he started to buy and control coal mines. Thus, he bought the Australian group Linc Energy, in order to supply the group’s coal-fired power stations. In 2008, he bought the Bunyu mine in Indonesia , with 180 million tons of coal reserves, and the following year, Adani Group became an energy company, producing 330 MW of thermal energy. In 2011, the group also decided to buy the exploitation rights of a large part of the Galilee coal basin in Australia. To prepare for the import of Australian coal, he ordered a large-capacity coal terminal at Mundra (the largest in the world) and in the same year he bought the Australian port of Abbot Point. This project is yet to come to fruition.

In 2012, the Group began a 3rd phase of development as integration infrastructure, renewing its logo and developing a new identity. The company focuses on three areas: resources, logistics and energy. Subsequently, under the direction of Gautam Adani, the Adani Group became a multinational conglomerate active in the production of electricity – especially through coal – and port terminals, logistics and agribusiness. It is India’s largest developer and port operator. The Group is the major source of Gautam Adani’s net worth.

Finally, in the personal life of Gautam, he is married to Priti and they have two children.

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Billionaires

Frank Lowy Net Worth

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Frank Lowy was born on the 22nd October 1930 in Fiľakovo, now Slovakia, of Jewish origin and is an Australian entrepreneur. Lowy founded and led the Australian retail company the Westfield Group. According to US Forbes Magazine, Lowy is one of the richest Australians, having been active in business since 1952. Lowy was also the president of the Football (soccer) Federation of Australia from 2003until 2015.

How much is the net worth of Frank Lowy? It has been estimated by authoritative sources that the overall size of his wealth is as much as $5.1 billion, as of the data presented in the middle of 2017 Westfield Corporation is the major source of Lowy net worth. It should be noted that Frank has been listed in Financial Review Rich List every year since 1983. In 2010, he became the richest person in Australia with the estimated net worth of A$5.04 billion at the time.

Frank Lowy Net Worth $5.1 Billion

To begin with, the boy was born in Slovakia, but lived in a ghetto in Hungary in the time of World War II. In 1946, he managed to escape and reached France, where he boarded a ship and wanted to reach Palestine, but was caught and detained by the British in a camp in Cyprus. However, he managed to serve in the Jewish paramilitary organization Golani Brigade, and participated in the Israeli – Arab War in 1948.

His family was based in Hungary and had a small business, and in 1952, Lowy joined them and they all migrated to Australia. In 1960, he founded the company which is currently entitled Westfield Corporation Limited, in Sydney, Australia, developing shopping centers which even operated in the US from 1977. The company continued to specialize in shopping centres, and the Westfield Group now owns and operates shopping centres in Australia, New Zealand, the UK and the US. All the shopping centres are advertised with the brand Westfield or Westfield Shoppingtown. Those have added significant sums to the overall size of Frank Lowy net worth.

From the beginning of the company until 2010, Lowy held the position of executive chairman of the Westfield Group; currently, he serves as the non – executive chairman. From 2008 to 2010, he and his company became the focus of a US tax investigation, after Swiss and Liechtenstein accounts were discovered – no wrong-doing was discovered.

Additionally, he served as the director of the Reserve Bank of Australia from 1995 to 2005. Significantly involved in the development of soccer in Australia, Lowy was the president of the Football Federation Australia from 2003 to 2015, succeeded by his son.

He was appointed a Companion of the Order of Australia in 2000, and in 2005, Lowy received the Woodrow Wilson Award for Corporate Citizenship. Several years later, the businessman was honoured with the Henni Friedlander Award, among a number of other awards and honours.

Finally, in the personal life of Frank Lowy, he is married to Shirley Lowy, who he met in 1951. They have three sons: Peter, Steven, and David who took over the lead of Westfield. Currently, Frank resides in Point Piper, Sydney, Australia. Since 2003, he is also owner of the mega-yacht Ilona. It is Lowy’s fourth yacht, and he has travelled around the world four times. However, the family is involved in philanthropy too, with a particular interest in cancer research and treatment.

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