Businesspersons
Maloof Brothers Net Worth
The Maloof Brothers's Net Worth as of 2024
$1 Billion
The Maloof Brothers – Joe and Gavin – are part of the prominent family of Lebanese descent, based in Las Vegas, Nevada which owns numerous business properties. The brothers are known for being successful in various businesses such as the distribution of Coors Beer, and ownership of the National Basketball Association (NBA) team, the Sacramento Kings. All of their endeavors have helped put their net worth to where it is today.
How rich are the Maloof Brothers? As of early-2017, sources estimate a net worth that is at $1 billion, earned through the success of their numerous businesses. Their family also previously owned the Birmingham Fire of the World League of American Football. As they continue their endeavors, it is expected that their wealth will also continue to increase.
Maloof Brothers Net Worth $1 billion
The family’s success began in 1937 after they secured the distribution rights for Coors Beer. Their net worth started to build and soon they would buy the Sacramento Kings. They owned the Kings from 1998 to 2013 when they sold 65% of the team to Vivek Ranadive. The brothers operated the franchise during this time of their ownership and also acquired the WNBA team, the Sacramento Monrachs.
Aside from these sports franchises, they opened the Fiesta hotel-casino in Las Vegas, and would eventually sell it for $185 million in 2000, increasing their net worth further. They reinvested the money to create The Palms hotel and casino, and they then expanded to the entertainment sector, creating Maloof Music and Maloof Productions. Some of the shows they helped create include “Bullrun”, “Living Lohan”, and “Feast”. Maloof Music also worked with singer Ali Lohan in a joint venture deal with other record labels. They also previously had distribution rights to Guinness, Heineken, Miller beers and Red Bull, but later sold those rights to Admiral Beverage Corporation.
In 2008, the Maloof Brothers started the Maloof Money Cup as a competition for both amateur and professional skateboarders, with the series including the “US Pro Vert Championships”, “US Pro Men’s and Women’s Street Championships”, and the “Maloof Money Cup AM Championships”. In 2011, the Brothers then offered a $1 million bounty to the first skateboarder to win all four Money Cup contests; only Chris Cole has come close with 3 wins. Their conglomerate of businesses has since become part of The Maloof Companies, and they have the largest single share in Wells Fargo Bank. The Maloof brothers have appeared in several television shows and music videos too, including “Las Vegas”, “The Real Housewives of Beverly Hills”, and “Celebrity Apprentice 3”. Some of the music videos they have been a part of include “Lollipop” by Lil Wayne, “What Them Girls Like” by Ludacris, and “Waking Up in Vegas” by Katy Perry, all adding to their net worth.
For their personal life, it is known that Joe and Gavin were under heavy criticism after proposing to build a new basketball arena in downtown Sacramento, but having taxpayers pay for the majority of it, on which the city was divided. They tried to move the Kings to Anaheim in 2010 but it was stopped by the NBA because of debts owed to the city of Sacramento.
In their personal lives, both brothers have never married, but are widely certainly known for having a good time – leading the high life.
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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