David Siegel, a renowned American entrepreneur, has made a significant impact in the business world with his innovative ventures and philanthropic endeavors.
This article will delve into the net worth of David Siegel, providing insights into his early life, career, personal life, and answering some frequently asked questions about this remarkable individual.
Quick Facts
| Full Name | David Alan Siegel |
| Popular Name | David Siegel |
| Gender | Male |
| Birth Date | May 3, 1935 |
| Age | 88 |
| Parents | Sadelle and Sid Siegel |
| Siblings | N/A |
| Birth Place | Chicago, Illinois |
| Nationality | American |
| Ethnicity | N/A |
| Education | University of Miami (dropped out) |
| Marital Status | Married |
| Sexual Orientation | Straight |
| Wife/Spouse | Jackie Siegel |
| Children | Eight children (current wife) |
| Dating | N/A |
| Net Worth | $5.80 billion |
| Source of Wealth | Entrepreneurship, Investments |
| Source of Wealth | Hedge fund management, mortgage investing, securities |
| Height | N/A |
| Weight | N/A |
What is David Siegel Net Worth and Salary in 2023?
As of 2023, David Siegel’s net worth is estimated to be $5.80 billion. His entrepreneurial success and strategic investments have contributed to his immense wealth. Additionally, he earns a salary of $309,719 as an Independent Director at M.D.C, further adding to his financial prosperity.
Why is David Siegel Famous?
David Siegel rose to fame through his founding of Westgate Resorts, Ltd., a Florida-based timeshare company. Serving as the President and Chief Executive Officer of Westgate Resorts, he transformed the company into a thriving enterprise.
Furthermore, he holds the positions of CEO at Central Florida Investments, Inc., and Central Florida Investments Resorts Management, Inc. His visionary leadership and business acumen have earned him recognition and respect in the industry.
Biography Overview
Early Life
David Alan Siegel was born on May 3, 1935, in Chicago, Illinois, to Sadelle and Sid Siegel. His family relocated to Miami in 1945, where he grew up and attended Miami Senior High School. After graduating in 1953, he pursued studies in marketing and management at the University of Miami before deciding to drop out.
Career and Awards
David Alan Siegel is a renowned American businessman. He is the founder of Westgate Resorts Ltd, a Florida-based timeshare resort firm where he serves as the president and CEO. His business portfolio is diverse, spanning real estate, construction, hotel and apartment management, travel services, insurance, transportation, and retail.
Siegel also holds the position of CEO at CFI Resorts Management Inc. and Central Florida Investments Inc.
His entrepreneurial journey has seen him venture into various industries. He was the owner of the Orlando Predators, an arena football team, and also bought the Cocoa Beach Pier and the Las Vegas Hotel.
In addition to his business ventures, Siegel was one of the founders of Mystery Fun House, an attraction in Orlando, Florida, that operated from 1976 to 2001. The fun house expanded over time to include a laser-tag facility, an arcade, a dinosaur-themed mini golf course, and other attractions.
Siegel’s businesses, family, and personal life were adversely affected by the 2008 financial crisis, as seen in the documentary The Queen of Versailles. The documentary showcased Siegel, his wife Jackie, and their family as they attempted to build the Versailles house, the largest and most expensive single-family house in the United States. However, the project faced significant challenges due to the U.S. economic decline.
On the political front, Siegel has been quite active. He campaigned for George W. Bush in the 2000 elections. During the 2012 United States elections, Siegel stirred controversy when he sent a mass email to his employees, suggesting that they vote for Republican Party candidate Mitt Romney or face potential cutbacks in the company’s workforce.
Despite his success, Siegel’s career has not been without controversy. In 2008, he was found liable in a sexual-harassment lawsuit brought by former Westgate employee Dawn Myers.
The jury awarded $5.4 million, but the judge reduced the award to $610,000. Siegel’s personal life also faced tragedy when his 18-year-old daughter Victoria Siegel was found unresponsive at their home in 2015 and later pronounced dead due to a drug overdose.
Personal Life
In March 1961, Siegel married Geraldine Florence Sanstrom, with whom he had three children: Steven, Valerie, and Richard. However, their marriage ended in 1968.
In 1970, he married Betty Tucker, and they had a daughter named Susan. After their divorce in 1997, Siegel became the custodial parent of all his children.
In 1998, he met Jackie Siegel, his current wife, and they tied the knot in a Jewish ceremony. Together, they have eight children, including Jackie’s adopted niece, Jonquil.
Social Media Accounts
As of now, there is no information available about David Siegel’s social media accounts.
FAQs about David Siegel
What are David Siegel’s notable business ventures?
David Siegel is renowned for founding Westgate Resorts, Ltd., and serving as the CEO of Central Florida Investments, Inc., and Central Florida Investments Resorts Management, Inc.
How did David Siegel become famous?
David Siegel gained fame through his entrepreneurial success and leadership in the timeshare industry, particularly with Westgate Resorts.
What philanthropic activities is David Siegel involved in?
David Siegel is actively involved in various non-profit organizations, including the Scratch Foundation, which focuses on programming education.
Conclusion
David Siegel’s remarkable journey from humble beginnings to becoming a billionaire entrepreneur is a testament to his determination, vision, and business acumen. Through his ventures, he has not only achieved immense financial success but also made significant contributions to the business world. Furthermore, his philanthropic endeavors highlight his commitment to giving back to society. David Siegel’s story serves as an inspiration to aspiring entrepreneurs and showcases the power of perseverance and innovation in achieving extraordinary success. Thank you for reading.
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