Marcus Lemonis Net Worth
Marcus Lemonis net worth: Marcus Lemonis is an American businessman and reality television personality who has a net worth of $500 million. He is currently the chairman and CEO of Camping World, Good Sam Enterprises, Gander Outdoors, and The House Boardshop. He is also the star of the CNBC reality show The Profit, which is about saving small businesses.
Early Life: Marcus Lemonis was born Ricardo on November 16, 1973, in Beirut, Lebanon to parents Abdallel and Nadia. When he was born Lebanon was in the chaos of civil war and foreign invasions. He was abandoned at an orphanage four days after his birth. He was adopted on July 29, 1974, when he was eight months old, by Leo and Sophia Lemonis, a couple from Miami, Florida. His adoptive father was Greek and his adoptive mother was Lebanese.
Lemonis' grandfather, Anthony Abraham, owned two of the largest Chevrolet dealerships in the United States and as such, Lemonis was exposed to the automotive industry throughout his childhood. Lee Iacocca was a family friend and mentor to Marcus. He graduated from Christopher Columbus High School in Miami in 1991. He got his bachelor's degree in political science with a minor in criminology from Marquette University in Milwaukee in 1995. Shortly after graduating from college, he unsuccessfully ran for a seat in the Florida House of Representatives as a Democrat. He was endorsed by the Miami Herald, which called him a "political neophyte," but also said, "he exudes energy and ideas." Ultimately he lost to two-term Republican incumbent Bruno Barreiro 42.44 percent to 57.56 percent.
Career: Lemonis worked for his grandfather's car dealership, Anthony Abraham Chevrolet. In 1997, that dealership was acquired by AutoNation and Lemonis held several sales and managerial roles with AutoNation. Lee Iacocca, Lemonis' old mentor, and his family's friend approached him and told him he wanted to "create the largest RV chain" as the RV business model in the U.S. wasn't currently working. Iaccoca helped Lemonis start and acquire Holiday RV Superstores. From June 2001 to February 2003 he served as CEO of Holiday RV Superstores Inc. Following that, he co-founded a company called Freedom Roads and began acquiring RV dealerships. In 2006, the company merged with Camping World with Lemonis as CEO. During his tenure with Camping World, Lemonis teamed up with NASCAR and sponsored driver John Andretti. In 2007, Lemonis and Camping World announced they were taking over sponsorship of the NASCAR East Series from Busch Beer for the 2008-09 seasons, rebranding it the NASCAR Camping World Series. Later that same year, they also announced sponsorship of the then Craftsman Truck Series, rebranding it the NASCAR Camping World Truck Series, making the company one of the sport's top three sponsors. In 2014, Lemonis teamed up with NASCAR to renew Camping World's sponsorship of the Truck Series through 2022. In 2011, the company merged with Good Sam Enterprises, with Lemonis retaining the CEO role.
In October 2016, Camping World went public on the New York Stock Exchange at $22 a share, giving the company a market value of approximately $2 billion. As of February 5, 2020, Camping World was trading at $16.08 per share.
In April 2017, Camping World announced the acquisition of the assets of Gander Mountain, a camping, fishing, and hunting gear retailer, including GanderMountain.com and boating and watersports lifestyle retailer Overton's. In July 2017, Camping World announced the acquisition of The House Boardshop, an online retailer specializing in bikes, sailboards, skateboards, wakeboards, snowboards, and outdoor gear.
Television Career: Lemonis was featured on two episodes of NBC's Celebrity Apprentice, hosting marketing-related challenges. In 2012, Lemonis appeared on an episode of ABC's Secret Millionaire, returning to his hometown of Miami to help local charities. In 2013, Lemonis became the star of the CNBC reality show The Profit, which features Lemonis on the hunt for promising yet faltering small businesses. On the show, Lemonis invests his own money for part ownership in the businesses to make them profitable. After the third season, Lemonis had invested $35 million in businesses featured on the program. The seventh season of The Profit premiered on November 5, 2019.
Lemonis executive produced the 2015 film I Really Hate My Ex.
In 2017, Lemonis starred in and co-produced The Partner on CNBC, in which he searches for a business manager to assist him with running the businesses that he invested in on The Profit.
Personal Life: Lemonis married for the first time in 2003 to businesswoman Ila Penfold. They were together on and off until splitting for good in 2017. During one of the couple's off periods, Lemonis dated The Real Housewives of New York City star and Skinnygirl mogul Bethenny Frankel.
Lemonis married Roberta "Bobbi" Raffel in 2018, about two years after he met her when he acquired a fashion business she owned. The couple planned to marry in Montecito, California, but mudslides waylaid their plans and instead, they tied the knot at the Hotel Bel-Air in Los Angeles. She is about 20 years older than Lemonis.
The couple splits their time between mansions in Montecito, California and Lake Forest, Illinois.
Lemonis's philanthropic efforts include support for the Joffrey Ballet, St. Jude Children's Research Hospital, Lincoln Park Zoo, RV/MH Hall of Fame, and Zacharias Sexual Abuse Center.
Real Estate: In 2018, Lemonis purchased a $1.85 million house on an acre and a half that shares a lot line with the property he bought in 2013 for almost $5 million in the Chicago suburb of Lake Forest. In June 2018 he sold a condo on Chicago's Gold Coast for $3.25 million. He also owns a home in Montecito, California that he bought for $6.85 million in March 2017.
|Net Worth:||$500 Million|
|Date of Birth:||Nov 16, 1973 (46 years old)|