Dave Ramsey Net Worth (2024)

Entrepreneurs

Dave Ramsey Net Worth (1)

Published

7 months ago

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By

Emmy Wallin

Dave Ramsey Net Worth (2)

What is Dave Ramsey’s net worth?

Net Worth:$200 Million
Age:62
Born:September 3, 1960
Gender:Male
Height:1.88 m (6 ft 2 in)
Country of Origin:United States of America
Source of Wealth:Entrepreneur
Last Updated:March 8, 2023

Table of Contents

Introduction

As of February 2024, Dave Ramsey’s net worth is approximately $200 Million.

Dave Ramsey is an American radio show host and businessman from Tennessee.

Ramsey is best known for the syndicated radio program, ‘The Dave Ramsey Show’.

He has written numerous books including five The New York Times bestsellers.

Early Life

David Lawrence Ramsey III was born on the 3rd of September, 1960, in Antioch, Tennessee.

Both of Ramsey’s parents were real estate developers, so naturally, he was drawn into the industry from an early age.

Ramsey attended and graduated from Antioch High School and the University of Tennessee, Knoxville. His Bachelor of Science degree was in finance and real estate.

After graduating high school in 1978, Ramsey took the real estate license exam, still just 18 years old.

This allowed him to begin selling property whilst he was simultaneously attending university.

Career

Ramsey’s career initially began in 1978, whilst he was still attending college.

Given the background of his parents, Ramsey had always been keen to get involved in the real estate industry.

Real Estate

Dave Ramsey initially focused on house flipping during the early days of his career.

There were times during the house-flipping stage of his life when he made many mistakes regarding calculations of renovation costs, the value of his own time, and so on. Which led to a couple of big losses here and there.

Ramsey has since admitted that in those days, he often made the mistake of thinking every foreclosure property was a good deal.

By 1986, as a real estate investor, doing business as Ramsey Investments, Inc., he had built a rental real estate portfolio worth more than $4 million.

At this stage, Ramsey has a personal net worth of around $1 million and was making at least $250,000/year.

Filing for Bankruptcy

In order to build a real estate portfolio worth over $4 million, Ramsey had to borrow a lot of money from banks.

One bank, in particular, had loaned Ramsey roughly $1.2 million.

When the bank was sold to another bank, Ramsey’s situation was put under review, and it was decided that the loans would be called in.

Another bank received word of the situation, and they decided to call in the $800,000 that Ramsey owed them.

This meant that Ramsey would have to come up with $2 million within the next 120 days, all of which was tied up in his real estate portfolio.

In an interview on the Iced Coffee Hour Podcast, Ramsey explains:

“We spent the next 2 and a half years losing everything we owned, being sued and foreclosed upon.”

Dave Ramsey officially filed for bankruptcy in September 1988.

The Lampo Group, Inc

What’s most interesting about Dave’s story is that his initial downfall was what led to him achieving true wealth.

After filing for bankruptcy, Ramsey began learning more about money, and how he should be managing his finances.

Some of the biggest principles he learned during this time were:

  • Get out of debt
  • Stay out of debt
  • Live on less than you make
  • Have a budget
  • Have a plan

After following these principles even for just a short period of time, his situation began to improve; so much so that people noticed.

Friends and family began asking him how he was able to pull himself out of his financial troubles, and that’s what led to him giving financial advice to people at his local church.

In 1988, Ramsey founded ‘The Lampo Group, Inc’, a financial counseling service now known by the name of ‘Ramsey Solutions’.

The Dave Ramsey Show

In 1992, Ramsey started his radio career by co-hosting The Money Game with Roy Matlock of Primerica.

The radio show is known for its 3-hour call-in format, where members of the public can call in explaining their financial situation and asking Ramsey for financial advice.

Common situations included both people with money learning to how invest it properly, and people in debt looking to get out of it.

Over time, this local show on one radio station in Nashville turned into The Dave Ramsey Show.

Ramsey’s syndicated radio program, ‘The Dave Ramsey Show’, is heard on more than 500 radio stations throughout the United States and Canada, in podcast format, on IHeartRadio, the Dave Ramsey Show iOS application, live on YouTube, as well as live audio and video on DaveRamsey.com.

He has been featured on many media outlets including ‘The Oprah Winfrey Show’, ’60 Minutes’, and ‘The Early Show’.

He recorded a pilot and six unaired episodes of The Dave Ramsey Project for CBS.

Ramsey claims that investors can get a 12% average annual return, which is the rate he uses in financial analyses.

In 2010, Ramsey received criticism on social media sites for building a large and lavish home.

YouTube

The Ramsey Show YouTube channel was created in 2013, and it made the perfect platform for highlight videos of the show to be uploaded.

The channel now has over 2.3 million subscribers, and has been renamed to ‘The Ramsey Show – Highlights’.

The full-length shows can now be watched on a separate channel, just named ‘The Ramsey Show’.

People often prefer short-form content these days as opposed to watching a 3-hour show; taking multiple clips from a single show and publishing them as separate 10-minute videos have caused Ramsey’s YouTube channel to reach almost 1 billion views.

Dave Ramsey’s Net Worth

As of February 2024, Dave Ramsey’s net worth is $200 Million.

Highlights

Here are some of the best highlights of Dave Ramsey’s career:

  • Ramsey Solutions (1988)
  • The Dave Ramsey Show (Radio Program, 1992-)
  • The Money Game with Roy Matlock of Primerica (1992)
  • 2.3 million YouTube subscribers (2023)

Favorite Quotes from Dave Ramsey

“For your own good, for the good of your family and your future, grow a backbone. When something is wrong, stand up and say it is wrong, and don’t back down.” – Dave Ramsey

“Change is painful. Few people have the courage to seek out change. Most people won’t change until the pain of where they exceed the pain of change.” – Dave Ramsey

“You must walk to the beat of a different drummer. The same beat that the wealthy hear. If the beat sounds normal, evacuate the dance floor immediately! The goal is to not be normal because as my radio listeners know, normal is broke.” – Dave Ramsey

“Aristotle once said, “To avoid criticism say nothing, do nothing, and be nothing.” – Dave Ramsey

“Some people are just stuck in their ways and have been brainwashed into believing that credit cards and debt are an unavoidable part of life.” – Dave Ramsey

3 Inspirational Lessons from Dave Ramsey

Dave Ramsey Net Worth (3)

Now that you know all about Dave Ramsey’s net worth, and how he achieved success; let’s take a look at some of the lessons we can learn from him:

1. We Must Love

You know the saying, “It’s better to have loved and lost than never to have loved at all,” right? I know, we often dismiss cliches with a wave of the hand, but maybe it’s a truth so profound we can discuss it only with aphorisms.

Yes, we must love, even if it breaks our hearts—because, unless we love, our lives will flash by.

2. Love Isn’t Enough

Although we must love, love is not enough to survive: we must take action to show others we care, to show them we love. Yes, love is a verb.

3. Happiness is Not For Sale

We can’t buy happiness, yet we search the aisles, shelves, and pages of eBay in search of something more, of something to fill the void.

The stuff won’t make us happy, though—not in the long run, anyway. At best, material things will temporarily pacify us. At worst, they will ruin our lives: they will leave us empty, they will leave us depressed, and they will leave us even more alone – alone among a sea of trinkets.

The truth is we are all going to die, and heaping our tombs with treasure will not save us from this fate.

Frequently Asked Questions

How much is Dave Ramsey worth?

Dave Ramsey’s net worth is estimated to be $200 Million.

How old is Dave Ramsey?

Dave Ramsey was born on September 3, 1960, and is currently 63 years old.

How tall is Dave Ramsey?

Dave Ramsey’s height is 1.88 m, which is equal to 6 ft 2 in.

Summary

Dave Ramsey is a popular radio host who earned his net worth through his financial books, seminars, and the radio show “The Dave Ramsey Show”. This show is promoted with the tagline “It’s about your life and your money”.

As of February 2024, Dave Ramsey’s net worth is roughly $200 Million.

What do you think about Dave Ramsey’s net worth? Leave a comment below.

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Dave Ramsey Net Worth (4)

Emmy Wallin

Emmy Wallin is a writer for Wealthy Gorilla. She is a young Swedish girl from Uppsala, who is currently traveling around the world. Emmy has a big passion for helping others and motivating people.Emmy has been studying celebrities careers, biographies, lifestyles, and net worths for over 3 years. She is the face behind the net worth profiles here on Wealthy Gorilla.

Dave Ramsey Net Worth (5)

1 Comment

1 Comment

  1. Dave Ramsey Net Worth (6)

    Bob

    Mar 9, 2020 at 7:56 pm

    So he earn’t his money by talking about money?

    Reply

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Entrepreneurs

Dave Ramsey Net Worth (7)

Published

12 hours ago

on

Feb 21, 2024

By

Emmy Wallin

Dave Ramsey Net Worth (8)

What is Peter Jones’ net worth?

Net Worth:$400 Million
Age:57
Born:March 18, 1966
Gender:Male
Height:2.01 m (6 ft 7 in)
Country of Origin:United Kingdom
Source of Wealth:Entrepreneur
Last Updated:Feb 21, 2024

Table of Contents

Introduction

Peter Jones is a British entrepreneur and businessman from Berkshire, England.

Jones is the last remaining original investor on the BBC Two television show Dragons’ Den and on American television series American Inventor.

As of February 2024, Peter Jones’ net worth is roughly $400 Million.

Early Life

Peter David Jones was born on the 18th of March, 1966, in Berkshire, England.

As a teenager, he earned money from his two passions, tennis and business. He gave tennis lessons, being a good player himself.

By 21, Jones got married and had his own house.

He tried various ventures; Jones started manufacturing PCs in his mid-twenties.

He then opened a co*cktail bar after being inspired by Tom Cruise’s movie ‘co*cktail’.

Career

Peter Jones started a business making personal computers when he was 16, but after losing £200,000, he sold his brand to IBM.

Subsequently, this led to him losing his four-bedroom home and his cars, forcing him to move back in with his parents.

However, Jones then joined Siemens Nixdorf, and there, he was put in charge of the company’s computer division in the UK.

Having stabilized himself, in his mid-twenties, Jones opened a bar in Windsor based on the Tom Cruise film co*cktail.

Setting Himself Up

Between 1998 and 2007, Peter Jones launched Phones International Group and 10telecom, which he later sold to Vodafone.

He also founded Data Select, a mobile phone distributor; Wines4Business, an online retailer; and Celsius Resourcing, a biotechnology recruitment business.

In 2005, he launched The Peter Jones Foundation, which was a charitable organization to support the education of young women entrepreneurs.

A few years later, he founded the Peter Jones Enterprise Academy to teach entrepreneurial skills to folks in the United Kingdom.

As the Academy grew, Jones oversaw the creation of campuses in Sheffield, Manchester, Amersham, Southend, Oxford, and Leamington.

In addition to these companies and organizations, Peter Jones owns the television production company, Peter Jones TV.

He also owns numerous properties in some of the most expensive countries in the world, such as Portugal, Switzerland, Barbados, and Beverly Hills, California.

Jones’ Media Career

Peter Jones is the only remaining original member of the BBC reality series Dragons’ Den, and he has remained with the show since 2005.

The only time he’s been absent from the show was during season 18, when he self-isolated during the COVID-19 pandemic.

Through this program, Jones has invested in many businesses, including Levi Roots Reggae Reggae Sauce, Wonderland, and Worthenshaw’s.

In 2006, Jones sold his TV show idea, The Inventor, to the American Broadcasting Company, which spawned the show American Inventor.

Co-produced by Simon Cowell and Peter Jones TV, two seasons of the show were made, with the finale airing in 2007.

The same year, he signed a deal with ITV to be the new face of their business programming, and he began promoting his new show, Tycoon.

After its debut, Tycoon went on to inspire Tycoons in Schools, a youth enterprise competition that kicked off in 2012.

This competition is still going strong under the title Tycoon Enterprise Competition, and it is officially supported by the Peter Jones Foundation.

Jones’ Other Work

Peter James replaced Gordon Ramsay as the face of BT Business, a telecommunications holding company, in 2008.

In 2010, Peter Jones appeared with his Dragons’ Den co-hosts in the sixth season of Hustle, and he appeared on the Leigh Francis show Celebrity Juice.

Jones was a guest panelist on the BBC quiz show Never Mind the Buzzco*cks in November 2010, and the following year appeared in The Magicians.

Alongside that, he has also appeared twice in the “Star in a Reasonably-Priced Car” portion of Top Gear, once with Theo Paphitis and again on his own.

In 2018, Jones became the Ambition Ambassador for Sage Group, a business software company, and he frequently appears in their TV ads.

Peter Jones Net Worth

As of February 2024, Peter Jones’ net worth is $400 Million.

Highlights

Here are some of the best highlights of Peter Jones’ career:

  • Dragon’s Den (TV-Show, 2005-)
  • Commander of the Order of the British Empire (2009)

Favorite Quotes from Peter Jones

“It’s the opportunity to invest in small to medium-sized businesses giving somebody that ultimate break and at the same time being able to help grow that business into something really exciting.”– Peter Jones

“I’m supposed to say it’s all fiery and there’s a lot of competitiveness but I genuinely think they’re fantastic. Both Tej and Jenny are a pleasure to have in the Den.”– Peter Jones

“Know your onions. In other words, because you’ve got two new Dragons you have to know what their backgrounds are, what their strengths and weaknesses are. Also, come with a plan. When you’re in the Den [know] what is it you want to achieve and then practice for when you’re in the Den. Get it pitch-perfect.”– Peter Jones

“They’re absolutely vital because people buy people first. What you’re doing is trying to build empathy and excitement but also it’s very much about you. We are questioning the business, the business model and the experience but also at the same time we’re looking to the person who is pitching – can you do what you’re saying you can, are you capable, are you believable?”– Peter Jones

“I’m so varied now and I’ve got 28 businesses ranging from the internet to clothing companies and experiences to tailcoats.” – Peter Jones

3 Selling Lessons from Peter Jones

Now that you know all about Peter Jones’ net worth, and how he achieved success; let’s take a look at some of the lessons we can learn from him:

1. What Would You Like to Achieve? Set Your Objectives

You may find it helpful to make a list of the objectives you hope to achieve with your display.

2. Give Yourself Enough Time

Your display is an incredibly important tool for growing your sales. You need to allow sufficient time to plan it properly. Set aside a specific time in your diary to think the whole display through thoroughly and make your plans.

3. Who Can Help You?

Who else do you need to be involved in this planning process? Picking “other people’s brains” is a well-known key to success.

Frequently Asked Questions

How much is Peter Jones worth?

Peter Jones’ net worth is estimated to be $400 Million.

How old is Peter Jones?

Peter Jones was born on March 18, 1966, and is currently 57 years old.

How tall is Peter Jones?

Peter Jones’ height is 2.01 m, which is equal to 6 ft 7 in.

Summary

Peter Jones is an English TV presenter, entrepreneur, and businessman who is best remembered as a panelist on the BBC Two television show “Dragons’ Den” and on the American television series “American Inventor”.

As of February 2024, Peter Jones’ net worth is roughly $400 Million.

If you like this article, don’t forget to check out our article on Jordan Belfort’s net worth.

What do you think about Peter Jones’ net worth? Leave a comment below.

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Entrepreneurs

Dave Ramsey Net Worth (9)

Published

2 days ago

on

Feb 20, 2024

By

Emmy Wallin

Dave Ramsey Net Worth (10)

What is Jim Kennedy’s net worth?

Net Worth:$8.2 Billion
Age:76
Born:November 29, 1947
Gender:Male
Height:Unknown
Country of Origin:United States of America
Source of Wealth:Media Executive
Last Updated:Feb 21, 2024

Table of Contents

Introduction

Jim Kennedy is an American media executive and the current chair of Cox Enterprises.

The conglomerate was founded by his grandfather, James M. Cox. Kennedy started his career in 1972, working in many media roles.

He then held many positions in the newspaper industry, including production assistant, reporter, copy editor, advertising salesman, business manager,

As of February 2024, Jim Kennedy’s net worth is estimated to be roughly $8.2 Billion.

Early Life

James “Jim” Cox Kennedy was born on the 29th of November, 1947, in Honolulu.

Kennedy is the son of Barbara Cox Anthony and airline executive Stanley C. Kennedy Jr.

His maternal grandfather was James M. Cox, the 46th and 48th governor of Ohio, newspaper publisher, and broadcaster. He received his bachelor’s degree in business administration from the University of Denver in 1970.

In 2003, he received an honorary doctorate of humane letters from Kennesaw State University.

Career

James C. Kennedy started as a newspaper production assistant at Cox Enterprises in 1972, followed by roles as a reporter, copy editor, and advertising salesman.

Kennedy’s commitment and versatility quickly propelled him into the spotlight and by 1979, he assumed the role of president at Grand Junction Newspapers, Inc.

Unlike Rupert Murdoch who started his own media company, Jim Kennedy inherited his interest in Cox Enterprises from his mother.

In 1986, he was appointed executive vice president of Cox Enterprises and his impact on the company earned him the title of the “New Kid” in the industry.

Such was his contribution to the newspaper industry that he was later inducted into the Technology Association of Georgia’s Technology Hall of Fame in 2016.

Pinnacle of Success

In 2004, he was honored by Georgia State University’s J. Mack Robinson College of Business Hall of Fame for his contribution to the state.

A Forbes profile in 2015 titled “This Billionaire Knows The Secret To Saving A Family Business” highlighted his career success.

Two years later, in 2017, he was ranked as the 105th-richest person globally and 37th among the wealthiest individuals in the United States.

He held the title of the wealthiest person in the state of Georgia, having built his wealth to the point of becoming a billionaire.

Kennedy is one of the richest people in the world, joining Jack Ma, and Phil Knight on the list of wealthy industrialists.

Becoming Philanthropist Of The Year

Beyond his financial success, Kennedy was a recognized philanthropist, with the prestigious title of Philanthropist of the Year in 2003 from the Association for Fundraising Professionals.

Jim’s dedication to education is remembered through the Jim Kennedy Scholarship Fund and a contribution of $10 million to the University of Denver in 2008.

His fund offers 10 scholarships each year of $40,000 a piece to children of full-time Cox Enterprises employees who have a minimum 2.50 GPA.

Kennedy also contributed to the community through various foundations, serving on the board of the PATH Foundation, Ducks Unlimited, and the Atlanta Committee for Progress.

In 2008, he established the James C. Kennedy Endowed Chair in Waterfowl and Wetlands Conservation at the Mississippi State University.

Despite his remarkable success, Kennedy remains grounded and emphasizes the importance of sustainability, having featured as a speaker at Fortune’s Brainstorm Green.

Facing Health Challenges

Kennedy’s journey hasn’t been without challenges and in 2014, he faced a personal health crisis when diagnosed with prostate cancer.

Following his diagnosis, he threw himself behind an advocacy program for men’s health awareness, successfully raising nearly $2 million for the Movember Foundation.

He accomplished this with the help of Cox Enterprises and emerged from his ordeal cancer-free while continuing to promote health screenings for early detection.

In 2015, he announced a substantial $25 million grant to Emory for prostate cancer initiatives, proof of his ongoing commitment to health causes.

Like entrepreneur Bershan Shaw and ice hockey player, Saku Koivu, Kennedy has survived cancer and gone on to continue their life unimpeded.

Family Roots And Legacy

James C. Kennedy’s familial ties to Cox Enterprises are deeply rooted in his maternal grandfather, James M. Cox, serving as the 46th and 48th governor of Ohio.

This laid the foundation for the family’s involvement in media and business and was the starting point for his family’s media empire.

His sister, Blair Parry-Okeden, shares an equivalent stake in Cox Enterprises, inherited from their mother, Barbara Cox Anthony.

Kennedy is also particularly dedicated to the University of Denver, where he maintained his role as a board of trustees member.

He is actively engaged in wildlife conservation, establishing endowed chairs and centers at various institutions.

He’s Not Free From Controversy

Kennedy was involved in a dispute over public access rights to a river stretch he owns in Montana, stirring considerable controversy in the media.

The Wetlands America Trust presented him with its 2014 National Blue-winged Teal Award for his contribution to conserving the country’s natural resources.

His career serves as an inspiring narrative for aspiring business leaders who have started at the bottom and worked their way up in the organization.

In 2007, he inherited a 25% stake in Cox Enterprises from his mother’s estate, but had by then learned the business inside out.

Jim Kennedy Net Worth

As of February 2024, Jim Kennedy’s net worth is estimated to be roughly $8.2 Billion.

Highlights

Here are some of the best highlights of Jim Kennedy’s career:

  • The current chairman of Cox Enterprises
  • He gave $3.1M to create a University Endowed Chair in Wetlands and Waterfowl Conservation at Colorado State University (2016)

Favorite Quotes From Jim Kennedy

“I’m still the chairman of the company. I’m still there a good bit of the time. The newspaper portion of the business is under real pressure and struggling. Newspapers need to figure out how to live in an electronically delivered news world. And they need to be able to monetize all the content they produce that is now delivered free.”– Jim Kennedy

“Not as big an effect on television and radio. If you look at the numbers radio and television deliver, they’re still darn good, but the more ways people have to get news, entertainment or information, it segments the market.”– Jim Kennedy

“My mother had a great love of the outdoors, and she instilled that in me. When I came to Colorado, I enjoyed — I hate to sound too corny — the majesty of the West, whether we were hunting, fishing, hiking or skiing, and I thought, “This is just so wonderful.”– Jim Kennedy

“I’m fortunate that all three of my children hunt, to one degree or another. I’m a bowhunter for big game purely, and I only hunt with traditional equipment, so I’ve spent a lot of time hunting and not much getting.”– Jim Kennedy

“Cox has a legacy of embracing technology and challenging the status quo. This is something we’ll continue to do. I’m personally excited to see how technology can not only improve business but also how we approach and improve sustainability and healthcare.” – Jim Kennedy

3 Life Lessons From Jim Kennedy

Now that you know all about Jim Kennedy’s net worth and how he achieved success; let’s take a look at some of the lessons we can learn from him:

1. Be Stubborn

Be stubborn on the vision and strategy.

2. Make It Work

Make things work, and if you fail, keep trying.

3. Stop Worrying

If your brainpower gets drained by constant worry, you’ve got nothing left for the real issues.

Frequently Asked Questions

How much is Jim Kennedy worth?

Jim Kennedy’s net worth is estimated to be $8.2 Billion.

How old is Jim Kennedy?

Jim Kennedy was born on November 29, 1947, and is currently 76 years old.

How tall is Jim Kennedy?

Jim Kennedy’s height is Unknown.

Summary

Jim Kennedy is an American media executive who started at Cox Newspapers.

After a stint in Grand Junction, Colorado as president of Grand Junction Newspapers, Inc.

Today, he is the chairman of Cox Enterprises. The Atlanta-based business controls the third-biggest cable operator in the U.S.

As of February 2024, Jim Kennedy’s net worth is estimated to be roughly $8.2 Billion.

What do you think about Jim Kennedy’s net worth? Leave a comment below.

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Entrepreneurs

Dave Ramsey Net Worth (11)

Published

3 days ago

on

Feb 19, 2024

By

Emmy Wallin

Dave Ramsey Net Worth (12)
Net Worth:$25.4 Billion
Age:53
Born:September 18, 1970
Gender:Male
Height:Unknown
Country of Origin:France
Source of Wealth:Entrepreneur
Last Updated:Feb 21, 2024

What is Emmanuel Besnier’s net worth?

Table of Contents

Introduction

Emmanuel Besnier is a French heir and businessman. Besnier is the CEO of Lactalis.

He is known as “the invisible billionaire”. Most popular as the CEO of Lactalis, his family-owned company is the 2nd biggest food company in the nation and a leading dairy business across the globe.

As of February 2024, Emmanuel Besnier’s net worth is estimated to be $25.4 Billion.

Early Life

Emmanuel Besnier was born on the 18th of September, 1970, in Laval, Mayenne, France.

His father is Michel Besnier, and his mother, Christiane. His paternal grandfather, André Besnier, was the founder of Lactalis in 1933.

Besnier was educated at the Lycée de l’Immaculée-Conception, a Roman Catholic private lycée in Laval.

He graduated from the ISG Business School in Paris. His father was aware of his entrepreneurship skills and groomed him to be his successor to run the family business.

Career

Emmanuel Besnier was born into a wealthy family as the grandchild of Andre Besnier, who founded Lactalis in 1933.

While he had the means and money to do almost anything, Emmanuel stuck with the family business instead of founding his own.

After graduating from ISG Business School in Paris, France, he began working at Lactalis subsidiaries in the US and Madrid.

Like David Thomson, Besneir made the right choice by sticking with his family’s company, and it helped him earn billions.

The Family Business

Lactalis was founded by Emmanuel Besnier’s grandfather, Andre, in 1933, and in 1990 it acquired Group Bridel, the fourth-largest French dairy company.

In 1992, it acquired the US cheese company Sorrento, and in 1995, Emmanuel returned to France to take over as Lactalis’ Director of Development.

Entering the 2000s, Lactalis bought the Italian group Galbani, and in 2008, they bought out the Switzerland-based cheesemaker Baer.

However, in 2007, the Institut National des Appellations d’Origine refused to allow Lactalis to sell pasteurized Camembert as “true” Camembert.

At the time, Lactalis and the cooperative Isigny-Sainte-Mère were responsible for nearly 90% of all Normandy Camembert sales.

Fortunately, selling some of the most expensive cheeses in the world got easier for Besnier in 2018 when the organization stated it would relax those restrictions.

In the meantime, Emmanuel Besnier helped his family’s company acquire even more businesses throughout the 2010s, further expanding his empire.

The Big Cheese

In 2012, Lactalis acquired the Swedish dairy company Skånemejerier, which is the country’s largest dairy producer.

Soon after, Lactalis acquired an 80% stake in Ak Gida, a Turkish dairy company and subsidiary of Yildiz Holding.

It was announced in 2017 that Stonyfield Farm was sold to Lactalis for $875 million, and the same year, they acquired the Brazil-based Itambé.

However, after this acquisition, Lactalis had to recall 12 million boxes of baby milk from 83 countries due to salmonella contamination.

Considered a salmonella scandal, Emmanuel Besnier, now the company’s chief executive, was summoned to the French finance ministry.

The recall came after accusations that the company had previously tried to hide the discovery of salmonella at its factory, which Besnier denied.

Fortunately, like businessman Michael Bloomberg, Besnier handled the scandal and was able to continue growing his family’s business soon after.

Expanding The Empire

Emmanuel Besnier was named “the invisible billionaire” by Forbes in 2018 because of how much he shuns publicity, especially when it comes to his private life.

Following the salmonella recall, he oversaw Lactalis’ purchase of the Icelandic company Siggi’s Dairy, which continues to run independently.

The same year, Lactalis acquired Nestle Malaysia’s dairy business for $40 million, and their Indiana subsidiary, Tirumala Milk Products, took over Prabhat’s dairy company.

In 2020, Lactalis announced it had agreed to acquire Kraft Heinz’s natural cheese business for $3.2 billion, but they had to divest the Athenos and Polly-O brands.

Most recently, in 2023, the company’s American group announced it would invest $32 million in a new whey processing facility in South Buffalo, New York.

Along with running this empire, Emmanuel Besnier also donated 200,000 euros to the Francis-Le-Basser football stadium, and he attends their board meetings.

Easily one of the richest people in the world, Besnier’s fortune will only continue growing thanks to his shrewd business sense and ever-expanding company.

Emmanuel Besnier Net Worth

As of February 2024, Emmanuel Besnier’s net worth is estimated to be roughly $25.4 Billion.

Highlights

Here are some of the best highlights of Emmanuel Besnier’s career:

  • CEO of Lactalis
  • Besnier and his siblings also possess 82.4% of the publicly traded Parmalat

Favorite Quotes From Emmanuel Besnier

“On the contrary. If this was presented by certain media as an injunction of the minister, it is wrong. With this measure, distributors will no longer have to sort. They know that everything has to be removed from the shelves.” – Emmanuel Besnier

“We have informed our customers by sending them the files of all the recalled products, along with texts and posters validated with the authorities.” – Emmanuel Besnier

“For us, the “environment” controls are alerts to act and try to repel the bacteria far from the products.”– Emmanuel Besnier

“We are going to draw the lessons from this crisis and set out an even stricter hygiene framework, in collaboration with the authorities. In a crisis like this, we act first, and perhaps I didn’t take the necessary time to explain things.”– Emmanuel Besnier

“At the time, there was only one tower. When Lactalis bought the site from the Celia group in 2006, we strengthened the control plan. Since then, we have invested 150 million, including the construction of a second tower.” – Emmanuel Besnier

“The crisis is the presence of products that do not comply. There will never be zero risks on this issue as on others. There are complaints. Will be an investigation. We will cooperate with the justice system by giving all the elements that we are asked for. We never thought of acting otherwise.” – Emmanuel Besnier

3 Life Lessons From Emmanuel Besnier

Now that you know all about Emmanuel Besnier’s net worth and how he achieved success; let’s take a look at some of the strongest lessons we can learn from him:

1. Inspiration

Inspiration responds to our attentiveness in various and sometimes unexpected ways.

2. Change

You can change. And you can be an agent of change.

3. Perfection

Have no fear of perfection. You’ll never reach it.

Frequently Asked Questions

How much is Emmanuel Besnier worth?

Emmanuel Besnier’s net worth is estimated to be $25.4 Billion.

How old is Emmanuel Besnier?

Emmanuel Besnier was born on September 18, 1970, and is currently 53 years old.

How tall is Emmanuel Besnier?

Emmanuel Besnier’s height is Unknown.

Summary

Emmanuel Besnier is a French businessman who joined the billionaires’ circles and his two siblings, brother Jean-Michel and sister, Marie Besnier Beauvalot.

The three own 100% of Lactalis, a multi-national dairy products corporation they inherited from their father, Michel.

Besnier was born in France, and he pursued his studies in a private school of Laval, the Roman Catholic Immaculate Conception.

As of February 2024, Emmanuel Besnier’s net worth is estimated to be $25.4 Billion.

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