What is David Siegal Net Worth?
David Siegel Net Worth is US $ 500 Million as of 2022.
|Net Worth||US $ 500 Million|
|Born:||May 3, 1935 (88 Years)|
|Full Name||David Alan Siegel|
|Height||5 feet, 8 inches|
|Country of Origin||United States of America|
|Source of Wealth||Timeshares, Real Estate, Construction, Hotel and Apartment Management, Travel Services, Insurance, Transportation, and Retail.|
|Spouse(s)||Jackie Mallery (m. 2000) Bettie Irene Tucker (m. 1970 – div. 1997) Geraldine Florence Sanstrom (m. 1961 – div. 1968)|
|Children||Victoria Siegel, Jonquil Siegel, Daniel Siegel, Debbie Siegel, Drew Siegel, Steven Siegel, Richard Siegel, Jordan Siegel, Valarie Siegel, Susan Siegel, David Siegel, Jacqueline Siegel|
|Famous For||Businessperson, Entrepreneur|
Table of Contents
The founder, CEO, and president of Florida-based Timeshare resort company Westgate Resorts Ltd. is American entrepreneur David Alan Siegel. He is also the President and CEO of Central Florida Investments Inc. and CFI Resorts Management Inc. Real estate, hotel and apartment management, construction, insurance, travel services, transportation, and retail are some of his other commercial endeavors. Siegel, who was born in Illinois, was brought up in Florida.
Before enrolling at the University of Miami to study marketing and management, he attended Miami Senior High School. He finally left University though. Siegel started CFI in his family’s garage in 1970. By opening a 16-unit resort at Westgate Vacation Villas in 1982, he founded the Westgate family of resorts. Since then, the business has opened outlets in 28 various cities and towns throughout the country. An award-winning 2012 documentary film, “The Queen of Versailles,” is about Siegel, his wife Jackie, and their Versailles home. He formerly owned an arena football franchise, the Orlando Predators. David Siegel Net Worth is US $ 500 Million as of 2022.
A former Westgate employee named Dawn Myers sued David Siegel for s*xual harassment, and David Siegel was found to be at fault.
He exchanged lives with actor Jeremy London in the ABC reality series “Celebrity Wife Swap.”
Siegel has ten biological children and two adopted more. He married Geraldine Florence Sanstrom in 1961, and they were married until 1968. Siegel married Bettie Tucker in 1970, and the couple was married until their divorce in 1997. He remained the primary caregiver for each of his children. He began dating Jackie Mallery in 1998, and they married in a Jewish ceremony in 2000. In June 2015, the Siegel’s 18-year-old daughter, Victoria Siegel, was discovered unconscious at their Windermere home. She was rushed to the hospital and pronounced dead. When the cause of death was determined to be a heroin overdose, David was inspired to speak out strongly against drug abuse.
Dawn Myers, a former Westgate employee, filed a s*xual harassment complaint, which resulted in David Siegel’s liability being established in 2008. After a Florida trial, a jury awarded her US$5.4 million, but the judge reduced it to US$ 610,000. Myers’ allegation of battery under state law resulted in a trial judgment of US$ 103,622 in compensatory damages and US$ 506,847 in punitive damages.
Siegel was one of the designers of the Mystery Fun House, an Orlando tourist attraction that opened on March 29, 1976, and lasted until 2001. He was also a producer on the 2002 film “Night Terror.” He is currently the President and CEO of Westgate Resorts, Ltd., a highly successful Timeshare company. In addition to his work with Westgate, he is the CEO of Central Florida Investments, Inc. and Central Florida Investments Resorts Management, Inc. His investment firm is active in the tourism, transportation, retail, telecommunications, and construction industries.
Despite Siegel’s former net worth of more than US$1 billion, the 2008 financial crisis had a negative impact on all of his business ventures. In an email to all of his employees in 2012, he threatened to fire all of his employees if President Obama were re-elected. He threatened to do it, but he never did. In 2015, he appeared on ABC’s reality show “Celebrity Wife Swap,” exchanging lives with actor Jeremy London.
- He also produced the film “Night Terror” in 2002.
- He is the president and CEO of Westgate Resorts, Ltd., a highly successful timeshare company.
Favorite Quotes from David Siegel
“I have enough money for the rest of my life and enough to leave a good inheritance for our kids.”– David A. Siegel
“I wanted to let my employees know what will come if they make the wrong choice. They need to worry if Obama gets reelected.”– David A. Siegel
“I was making so much money I didn’t care. I didn’t know what to do with the money.”– David A. Siegel
“I doubt if there will ever be another Republican president in my lifetime.”– David A. Siegel
“Business is at the heart of America and always has been.”– David A. Siegel
Frequently Asked Questions
David Alan Siegel.
Central Florida Investments Inc. has been led by David Siegel since 1971.
Jackie Mallery is the current wife of David Siegal.
David Siegel is 87 years old as of 2022.
American entrepreneur David Alan Siegel was born on May 3, 1935. He founded Westgate Resorts Ltd., a Timeshare resort company with locations in Florida, and currently serves as its President and CEO. He has two adopted children and ten biological children. In addition to running CFI Resorts Management Inc. and Central Florida Investments Inc., Siegel is also involved in real estate, construction, managing hotels and apartments, travel services, insurance, transportation, and retail. David Siegel Net Worth is US $ 500 Million as of 2022.