Mr. Wonderful is Kevin O’Leary’s nickname. Kevin was born on July 9, 1954, in Montreal, Quebec, Canada. He was born to his father of Irish descent, and a Lebanese mother. His father was a salesman, and his mother was a small business owner and investor. Kevin has a brother called Shane O’Leary. Below is the info about Mr. Wonderful Net Worth.
Kevin’s O’Leary’s parents divorced when he was very young. His father had an alcoholism problem, and his mum couldn’t cope up with it. His dad died shortly after the divorce. Kevin’s mother continued with her business as an executive. Later on, his mother married George Kanawaty, who an economist was working with UN’s International Labour Organization. They were forced to keep moving across countries due to his job postings. They moved to such countries as Cambodia, Tunisia, and Cyprus.
Kevin O’Leary went to Stanstead College and St. George’s School, both in Quebec Canada. He attended the University of Waterloo for his undergraduate studies, graduating in 1977 with an honors degree in environmental studies and psychology in 1977. Kevin O’Leary proceeded with his education and acquired an MBA in entrepreneurship from Ivey Business School at the University of Western Ontario, and graduated in 1980.
How did he acquire his nickname, Mr. Wonderful? The story is, her colleague in Shark Tank, Barbara Corcoran called him ‘Mr. Wonderful’ after he managed to squeeze a 51% shareholding from a music publishing deal during the show. From then on the name stuck.
He says that what started as a cynical term, which turned out to be a new persona. He says “I show up at hotels and my reservation is under the name Mr. Wonderful,” he continued, “They don’t even know my real name. That’s just nuts.”
Mr. Wonderful Net Worth, Salary, House & Cars
Mr. Wonderful net worth is $400 million. His breakthrough came when he sold his company Softkey to Mattel.
He sold Softkey to Mattel at $4.2 billion. He built his foundation of wealth from this big sale.
Since then he has been investing in many other ventures. He also sold his shares in Storage Now making a profit of $4 million.
In 2008, Kevin co-founded O’Leary Funds, Inc, a mutual fund company.
He is also a prominent TV personality where he earns a good amount of money. Kevin is a co-host of a talk show on Canada’s national business TV channel. He also co-stars on CBC News Network’s “The Lang and O’Leary Exchange.”
O’Leary is also a key potential investor on the “Shark Tank” show. It is not known how much he earns, but his colleague Mark Cuban is said to earn $30,000 per episode. He could also be earning close to that amount.
Kevin O’Leary has bought luxurious homes with his war chest of wealth. He owns residences in Toronto, Geneva Switzerland and a cottage on Lake Joseph in Muskoka.
Kevin lives in a large house on Marlborough Street, in the stylish Back Bay section of Boston, Massachusetts, near the Charles River.
Mr. Wonderful owns a swanky fleet of luxurious cars. Some of these cars include, Honda CR-V ($ 40,800), Ford Mondeo ($ 27,000), Audi A3 ($ 26500), BMW 4 Series ($ 47,000), and Ford Kuga ($ 36,000),
The career that Gave Mr. Wonder Ful (Kevin O’Leary) $400 Million Net Worth.
Kevin’s O’Leary venturing into business was inspired by his late mother, who had never spoken about her investments until she died. O’Leary was shocked to find that her mother’s will was full of large investments. She would invest one-third of her weekly pay in dividend-paying stocks, interest-bearing bonds that were high yielding. He adopted his one third investment policy from his late mum.
O’ Leary wanted to be a photographer at a young age, but his step-father advised him to attend University. He worked very hard, getting an honors degree, and a master’s degree. This is what inspired his business life.
Kevin O’Leary, his business partner John Freeman, and Gary Babcock founded Softkey, a maker and distributor of CD-ROM based personal computer software or Windows and Macintosh computers during the late 1980s and 90s. This was a very lucrative business at the time when there was a modern computer genesis. They went ahead to acquire rival businesses such as Compton’s New Media, The Learning Company and Brøderbund. Kevin O’Leary later changed the company to The Learning Company (TLC).
The Learning Company was later acquired by Mattel in 1999 at the price of $4.2 billion. This sale is what Kevin a multi-millionaire.
O’Leary was later to be fired from the company due to the legal tussles that began immediately the company was bought. Mattel’s shareholders filed a suit accusing the Mattel’s executives, O’Leary and TLC CEO Michael Perik of misleading investors about the financial status of the company.
They were accused of inflating revenues to hide the losses. O’Leary and team defended themselves. Mattel was made to pay $122 million to settle the suit in 2003
Kevin later in 2008, co-founded a mutual fund company that deals on global investments with his brother.
In 2008 he appeared on Discovery Channel‘s Project Earth.
Since 2009, Kevin has featured as a key investor on Shark Tank, which is the American version of Dragons’ Den.
In 2017, Mr. Wonderful campaigned to be the leader of the Conservative Party of Canada. He was a favorite in the polls but he dropped out in April the same year before the elections, claiming he had little support in Quebec.
Kevin has authored several books; Cold Hard Truth: On Business, Money & Life, and The Cold Hard Truth on Men, Women, and Money: 50 Common Money Mistakes and How to Fix Them.
He is famous for such quotes as:
“Working 24 hours a day isn’t enough anymore. You have to be willing to sacrifice everything to be successful, including your personal life, your family life, maybe more. If people think it’s any less, they’re wrong, and they will fail.” – Kevin O’Leary
“I want to go to bed richer than when I woke up. The pursuit of wealth is a wonderful thing, but the thing is you have to be honest about it, you have to tell the truth.” – Kevin O’Leary
“There is a discipline required as an entrepreneur about working to optimize the business. There is no balance in life as an entrepreneur. You can’t expect to work 9 to 5 that’s never going to happen. You have to expect that it is going to consume your life for some time. That’s the downside, but the upside is that you buy yourself freedom in perpetuity.” – Kevin O’Leary
Mr. Wonderful is married to Linda O’Leary.
They got married in 1990. The couple divorced in 2011, but they later remarried. They have two children, Trevor who is a music producer and Savannah O’Leary their second-born daughter.
Kevin O’Leary is famous for his aggressive bargain on the Shark Tank show, against other entrepreneurs. He has a way of getting what he wants. Kevin is also very calculative in his business dealings. Kevin harbors political ambitions. The star aspires to become the presidential candidate for Canada’s Conservative Party. Due to his work on TV and business, Kevin has had a great influence on many people’s lives.
|Kevin O’Leary wiki-bio||Description|
|Full name||Kevin O’Leary|
|Date of birth (age)||July 9, 1954|
|Birthplace||Montreal, Quebec, Canada|
|Net worth||$400 million|
|Ethnicity/Race||Irish and Lebanese|
|Children||2 (Trevor and Savannah)|