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Michael Fux Net Worth, Biography & Wiki 2017
Michael Fux was born in Cuba; the date of his birth is unknown. He is an American businessman and entrepreneur, who is probably best recognized for being not only the founder of Comfort Revolution, LLC, but also the company’s CEO. He is also known for founding Sleep Innovations, Inc. and being the Director of Miami Children’s Hospital, Inc.
So, have you ever wondered how rich Michael Fux is, as of early 2017? According to authoritative sources, it has been estimated that Michael counts the total size of his net worth at the impressive amount of $200 million, accumulated through his successful involvement in the business industry.
Michael Fux Net Worth $200 Million
Michael Fux spent one part of his childhood with his brother in Cuba, and when he was 15 years old, he moved with his family to Newark, New Jersey, US. At the beginning of their new life, they had a lot of problems, such as living in one bedroom with little money. So, Michael began to work various jobs as a teenager, including at a local car repair shop. Parallel with that job, he established his own used tire and battery shop, which led him to other business ventures.
At the age of 20, Michael became an active member of the business industry, as he was hired by Sears, where he quickly rose from the seller of automotive supplies to the position of the company manager. This marked the beginning of an increase of his net worth. Soon, he was appointed to the position of the Vice President of Hecht Co., which was based in Washington, D.C. At last, he quit these jobs in order to launch his own company, and during the first year of his business, he earned over $72 million in sales of zippered blankets that envelop the whole body. Although he went bankrupt in no time, that didn’t stop him pursuing further his career.
Thus, right after that, he went on to work as a carpet buyer at the Broadway Department Store in Los Angeles, California, and subsequently he established MFA Marketing, which increased not only the profit of his company, but also his net worth. In 1985, he became involved in the bedding industry as he started working at BioClinic. Moreover, in 1996 Michael established his own company called Sleep Innovations, which added a considerable amount to his net worth; he sold the company in 2005.
To speak further about his career, Michael launched another company called Comfort Revolution in 2011, which is headquartered in West Long Branch, New Jersey. He is also the CEO of the company and a leading developer, which has increased his net worth by a large margin.
Regarding Michael Fux’s personal life, there is no information about it in the media, except that he is an avid fan of cars, owning the impressive collection of over 150 vehicles. Beside that, Michael is very active as a philanthropist, as he founded the Michael Fux Foundation and works currently as the Director of Miami Children’s Hospital, Inc. Beside that, he collaborates with other charitable organizations, including the Breast Cancer Research Foundation, the Children’s Cancer Caring Center, among many others.