Businesspersons
Momofuku Ando Net Worth
Momofuku Ando's Net Worth as of 2024
$100 Million
Momofuku Ando was born as Go Pek-Hok on 5 March 1910, in Chiayi, Japanese-era Taiwan. He was an inventor and business man probably best known for inventing and popularizing instant noodles, cup noodles and instant ramen. He was also the founder of Nissan Food Products Co., Ltd.
How rich was Momofuku Ando? According to sources his net worth at the time of his passing was was estimated at over $100 million. Most of this can be attributed to the rise of popularity of his inventions. Instant noodles became a global hit and became an in-demand product all over the world. A successful invention and a fruitful company helped raise his net worth to where it was.
Momofuku Ando Net Worth $100 Million
After the death of his parents, Ando (known as Go Pek-Hok during this time) went on to live with his grandparents who owned a textiles company. Inspired by their work, he decided to open his own textiles company at the young age of 22. In 1933, he moved to Osaka to study economics at the Ritsumeikan University, all the while continuing to establish his own clothing company. After World War II, he would become a Japanese citizen and live in Japan. His name would be changed to Momofuku as a translation of his Taiwanese name, while Ando was a common surname at that time. In 1948, he was convicted of tax evasion and was given two years imprisonment. The reason for his sentence was because he tried to establish a scholarship for poor children, and it was considered tax evasion at the time. After his release, he established Nissin in Osaka, a small family-run company that focused on producing salt. Ando was still managing to increase his net worth.
Around this time, Japan was suffering from a food shortage because of the aftermath of war. The United States had been supplying the country with wheat bread, but it was unfamiliar and people demanded more of the staple, noodles. Noodles took a long time to cook and Momofuku wondered if there was a possibility of speeding up the process. It took a while before the method was perfected, but in 1958, at the age of 48, Ando discovered the perfect way to flash fry noodles. The first pre-cooked instant noodle package was sold as “Chikin Ramen”, the first flavor ever marketed. The product drew criticisms especially from cooks who continued to serve noodles the traditional way. The prices of instant noodles were also much higher compared to that of most shops, however, the cost eventually fell and stabilized, becoming one of the highest demand products in the country and then the world. Nissin would become one of the largest food companies, and Momofuku’s net worth would dramatically rise.
Not to sit on his hands, Ando once again produced a new invention in 1971, with the Cup noodles, serving instant noodles in a cup that serves as container for the meal.
Ando received numerous recognitions and awards for helping the food crisis of Japan. He received The Order of the Rising Sun, Gold and Silver Star which was the second highest decoration for Japanese civilians.
On 5 January 2007, Momofuku passed away at the age of 96 due to heart failure. He had married Masako, and they had three children. Ando mentioned that the secret to his long life was eating instant noodles, and it was said that he ate them every day until the day he died.
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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