Marcus Lemonis, born as Marcus Anthony Lemonis is an American businessman, investor, television personality, philanthropist, and politician. A tough competitor to American businessman Steve Wynn, Marcus, besides being the star of the CNBC reality show The Profit, is also the chairman and CEO of Camping World, Good Sam Enterprises, Gander Outdoors and The House Boardshop.
Lemonis, who has not revealed much about his personal life is regarded as one of the wealthiest businessmen in America. So, how much is his net worth? What about his salary from his reality show? Let's know all about Lemonis salary, house and net worth in this section.
How much is the Net worth of Marcus Lemonis?
The 44-years old entrepreneur's net worth is not announced officially, however, he is estimated to have a net worth of $900 million. Well, that's a big sum of money. But his massive net worth is not an easy money, instead, it's an outcome of his hard work and passion for his work. Let's get to know his career in precise.
Business Carrer Earnings: The Professional beginning
Marcus, who had been exposed to the automotive industry as a child eventually took his first step into the field 1997. He started his career performing sales and managerial roles in AutoNation. Following this, Marcus served as the CEO of Holiday RV Superstores Inc. from June 2001 to February 2003 and later merged his company with Camping World and with Good Sam Enterprises in 2006 and 2011 respectively.
The growing company reportedly in 2016 made $5,063,346. Marcus was paid a salary of $1,125,000 and $3,875,000 as his bonus.
Marcus Lemonis, the CEO of Camping World Holdings Inc.
Besides his investment in the Camping World, Marcus also utilized his money in Rose's Bakery & Wheat Free Cafe. Marcus reportedly signed a check of $200,000 to own the business from the previous owner who was about to close the firm of bankruptcy.
Further, Lemonis also agreed to invest $150,000 for next 18 months in the bakery which was set to close on the Christmas eve of 2012. Later in March 2014, the bakery established its chain in a second location in Highland Park, Illinois. However, the yearly income from the business is not disclosed.
The main sponsor of the NASCAR World Truck Series camping, Marcus, in October 2016, made his Camping World public in the New York Stock Exchange with the value of $22 per share, marking the market value of company approximately $2 billion.
Have a look at Marcus' celebration after making Camping World in the NYSE.
— NYSE (@NYSE) October 7, 2016
As per the report on May 1, 2017, Marcus Lemoni's company traded above $31 per share. That's a business mastermind.
Lemonis, who became the star of the CNBC reality show, The Profit in 2013, reportedly invested $35 million on the show. The show provided the revenue of $100,000 leading him to loss of approximately $4 million.
In the TV show, Marcus Lemonis offers struggling small businesses capital investment and his expertise in exchange for an ownership stake in the company. Lemonis, on the 2nd episode of the 5th season in November 2017 offered a deal of $3 million loans to Tumbleweed Tiny Homes for 75% of the equity.
Unbelievable moments of the show, The Profit