Businesspersons
Cecil Chao Net Worth
Cecil Chao's Net Worth as of 2024
$2 Billion
Chao Sze-Tsung Cecil was born in 1936 in Hong Kong and is a businessman and a real estate tycoon who, as Cecil Chao, is widely recognized as the founder as well as the owner of Cheuk Nang Holdings Ltd. However, he is most famous for his 2012 international offer worth $65 million, promised to any man who manages to woo and marry his (apparently) lesbian daughter, Gigi.
Have you ever wondered how much wealth this Asian magnate has accumulated so far? How rich Cecil Chao is? According to sources, it is estimated that the total of Cecil Chao’s net worth, as of mid-2017, revolves around the sum of $2 billion, acquired through his successful entrepreneurial career which has been active for several decades now.
Cecil Chao Net Worth $2 billion
Cecil grew up in Hong Kong but was educated overseas, in Europe and USA. He attended the University of Durham in Durham, England, from which he graduated with a Bachelor of Architecture degree. Later, he enrolled at Morrsion University in Reno, Nevada, from which he earned his Doctorate in Architecture. Upon graduation, Cecil began his career working in architectural design studios, but over the years expanded his area of expertise to real estate properties, finance and investment business. All these involvements eventually provided a huge part of Cecil Chao’s incredible net worth.
Cecil Chao’s rise began in 1988, when he acquired the Far East Wool & Fibre Mill, Ltd company and founded Cheuk Nang Holdings Ltd., which in the course of the next decade became established as one of the world’s leading electronic and electrical manufacturers. Apart from serving as company’s executive chairman since its beginnings in the late 1980s, Cecil Chao has also been serving as Hong Kong Real Estate Developers’ Association chairman, the beneficial owner of Szehope Securities Company Ltd. and the chairman of Yan Yin Company Ltd. Some previous Chao engagements include being a member of Hong Kong Government Building Department and Architectural Office as well as being a former independent, non-executive director of ENM Holdings Ltd. It is certain that all these successful business involvements have helped Cecil Chao to add a significant sum to the total of his wealth.
Widely known for his flamboyant lifestyle and playboy’s manners, Cecil Chao came to great international prominence in 2012 when he announced a $40-million dowry offer to any man who managed to convince his daughter to marry him. Although his daughter Gigi is a declared lesbian, and has already been married to her partner of nine years, Cecil was unyielding and in 2014 he increased his offer to $80 million and then again to an incredible $130 million. Although around 20,000 men applied, Gigi remained true to herself and her partner. Eventually, Cecil dismissed his offer as they “agreed to disagree” but announced that he will never accept Gigi’s partner into his family. Despite all of these, Cecil and Gigi’s bond is going strong and is still close-knitted as he named her as an heir to his business empire.
Apart from all those already mentioned above, Cecil Chao was honored with World Outstanding Chinese for the year 2004. Under his leadership, Cheuk Nang Holdings expanded their interests to property development and real estate investments, and currently operates in several Asian countries, including Malaysia, China and Macau, still providing a massive boost to Cecil Chao’s net worth.
When it comes to his personal life, Cecil Chao has never married despite the fact that, as he claims, he has slept with more than 10,000 women. From his previous relations, he has welcomed three children, all daughters.
Businesspersons
Charles Saatchi Net Worth
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.
Businesspersons
Mikey Teutul Net Worth
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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