Kevin O Leary Net Worth: Is He From Canada And Multitasking? Kevin O’Leary was the investor. Kevin O’Leary is a Canadian businessman, author, politician, and television personality who has a net worth of $400 million. He is also a well-known investor on television. The fact that he created the software company SoftKey International and the reality television shows “Dragons’ Den” and “Shark Tank” has brought him a great deal of notoriety.
Kevin O Leary
|Net Worth:||$400 Million|
|Date of Birth:||Jul 9, 1954 (68 years old)|
|Profession:||Entrepreneur, Venture capitalist, Actor|
Kevin O Leary Early Life
The Beginnings of Terence On July 9, 1954, Thomas Kevin O’Leary made his debut into the world in Montreal, Quebec, Canada. His mother is of Lebanese origin, and his father is of Irish descent. He has an Irish mother and a Lebanese father. Because of his father’s Irish ancestry, O’Leary is also a citizen of Ireland and possesses an Irish passport.
Gorge Kanawaty, an economist, was O’Leary’s mother’s new husband after her divorce and the death of his father. Having lived in Cambodia, Tunisia, and Cyprus while his stepfather worked for the UN’s International Labor Organization, O’Leary was accustomed to traveling the world as a child. One of his mother’s most important financial lessons was that he should always save one-third of his money.
Instead of pursuing his childhood dream of becoming a photographer, O’Leary decided to go to college on the advice of his stepfather. After graduating from high school, he continued to pursue a career in business and finance. He earned a bachelor’s degree in 1977 from the University of Waterloo and an MBA in 1980 from the Ivey Business School at the University of Western Ontario.
Kevin O Leary Business Career
O’Leary interned at Nabisco’s cat food business while pursuing his MBA. He attributes his achievement to this event. After leaving Nabisco, O’Leary co-founded SET with two former MBA classmates. One of O’Leary’s partners bought his stake for $25,000.
After selling his SET shares, O’Leary launched SoftKey in a Toronto basement with John Freeman and Gary Babcock. After a key financial investor withdrew $250,000, O’Leary used his $25,000 SET share money and a $10,000 investment loan from his mother to start the company.
After purchasing rivals WordStar and Spinnaker Software in 1993, the company became a prominent consolidator in the educational software sector. Softkey adopted the TLC moniker in 1995 after purchasing TLC for $606 million. Mattel paid $4.2 billion for TLC in 1999. O’Leary left Mattel as sales and earnings fell.
Mattel shareholders sued executives and O’Leary for misleading investors about TLC’s health, but O’Leary rejected all claims, blaming the acquisition’s failure on a technical meltdown and management culture clash.
O’Leary joined Storage Now in 2003 as a co-investor and director. They build climate-controlled warehouses. Storage Now has become Canada’s third largest storage owner/operator through development and acquisitions. Storage Now’s 11 cities served Merck and Pfizer. March 2007 acquisition for $110 million.
Kevin O Leary Media And Other Ventures
O’Leary published “Cold Hard Truth: On Business, Money & Life” in September 2011. 2012 and 2013 brought two follow-ups. O’Leary first appeared on “Dragons’ Den” in 2006. Show producers pushed him to play a rude, bullying investor. In 2009, O’Leary joined “Share Tank,” the American “Dragons’ Den.” Until 2014, he was on both shows.
Through his appearances on the two shows, he got the nickname “Mr. Wonderful,” a tongue-in-cheek allusion to his reputation for being nasty but also because his direct critique helps misled businesses. Something Wonderful manages his show investments. His “Shark Tank” deals include Talbott Teas (bought by Jamba Juice) and GrooveBook (later acquired by Shutterfly).
O’Leary co-hosted Discovery Channel’s “Discovery Project Earth” in 2008, appeared on CBC News Network’s “The Lang and O’Leary Exchange” in 2009, and produced and hosted “Redemption Inc.” in 2012, in which he helped ex-convicts launch businesses.
Kevin O Leary Politics
On January 18, 2017, after months of public speculation, O’Leary formally entered the Conservative leadership campaign. Media frequently drew comparisons between him and President Trump since both were wealthy businessmen who achieved wider exposure through reality television and ran on platforms of reducing taxes and regulations.
O’Leary has rejected similarities, pointing out that he is sprung from Irish and Lebanese immigrants and “wouldn’t exist if Canada had walls” on the issue of immigration. His formal withdrawal from the leadership campaign came on April 26, 2017, when he said it was “selfish” of him to continue because it would be difficult for him to defeat Justin Trudeau in 2019 due of the lack of support for him in Quebec.
Kevin O Leary Political Life
His wife Linda has been with him since 1990, with a two-year break in 2011. O’Leary Wines’ Vice President of Marketing reports to her. Two children are in the family of the married couple.. His primary residence is in Toronto, but he also has properties in Boston and Geneva, Switzerland, as well as a cottage in Muskoka, Ontario.