Isaac Perlmutter Net Worth
Isaac Perlmutter Net Worth: Isaac Perlmutter is an Israeli-American businessman and financier who has a net worth of $3.5 billion. One of the members of the world's billionaires club, he has been serving as Marvel Entertainment's Chief Executive officer since January 1, 2005. Plus, he is the owner of Marvel Entertainment's toys division, Marvel Toys, and the personal care corporation, Remington Products. Born to a Jewish family in Mandatory Palestine December 1, 1942, he emigrated to the States in the late 1960s with only $250. He did various jobs to earn his living, one of which was selling toys and beauty products on NYC streets. Thus, he eventually ended up selling surplus stock and end-of-line items at a big profit. Even though he has never been highly educated, he learnt how to read a balance sheet and developed a sharp eye in spotting overlooked value in weak and distressed companies. That's how he started his collaboration with Bernard Marden, and the two formed Odd Lot Trading, a wholesaler and retailer of closeout items. It was in 1984 that the duo sold, or more precisely exchanged, Odd Lot Trading to Revco Discount Drug Stores for a 12% Revco stock. Later on, they went on to sell the stock for $120 million. Then, in 1994, they acquired a controlling share of Victor Kiam to Remington Products, where Perlmutter eventually started to serve as its Vice President. Two years later, Perlmutter and Kiam sold Remington Products to Vestar Capital Partners.