Michael Fux Net Worth
Michael Fux net worth: Michael Fux is a Cuban-American businessman who has a net worth of $200 million dollars. Michael Fux was born in Cuba and moved to the United States with his family when he was 15 years old. The family struggled initially, and lived in a one-room apartment in Newark, New Jersey. He knew that he wanted a better life, so he bargained with local car repair shops, and launched his own battery and used tire shop. This led to him developing numerous other ventures, and by his early 20s, he'd managed to buy and sell multiple small businesses. He began working for Sears, and eventually rose to a position as manager. He eventually became the Vice President of Hecht Co. He left Hecht to launch his own business. It was massively successful initially, earning $72 million its first year, but it spiraled downward after that, and he was forced to declare bankruptcy. He started over with his past mistakes in mind, and over the next decades worked with various companies, eventually moving to the bedding industry. After launching and selling multiple successful bedding companies, including BioClinic and Sleep Innovations, he is now the owner and CEO of Comfort Revolution. In June 2013, Michael made headlines after a mechanic accidentally totaled his brand new Ferrari Enzo on a test drive.