Kevin O’Leary is a Canadian businessman, investor, TV personality and author. He set up many successful business enterprises and is regarded as the Canadian equivalent of Donald Trump.
His software business called ‘Softkey’ was a very profitable venture which transacted the business of publishing and distributing CD-Rom based home computer software which he started at home with only 10,000 dollars as seed capital from his mother in the year 1986.
Before that, he had started his career at Nabisco foods in 1980, a concern dealing with cat food brand. He continued to invest in new ventures and stock market and was a regular commentator on Canadian TV covering financial and political matters. Keep reading to know more about Kevin O’Leary’s net worth in 2018.
Kevin O’Leary was born on 9th July 1954 in Montreal Quebec, Canada to his mother Georgette and father Terry O’Leary a salesman. After his father’s death, his mother ran her small business and later married George Kanawaty, an economist who worked with UN’s ILO.
Kevin O’Leary studied in St. Georges School and Stanstead College in Quebec. He did his M.B.A from The University of Western Ontario.
In the year 1979 Kevin O’Leary joined Nabisco, a cat food brand as an intern and learned marketing practically while still pursuing his M.B.A. Sales of Nabisco had increased when he left the company for a career as a TV producer. He co-founded Special Event Television with two of his M.B.A classmates and produced minor TV shows with limited success.
In the year 1986 he started ‘SoftKey’ a company he co-founded with John Freeman and Gary Babcock. His company produced software products focussed on mathematics and reading education. The company grew fast and became a major producer of education software in 1993. In 1998 it suffered losses and in 1999 then called TLC was taken over by Mattel for 4.2 billion dollars. Kevin O’Leary departed from the company.
In 2003 Kevin O’Leary became a co-investor in a climate-controlled storage facility called StorageNow holdings. He later sold his shares in the company for 4.5 million dollars.
In2008 he founded O’Leary funds, a mutual funds company which had 1.2 billion dollars assets under management in 2012.
In July 2015 he launched an investment company O’shares investment. This company did the advisory role for the investors guiding them to invest prudently.
He continued meanwhile as a TV presenter and author. He appeared in the TV show Dragon’s Den of CBC TV and Shark Tank, the American version of the same programme. Both these shows garnered millions of viewers mainly because of Kevin O’Leary.
Awards and achievements:
Kevin O’Leary won 3rd annual Canadian Fin Tech and AL awards 2017-Judges Choice Award-honouring him as a thought leader and investor.
His appearance in TV shows Dragon’s Den was a phenomenal success getting millions of viewers and became one of the most watched shows on CBC history. It showed him as a blunt and abrasive investor trying to value contestants who wanted investments for their fledgling businesses.
Kevin O’Leary was invited to appear in ‘Shark Tank’ the American version of Dragon’s Den which was also a great success and established him as an international figure.
Net worth of Kevin O’Leary
Kevin O’Leary net worth is $440 million. He had a variety of income sources all tuned in to bring in a steady revenue adding up to his net worth.
His business of TV production and his software company ‘Soft Key’ helped him jump into the big league of money makers. He is a keen investor who has plowed back his money into different ventures to increase his net worth further.
Kevin O’Leary is a man of many talents which he used to the optimum to create unprecedented wealth. His aptitude in marketing, investment, authorship, TV presentation and his keen eye on profit generating opportunities shows that there is no limit to ideas that create wealth.