Kevin O’Leary is a businessman, politician, author and television personality from Canada. He appeared on a number of Canadian television shows from 2004 to 2014 including the business nes programmes SqueezePlay and The Lang and O’Leary Exchange and also the reality television show Dragon’s Den and Redemption Inc. What is his net worth? Let’s find out about it here.
Kevin O’Leary’s Net Worth
According to some online sources, Kevin O’Leary has a net worth of $400 million. He collects this net worth from his work as an author, businessman, politician and television personality. He is also popular because he is the founder of software company SoftKey International and reality television shows entitled Dragon’s Den and Shark Tank.
According to Style website, Kevin O’Leary is in the second position of the richest Shark Tank cast members where he has a net worth of $400 million. In the first position, there is Mark Cuban with $4.5 billion.
Kevin O’Leary’s Early Life
The full name of Kevin O’Leary is Terence Thomas Kevin O’Leary. He was born on July 9th, 1954 in Montreal, Quebec, Canada. He is one of two sons. His mother’s name is Georgette who is a small business owner and investor of Lebanese descent and his father’s name is Terry O’Leary who is a salesman of Irish descent. Kevin has a brother named Shane O’Leary. Because of his paternal heritage, O’Leary also holds Irish citizenship and brings an Irish passport.
In the Town of Mount Royal, Quebec, Kevin O’Leary grew up. His parents decided to divorce when he was a child. When he was 7 years old, his father passed away and after that, his mother ran the business as an executive. Then, his mother married an economist named George Kanawaty. He worked with the UN’s International Labour Organization. Kevin O’Leary was a student of Stanstead College and St. George’s School in Quebec.
His mother was an investor who was skillful. She invested a third of her weekly paycheque in large-cap, dividend-paying stocks and interest-bearing bonds so that she achieved high returns in her investment portfolio. Kevin’s mother kept her investment portfolio as a secret. So, Kevin O’Leary could find that his mother was skillful as an investor after she died when her will was executed. He learned a lot about investment from his mother including the admonition to save one-third of his money.
Kevin O’Leary wanted to be a photographer. However, his stepfather gave him advice to attend university and he obeyed it. So, Kevin O’Leary went on to develop his interest in business and investing.
In 1977, he achieved an honors bachelor’s degree in environmental studies and psychology from the University of Waterloo. In 1980, he got an MBA in entrepreneurship from the Ivey Business School at the University of Western Ontario.
Kevin O’Leary’s Career
In 1979, when he was in between the first and second years of his MBA program, he was chosen for an internship at Nabisco in Downtown Toronto. Then, he worked as an assistant brand manager for Nabisco’s cat food brand.
Kevin O’Leary left Nabisco and then he started a brief career as a television producer. He became the co-founder of Special Event Television (SET) with two of his former MBA classmates namely Scott Mackenzie and Dave Toms. It was an independent television production company which produced original sports programming including Don Cherry’s Grapevine, The Original Six, and Bobby Orr and the Hockey Legends. This company obtained limited success with minor tv shows, sports documentaries, soccer films and short in-between- period commercials for local professional hockey games. Then, one of his partners purchased his share of the venture for $25,000.
After he sold his share of SET, then in 1986 he began the software company named SoftKey in a Toronto basement with business partners John Freeman and Gary Babcock. Then, a major financial backer withdrew their $250,000 commitment. Kevin O’Leary used his $25,000 SET share money and a $10,000 investment loan from his mother to build the company. The company was a publisher and distributor of CD-ROM-based personal computer software for Windows and Macintosh computers. A number of educational software products were developed by this company. In 1993, this company had become a major consolidator in the educational software market after it acquired rival companies such as Spinnaker Software and WordStar.
In 1995, this company acquired The Learning Company (TLC) for $606 million and SoftKey adopted the TLC name. Mattel bought TLC for $4.2 billion in 1999 and then O’Leary left the company following a drop in sales and earnings for Mattel.
In 2003, Kevin O’Leary was a co-investor and a director of the company Storage Now. Then, there were a number of development projects and acquisitions in Storage Now which then makes this company Canada’s third largest owner/ operator of storage services. This company had facilities in eleven cities which serve major companies such as Merck and Pfizer. In March 2017, it was acquired for $110 million.
In September 2011, his first book entitled Cold Hard Truth: On Business, Money & Life was released. In 2012 and 2013, he released two follow ups. How about his TV appearance? Kevin O’Leary appeared on tv in 2006 as one of the five venture capitalists on the CBC show entitled Dragons’ Den. In 2009, he was invited to join Shark Tank. He appeared on both of these shows and then he left Dragons’ Den in 2014.
In 2008, he became the co-host of Discovery Project Earth on Discovery Channel. He also had a segment on CBC News Network with journalist Amanda Lang entitled The Lang and O’Leary Exchange in 2009. And in 2012, he produced and hosted his own reality show entitled Redemption Inc. On that show, he tried to help ex-convicts to begin their own businesses.
On January 18th, 2017, he got into the Conservative leadership race. During he was doing his campaign, he was often compared by the press to US President Donald Trump. On April 26th, 2017, officially he left the leadership race.