How Marcus Lemonis Net Worth Reached a Massive $900M

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Jeevitha Ganesh
Jeevitha is a to-be Chartered Accountant by chance and a writer by choice. She has been passionate about reading books and writing, since forever.

Marcus Lemonis is one of the renowned businessmen, Investor, television personality and philanthropist in America. The business magnate, who began a career in his grandfather’s car dealership, is today a major investor in several business ventures and also the host of the TV show “The Profit”. Lemonis’ net worth estimates at $900 million in 2018, owing to some impressive investments.

Early Life

Marcus Anthony Lemonis was born in Beirut, Lebanon. He was born during the chaos of civil war and foreign invasions, and he was adopted by a Greek couple in Miami, Florida when he was just an infant.

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He earned a bachelor’s degree in political science and a minor in criminology from Marquette University in Milwaukee.

Lemonis married Ila Penfold in 2003, and the couple filed for a divorced which got finalised in 2017. Currently, he is married to Roberta “Bobbi” Raffel.

Career

Entrepreneur

Lemonis’ grandfather owned two of the largest Chevrolet dealerships in the United States, and thus Lemonis grew an interest in the automotive industry.

He initially worked for his grandfather’s car dealership in South Florida and eventually assumed several sales and managerial roles.

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In 2001, Lemonis started Holiday RV superstores with the help of his family friend Lee Laccoca and served as the CEO of Holiday RV Superstores Inc. till 2003.

He then co-founded a company called FreedomRoads, and in 2006, the company merged with Camping World, with Lemonis as CEO and again in 2011, Good Sam Enterprises, and again Lemonis became the CEO.

Apart from Camping World, Lemonis is also an major investor of several other ventures including Rose’s Bakery Wheat Free Café, Amazing Grapes, Betty Lou’s Crumbs Bake Shop, Dapper Classics, E-Net IT Group, Key West Key Lime Pie Co., Little Miss Baker, Tonnie’s Minis, Mr. Green Tea, ProFit Protein Bars and Sweet Pete’s.

He also expanded his automotive industry with two other businesses from The Profit: 1-800-Car Crash, an automobile buying service and AutoMatch USA, which specialises in pre-owned automobiles and accessories.

Camping World recently acquired Gander Mountain, a camping, fishing and hunting gear retailer and The House Boardshop, an online retailer specialising in bikes, sailboards, skateboards, wakeboards, snowboards and outdoor gear.

Television Personality

Lemonis has produced four episodes of TV series “The Partner” and the movie “I Really Hate My Ex”. He currently hosts the CNBC reality series “The Profit”. He has also made cameo appearances in TV shows like Hollywood Game Night, Ridiculousness, The Doctors, The Meredith Vieira Show and The Apprentice.

Recognition

Marcus Lemonis was named “Newsmaker of the Year” by RV Business Magazine in 2007. He was featured in the 2005 edition of “40 under 40” in Crain’s Chicago Business. Ernst & Young named him, “Entrepreneur of the year” in 2008.

Marcus Lemonis Net Worth

Lemonis is almost a billionaire with a net worth of whopping $900 million. The business tycoon, who is also a television personality, has built his empire by investing in several ventures and properties.

House

Lemonis has invested in a good number of house properties. The multi-millionaire lives in his 7,405 sq. ft. house in the city of Lake Forest with six bedrooms and 8.5 bathrooms. He bought a mansion in Montecito, California for $6,850,000. The 8,100 sq. ft. house sits on a 2-acre land.

He owns another 4,696 sq. ft. mini-mansion in Wellington which was purchased in 2013 for $1.5 million. Lemonis has an apartment at a Park Avenue High Rise on New York City’s Upper East Side, which he bought in 2015. He owns yet another $3 million luxury apartment in Chicago.

Philanthropy

Lemonis is also a philanthropist. In 2015, in partnership with Marquette University, he raised $1 million to plan a clothing drive citywide to help the homeless people of Milwaukee.

He is also a regular contributor to several organisations like National Voices for Equality, Education and Enlightenment, St. Jude Children’s Research Hospital, Ravinia Festival, Lincoln Park Zoo, Zacharias Sexual Abuse Center, Neat Stuff, Joffrey Ballet Bridge Program, to name a few.

His Company Camping World and Good Sam launched Project Good Samaritan under his guidance, which requires a team of nearly 7000 employees to volunteer 32 hours per year to causes that are meaningful to them.

Conclusion

Lemonis is one of the most ambitious entrepreneurs who has come a long way.  The 44-year-old Lemonis is not just all money, but also has a generous heart and follows the philanthropic ethics even in his business. Lemonis, who is currently the host of CNBC reality show “The Profit”, also has plans to star in few other TV shows in the future. With the background that Lemois carry, his achievements are quite inspiring, and we can safely assume that there will be more growth in his business and his career and investments as a whole.

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