David A. Siegel Net Worth
David Alan Siegel net worth is
$500 Million
David Alan Siegel Wiki Biography
David Alan Siegel, a businessman, is famously known as the founder, president, and CEO of the national timeshare company, Westgate Resorts Ltd. He is also recognized for his appearance in the documentary “The Queen of Versailles”.
According to sources, Siegel has amassed a net worth of over $500 million as of mid-2016, established through his various business ventures. His assets include a famous Versailles house, and a 90,000 square-foot estate in Florida, still under construction and expected to be valued at over $100 million, making it the fourth most expensive home in the USA.
David A. Siegel Net Worth $500 Million
Siegel was raised in a Jewish middle-class family who owned a grocery business. In 1945, his family moved from Chicago to Miami, where he attended Miami Senior High School. After matriculating in 1953, he enrolled in the University of Miami to study marketing and management, eventually dropping out of college to pursue a career as a real estate broker.
In 1970, Siegel founded a real estate development company called Central Florida Investments Inc.. Over the years, the company’s success grew, and today it represents the largest privately owned company in the Central Florida area, with Siegel serving as its CEO.
In 1982, he founded Westgate Resort at Westgate Vacation Villas, which has since functioned as a subsidiary of Central Florida Investments, Inc.. The company saw enormous success, now comprising 28 resorts in the USA. Its holdings include Westgate Lakes Resort & Spa, Westgate Towers, Westgate Smoky Mountain Resort & Spa, among many others. In 2014, the company purchased several properties including Las Vegas Hotel & Casino, the Cocoa Beach Pier, and the Orlando Predators football team. Westgate Resorts/Central Florida Investments Inc. have evolved into one of the largest privately-owned timeshare companies in the world.
Aside from the Westgate Resorts, Central Florida Investments, Inc. manages various other businesses such as condominiums, real estate, constructions, hotels, apartments, insurance, magazines, travel services, retail, and telecommunications, with properties located in several states. Siegel’s hard work and success have brought him numerous honors and awards, recognizing his contributions to the industry and community service.
He was also featured in the documentary “The Queen of Versailles” in 2012, along with his wife Jackie Siegel, portraying the couple’s building of their Versailles home, as well as the financial challenges they faced during the Great Recession.
Despite his philanthropic efforts, Siegel has been involved in controversy including lawsuits filed against him and his political endeavors.
| Net Worth | $500 Million |
| Date Of Birth | May 3, 1935 |
| Place Of Birth | Chicago, Illinois Indiana, United States |
| Profession | Businessman, entrepreneur, founder of Central Florida Investments Inc., Westgate Resorts Ltd |
| Education | Miami Senior High School, University of Miami |
| Nationality | American |
| Spouse | Geraldine Florence Sanstrom (1961–1968), Bettie Irene Tucker (1970–1997), Jackie Mallery (2000–present) |
| Children | Steven, Valerie, Richard, Susan “Stacey” Siegel, Jonquil Peed (adopted, 1994), Victoria (1996-2015), David, Daniel, Debbie, Drew, Jacqueline & Jordan |
| Parents | Sidney and Sadelle Siegel |
| Siblings | Barry Siegel |
| https://www.facebook.com/JackieSiegelUSA | |
| IMDB | www.imdb.com/name/nm1034262 |
| Awards | Entrepreneur of the Year for the State of Florida, “Entrepreneur of the Year” (second in National competition), National Community Service Award (American Resort Development Association) |
| Nominations | Florida A&M University Honorary doctorate |
| Movies | “The Queen of Versailles” (2012) |
| # | Fact |
|---|---|
| 1 | Owns the largest single-family home in the United States, 86,000 square feet in Southern Florida. |
Actor
| Title | Year | Status | Character |
|---|---|---|---|
| Night Terror | 2002 | Policeman | |
| Held for Ransom | 2000 | Crime Scene Detective |
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