American businessman David Alan Siegel was born on May 3, 1935. He is the president and chief executive officer of Westgate Resorts Ltd, a timeshare resort enterprise situated in Florida. Two of his children were adopted, and he has 10 children from his own birth.
Two companies that Siegel heads up are Central Florida Investments Inc. and CFI Resorts Management Inc. He is also involved in the retail, real estate, construction, management of hotels and apartments, insurance, travel, and transportation industries.
David A. Siegel Net Worth
An American businessman with a net worth of $500 million is David A. Siegel. The timeshare resort corporation Siegel co-founded in Florida, Westgate Resorts, is well-known today. He heads the company in his dual roles as president and CEO.
“The Queen of Versailles” chronicles Siegel’s brief financial woes following the 2008 real estate bubble burst, when he and his wife Jackie were trying to construct one of the biggest and most costly houses in US history in Florida. The documentary also features their home, the “Versailles” in Florida. Later on in the piece, you’ll get more information about this property and documentary.
David A. Siegel Early Life
David A. Siegel was born in Chicago on May 3, 1935, and now he resides in Florida. His parents, Sadelle and Sid Siegel, were grocers. When David was 10 years old, they uprooted his family and transferred their grocery store to Miami.
In 1935, Siegel earned his diploma from Miami Senior High School. He continued his education at the University of Miami, majoring in marketing and management. In the end, he did not earn his diploma.
David A. Siegel Career
Mystery Fun House, an Orlando attraction that Siegel helped found, first opened to the public on March 29, 1976, and remained in operation until 2001. “Night Terror” was another film he made in 2002. He started the highly profitable timeshare firm Westgate Resorts, Ltd., which he now runs as president and CEO.
He heads up Central Florida Investments, Inc. and its resorts management division in addition to his role at Westgate. The construction, travel, transportation, retail, and telecommunications industries are all part of his investing company’s portfolio.
Until the financial crisis of 2008 hit, Siegel’s many businesses were losing money. His net worth was over $1 billion. His 2012 email threatening to terminate all of his staff in the event of President Obama’s reelection made news. He made no real effort to carry out that threat. He cohabited with actor Jeremy London on the 2015 season of “Celebrity Wife Swap,” a reality show airing on ABC.
David A. Siegel Personal Life
Two of Siegel’s children were adopted, and he has nine children from his own birth. Geraldine Florence Sanstrom was his wife from 1961 until their 1969 divorce. In 1970, Siegel wed Betty Tucker, and they were married until their 1997 divorce. He was still the legal guardian of all the kids. He wed Jackie Siegel in 2000 after meeting her in 1998.
The wedding was a Jewish ceremony. The Windermere house of the Siegels had their 18-year-old daughter, Victoria, discovered unresponsive in June 2015. Upon arrival at the hospital, she was officially declared deceased. David became a staunch opponent of drug misuse when her death was determined to be caused by a drug overdose.
Dawn Myers, a former employee at Westgate, sued David Siegel for s*xual harassment in 2008, and Siegel was found guilty. The jury in her Florida trial had awarded her $5.4 million, but the judge lowered the amount to $610,000. As a result of her state law battery allegation, Myers was awarded $506,847 in punitive damages and $103,622 in compensatory damages in the trial award.
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