Marcus Lemonis Net Worth, His Investments Save Small Businesses
Marcus Lemonis is an American TV personality, Investor, and businessman from Lebanon.
Currently, he is the CEO and chairman of some companies such as Camping World, Gander Outdoors, Good Sam Enterprises, and The Houses Boardshop.
Marcus Lemonis got his fame because of hosting a CNBC reality show, “The Profit”.
It’s a show about saving small businesses.
Through the show, he has helped some troubled businesses. Ha started his career as a politician in 1996.
For the Camping World, Marcus Lemonis owns over 38 million shares.
Because of his successful businesses, Marcus Lemonis net worth is estimated at $900 million.
Who Is Marcus Lemonis
Lemonis is an excellent business mind. He started learning the technique of business at a very early age.
Marcus Anthony Lemonis was born on November 16, 1973.
He was born in Beirut, Lebanon, in which the chaos of civil war and foreign invasions was happening.
Marcus Lemonis age as of this year is 46 years old. So, that’s the answer to how old is Marcus Lemonis.
When he was still an infant, Lemonis was adopted by a Greek couple living in Florida, Lao and Sophia Lemonis.
Since childhood, Marcus was exposed to the industry of automotive.
His grandfather owned 2 of the largest Chevrolet dealerships in America.
In 1995, he attended to college studying political science and a minor in criminology at Marquette University.
A year after graduating, Marcus Lemonis unsuccessfully ran as a Democrat to get a spot in the Florida House of Representatives.
Then, he decided to refocus on the career as a businessman in the automotive industry, instead.
Business Career, Marcus Lemonis Companies
Marcus Lemonis started his business career in the Automotive industry.
He worked for a car dealership in South Florida owned by his grandfather.
The dealership named “Anthony Abraham Chevrolet”. AutoNation acquired the dealership in 1997.
Under the new ownership, Lemonis subsequently held several managerial and sales roles.
Then, Lee Laccoca approached Marcus Lemonis to get him joining the RV business to create the largest RV chain in the US.
Lee Laccoca loaned Lemonis millions of dollar to help him start and acquire Holiday RV Superstores.
Marcus Lemonis served as the CEO of the store from 2001 to 2003.
Then, he co-founded Freedom Roads company and acquired RV dealerships.
In 2006, the company merged with Camping World and it merged again with Good Sam Enterprises in 2011.
Marcus Lemonis served as CEO both of the times.
2004, Marcus Lemonis decided to team up with NASCAR for the first time.
Camping World took over sponsorship of the NASCAR East Series for one season of 2008-2009.
The name rebranded to be NASCAR Camping World Series.
Then, they also sponsored the Craftsman Truck Series, rebranding it as the NASCAR Camping World Truck Series.
That made the company be in the top 3 sponsors of sport.
In 2014, The NASCAR Camping World Truck Series will be running until 2022.
In 2016, Camping World went public on the Stock Exchange of New York.
The company worth $22 a share. It made the market value of Camping World reaching $2 billion.
In 2017, Camping World acquired the assets of Gander Mountain, camping, hunting, and fishing gear retailer.
Still, in the same year, Camping World acquired the House Boardshop.
It’s an online retailer specializing in skateboards, snowboards, bikes, and outdoor gear.
Marcus Lemonis’s debut as the reality show star is when he was a host on 2 episodes of Celebrity Apprentice from NBC.
The show is about marketing-related challenges.
In 2012, he appeared on an episode of Secret Millionaire on ABC channel to help local charities.
Marcus Lemonis started the reality show from CNBC called “The Profit”.
In that show, he’s on the hunt to save small businesses in 2013.
After its third season, Marcus had invested over $35 million in the chosen businesses in that show.
In 2017, Marcus Lemonis starred “The Partner”. He also served as co-producer on that show.
It’s a CNBC program where he searched for a manager to help him manage the businesses he invested on the previous show.
Here are All TV shows that Marcus Lemonis got involved as the host:
- The Profit
- The Profit: An Inside Look
- The Partner
- El Socio
- O socio
Marcus Lemonis Personal Life
Marcus Lemonis had a hard time to find the ideal women.
Finally, at the age 44, Marcus Lemonis married a businesswoman Bobbi Raffel, in February 2018.
They both had an intimate wedding ceremony in Los Angeles.
Then, The busy schedule that they had forced to cancel the Honeymoon.
So, if the question “Is Marcus Lemonis Single?” still come to mind, the answer would be no.
One of Marcus Lemonis quotes is “People for me is the only reason that businesses fail or they survive”.
One of the achievements that Marcus Lemonis received is from RV Business Magazine in 2007 as the Newsmaker of the Year.
How Did Marcus Lemonis Make His Money
Marcus Lemonis earned huge amount of money through his reality show appearances.
But, The main source of income is from his business empire.
One of his business, Camping World had a market value of over $2 billion.
The other companies he owned also had a big market value.
Marcus Lemonis had invested in many small businesses that became more and more profitable through time.
Marcus owns a Lake Forest house in Chicago that worth $2.7 million.
In 2005, he purchased a mansion for about $5 million. He likes to splurge his money on expensive wardrobe.
Marcus even had some fashion boutiques called “Marcus” that now has about 20 locations around America.
Marcus Lemonis owns a Rolls-Royce Ghost series and some other more expensive cars.
Then, he also owns a private jet.
Adopted by the Wealthy Greek family probably became one of the biggest reasons why Marcus Lemonis could pursue what he has right now.
Even though, he is considered as a multi-millionaire businessman. Marcus Lemonis hasn’t enriched his personal life.
That huge amount of net worth he got, it’s because of his business empire, his investments, and his reality show appearances, combined.
As of this year, Marcus Lemonis net worth is estimated to be $900 million.