Connect with us

CEO

Richard Schaefer Net Worth

Published

on

Richard Schaefer's Net Worth as of 2024
$20 Million

Richard Schaefer was born in Switzerland of Hispanic descent, and is an executive and businessman, probably best known for being the former CEO of the professional boxing promotion company Golden Boy Promotions. He also started his own boxing promotion company in 2016 called Ringstar Sports. He was previously involved in banking for various companies, but all of his endeavors have helped put his net worth to where it is today.

How rich is Richard Schaefer? As of early-2017, sources inform us of a net worth that is at $20 million, mostly earned through success in the boxing industry. He’s also earned a good amount of money from his real estate endeavors. As he continues his career, it is expected that his wealth will continue to increase.

Richard Schaefer Net Worth $20 million

Richard started his career in 1983, joining Swiss Volksbank which would become Credit Suisse. He attended the Swiss Banking School division of the Swiss Finance Institute, and after graduating would become the manager of the Los Angeles Swiss Bank office. In 1996, Swiss Bank took over UBS and Richard was placed at the head of operations in the western United States. A year later, he became the deputy CEO of UBS private banking operations in the entire country, overseeing trillions of dollars in assets. His net worth was steadily increasing thanks to these opportunities.

In 2000, he gave up banking and decided to join the newly created Golden Boy Promotions, headed by Oscar De La Hoya – according to reports, he joined the young boxer to help build a business empire. He managed fighters and would then transition to boxing promotion, helping organize high profile boxing matches. The company grew thanks to his efforts, and his net worth also increased dramatically. He also ventured into real estate, notably becoming part of a $70 million redevelopment deal alongside Oscar De La Hoya. However, he stepped down from his position in 2014, and two years later founded his own boxing promotion called Ringstar Sports. He had been with Golden Boy for 14 years before deciding to leave.

According to reports, he could not immediately start his own promotion because he originally had a non-compete clause which ended in 2015. He has since signed fighters including the brothers Carlos and Jose Balderas. He’s run fights including Jesus Cuellar versus Abner Mares and the featherweight rematch Leo Santa Cruz versus Carl Frampton.

For his personal life, it is known that Richard has been married to Lilia since 1994, and they have three kids; his wife is from Mexico. He’s mentioned that he doesn’t really earn as much from boxing promotion compared to real estate but he enjoys doing it. He later mentioned that one of the reasons he left Golden Boy was because of disagreements with De La Hoya. One instance was when there was an offer to sell Golden Boy and most shareholders were interested except for the retired boxer. He also disliked the fact that Oscar wanted to repair his relationship with promoter Bob Arum.

As the Managing Editor at NetWorthPost, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Billionaires

Mark Zuckerberg Net Worth

Published

on

Mark Elliot Zuckerberg was born on 14 May 1984, in White Plains, New York State USA into a Jewish family. He is known for making billions of dollars at a very young age. However, even if a lot of people are jealous and sceptical about Mark, they should admit that not only does he deserve all that he has, but also respect and admiration for being smart and inventive. He has created a virtual empire which we all acknowledge nowadays: is there anyone in the world who has not heard of Facebook!

So how rich is Mark Zuckerberg? According to Forbes Magazine and Bloomberg’s Billionaires list, Zuckerberg‘s net worth is estimated at $56 billion as of early-2017, making him the seventh richest person in the world, up from 15th just nine months earlier. What strikes as most comic is that Mark has a salary of only $1 dollar per year as CEO of Facebook, however, that doesn‘t stop him from being a self-made billionaire, now head of a company ranked in the 10 largest in the world, valued at $275 billion.

Mark Zuckerberg Net Worth $56 Billion

Mark was indeed an ‘A’ grade student, apparently excelling in many subjects when at Ardsley High School, ranging from physics to classics. However, above Mark‘s interest in computers stands his father. He introduced Mark to computers and wanted him to take an interest in them. Edward Zuckerberg taught his son Atari BASIC programming and later hired a software developer to train Mark privately once a week. According to David Newman, the above-mentioned tutor, the kid was unbelievably talented and soon left his teacher standing and breathless. When Zuckerberg joined the community of Harvard University, he already had a reputation as a programming genius, because “Facebook” wasn‘t actually the first convenient and useful program he had developed. His works, such as Synapse Media Player, CourseMatch and Facemash received a lot of attention and popularity. Still they cannot rate with Facebook.

Unsurprisingly, a person who begins a world-wide revolution of communication faces a lot of problems, difficulties, intrigues and scandals. Mark was accused by his former friends, the Winklevoss twins, Cameron and Tyler, of stealing their ideas. The brothers actually dreamed of building a connection between all the students of Harvard University. As we all know now, Mark improved this idea by enlarging the range of people who were allowed to use this social network. So, the accusations were at least true in part and Zuckerberg was forced to give away 1.2m Facebook shares to them. Thus there‘s always a bright side of things – the company that Mark set up has made a lot of people wealthy, not just him alone.

Regardless, according to Vanity Fair magazine, Zuckerberg was the most influential person of the Information Age in 2010. That‘s surprising because a year before he ranked only at number 23 on the same list. What‘s more, not only does Vanity Fair consider Mark as the world‘s most influential in this relatively new industry, but also New Statesman. In 2010, they ranked him as number 16 in the top 50 of the world’s most important figures. “Facebook” is considered to be the biggest social networking website on the planet, used by people of all ages, sex or nationality. Zuckerberg is respected because all he had to create such a network were his ideas and fingers that instinctively knew what to press on a keyboard.

Even though Mark Elliot Zuckerberg lost all of his friends and it doesn‘t seem that he‘s ever going to regain them, he at least has a reliable source of income – Facebook, of course. All the other similar companies that Facebook has obtained recently such as Instagram, WhatsApp, and some more must also be taken into account.

In his personal life, Mark Zuckerberg married Priscilla Chan in 2012, having met her originally in 2002. Aside from his career, Mark is a noted philanthropist, particularly to educational projects. In 2010, he joined with Bill Gates and Warren Buffett in promising to donate half of his wealth to charity over time. In 2013 he donated shares valued at $990 million to the Silicon Valley Community Foundation, and the following year $25 million towards combating the ebola disease.

Continue Reading

Billionaires

Frank Lowy Net Worth

Published

on

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.

Continue Reading

Recommended

Luxury5 days ago

Serena Williams Takes Home $426,000 After Winning Rogers Cup

Serena Williams is still one of the most feared female tennis player on the planet. Just last week, Serena continued...

Luxury5 days ago

$8637 Per Hole So Far For Tiger Woods

The news that Padraig Harrington created $8637 per hole so far this season is fairly astounding. It is a man...

Entertainment5 days ago

Grey’s Anatomy Recap: Richard Makes A Shocking Confession

It’s all aboard the battle bus for almost all of the physicians at Gray Sloan Memorial. From babies to examinations,...

Celebrity Money5 days ago

Charlie Sheen Gives $12000 for Paparazzi Funeral

Former Two and a Half Men star donated $12,000 for the funeral expenses of the paparazzo who was killed while...

Beauty5 days ago

Lohans Half Sister Spends $25000 on Surgery to Look like Lindsay Lohan

How much would it cost to appear just just like Lindsay Lohan? Lindsay’s halfsister, Ashley Horn, invested $25,0000 on plastic...

Biographies5 days ago

Top 10 Biggest Economies in the World 2013

They are the world-wide economic heavyweights this year, estimated to be having the current largest economies on the planet. Here’s...

Companies5 days ago

BlackBerry Expected to get $500 Million Tax Refund

BlackBerry is poised to get a huge tax break. Within the 2nd quarter of FY 2014, BlackBerry posted a tax...

Biographies5 days ago

Cristiano Ronaldo buys $1.3 Million Ferrari

Ferrari, the topnotch auto company in Italy, has declared that 499 LA Ferrari models seen in state were sold-out. But,...

The Biggest5 days ago

The Biggest Shipping Companies in the World

Shipping is an extremely vital industry that most people are not aware of. Perhaps you have wondered how exotic fruits...

Biographies5 days ago

10 Poorest Cities in North America

Its economic recovery is taking a very long time, what with all of the other hurdles the nation and the...

Trending