Kevin O’Leary a multimillionaire is a Canadian Irish businessman and apart from business he is a well-known personality and a great author whose net worth currently stands at $400 million.
Kevin the founder of Softkey Software products also goes by the name “Mr. Wonderful “a nickname he acquired from Shark Tank series for his abrasive approach with business tycoons and entrepreneurs. Recently he was the front runner in a quest to be Conservative Party of Canada leader but he backed off days to the poll. So how did Kevin O’Leary amass such a fortune as reflected on his net worth figures.
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Biography & Wiki
Terence Thomas Kevin O’Leary is the son of an Irish father Terry O’Leary and a Lebanese mother Georgette who gave birth to him in 1954 in Quebec Canada. He has a brother whom they were raised with. The father divorced his mother when he was a child and later died of alcoholism.
O’Leary mother by profession was a business executive, a very skilled investor and after the death of her husband she married George Kanawaty whom due to the nature of his job caused the family to relocate to many areas but O’Leary went to Stanstead College, St. George’s School, University of Waterloo where he graduated with a B.A in environmental studies and completed his studies at university of Western Ontario where he graduated with an MBA in entrepreneurship.
O’Leary has two children with his wife Linda whom have been married since 1990. They once separated back in 2011 but resumed their marriage in 2014.
O’Leary first worked as an assistant brand manager in 1979 at Nabiscos cat food brand then co-founded Special Event Television and dealt with production of sports, documentaries, and minor television shows. He later sold his share of the company.
With the money he got from sale of SET he went to Toronto and started Softkey in his basement. Softkey company used to deal with publishing and distribution of CD-ROM based software’s. The company in 1990 enjoyed prosperity as it dealt with educational software products.
With growing profits Softkey purchased The learning Company (TLC) for $600 million in 1995. Over the next two years the company suffered losses though it purchased Broderbund for $400 million.in 1999 TLC was then sold to Matter for $4.2 billion. This sale was dumped the most disastrous acquisitions in recent history because Mattel dint make any profits instead made losses that resulted to a loss of $3 billion of shareholders value. The loss was bad and Mattel sued O’Leary for misleading them but he disputed the charges.
He then invested in StorageNow Holdings for $500k and sold his shares later for $4.5 million. Kevin has also established other projects among them is O’Leary Funds which has over $1 billion capital, O’Leary Ventures, and ETF and investing.
Apart from business he has also been making appearances on media. Some of these appearances have been on Dragons’ Den and Shark Tank, Discovery Channel’s Discovery Project Earth, The Lang and O’Leary Exchange on CBS, and Redemption Inc.
Awards & Achievements
Apart from being rich as an achievement Kevin O’Leary has been able to author 3 books. These books are Cold Hard Truth: On Business, Money & Life, Cold Hard Truth on Men, Women & Money, and Cold Hard Truth on Family, Kids and Money.
Net Worth of Kevin O’Leary
Kevin O’Leary net worth has been estimated to be $400 million as of 2017-2018. He is popularly known as “Mr. Wonderful”, due to his nature of abrasiveness approach with business tycoons and entrepreneurs in Dragons’ Den and Shark Tank. Most of his net worth figures fortune has been as a result of sales of Softkey software products company which he co-founded. Another income generating venture that has boosted Kevin O’Leary net worth is his numerous investments.
Kevin O’Leary net worth figure of $400 million guarantees you that nothing in this planet is impossible and you can make it in business if you invest the right way and your aware when to dispose the business. He might have been accused of cheating investors in buying of Softkey but the man just knew when to dispose it before technology evolution took place.