Mark Balelo net worth: Mark Balelo was an American entrepreneur and television personality who had a net worth of $500 thousand. Mark Balelo first appeared on the television series, "Storage Wars" during its second season. He owned a liquidation, distribution, and wholesale company, and was known for bringing large sums of money to auctions, as much as $50,000 at a time. He also earned the name "Rico Suave" for his tendency to dress in very flashy clothes. His skill in choosing what to bid on is sometimes questionable, as he has gotten excited about particular items that ended up being worth next to nothing when appraised. He appeared in four episodes of the show during its second season, and in one during its third season. He also owned a gaming store called, The Game Exchange from 2009 until 2012. "Storage Wars" airs on A&E, and has two spin-offs, one set in Texas, and another set in New York. The New York edition is slated to premiere in January 2013. On February 11th, 2013, Mark Balelo committed suicide after being arrested on drug charges.