Businesspersons

Karl Eller Net Worth

Published

1 year ago

January 27, 2023

Daniel Wanburg

Karl Eller 's Net Worth as of 2024
$400 Million

Karl Eller was born in 1928, in Chicago, Illinois USA, and is an entrepreneur and businessman, best known for becoming one of the founding investors of the National Basketball Association (NBA) team, the Phoenix Suns. He’s been active in business since the 1960s, and all of his efforts have helped put his net worth to where it is today.

How rich is Karl Eller? As of mid-2017, sources estimate a net worth that is at $400 million, mostly earned through success in business. He’s worked with various companies, and is considered one of the biggest names in the advertising industry. All of his achievements have ensured the position of his wealth.

Karl Eller Net Worth $400 million

Karl grew up in Tucson, Arizona, where later he would attend the University of Arizona and play college football during his time there. After completing his studies, he went on to focus on a business career.

Eller’s net worth grew over the years, and he made one of his most significant purchases in 1962, when he acquired the Arizona operations of the billboard advertising company Foster and Kleiser which was based in New York. He built his purchase into a big regional business and garnered success in the next few years. He then became one of the founding investors of the Phoenix Suns six years later, leading his own investor group; he would also be responsible for hiring Jerry Colangelo as the team’s inaugural general manager.

Eller would then merge his advertising business with KTAR television and radio to form Combined Communications, Inc. The company would continue to grow and later absorb Gannett in 1979. During the height of the success of Combined Communications, they owned two Canadian outdoor advertising companies, two metropolitan daily newspapers, 12 American outdoor advertising companies, 14 major metropolitan radio stations, and seven major metropolitan television stations, all of which boosted Karl’s net worth significantly.

He would then become the head of Columbia Pictures, and helped the company merge with The Coca-Cola Company in 1983. Later on, the merger would be joined by the convenience chain store Circle K which Eller handled for the next seven years, helping Circle K become one of the largest convenience store operations in the US, gaining more than 4000 stores in 32 states. The chain also had venture stores in 13 other countries. However in 1990, the company went into bankruptcy leading to Karl’s resignation as CEO of the company.

Thanks to his achievements, Eller has been inducted into the Advertising Hall of Fame by the American Advertising Federation, just the second outdoor advertising executive to be inducted and the first Arizonian. The College of Management at the University of Arizona is also named after him.

For his personal life, it is known that Karl has been married to Stevie since 1952, and the couple is very active in charity efforts in Arizona. He was also the head of the state’s Centennial Commission which helped raise money for Arizona during the time of celebration. In 2012, Karl was hospitalized after a bicycle accident in which he had to undergo a medically induced coma. He recovered after several months; he still resides in Phoenix with his wife.

Daniel Wanburg

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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Actors

Jeff Beitzel Net Worth

Published

4 weeks ago

March 21, 2024

Daniel Wanburg

Jeff Beitzel was born in the United States of America, and was a businessman and reality television personality, best known for establishing several successful automotive companies such as Quantum Fuel Systems, of which he was the COO, and also for starring in the reality show “The Real Housewives of Orange County”. All of his efforts helped put his net worth to where it was prior to his passing.

How rich was Jeff Beitzel? As of early-2017, sources inform us of a net worth that was at $3 million, mostly earned through the success of his numerous companies. He helped create and expand several automotive businesses, serving in high positions in them. He reportedly earned a salary of $725,000, but all of his achievements ensured the position of his wealth.

Jeff Beitzel Net Worth $3 million

Jeff attended Lehigh University, and would graduate with a degree in mechanical engineering. After his studies, he started working at the Ford Motor Company, and after gaining a lot of experience, he began establishing his own automotive businesses, which included Quantum Fuel Systems Technology; the company focuses on fuel storage, fuel efficiency, and natural forms of fuel. Beitzel eventually rose up to become the COO of the company in 2005. Other groups he worked for include Tecstar Automotive Group (formerly Starcraft Corp.) and Powertrain Integration. He served as the Co-Chief Executive Officer of Tecstar and was the president of Tecstar subsidiaries, as well as the President of Powertrain Integration. Quantum Fuel Systems eventually merged with Tecstar, but Powertrain Integration on the other hand focuses on powertrain solutions including highway systems, alternative fuels, and other services. Thanks to all of these endeavors, his net worth continued to increase.

Jeff eventually became engaged to reality television star and businesswoman Gretchen Rossi. Since then, he started appearing in the hit reality TV show “The Real Housewives of Orange County”, which helped somewhat in increasing his net worth further. The show started in 2006 airing on Bravo TV, its premise being to show the professional and personal lives of several women residing in Orange County. Rossi started appearing in the show during the fourth season, and Jeff started getting featured on the show when they became engaged. The show also featured his battle with leukemia.

For his personal life, it is known that Jeff was married five times before becoming engaged to Rossi; he passed away in 2008 from leukemia. After his death, his ex-wife and three children started challenging Rossi in the press, claiming the Beitzel never really intended to marry her. The issue was also brought out because it was reported that Jeff left Gretchen several million dollars in his estate. Despite this, Rossi has shrugged off most of the statements against her and even dedicated a social media post to Jeff during the anniversary of his death. She’s also reported to have spent time with his kids, even amidst rumors of infidelity during their relationship. One of Jeff’s children has commented that all the publicity didn’t really matter, because in the end his father loved Rossi.

Billionaires

Gautam Adani Net Worth

Published

4 weeks ago

March 20, 2024

Daniel Wanburg

Gautam Shantilal Adani was born on the 24th June 1962, in Ahmedabad, Gujarat, India and is a businessman, widely known as a founder and the chairman of the multinational conglomerate Adani Group. Adani has been active in the business of coal mining and gas distribution since 1988.

How much is the net worth of Gautam Adani? It has been estimated by authoritative sources that the overall size of his wealth is as much as $8.8 billion, as of the data presented in the middle of 2017. Adani Group is the main source of Adani’s fortune.

Gautam Adani Net Worth $8.8 Billion

To begin with, the boy with his seven siblings, was raised in Ahmedabad by his parents Shanta and Shantilal Adani. He was educated at the Sheth Chimanlal Nagindas Vidyalaya school, then entered Gujarat University to study commerce, yet he dropped out.

Currently, the billionaire Gautam Adani owns the largest brand of oil in India. The company was founded in 1988, with Gautam the founder and current president. He said he created his Group with a vision of Nation Building, that is to say by developing assets that he believes are important economic issues for the country. The Adani Group has grown rapidly by diversifying into import – export – it opened its own port in Mundra, to better control its trading operations. Construction began in 1995 and in 1998 it became one of the major sources of foreign exchange for India.

The following year, the company embarked on financial and energy speculation with coal trading, and soon created a joint venture (Adani Willmar) in the field of petroleum products trading in 2000. A second phase began for the group with the creation of large infrastructures. The company created a portfolio of ports, power stations, mines and a fleet of ships and railway lines in and out of India. In 2006, the company became the largest importer of coal in India – 11 million tons. Adani sought to be less dependent on the coal market, so he started to buy and control coal mines. Thus, he bought the Australian group Linc Energy, in order to supply the group’s coal-fired power stations. In 2008, he bought the Bunyu mine in Indonesia , with 180 million tons of coal reserves, and the following year, Adani Group became an energy company, producing 330 MW of thermal energy. In 2011, the group also decided to buy the exploitation rights of a large part of the Galilee coal basin in Australia. To prepare for the import of Australian coal, he ordered a large-capacity coal terminal at Mundra (the largest in the world) and in the same year he bought the Australian port of Abbot Point. This project is yet to come to fruition.

In 2012, the Group began a 3rd phase of development as integration infrastructure, renewing its logo and developing a new identity. The company focuses on three areas: resources, logistics and energy. Subsequently, under the direction of Gautam Adani, the Adani Group became a multinational conglomerate active in the production of electricity – especially through coal – and port terminals, logistics and agribusiness. It is India’s largest developer and port operator. The Group is the major source of Gautam Adani’s net worth.

Finally, in the personal life of Gautam, he is married to Priti and they have two children.