Bruce Partick McNall was born on the 17th April 1950 in Arcadia, California USA, and is a businessman and sports executive, known to the world for owning 49% of the Los Angeles Kings of the National Hockey League (NHL) in the late ‘80s, and also owned the Canadian Football League club the Toronto Argonauts from 1991 to 1994. However, he also became known to the world for spending over four years in prison for fraud and conspiracy.
Have you ever wondered how rich Bruce McNall is, as of mid- 2017? According to authoritative sources, it has been estimated that McNall’s net worth is as high as $3 million, earned through his successful careers. He has also worked as a film producer too, and owned thoroughbred race horses in the past, which also contributed to his wealth.
Bruce McNall Net Worth $3 Million
Bruce’s upbringing has remained unknown in the media and nothing about his life before becoming successful businessman is made available to the public. Though he claimed that he graduated from Oxford, later it was revealed to be a lie.
He was a coin collector in his early career days, and earned his first fortune, although it was later revealed that he smuggled coins from foreign countries. Nevertheless, he was slowly building his empire, and during the ‘80s and early ‘90s enjoyed fame and fortune, before it all started to fall apart.
He started as a film producer in the ‘80s with such films as the sci-fi thriller “War Games” (1983), starring Matthew Broderick, Ally Sheedy and John Wood, then the crime-drama “Wisdom”, with Emilio Estevez who wrote and directed the film, and Demi Moore. He was also producer of the film “Weekend at Bernie’s” in 1989. He continued his work as producer until the early ‘90s and his demise, but then returned to producing in the mid- 2000s, and since then has worked on such films as the romantic thriller “Asylum” (2005), mystery thriller “Night Train” (2009), and action thriller “Beatdown” (2010), with Dany Trejo, Eric Balfour and Rudy Youngblood in the lead roles. All of these creations increased Bruce’s net worth, and put him back on his feet after his financial struggles.
Back in 1986, he bought 2% of the Los Angeles Kings from Jerry Buss, and the following year increased his stake by 24% to become the majority owner of the NHL franchise. Immediately in 1988, he bought the remaining shares that Jerry Buss owned, having already become the president of the Kings. 1988 Bruce struck the sports world by acquiring Wayne Gretzky from the Edmonton Oilers for a massive amount in those days of the NHL – he sent Jimmy Carson, Martin Gelinas then three first-round draft picks and $15 million in the trade, and with Gretzky, the Kings got also Marty McSorley and Mike Krushelnyski. He gave Gretzky a $3 million per year contract, which largely effected the Kings’ finances, but thanks to their successful performance in the league, they managed to compensate their losses.
Unfortunately, after Bruce failed to make a payment for a $90 million loan, he was forced to sell the Kings which happened in 1994 – though he no longer owns the franchise, Bruce is still the president and governor. He also owned the CFL franchise the Toronto Argonauts which he bought with the help of Wayne Gretzky and actor/comedian John Candy, until 1994 when it fell into debts of more than $20 million.
Regarding his personal life, in late 1994 he admitted that he had defrauded six banks for around $235 million over ten years, and as a result, he was sentenced to 70 months in prison, but his fine was decreased by 13 months and he was out in 2001.
When it comes to his most intimate details, Bruce was married to Jane Cody, with whom he has two children.
