How rich is Ty Warner?
Ty Warner Net Worth:
|Birth date:||September 3, 1944|
|Birth place:||Chicago, Illinois, United States|
|Education:||St. John's Northwestern Military Academy, Kalamazoo College|
|Nationality:||United States of America|
Ty Warner net worth, wiki & biography:
Ty Warner Net Worth $176 Billion
American businessman and toy manufacturer Ty Warner has an estimated net worth of $1.76 billion as of February 2014.
Warner got his estimated net worth as the sole owner, founder and Chief Executive Officer of Ty Inc.
He also attended Kalamazoo College in Michigan but dropped out of school following a year.
Warner afterward moved to Los Angeles to pursue a career in acting. He’d little success there so he chose to return to Chicago where he started working for plush toy maker Dakin for almost two decades. He took a long sabbatical in Italy but moved back to Chicago after.
In 1986, Ty Warned founded Ty Inc. and found Beanie Babies in 1993.
With all the Beanie craze at its summit, the company is considered to have got more than $700 million in profits in a year. In 2007, it released the Ty Girlz doll and virtual universe to compete together with the MGA Entertainment, the manufacturer of Bratz. In the recent years, it has expanded its product line which now includes Beanie Boo’s, Monstaz as well as the most popular Beanie Ballz.
On October 2, 2013, Warner pleaded guilty to concealment $25 million from the Internal Revenue Service, with as much as $107 million withheld at one point. The sentence got appealed on February 2014
Though Ty Inc. may be growing through the years but Warner’s considerable investments call for hotels, property and golf courses through Ty Warner Hotels and Resorts. In November 2012, he turned down a $900 million offer to get a property having an estimated $2.4 million per room earnings and could probably make him one of the wealthiest in the city’s history.