Ty Warner Net Worth
Ty Warner net worth: Ty Warner is an American toy manufacturer, businessman, and former actor who has a net worth of $2.7 billion. Ty Warner was born in 1944 in Chicago, Illinois where he attended Lyons Township High School in Chicago, St. John's Military Academy in Wisconsin, and Kalamazoo College in Michigan for one year before dropping out to move to Los Angeles and pursue an acting career. After not making it in Hollywood, Warner moved back to Chicago and began working for toy maker Dakin where he remained for two decades. In 1986, after a long sabbatical in Italy, Warner mortgaged his house and invested his life savings into founding Ty Inc. In 1993, Ty Inc. launched Beanie Babies, which became an international craze. At the height of the Beanie Babies' popularity Ty Inc. was profiting $700 million in one year. Ty Inc. also manufactures and distributes Beanie Baby 2.0s, Ty Girlz, Beanie Boos, Beanie Ballz, Monstaz, Pluffies, LI'L Ones and other plush toys. Warner has donated more than $6 million to the Andre Agassi Foundation for underprivileged children in Las Vegas and $3 million for the creation of Ty Warner Park in Westmont, Illinois. He has created a number of limited edition Beanie Babies to benefit the Elizabeth Glaser Pediatric AIDS Foundation and American Red Cross, among other charities. In 2014 Warner was sentenced to two years probation for tax evasion. It is believed his philanthropic efforts helped him receive a lenient sentence after the discovery of an offshore account containing more than $107 million. Warner never married and has no children.