Connect with us

Businesspersons

Pete De Best Net Worth

Published

on

Peter Howard De Best's Net Worth as of 2024
$5 Million

Peter Howard De Best, born in Yorba Linda, Orange County, California USA in 1972, and is an American businessman and television personality, best known for appearing in the HGTV television series “Flip or Flop”.

So just how wealthy is Pete De Best? According to sources, De Best has acquired a net worth of over $5 million, as of mid-2017, accumulated during his career as a mortgage broker and real estate investor, as well as through his involvement in the “Flip or Flop” TV show.

Pete De Best Net Worth $5 million

De Best attended Western High School in Anaheim, California, then in 1991 enrolled at California State Polytechnic University, Pomona, graduating in 1996, with a Bachelor’s Degree in Finance, Real Estate and Law.

His professional career began in the late ’90s, being a credit analyst in a local bank, after which he began working as a mortgage broker. In 2006 he founded a company called US Lending Network, Inc. in Brea, California, providing mortgage lending and refinancing. He has since served as the company’s president, establishing a reputation, and which has significantly contributed to his net worth.

In the meantime, De Best became involved in the real estate industry, achieving great success in this field too, managing and successfully selling a number of properties across the country. His wealth grew larger.

In 2011, he co-founded a real estate investment company called Next Level Property Investments, LLC, with real estate agents and then husband and wife Tarek and Christina El Moussa, and he has served as the company’s operating manager ever since. The trio purchased their first investment house in Santa Ana for $115,000, and after renovating, they sold it and earned $34,000 profit.

Since then, they have focused on flipping houses, which has boosted their real estate business too, expanding it into other states. Today, the company invests in over 100 deals per year. Its success has considerably increased De Best’s wealth.

Aside from earning him a considerable fortune, being a part of the house flipping work with his partners, the El Moussa couple, has also enabled De Best to enter the world of television. In 2012 the team was offered a regular weekly program on HGTV, portraying their work of buying outdated, dilapidated or repossessed property, renovating it and then reselling it. The show debuted in 2013, and has aired six seasons so far, being the #1 nationally aired show on the HGTV network. Achieving great popularity, it has spawned a number of spin-offs, such as “Flip or Flop Follow-Up”, “Flip or Flop Vegas”, “Flip or Flop Atlanta” and “Flip or Flop Chicago”. The show has mainly been concentrated on Tarek and Christina, following their purchasing of homes in Orange County, most of which are largely bank-owned, short sales or foreclosures. Once they buy a home, they flip it, relying on the skills of their contractor Israel Battres and his crew, and then they sell it. Whereas the El Moussa couple have been the show’s main hosts, De Best has made regular appearances. As an investor in the couple’s projects, he has received half of all the earnings from each house. De Best has mostly appeared on air when the couple needs extra money. His involvement in the show has enabled him to achieve a large amount of popularity, and has greatly contributed to his net worth too.

Meanwhile in 2014, the trio started another business together, a construction company in Anaheim called T&C Construction and Design, offering residential remodeling. The company, in which he has served as chief financial officer, has been an additional source of De Best’s wealth.

Advertisement

When it comes to his personal life, De Best is a married man, but details are non-existence.

As the Managing Editor at NetWorthPost, 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.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Actors

Jeff Beitzel Net Worth

Published

on

Jeff Beitzel was born in the United States of America, and was a businessman and reality television personality, best known for establishing several successful automotive companies such as Quantum Fuel Systems, of which he was the COO, and also for starring in the reality show “The Real Housewives of Orange County”. All of his efforts helped put his net worth to where it was prior to his passing.

How rich was Jeff Beitzel? As of early-2017, sources inform us of a net worth that was at $3 million, mostly earned through the success of his numerous companies. He helped create and expand several automotive businesses, serving in high positions in them. He reportedly earned a salary of $725,000, but all of his achievements ensured the position of his wealth.

Jeff Beitzel Net Worth $3 million

Jeff attended Lehigh University, and would graduate with a degree in mechanical engineering. After his studies, he started working at the Ford Motor Company, and after gaining a lot of experience, he began establishing his own automotive businesses, which included Quantum Fuel Systems Technology; the company focuses on fuel storage, fuel efficiency, and natural forms of fuel. Beitzel eventually rose up to become the COO of the company in 2005. Other groups he worked for include Tecstar Automotive Group (formerly Starcraft Corp.) and Powertrain Integration. He served as the Co-Chief Executive Officer of Tecstar and was the president of Tecstar subsidiaries, as well as the President of Powertrain Integration. Quantum Fuel Systems eventually merged with Tecstar, but Powertrain Integration on the other hand focuses on powertrain solutions including highway systems, alternative fuels, and other services. Thanks to all of these endeavors, his net worth continued to increase.

Jeff eventually became engaged to reality television star and businesswoman Gretchen Rossi. Since then, he started appearing in the hit reality TV show “The Real Housewives of Orange County”, which helped somewhat in increasing his net worth further. The show started in 2006 airing on Bravo TV, its premise being to show the professional and personal lives of several women residing in Orange County. Rossi started appearing in the show during the fourth season, and Jeff started getting featured on the show when they became engaged. The show also featured his battle with leukemia.

For his personal life, it is known that Jeff was married five times before becoming engaged to Rossi; he passed away in 2008 from leukemia. After his death, his ex-wife and three children started challenging Rossi in the press, claiming the Beitzel never really intended to marry her. The issue was also brought out because it was reported that Jeff left Gretchen several million dollars in his estate. Despite this, Rossi has shrugged off most of the statements against her and even dedicated a social media post to Jeff during the anniversary of his death. She’s also reported to have spent time with his kids, even amidst rumors of infidelity during their relationship. One of Jeff’s children has commented that all the publicity didn’t really matter, because in the end his father loved Rossi.

Continue Reading

Billionaires

Gautam Adani Net Worth

Published

on

Gautam Shantilal Adani was born on the 24th June 1962, in Ahmedabad, Gujarat, India and is a businessman, widely known as a founder and the chairman of the multinational conglomerate Adani Group. Adani has been active in the business of coal mining and gas distribution since 1988.

How much is the net worth of Gautam Adani? It has been estimated by authoritative sources that the overall size of his wealth is as much as $8.8 billion, as of the data presented in the middle of 2017. Adani Group is the main source of Adani’s fortune.

Gautam Adani Net Worth $8.8 Billion

To begin with, the boy with his seven siblings, was raised in Ahmedabad by his parents Shanta and Shantilal Adani. He was educated at the Sheth Chimanlal Nagindas Vidyalaya school, then entered Gujarat University to study commerce, yet he dropped out.

Currently, the billionaire Gautam Adani owns the largest brand of oil in India. The company was founded in 1988, with Gautam the founder and current president. He said he created his Group with a vision of Nation Building, that is to say by developing assets that he believes are important economic issues for the country. The Adani Group has grown rapidly by diversifying into import – export – it opened its own port in Mundra, to better control its trading operations. Construction began in 1995 and in 1998 it became one of the major sources of foreign exchange for India.

The following year, the company embarked on financial and energy speculation with coal trading, and soon created a joint venture (Adani Willmar) in the field of petroleum products trading in 2000. A second phase began for the group with the creation of large infrastructures. The company created a portfolio of ports, power stations, mines and a fleet of ships and railway lines in and out of India. In 2006, the company became the largest importer of coal in India – 11 million tons. Adani sought to be less dependent on the coal market, so he started to buy and control coal mines. Thus, he bought the Australian group Linc Energy, in order to supply the group’s coal-fired power stations. In 2008, he bought the Bunyu mine in Indonesia , with 180 million tons of coal reserves, and the following year, Adani Group became an energy company, producing 330 MW of thermal energy. In 2011, the group also decided to buy the exploitation rights of a large part of the Galilee coal basin in Australia. To prepare for the import of Australian coal, he ordered a large-capacity coal terminal at Mundra (the largest in the world) and in the same year he bought the Australian port of Abbot Point. This project is yet to come to fruition.

In 2012, the Group began a 3rd phase of development as integration infrastructure, renewing its logo and developing a new identity. The company focuses on three areas: resources, logistics and energy. Subsequently, under the direction of Gautam Adani, the Adani Group became a multinational conglomerate active in the production of electricity – especially through coal – and port terminals, logistics and agribusiness. It is India’s largest developer and port operator. The Group is the major source of Gautam Adani’s net worth.

Finally, in the personal life of Gautam, he is married to Priti and they have two children.

Continue Reading

Billionaires

Frank Lowy Net Worth

Published

on

Frank Lowy was born on the 22nd October 1930 in Fiľakovo, now Slovakia, of Jewish origin and is an Australian entrepreneur. Lowy founded and led the Australian retail company the Westfield Group. According to US Forbes Magazine, Lowy is one of the richest Australians, having been active in business since 1952. Lowy was also the president of the Football (soccer) Federation of Australia from 2003until 2015.

How much is the net worth of Frank Lowy? It has been estimated by authoritative sources that the overall size of his wealth is as much as $5.1 billion, as of the data presented in the middle of 2017 Westfield Corporation is the major source of Lowy net worth. It should be noted that Frank has been listed in Financial Review Rich List every year since 1983. In 2010, he became the richest person in Australia with the estimated net worth of A$5.04 billion at the time.

Frank Lowy Net Worth $5.1 Billion

To begin with, the boy was born in Slovakia, but lived in a ghetto in Hungary in the time of World War II. In 1946, he managed to escape and reached France, where he boarded a ship and wanted to reach Palestine, but was caught and detained by the British in a camp in Cyprus. However, he managed to serve in the Jewish paramilitary organization Golani Brigade, and participated in the Israeli – Arab War in 1948.

His family was based in Hungary and had a small business, and in 1952, Lowy joined them and they all migrated to Australia. In 1960, he founded the company which is currently entitled Westfield Corporation Limited, in Sydney, Australia, developing shopping centers which even operated in the US from 1977. The company continued to specialize in shopping centres, and the Westfield Group now owns and operates shopping centres in Australia, New Zealand, the UK and the US. All the shopping centres are advertised with the brand Westfield or Westfield Shoppingtown. Those have added significant sums to the overall size of Frank Lowy net worth.

From the beginning of the company until 2010, Lowy held the position of executive chairman of the Westfield Group; currently, he serves as the non – executive chairman. From 2008 to 2010, he and his company became the focus of a US tax investigation, after Swiss and Liechtenstein accounts were discovered – no wrong-doing was discovered.

Additionally, he served as the director of the Reserve Bank of Australia from 1995 to 2005. Significantly involved in the development of soccer in Australia, Lowy was the president of the Football Federation Australia from 2003 to 2015, succeeded by his son.

He was appointed a Companion of the Order of Australia in 2000, and in 2005, Lowy received the Woodrow Wilson Award for Corporate Citizenship. Several years later, the businessman was honoured with the Henni Friedlander Award, among a number of other awards and honours.

Finally, in the personal life of Frank Lowy, he is married to Shirley Lowy, who he met in 1951. They have three sons: Peter, Steven, and David who took over the lead of Westfield. Currently, Frank resides in Point Piper, Sydney, Australia. Since 2003, he is also owner of the mega-yacht Ilona. It is Lowy’s fourth yacht, and he has travelled around the world four times. However, the family is involved in philanthropy too, with a particular interest in cancer research and treatment.

Continue Reading

Recommended

Actresses4 days ago

Milla Jovovich Net Worth

Milla Natasha Jovovich was born on 17 December 1975, in Kiev, Ukraine (then in the USSR), and is a model,...

Politicians4 days ago

Paul Kagame Net Worth

Paul Kagame was born on the 23th October 1957 in Tambwe, Ruanda-Urundi, which is now Nyarutovu, Rwanda, and is a...

Singers4 days ago

Cissy Houston Net Worth

Emily “Cissy” Houston was born as Emily Drinkard on 30 September 1933, in Newark, New Jersey USA, of Afro-and Native-American...

Singers4 days ago

Kim Burrell Net Worth

Kimberly Burrell was born on the 26th August 1972, in Houston, Texas, USA. She is probably best recognized for being...

Lists5 days ago

The Untold Truth About ‘Bath Crashers’

Home renovation-shows are certainly more than a TV trend at this point. Although this specific brand of reality series has...

Lists5 days ago

What happened to Tony from “Garage Gold”?

While we’re used to seeing reality shows featuring celebrities displaying their luxury life, or doing extreme things for a living,...

Lists5 days ago

Who pays for Yard Crashers?

Reality TV is constantly changing as years pass. However, the audiences’ general fascination with home-improvement shows seems unlikely to end...

Lists5 days ago

What happened to Rust Valley Restorers?

Some TV shows are so meticulously planned, that there’s no way they can’t become successful. However, there are other series...

Lists5 days ago

How did Joel Taylor from Storm Chasers die?

It’s known that reality series are, in fact, not always as real as they make it seem. Despite that, some...

Lists5 days ago

What happened to Ray on Trailer Park Boys?

TV shows come and go all the time, but “Trailer Park Boys” definitely isn’t easy to forget. Ever since its...

Trending