Marcus Lemonis Net Worth - The Complete Breakdown of His Wealth
Grab all the details on the net worth of the Lebanese-born American businessman, television personality, philanthropist, and politician Marcus Lemonis.
Marcus Lemonis is well known as the CEO of Camping World, Good Sam Enterprises, Gander Outdoors, and The House Boardshop. Marcus is also the star of 'The Profit,' a CNBC reality show about saving small businesses.
Lemonis, who is married to his wife, Roberta Raffel, is a successful businessman and also has made a vast fortune from his businesses. But how much wealth does the 46-year-old hold at present? Let's find out.
What is Marcus Lemonis' Net Worth?
According to Wealthy Gorilla, Marcus Lemonis holds an estimated net worth of $500 million as of 2022. He made this incredible fortune from his work as an American businessman and reality television personality. He is currently the chairman and CEO of Camping World, Good Sam Enterprises, Gander Outdoors, and The House Boardshop, and additionally, he runs the CNBC reality show 'The Profit.'
Currently, Marcus Lemonis holds an estimated net worth of $500 million.
Marcus Lemonis started his working life in his grandfather's car dealership, Anthony Abraham Chevrolet. In 1997, AutoNation acquired the dealership, and Lemonis got several sales and managerial roles with AutoNation. Lee Iacocca, Lemonis' old mentor, and his family's friend helped Lemonis start and acquire Holiday RV Superstores.
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Lemonis served as the CEO of Holiday RV Superstores Inc. from June 2001 to February 2003. After that, he became the co-founder of Freedom Roads and began acquiring RV dealerships. In 2006, the company merged with Camping World with Lemonis as CEO. During his time with Camping World, Lemonis teamed up with NASCAR and sponsored driver John Andretti. In 2007, Camping World took sponsorship of the NASCAR East Series from Busch Beer for the 2008-09 seasons, rebranding it the NASCAR Camping World Series.
Marcus's company Camping World has sponsored many racing series.
In the same year, Camping World also the then Craftsman Truck Series, rebranding it the NASCAR Camping World Truck Series. This made the company one of the sport's top three sponsors. In 2014, Lemonis teamed up with NASCAR to renew Camping World's sponsorship of the Truck Series through 2022. In 2011, the company merged with Good Sam Enterprises, with Lemonis retaining the CEO role.
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In October 2016, Camping World went public on the New York Stock Exchange at $22 a share, giving the company a market value of approximately $2 billion. Back on February 5, 2020, Camping World was trading at $16.08 per share.
Marcus Lemonis Real Estate Ownerships
In September 2018, Marcus Lemonis bought a 1930 Walter Frazier-designed home for $1.85 million. The former owner of the house was Ralph Austin Bard, the Navy undersecretary during World War II. The 6,500-square-foot home is situated on 1.24-acre land. Five months later, Marcus put the house on sale for $2.5 million.
Marcus Lemonis owns several expensive houses.
Lemonis had also purchased a 2006-built Georgian mansion next door at 1015 Spring Lane for nearly $5 million in August 2013. In August 2016, Lemonis sold another multi-million dollar Lake Forest house, a French Normandy mansion at 690 S. Ridge Road, which he had purchased for $4.9 million. He sold the property for $2.7 million.
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Marcus also used to own a condo on Chicago's Gold Coast. He sold the property in June 2018 for $3.25 million. Additionally, he also owns a home in Montecito, California, that he bought for $6.85 million in March 2017.
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