Kevin O’Leary is a world-renowned businessman, entrepreneur, author, venture capitalist, and T.V. personality. Most know him as Mr. Wonderful from his charismatic presence on the hit reality T.V. show, ‘Shark Tank’. And, as a successful entrepreneur and venture capitalist, O’Leary has founded, invested, and sold numerous businesses over the years, bringing him fame, financial success, and a massive net worth. So, that’s exactly what we’ll be highlighting on this Kevin O’Leary Net Worth page; his fortune and his earning power.
So, if you’ve ever wondered what Mr. Wonderful’s net worth is, and how much he makes or could make, then let’s dive right in to the numbers.
What Is Kevin O’Leary’s Net Worth?
Kevin O’Leary’s net worth in 2020, 2021, and 2022 was reported to be around $400 million per Celebrity Networth. However, considering the market’s (both real estate and stock market) shift over the past three has been a net gain, and considering this “Shark” invests for a living, at the very least, the estimate for Kevin O’Leary’s net worth is unquestionably higher.
That said , we all know Mr. Wonderful is all about building wealth full-time, so it’s highly unlikely that his net worth would remain stagnant for 3 years in a row.
Therefore, after incorporating the years of growth and assessing the growth rate of his various assets, we place Kevin O’Leary’s net worth as of 2023 at approximately $483 million. As such, this makes him the 2nd richest Shark from Shark Tank, just below billionaire Mark Cuban’s net worth.
How Much Does Kevin O’Leary Make?
With a sizeable net worth like this, you probably want to know how much Kevin O’Leary makes a year. Well, he earns about $30,000 per Shark Tank episode, and there’s an average of 24 episodes per year. So, from Shark Tank alone, he pulls in approximately $720,000 per year.
Kevin O’Leary also started a wine venture known as O’Leary Fine Wines, which he’s apparently transitioning into an affordable luxury business known as Shop Mr. Wonderful. His income from this venture has yet to be disclosed. O’Leary also earns royalties from books he’s authored, fees from speaking engagements, management fees from his investment Fund (O’Leary Investments) and dividends from his own investments.
That said, we don’t have a definitive number for you when it comes to Kevin O’Leary’s salary.
The Earning Power of O’Leary’s Net Worth
However, here’s a baseline income estimate that Kevin O’Leary could easily make per year based off of the earning power of his Net Worth alone. To get this estimate, we must first assume he’ll take his entire $483 million net worth, cash it out, and then reinvest that money into a bucket of assets that can pay out on average 4.5% annually.
4.5% is a reasonable estimate annual yield, considering 3% to 5% is what the average returns on extremely safe investments have been historically.
That said, after crunching the numbers, Kevin O’Leary could easily make $21.75 million per year starting today by leveraging his net worth. All he’d have to do is liquidate all his assets and place them into a few safe haven dividend paying stocks, ETFs, or REITs.
Assuming he did this, here’s what that type of pay out would look like monthly, weekly, and daily.
Kevin O’Leary’s Money Metrics
|2023 Net Worth:||$483,000,000|
|**Earnings Per Year:||$21,735,000|
Note: this is a hypothetical (but very possible) earnings Metric for Kevin O’Leary based off of his net worth’s earning power alone. It does not include how much he potentially earns from projects, sponsorships, his participation on Shark Tank, or social media, etc.. This baseline calculation is for entertainment purposes only.
Kevin O’Leary’s Social Media Influence
If you’ve ever wondered what Kevin O’Leary’s social media influence is, and how much his social clout could earn him? Here’s your answer.
Kevin O’Leary has over 441K million Facebook followers, 986K Twitter followers, 1 million Instagram followers, and 837K YouTube followers, which comes out to a grand total of 3.2 million social media followers.
That said, if Kevin O’Leary chose to leverage his social media influence, he could earn roughly $30K per sponsored post.
There is no difference between collecting fine #watches and #fineart They are both alternative asset classes. In fact, my watch collection has outperformed the #S&P for over a decade. Now I want to turn it up to 11. There is only one place to go. One of A Kind! @AudemarsPiguet pic.twitter.com/czdL4kIImY
— Kevin O’Leary aka Mr. Wonderful (@kevinolearytv) February 8, 2023
Kevin O’Leary Key Facts
- O’Leary’s mother taught him everything he knows about investing.
- Kevin O’Leary’s birth name is Terence Thomas Kevin O’Leary.
- He’s the proud father of 2 children (Trevor & Savannah).
- He’s an avid collector and investor of watches.
- Kevin’s worst investment cost him over half a million dollars.
- He’s invested in over 40 different deals found on Shark Tank alone.
How Did Kevin O’Leary Get Rich?
Kevin O’Leary didn’t get rich over night. While in grad school studying for his MBA, Kevin started an internship with Nabisco that would eventually turn into a full-time job. From this job he learned the ropes of business and marketing as an assistant brand manager.
But his corporate career was short lived, as he left this job to start an independent production company with a few of his former classmates. The new business saw limited success, but O’Leary would eventually get bought out of his position in the company for $25,000.
O’Leary would go on to leverage this payout, as well as $10,000 of seed money he was able to borrow from his mother to help get his newly co-founded software distribution and publishing company off the ground. The company was named Softkey.
Kevin O’Leary would go on to grow Softkey year over year, conducting a handful of acquisitions in the process. After 13 productive years of growing the company, O’Leary and co. finally sold to Mattel for $4.2 billion in 1999. It was at this point that Kevin officially became not just rich, but free.
As they say, the rest was history. A few short years after O’Leary became a multimillionaire, he landed a role on Canada’s version of ‘Shark Tank’, ‘The Dragon’s Den. Then just a few years later he made his onto the big show, ABC’s ‘Shark Tank’.
He’s been involved in a variety of projects within the private equity world, and creating his own mutual funds and ETFs ever since.
Kevin O’Leary On What It Takes
That said, here are few additional success and financial insights from Mr. Wonderful. These quotes paint a solid picture on the mindset and thinking that has helped him build the fortune he now enjoys. Here you go:
“I like to take risks, that’s how I make money. But they are calculated risks.” – Kevin O’Leary
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“Money is my military, each dollar a soldier. I never send my money into battle unprepared and undefended. I send it to conquer and take currency prisoner and bring it back to me.” – Kevin O’Leary
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“The key to success that I would’ve taught myself 20 years ago — shut up and listen.’ – Kevin O’Leary
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“Working 24 hours a day isn’t enough anymore. You have to be willing to sacrifice everything to be successful, including your personal life, your family life, maybe more. If people think it’s any less, they’re wrong, and they will fail.” – Kevin O’Leary
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Related: Kevin O’Leary Success Quotes
Additional Financial Insights
If you want to dig deeper into the thinking process that has helped Kevin O’Leary dramatically grow his wealth, the video below is worth watching. It provides some generous advice on what it takes to get rich in 90 days from Mr. Wonderful himself:
Video Credit: Kevin O’Leary (Subscribe Here)
Related: Get Rich With a Normal Job
Here are a handful of key takeaways from our Kevin O’Leary net worth page:
- Kevin O’Leary Net Worth: $483 million
- Annual Earnings **: $21.75 million
- Social Media Followers: 3.2 million
- Social Media Earning Power: $30K per sponsored post
- Keys to Riches: Taking Risks, Business Ownership, Hard Work
The net worth of Kevin O’Leary is impressive and without a doubt it is continually growing. His business acumen and investment prowess seems to only be getting sharper with time. As such, we project his fortune will grow to over $1 billion within the next 10 years or less.
That said, Kevin O’Leary’s sizeable fortune is something that should inspire us. Certainly, it’s large and it may even seem impossible to obtain for many. But, it doesn’t have to be. Nor does it mean that we shouldn’t aspire to learn and build our own fortunes.
Till you reach aims,
PS – If you enjoyed this Kevin O’Leary net worth profile, then you’ll likely enjoy perusing through the some of the net worth profiles of his fellow Sharks:
** Disclaimer: These earning are hypothetical and calculated off of the earning power of Kevin O’Leary’s net worth alone, assuming a 4.5% dividend yield.
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