Businesspersons
Rich Paul Net Worth
Rich Paul's Net Worth as of 2024
$10 Million
Rich Paul was born on 16 December 1981, in Cleveland, Ohio USA is an American sports agent, famously known as the owner of Klutch Sports Group, and represents players including LeBron James, Trey Lyles and Eric Bledsoe to name a few.
So how much is Paul’s net worth? As of early 2016, it is reported by sources to be $10 million, gained mostly from his years of representing athletes, particularly in basketball.
Rich Paul Net Worth $10 Million
Paul went to Benedictine High School in Cleveland but instead of taking up a college education, he became a businessman, buying throwback jerseys or vintage jersey designs from former players, buying them in jerseys in Atlanta and then flying them to sell in Cleveland.
Selling vintage jerseys only took Paul so far in terms of his career and wealth. His life changed when he met long time friend and star athlete LeBron James in 2002, at the Akron-Canton airport – Paul was on his way to Atlanta to buy items for his throwback jersey shop and James on his way to Atlanta as well to be part of the Final Four. The latter was impressed by his collection and later exchanged contact details.
For a few months, James helped Paul with his business, endorsing him to various suppliers of throwback jerseys and getting discounts. Paul has since then been part of his closest circle of James’ friends. Paul was soon earning $50,000 a month as a part of James‘ circle of friends, going along on tours and attending parties, practice, photo shoots and commercials, basically just hanging out.
Paul on the other hand wanted to be more than just a friend, so along with James, Maverick Carter and Randy Mims, they started a marketing firm “LRMR”, a sports and brand management service which in its formative years focused on the branding of James’ name. Through the company he learnt about the world of sportsmen and women, and steadily built his net worth.
Despite not having any college degree, because of his love for basketball, being a former player himself, Paul wanted to represent basketball players and become an agent. He then began working with Leon Rose at Creative Artists Agency(CAA) in 2006. Through Rose, he learned the art of management and contract negotiation. In 2011, Paul became the third agent of Lebron James and brought him into the CAA.
In 2012, Paul decided to set up an agency of his own, and started Klutch Sports Group. The group now represents almost 20 basketball players, one of whom is James. Paul despite not having formal training in management brought his learning from CAA and makes sure that his management style is not just business but also on a personal level. He assists players with their career and their branding and also their personal affairs, including personal investments.
Today, Klutch Sports Group has over $180 million worth of contract value and regularly makes almost $10 million in commissions; the company’s headquarters is located in Cleveland, Ohio.
Rich Paul keeps his personal life very private – he says that he doesn’t mix business with pleasure!
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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