Kevin O’Leary, a multi-millionaire, is a Canadian-Irish businessman with a well-known personality and prolific writer. Kevin, the founder of Softkey Software, is also known as “Mr Wonderful”, a nickname he got from the Shark Tank series for his sharp approach to business titans and entrepreneurs.
He was recently the favorite to become leader of the Conservative Party of Canada, but dropped out just days before the election. So, how did Kevin O’Leary acquire such wealth as evidenced by his net worth data?
|Famous name:||Kevin O’Leary|
|Real name/Full name:||Terence Thomas Kevin O’Leary|
|Age:||68 years old|
|Date of birth:||July 9, 1954|
|Birth place:||Montreal, Canada|
|Wife/spouse (name):||Linda O’Leary (b. 1990)|
|children:||Yes (Trevor O’Leary, Savannah O’Leary)|
|Net worth in 2023:||450 million dollars|
|Last update:||August 2023|
Biography of Kevin O’Leary
Terence Thomas Childhood Kevin O’Leary was born in 1954 in Quebec, Canada to an Irish father, Terry O’Leary, and a Lebanese mother, Georgette. He has a brother with whom they were raised. When he was a child, his father divorced his mother and later died of alcoholism.
O’Leary’s mother was a business executive and investment expert. After her husband’s death, she married George Kanawaty, whose job required the family to move to different locations. However, O’Leary attended Stanstead College, St. George’s School and the University of Waterloo, where he graduated with a BA in Environmental Studies, and the University of Western Ontario, where he graduated with an MBA in Entrepreneurship.
Kevin O’Leary Age, Height, Weight
Kevin O’Leary was born on July 9, 1954; As of 2022, he is 68 years old, 1.77 m tall, and weighs 81 kg.
Kevin O’Leary began his career in 1979 as an assistant brand manager for Nabisco’s cat food brand, then co-founded Special Event Television, which produced sports, documentaries and smaller television shows. He eventually sold his stake in the company.
With the proceeds from the sale of SET, he moved to Toronto and founded Softkey in his basement. Softkey was involved in publishing and distributing CD-ROM based software. In 1990, the company prospered because it was involved in educational software products.
Softkey paid $600 million for The Learning Company (TLC) in 1995, thanks to increasing profits. Despite paying $400 million for Broderbund, the company lost money for the next two years. TLC was then sold to Matter for $4.2 billion in 1999. It was one of the most disastrous acquisitions in history as Mattel made no profit and lost $3 billion in shareholder value. The loss was devastating, and Mattel sued O’Leary for defrauding them, but he denied the allegations.
He then invested $500,000 in StorageNow Holdings and sold his shares for $4.5 million. Kevin has also founded other companies, including O’Leary Funds, which has over $1 billion in capital, O’Leary Ventures and ETFs and Investments.
In addition to business, he also engaged in media appearances. These appearances included Dragons’ Den and Shark Tank on the Discovery Channel, Discovery Project Earth on the Discovery Channel, The Lang and O’Leary Exchange on CBS, and Redemption Inc.
Kevin O’Leary’s achievements and awards
Besides being rich, Kevin O’Leary managed to write three books. The Cold Hard Truth: About Work, Money, and Life, The Cold Hard Truth About Men, Women, and Money, and The Cold Hard Truth About Family, Kids, and Money are the titles of these books.
Kevin O’Leary Net Worth in 2023
Kevin O’Leary’s net worth is estimated to be $450 million as of August 2023. Due to his tough approach to business tycoons and entrepreneurs on Dragons’ Den and Shark Tank, he is popularly known as “Mr. Wonderfully.” Most of his wealth comes from the sale of Softkey software products, which he co-founded. Kevin O’Leary’s numerous investments are another source of income that has increased his net worth.
Kevin O’Leary’s net worth of $450 million guarantees that nothing on this planet is impossible and that you can succeed in business if you invest wisely. You understand when it’s time to sell your business. He may have been accused of defrauding investors by buying Softkey, but the man simply knew when to sell before the technology developed.
Wife of Kevin O’Leary, Marriage
Kevin O’Leary and his wife Linda have two children. They have been married since 1990. They previously divorced in 2011 but remarried in 2014.