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Carroll Shelby Net Worth

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Carroll Hall Shelby's Net Worth as of 2024
$40 Million

Carroll Hall Shelby was born on 11 January 1923, in Leesburg, Texas USA, to Eloise and Warren Hall Shelby. He was an automotive designer, racing driver and entrepreneur, best known as the developer of AC Cobra and Shelby Mustangs performance cars. He passed away in 2012.

A famous race car designer, how wealthy was Carroll Shelby? Sources state that Shelby had acquired a net worth of over $ 40 million, up-dated as of mid-2016, established through his involvement in the race car industry. His assets included homes in LA and Las Vegas, a ranch in Pittsburg, Texas, small vintage planes and a number of cars, including his original Cobra.

Carroll Shelby Net Worth $40 Million

During his childhood, Shelby suffered heart problems, which caused him to spend much time in bed. After matriculating from Dallas’ Woodrow Wilson High School in 1940, he was enlisted in the US Army Air Corps during the World War II, serving as a flight instructor and test pilot, eventually reaching with the rank of staff sergeant.

Shelby began his racing career in the early 50s by competing in SCCA road racing events with borrowed sports cars. His skillful racing led him to be offered a drive for the Aston Martin, Maserati and Formula One teams. He appeared at a number of World Championship and non-championship events, taking the Le Mans victory in 1959 and the USAC championship in 1960. However, later that year he retired from racing, due to his heart condition, but with a healthy net worth.

In 1961 Shelby opened the Shelby School of High Performance Driving, and then Shelby American Inc. the following year. The company focused on manufacturing performance cars and related products. In collaboration with AC Cars of England and the Ford Motor Company, he built the legendary AC Cobra, an Anglo-American Ford-powered sports car, going on to build the 427 Cobra Roadster and the Cobra Daytona Coupe. In collaboration with Ford, he launched the Shelby Mustang GT350, Shelby GT500, Shelby GLHS and was involved in the development of the legendary Ford GT-40 series cars. Shelby soon became a sought-after constructor, producing vehicles for several companies. His net worth was certainly boosted.

Aside from manufacturing and marketing the sports cars, Shelby American also participated in racing, winning numerous events, including the World Championship in 1965.

In 1982 Shelby began his collaboration with Chrysler, creating performance cars based on Dodge products, such as the 1984 Dodge Omni GLH and the famed Dodge Viper, which greatly intensified his wealth.

In 1998 he formed Carroll Shelby Licensing, a subsidiary company based in Nevada. In 2003 Shelby American company went public, changing its name to Carroll Shelby International. At the same time Shelby launched Shelby Automobiles, another subsidiary company manufacturing vehicles and parts.

Shelby resumed his collaboration with Ford again in 2004, developing models such as Ford Shelby Cobra Concept, Ford Shelby GR-1 and Shelby GT500, improving his net worth once again. He also partnered other companies to continue the development of the Shelby Mustang-based cars such as the GT350SR and “Eleanor”.

Aside from his involvement in the performance car industry, back in the ’60s Shelby marketed a men’s deodorant called Carroll Shelby’s Pit-Stop… a Real Man’s Deodorant and created his own chili mix, marketing it internationally as Carroll Shelby’s Original Texas Brand Chili Preparation. All added to his wealth. Shelby’s career brought him numerous awards and honors, including induction into the Automotive Hall of Fame and the International Motor Sports Hall of Fame.

In his personal life, Shelby was married several times. His first marriage was to Jeanne Fields, and lasted from 1943 to 1960; they had three children together. Shelby married actress Jan Harrison in 1962, but the marriage was annulled the same year. His last marriage was to English woman Cleo, who he married in 1997 and lived with until his death. After suffering from a heart ailment for a long time and undergoing a heart and kidney transplant, a race car legend died in 2012, being aged 89.

Shelby was involved in philanthropy too; he founded the Carroll Shelby Children’s Foundation, providing financial help to children with heart disease. The entrepreneur has also frequently been involved in controversies, such as his legal battles with Ford and several other companies over licensing disputes, including with Denice Halicki, widow of “Gone in 60 Seconds” creator H.B. Halicki, who sued Shelby for using the name “Eleanor”, the Mustang in the movie.

As the Managing Editor at Net Worth Post, 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.

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Businesspersons

Charles Saatchi Net Worth

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Charles Saatchi is one of the richest and best known businessmen in the world and one of many millionaires. Saatchi’s overall net worth has been stated to be $100 million for 2014. Charles Saatchi was born in Baghdad, Iraq, but later had to move together with his family to London, UK to avoid the persecution of Jews in his home country. He was the second son in the family of four kids. As a teenager Charles was really interested in American pop culture and studied at the London College of Communication. After graduation he began his professional career as a copywriter working for “Benton & Bowles” and later started to work in tandem with an art director, Ross Cramer, and together they formed their own company called “CramerSaatchi”.

Charles Saatchi Net Worth $100 Million

They were successful and took-on employees John Hegarty and Heremy Sinclair, but true success came to Charles later. In 1970 Charles Saatchi started his business together with brother Maurice: they established “Saatchi & Saatchi” agency which had become the largest advertising agency in the world by the mid-80’s with just a huge number of high-profile clients like UK Prime Minister Margaret Thatcher and British Airways. However, Charles and Maurice left the agency and together founded another one called “M&C Saatchi”. They took many of their important clients with them, and one of these was British Airways. Nowadays, thanks to his prosperous business, Charles Saatchi has a net worth of $100 million dollars.

To the rest of the world Saatchi is also known as one of the most famous modern art collectors. He purchased his first art work in 1969 –  by Sol LeWitt,  a minimalist from New York. His passion for paintings only grew, and in 2009 he even published the book “My Name Is Charles Saatchi And I Am An Artoholic” wherein the author answered many questions and even gave some advice about collectibles. But the book didn’t become as popular as Saatchi expected, so the author asked his personal assistant to buy a huge number of books to help his work hit some positions in bestseller charts. Later in 2009 Saatchi appeared on the BBC program “School of Saatchi” and gave many young artists a perfect opportunity to show their talent and showcase artworks: some artists even painted portraits of Saatchi himself. In July 2010 Charles Saatchi donated his Saatchi Gallery to the British public together with 200 works of art.

Saatchi’s personal life has never been very public, but he married his first wife in 1973. He had met Doris Lockhart Dibley in 1965 while working for “Benton & Bowes”. The couple lived together for the six years before marrying, but divorced in 1990.  Saatchi’s second wife was Kay Hartenstein to whom he was married from 1990-2001, and they even had a daughter together. Then Saatchi married for the third time in 2003, to English journalist, food writer, gourmet and television personality Nigella Lawson, but after public disagreements, were divorced 2013.

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Mikey Teutul Net Worth

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Michael Joseph was born 26 November 1978, in Montgomery, New York State USA, and widely known as Mikey Teutul, is a reality television personality, the youngest son of Orange County Choppers founder Paul Teutul, Sr. Mikey began his working life at 14, in the family business.

So just how rich is Mikey Teutul, as of late 2017? Authoritative sources estimate that Mikey has a net worth of over $3 million dollars, largely earned  by working at his father’s and older brother Paul Jr,’s company Orange County Choppers (OCC), and Orange County Iron Works, and through his TV appearances.

Mikey Teutul Net Worth $3 Million

Little is known of Mikey’s early life or education – it seems to have always revolved around the family business. Helping out his family in his teens, theoretically he worked as Assistant General Manager. but his main duties were to answer ‘phones, and clear-up and take out the trash. He was on rare occasions given the chance to build bikes, until he was competent to build his own. He also attended events for promoting OCC.

In 2002, the family was invited to take part in a reality show, Discovery Channel’s “American Chopper”, and subsequently “American Chopper: Senior vs. Junior”, in the course of which the youngest son was thrown out of the business – the middle son is Daniel, and younger sister Cristin. The reason for Mikey’s exclusion was  that Mikey tried to be a mediator between his father and his brother, but his father seemed to be offended that his younger son did not take his side, and so threw him out of the business. During the filming of the show, Mikey was somethoing of a comedy relief to his father’s workers, and that comedy streak helped gain him popularity in TV shows. Mikey then joined his brother’s post-OCC venture, -Paul Jr  Designs – along with most of their father’s employees; obviously the work atmosphere with Paul Teutul, Sr. was not a particularly happy one. Mikey’s eldest brother Paul  Jr. was the former chief fabricator of OCC.

So actually the main source of Mikey Teutul’s wealth is not his father’s business, but the shows he eventually took part in. These have included ‘The Late Show with David Letterman”, “Late Night with Conan O’Brien”, and also “The Tonight Show” with Jay Leno. The shows became very popular and Mikey’s appearances earned him a significant amount of money. To say the least, the family drama did not go without consequences – according to rumours, Mikey Teutul was suffering from an addiction problem, and consequently admitted himself to rehab, and managed to overcome the bad habits which were apparently hindering his progress in life, obviously including business.

In his life away from the businesses already referred to and the limelight of TV, Michael loves to paint, and is apparently respected for his productions, as he opened “The Wolfgang Gallery” gallery in Montgomery, New York, where he has sold or auctioned his paintings, adding somewhat to is net worth, although rumours suggest that the gallery may now be closed. Most recently, Mikey is now trying to enter the market under the moniker LLC FarQueue Products with his line of gourmet pasta sauces. Good luck, Mikey!

In his less-than-private personal life, Mikey is apparently still single – there aren’t even any rumours of romantic liaisons.

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