Kevin O’Leary (created 9 July 1954) is a Canadian businessman, investor, writer, and television personality.
Immediately after school, O’Leary and two buddies launched Special Event Television (SET), a television production business that fulfilled limited success creating little television shows and in-between-intervals commercials and local professional ice hockey matches. Later he was bought out for $25,000 by one of his associates. O’Leary Subsequently moved to his second business venture, a software company in the basement of a little Toronto residence together with associates John Freeman and Gary Babcock. His mother provided the seed investment capital of $10,000, which he used to begin software publisher SoftKey. Softkey products typically consisted of applications intended for dwelling crowds, particularly compilation cds comprising various freeware or shareware game applications packaged in a “jewel case” CDROM. By 1994, Softkey had become a leading consolidator in the educational software market, getting no fewer than 60 competitions, like WordStar and Spinnaker Software. TLC bought its former competition Brderbund in June 1998 for $416 million. In 1999, TLC and its 467 software titles were acquired by Mattel in a $3.8 billion stock swap. Sales and earnings for Mattel shortly dropped, and O’Leary departed from Mattel. The purchase by Mattel was after called one of the most disastrous acquisitions ever. In 2003, he became a co-investor and director in Storage Now, a programmer of climate-controlled storage facilities. By way of a series of development projects and acquisitions, Storage Now became Canada’s third-largest owner/operator of storage services, with facilities located in 11 cities serving such companies as Merck and Pfizer when it had been acquired by the In Storage REIT in March 2007 for $110 million.How much is Kevin O’Leary’s Net Worth? $300 Million!
Kevin O’Leary was born in Mount Royal, Quebec on July 9th, 1954. He attended the Royal Military College Saint-Jean and went to earn a bachelor’s degree in environmental studies and anthropology from the University of Waterloo. He appears as an investor on the television show Shark Tank in America and Dragon’s Den in Canada.
O’Leary’s first professional endeavor was Special Occasion Television, a small production company that made advertisements for local hockey teams to show between spans. He finally sold his interest in the business for $25,000 to the remaining associates. His next business began with a $10,000 loan from his mother and became a gigantic success. O’Leary and two associates built an educational software firm that eventually became known as The Learning Company. Mattel, Inc. got The Learning Company in 1999 for $3.8 billion. In 2003, O’Leary invested in Storage Now, which has become Canada’s third-biggest climate-controlled storage facility business.
O’Leary is involved in a diverse selection of enterprises, including O’Leary Fine Wines, O’Leary Mortgages, and also the numerous firms in which he has invested venture capital. In 2008, he partnered with Connor O’Brien to open O’Leary Funds. The company now offers 13 different mutual funds and four closed-end funds spread across many different groupings, for example equity income, fixed income, and global growth.