Marcus Lemonis net worth: Marcus Lemonis is an American businessman and reality television personality who has a net worth of $500 million.
Lemonis was born in Beirut. Because of the constant conflict in Lebanon, he qualified to move to the United States as a child. After graduating with a political science degree, Lemonis accepted his first job at his adopted grandfather’s car dealership in South Florida.
He turned this set of experiences into an eventual career as a serial entrepreneur. Lemonis’s time with his grandfather led him to see the potential of the RV market, an idea that was reinforced after a 1997 meeting with Lee Iacocca.
This journey would eventually lead him to become the CEO of Camping World and the head of his own business.
Who Is Marcus Lemonis? Career and Businesses
Marcus Lemonis began to grow his net worth through his negotiation and consolidation skills instead of being an innovator or investor. He spent several years looking into creative ideas and then folded the best ones into a portfolio under his control.
This approach to business was even how he met his wife, Bobbi Raffel. She was leading a business called Runway, and the pair met in 2016 at a trade show.
Anthony Abraham, his grandfather, was the owner of two of the largest Chevrolet dealerships in the United States
He started out when legendary executive Lee Iaccoca, a family friend, asked Marcus for help to create a RV business working as a chain with dealerships. This was the beginning of Holiday RV Superstores.
This company merged with others into Camping World.
Raffel sold her business to him, and then Lemonis combined her brand with two others: Courage b and Denim & Soul. This new women’s boutique was branded as MARCUS. There are now 18 locations currently operating, along with a large e-commerce platform.
Before he became a TV star, his usual wardrobe was a blue sports coat and khakis that didn’t fit well. His approach is proof that anyone can turn a small business learning experience into an opportunity to run a multibillion-dollar company, Camping World.
How Lemonis Built His Fortune: Biography, Career and Businesses
As the longtime CEO of his company, Camping World, he also directs a public company with a $2.2 billion market cap. It is the largest service provider and retailer of RVs in the United States. Before Camping World, he previously served as CEO of another company in this industry, Holiday RV Superstores Inc., a rv chain of rv dealerships.
Lemonis is also the star of the reality TV show The Profit that regularly airs on CNBC. It is the most-watched original series in the history of the channel. About 40,000, small business owners apply to appear on the show annually.
He has also produced video lessons with Inc. that have helped to grow his brand and influence in the industries in which he is active.
Marcus Lemonis The Profit
Since 2013 Lemonis is the star of The Profit, a reality TV show aired on CNBC where Lemonis goes on the look for small businesses that are struggling, invest his own capital in it and try to improve them to make them profitable.
It wasn't the first apperance as a main guest on a TV show for Lemonis, but the one that made him the most notorious. As of today, Lemonis has invested over $35 million of his own money on ventures related to the TV show ‘The Profit.'
Is Marcus Lemonis married?
Yes, he married Roberta “Bobbi” Raffel in 2018.
Marcus Lemonis Trump
In 2017, the media a popularized a supposed phrase from Marcus Lemonis claiming that basically supporters of Trump weren't welcome at his stores.
As proven by this fact-checking site it wasn't actually what he said as he referred only to some of the protesters.
Lemonis addressed the controversy in a video where he said:
For the record, what I said is that if you are OK with what happened in Charlottesville, what was said and what was done, I’m not ok with it.
Marcus Lemonis Age
Marcus Anthony Lemonis is 47 years old. He was born on November 16, 1973.
Marcus Lemonis Shark Tank
While Marcus would have made a great shark with O'Leary and friends, he isn't specialized in tech and prefers to invest into other kind of businesses (arguably few other people in the world the RV business industry better than him.) That's probably why he isn't a Shark.
He has appeared, however, on the ‘Shark Tank podcast' talking about this and other things related to his businesses
Is Marcus Lemonis gay?
No, Lemonis is happily married with Roberta “Bobbi” Raffel.
What Is Lemonis Doing Today?
Besides his responsibilities with Camping World, CNBC, and his LLC, Lemonis continues to help businesses find ways to solve problems.
He provides them with funding and marketing assistance in exchange for an equity percentage of the business. This approach to entrepreneurship diversifies his portfolio, helping his net worth stay consistently high.
“Stay focused, work hard, know your numbers, and be disciplined,” is the best advice that Lemonis offers. “If you do those things and take care of your people, the likelihood of being successful is very high.”