Quote:
Originally Posted by johnsmiley1
I just read Kevin's book... I'd estimate his net worth to be $150-250 million. There is just no way he owned more than 10% of the company he eventually sold to Mattel! The book talks about the companies journey in great detail - when the company started out and only had a small handful of employees he was desperate as **** for money (even borrowed $10k from his mom at one point so he could make payroll), and there is no way investors were sinking money into it unless they were getting the lions share of ownership. The company expanded primarily by buying other companies, as opposed to natural growth, which would have diluted Kevins ownership even more each time (he would own a smaller % of a larger company after each acquisition), and by the time the company was sold for almost $4b Kevin probably made about $300-350 billion pre-tax. Mattel quickly dumped his ass after they bought his company (the company turned out to be a lemon, and Mattel sued Kevin), and he then started working for BNN, and eventually got picked up by the CBC for Land & O'Leary exchange and then Dragons Den. This significant media exposure helped him build a valuable brand around himself, and now he is the face of a basket of mutual funds called "O'leary Funds" which I'm sure is making him bank (he talks as if he is the guy leading the investment team, but really he's just marketing the funds and promoting them as play on dividend paying stocks). I would imagine Kevin is also getting paid pretty well from Shark Tank too, but I'm not an expert on US TV (Canadian TV pays **** lol)
I think you mean $300-350 Million pretax.
His show is called the Lang & O'leary Exchange.
Amanda Lang and Kevin O'leary.
I watch it all the time and it is like watching beauty and the beast..
or Simon Cowell and Paula Abdul after they have to listen to some out of tune singer and then give their opinion.
Amanda usually says.. this company is having problems because of xyz..
Kevin usually shoots back with ... "they should be fired.. I wouldn't touch it with a 10 foot pole, if they think they are going to abc.. they are crazy."