Businesspersons
Halsey Minor Net Worth
Halsey Minor's Net Worth as of 2024
-$50 Million
Halsey Minor is a technology entrepreneur born in Charlottesville, Virginia, USA in 1964. He is probably best known for founding the American media website “CNET” in 1993.
Have you ever wondered how rich Halsey Minor is? According to sources, it has been estimated that Halsey Minor is currently $50 million in debt. Minor acquired his wealth after setting up his own company which eventually made great profit. Although his wealth significantly decreased in recent years, due to enormous debts, he still is a successful entrepreneur.
Halsey Minor Net Worth -$50 Million
Halsey grew up in Virginia, where he went to Woodberry Forest School and later enrolled at the University of Virginia to study anthropology, while studying becoming a member of the Delta Phi fraternity. Upon graduation, he worked at Merrill Lynch Wealth Management, a division of Bank of America, but then decided to start his own company. His first plans began in 1992, and a year later CNET Networks was established, becoming one of the world’s most visited information resources in the field of technology. It also turned out to be one of the Internet’s first profitable companies. In 1997, Minor dilated his company to a web-publishing software company Vignette, gaining 33% stake in it. This also turned out to be a very lucrative venture as Vignette reached a market capitalization of $26 billion. Halsey’s net worth was very respectable.
He also became the co-founder and the second largest shareholder in salesforce.com, a technology company which reached a market capitalization beyond $15 billion. Apart from this, Minor is the founder of Minor Ventures, and co founder of virtual reality content platform Voxelus. All of these successes led to Halsey being called an “entrepreneurial genius” with considerable wealth.
However, only a few years later, major changes followed and this man experienced a sudden string of financial fiascos that decreased his wealth enormously, apparently largely as a consequence of depression. So from a high of $180 million in 2001, Minor sank to the point of owing about 60 creditors a total debt as big as $100 million, with assets of about $50 million. It is said that some of the mentioned creditors are Bank of America, Verizon Wireless, the Internal Revenue Service, an Sotheby’s auction house. It seems that the origin of most of these debts are some unwise and/or unlucky investments in, among other things, real estate, expensive artwork and tourism development, but also the rather opulent lifestyle he led. As a result, Minor has been engaged in various law suits with both Christie’s and Southeby’s auction houses, which had different outcomes, favorable and unfavorable for Halsey.
The overall consequence was that Halsey Minor filed for Chapter Seven personal bankruptcy in 2013, which is still being worked through. This is certainly a spectacular fall for Halsey, who was considered to be one of the most successful entrepreneurs in the world. He was on the cover of the 1998 Forbes magazine and on the list of the forty richest men under forty in America in 2001
When it comes to his private life, Halsey Minor has married twice. He divorced his first wife, Deborah in 2006 and re-married two years later to producer Marc Gurvitz’s ex-wife, Shannon.
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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