How rich is Lorne Abony?
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Lorne Abony Net Worth, Wiki & Biography in 2017
Lorne Abony was born on the 26th August 1969, in Toronto, Ontario Canada, and is a businessman and entrepreneur, best known as the CEO of FastForward Innovations, Ltd, the owner of the Orange County Breakers, and founder of Vemo Education and Schoold. Abony’s career started in the mid- ‘90s.
Have you ever wondered how rich Lorne Abony is, as of mid- 2017? According to authoritative sources, it has been estimated that Abony’s net worth is as high as $300 million, an amount earned through his successful career as a businessman.
Lorne Abony Net Worth $300 Million
Lorne Abony grew up in Toronto and went to McGill University in Montreal, where he earned his Bachelor degree, and then studied at the University of Windsor law school, graduating in 1994. Soon after, Abony began working in securities and corporate law at the Toronto firm Aird & Berlis, but left after two years to concentrate on an entrepreneurial career.
In 1998, Lorne founded the online pet-supply business called Paw.net in San Francisco, and was also the initial president of the company that changed its name to Petopia.com, raised over $114 million in financing, and then was sold in 2001 to Petco. A year later this boost to his net worth, Abony and Andrew Rivkin co-founded the Columbia Exchange Systems Software PLC and then renamed it to FUN Technologies. FUN raised over $11 million in 2003 and then an additional $56 million from AGF Management, the Ontario Teachers Pension Fund, and Fidelity Investments. Thanks to Abony’s sense for business and equity financing, FUN raised over $160 million in three years; the Colorado-based Liberty Media bought most of the FUN Technologies stock in 2005, while two years later, they acquired the rest and completed the sale of the company that was valued at C$500 million.
Abony’s next endeavor was as the CEO of Mood Media Corporation, the company that provides in-store media to almost 600,000 locations on the planet, and has such clients as Nike, Hilton Hotel, H&M, Abercrombie & Fitch, McDonald’s, Gucci, and AT&T. At the moment, the Mood Media has over 2,700 employees in 48 countries, and its value is approximately $176 million. Lorne is also an owner of the Orange County Breakers, a team which competes in the professional World Team Tennis league.
Abony appeared in an episode of the Primetime Emmy Award-nominated TV show called “Undercover Boss” in 2013, and then in early 2015 he founded Vested Finance, an education finance company. After some time, he formed two companies out of one, named them Vemo Education and Schoold, and at the moment serves as the non-executive chairman of both of them. In January 2016, Abony became the new CEO of Fast Forward Innovations, Ltd., the company which includes Leap Gaming, Pulse Flow, SatoshiPay, Factom, Intensity Therapeutics, Schoold, Yooya Media, and Vemo Education. His net worth continues to rise.
Regarding his personal life, Lorne Abony is married to Wendy. He is a huge tennis lover and competitive player, who was a member of the Team Canada men’s tennis team.
He is a big philanthropist and charitable worker who has donated millions to various organizations such as $250,000 to Israel Tennis Centers, $500,000 to The Weiss School, $250,000 to the Abony tennis center, and $500,000 to BostonSight, all that in the period between 2010 and 2014.
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