Businesspersons
Mark Balelo Net Worth
Mark Balelo's Net Worth as of 2024
$500,000
Mark Balelo was born on 31st January 1973, in Machico, Madeira Island, Portugal, and was a businessman best known for founding Balelo Inc., which is a liquidation, distribution and wholesale company. He passed away in 2013. .
Have you ever wondered how rich Mark Balelo was at the time of his death? According to authoritative sources, it has been estimated that Balelo`s net worth was as high as $500,000, an amount earned through his successful career. He also became somewhat of a TV star, when he appeared in the reality TV show “Storage Wars”, and spent a lot of money on auctions for some of the storage liquidations.
Mark Balelo Net Worth $500,000
Little is known about Mark`s early life and his family on the whole, except that they moved to the US while Mark was still young, and settled in Southern California.. However, when he was 14 he started working on fishing boats, as he was forced to support himself personally, and to provide for his education. Mark also ventured into the valet business as an employee during weekends. Following high school matriculation, Mark enrolled at Orange Coast College, and while still studying, he started his own valet business, and also worked in a Nissan dealership selling cars. He graduated with a degree in Business, and after some time he moved to Mercedes-Benz, and became one of their top salesmen, so increasing his net worth by a large margin.
However, Mark’s bank account benefited from his other ventures too; he started Balelo Inc., which handles asset acquisitions, liquidations and closeouts, while it is also a doubles in wholesale and distribution. His company grew steadily, and on account of the success he achieved, Mark started several other projects, including founding an auction house called Balelo Auctions, which also added to his net worth.
Furthermore, he also owned a gaming store, called The Game Exchange, the successful management of which also contributed to his net worth.
Nevertheless, a major part of his net worth was eventually through his appearance on the popular reality TV show “Storage Wars”. He appeared in a total of seven episodes, and during that time became known as “Rico Suave”, because of his high spending; for instance, he would buy over 150 storage units a week, and spend more than $50,000 per auction. All in all, this paid out for him, and his net worth became even greater.
When it comes to his personal life, unfortunately, displeased and troubled by some aspects of his life, including drug charges and custody battle over his children, Mark committed suicide as a result of carbon monoxide poisoning, being found dead in his car parked in his garage on the 11th February 2013, in Simi Valley, California.
At the time of his death, Mark was engaged to Elisabeth Metzidis. Details of his previous relationships are vague, but he is known to have had at least two children, one of whom was autistic and over whom he fought for custody. He had also been jailed previously on drugs charges, and had broken the conditions of his probation.
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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