Paul Kemsley net worth is estimated to be around $50 Million; how did the British businessman work his way to this huge amount of money?
In this article, we explore his numerous businesses with a chance to look at how things worked out for him to the extent that he earns this huge amount of money as his net worth.
Before we zoom in on Paul Kemsley net worth, trust us to tell you all about this businessman.
It would interest you to know that he dropped out of school just to start a business and with what he has been able to do, it appears to be a good decision on his part to drop out of school to start doing business.
Before anything, else, though, let’s look at Paul Kemsley background. Who is he?
He is a real estate developer who is also well-known for his appearances on The Real Housewives of Beverly Hills, a Bravo reality television show.
He is well known for being the previous chairman of Tottenham Hotspur, an English Premier League club.
Paul Kemsley was born on 17 August 1967 in Stanmore, UK.
Paul Kemsley net worth wouldn’t have been this much if he didn’t make the decision to quit school to start a business, he could also have been worth more than this, who knows.
Nonetheless, he did what he thought was good for him.
He received his education at Atholl School in Harrow, which is located on Rayners Lane.
At the age of 15, Paul Kemsley began working on Saturdays at John Paul Menswear, where he met Mike Ashley, who had just opened his first Sports World equipment store across the street.
They would play darts for money on quiet afternoons.
Kemsley dropped out of school at the age of 17 and went to work for Gross Fine as a junior surveyor.
Paul so wanted to make money as early as possible and school, he found out, wouldn’t help him in that regard so he left.
Paul has a really good sense of what business is.
He is known for various things from which he earns a lot of money.
Paul is a sports executive as well as a real estate developer. Boy George, an English singer, songwriter, DJ, fashion designer, photographer and record producer who is also the lead singer of the pop band Culture Club manager is among those managed by Paul Kemsley.
Boy George even stays with Paul’s family on some occasions and is the godfather of Paul’s son.
Pele, the legendary soccer player, is also managed by Paul.
Money earned from all this adds up to Paul Kemsley net worth.
Paul Kemsley Net Worth: Business
What has the businessman been up to in terms of business?
He is a businessman indeed.
When he was 28, he went out on his own to start Rock Joint Ventures Ltd, a real estate investment and development firm.
The company grew to be incredibly profitable over time, and by 2007, Rock’s portfolio was valued at $1 billion.
One of Kemsley’s most successful personal ventures was a London office building that he purchased for $50 million and then sold for $100 million to a Russian billionaire a few months later.
Paul and his company, Rock Joint Ventures, were tragically harmed by the 2008 real estate meltdown, as were many other real estate investors.
In 2007, his net worth was reported to be $250 million.
Paul Kemsley Bankruptcy
One thing that businessmen have to deal with is what you could describe as an occupational hazard and Paul had his own trouble there.
Paul Kemsley net worth which currently stands at 50 million has to partly be to blame.
How did it happen?
Paul filed for bankruptcy in New York in 2012, claiming to owe $10-50 million.
He claimed to have only $104 in cash and $1000 in the bank at the time of the application.
He’d also recently divorced his first wife, who had been covering all of his personal costs.
In 2013, he tried again to file for bankruptcy.
It’s quite unthinkable for a businessman of Paul’s ilk not to want some luxury, particularly when he is involved in real estate himself.
Paul and Dorit purchased a home in Encino, Los Angeles, for $6.5 million in August 2019.
They want to sell this house for $9.5 million in September 2020.
Mauricio Umansky, the husband of Dorit’s Real Housewives cast mate Kyle Richards, managed the home listing.
They are featured on the RHOB living in a big Beverly Hills estate that the Kemsleys share with a business partner.
This mansion was first listed for $12.85 million, however, it was then reduced to $7.5 million.
Paul Kemsley Net Worth
It is now apparent how much Paul Kemsley is worth, isn’t it?
Well, his current net worth is $50 million which he earned from being a businessman, celebrity manager, and reality TV star.