American businessman David A. Siegel resides in America. He is the creator of the Florida-based resort enterprise Westgate Resorts Ltd.
He serves as the company’s president and chief executive officer. He serves as the CEO of Central Florida Investments Inc. and CFI Resorts Management Inc. Construction, hotel and apartment management, real estate, insurance, travel services, and transportation are some of his enterprises.
Early Life
David A. Siegel, who now resides in Florida, was born in Chicago on May 3, 1935. When David was ten years old, his grocery store-owning parents, Sadelle and Sid Siegel moved the family and their operation to Miami.
After earning his diploma from Miami Senior High School in 1935, Siegel enrolled at the University of Miami to pursue a career in management and marketing. He ultimately dropped out of school.
What Is David A. Siegel’s Net Worth?
| Specifications | Details |
| Name | David A. Siegel |
| Age | 86 |
| Date of Birth | 3 May 1935 |
| Profession | Businessman |
| Spouse | Jackie Siegel |
| Net worth | $500 million |
An American businessman with a net worth of $500 million is David A. Siegel. Siegel is widely recognized for establishing the Florida-based timeshare resort company Westgate Resorts. He is the company’s president and chief executive officer.
The award-winning documentary “The Queen of Versailles,” which chronicled Siegel’s brief financial struggles following the 2008 real estate bubble collapse while he and his wife Jackie were attempting to build one of the biggest and most expensive homes in US history in Florida, also featured Siegel, his wife Jackie, and their “Versailles” home there. The essay will go into more information about this house and its documentary.
Career
One of the creators of the Orlando tourist attraction known as Mystery Fun House, which debuted on March 29, 1976, and ran until 2001, was Siegel. In 2002, he was also a producer of the film “Night Terror.”
He is currently the president and chief executive officer of Westgate Resorts, Ltd., a highly successful timeshare business.
He is the CEO of Central Florida Investments, Inc. and Central Florida Investments Resorts Management, Inc. in addition to his work with Westgate. His investing firm is involved in the tourism industry as well as transportation, retail, telecommunications, and building.
Although Siegel formerly had a net worth of over $1 billion, the 2008 financial crisis had a negative impact on all of his business endeavors.
He gained notoriety in 2012 when he threatened to dismiss all of his staff members if President Obama was re-elected in an email to all of his employees.
He threatened to do it, but he didn’t. He made an appearance on the reality show “Celebrity Wife Swap” on ABC in 2015, exchanging lives with actor Jeremy London.
The stunning home that is presently depicted in “Queen of Versailles Reigns Again” was purchased by David A. Siegel in 2003.
More than twenty years ago, David A. Siegel and Jackie, his third wife, began dating. They were wed in 2000. They accepted eight children. Tragically, they tragically lost their daughter Victoria in 2015. In the family mansion, she was discovered to be unresponsive. According to numerous stories, Victoria reportedly took methadone and sertraline together, which caused her to pass away too soon.
Personal Life
Nine of Siegel’s children are biological, and the other two are adopted. In 1961, he wed Geraldine Florence Sanstrom; they remained together until 1969.
In 1970, Siegel wed Betty Tucker; the couple was together until their divorce in 1997. He continued to be the parent with primary custody of each child. In 1998, he began dating Jackie Siegel, and in 2000, they tied the knot in a Jewish ceremony.
Victoria Siegel, the Siegels’ 18-year-old daughter, was discovered unconscious at their Windermere home in June 2015.
She was transported to a hospital where she was later declared dead. David was inspired to speak out firmly against drug misuse once it was determined that the cause of death was a heroin overdose.
An accusation of sexual harassment presented by Dawn Myers, a former Westgate employee, resulted in David Siegel’s liability being established in 2008.
The jury gave her $5.4 million after a Florida trial, but the judge only lowered it to $610,000. Myers’ allegation of battery under state law resulted in a trial judgment of $103,622 in compensatory damages and $506,847 in punitive damages.
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