Paul Bilzerian is a corporate takeover specialist. In the 1980s he was convicted of tax law violations. He had to go to the prison. He was ordered to disgorge his all profits. As a result, he became bankrupt. Now let’s have a close look on Paul Bilzerian’s net worth.
Paul was born in Miami. He grew up in Massachusetts. Paul is an Armenian American. His father was a civil servant. When he was a teenager, his parents got divorced. He described himself as ‘Juvenile Delinquent.’ In his school days, one day he was called to the principal’s office because he violated the dress code and was wearing blue jeans. He responded to it by dropping out of the school.
He joined the army and served very well. He went to the Vietnam War and earned Bronze Star Medal, Vietnamese Gallantry Cross, and Army Commendation Medal. After he returned from the war, he went to Stanford University. He graduated with a Bachelor degree in Arts. After that, he joined Harvard Business School.
He married his classmate from Stanford, Terry Steffen in 1978. They have two sons Adam and Dan. Paul is an extreme example of challenges and failures. He and his family relinquished the United States Citizenship. Now he lives a life of exile in St Kitts on the Caribbean Island. Those around long in Tampa Bay might remember the corporate raider Paul Bilzerian.
He was the maverick, who made millions of dollars. He built a huge 10-bedroom mansion in Tampa’s Avila community. It had an indoor basketball court.
His career started with an investment in a radio station in Tampa. WPLP. He made this investment alongside his two colleagues from Army who had experiences in the broadcasting field. The radio station could not achieve huge success. He was rather very successful in the real estate business. His first high profile take over was with New York based clothing manufacturer company, Cluett Peabody & Company.
His big takeovers led him to the scrutiny of his deals by SEC. In 1989 SEC announced that they would file a civil suit against him and eventually they forced him to disgorge the profits from his takeovers.
Awards & Achievements
He did not get any notable awards yet. Though he went to prison for a short time but maybe in future that changes.
Net worth of Paul Bilzerian
Paul Bilzerian had a net worth of $84 million. Paul accumulated most of his wealth by dirty means. He had disputes with Securities and Exchange Commission. He had to pay $62 million for securities fraud. He spent 28 years trying to prove that he was legally innocent. The present member of his family, his son, claimed that he made $50 million by playing poker.
After repeatedly denying of his ill deeds in 2000 he was ordered by a federal judge to prison. To free him his wife had to sell the mansion of Tampa. Presently his son is a high profile member of the family. The 33 years old Dan Bilzerian is a social media star.
He is famous for his videos of his playboy lifestyle. Adam and Dan are professional poker players. They are often called “ Flying Bilzerian Brothers.” Adam wrote a book also.