Lebanese-born Marcus Anthony Lemonis, better known as Marcus Lemonis, is an American investor, businessman, television personality and philanthropist with a financial asset base of $150 million.
Born on November 16, 1973, in Lebanon during the civil war, Marcus Lemonis was adopted by a Greek couple Leo and Sophia Lemonis. The couple were living in Miami, United States. He grew up learning about the operations of the automotive industries as his grandfather owned two of the biggest Chevrolet dealerships in the country while Lee Iacocca, a family friend mentored him later.
When he completed his bachelor’s degree in political science in 1995 from Marquette University, Lemonis wanted to join the House of Representatives. After failing in the first effort he made to dive into politics, Marcus Lemonis redirected his focus to build a career in the automotive industry and run the legacy of his grandfather.
Marcus Lemonis’ Business
After getting into sales and managerial roles in 1997 for AutoNation, Marcus Lemonis grabbed fame and became the CEO of Holiday RV Superstores Inc. from 2001 to 2003 after which he co-founded FreedomRoads which later merged with Camping World in 2006 and Good Sam Enterprises in 2011 with Lemonis retaining his position as the CEO of the company.
Lemonis furnished his business ventures to attract public attention when he teamed-up with NASCAR in 2004 by sponsoring John Andretti while also taking the company to paramount heights of top three sponsors in sports. He again renewed the sponsorship with NASCAR for his Camping World company to run the Truck Series until 2022.
Marcus Lemonis’s salary has been increasing with his participation in several businesses as a serial entrepreneur. He brought back Bakery & Wheat Free Cafe that was set to close down in 2012 with investments and advertising campaigns which not only uplifted the bakery but also helped to start new branches in several other locations. Most recently, Lemonis’ company Camping World acquired a popular Chicago company – Uncle Dan’s Outfitters. Among other things, Lemonis is hoping to grow the e-commerce reach of his establishments with the new acquisition.
Marcus also runs his own company, Marcus Lemonis Enterprises LLC which includes several other business ventures like Dapper Classics, Mr Green Tea, Amazing Grapes, Wicked Good Cupcakes, etc.
His business ideas and approach took him to newer heights giving him the fame he needed for his business operations. First, Crain’s Chicago Business featured him in their 2005 edition of “40 under 40”. Two years later (2007) RV Business Magazine named him the “Newsmaker of the Year”. The next year (2008), Marcus was also named “Entrepreneur of the Year” by Ernst & Young.
Apart from being a businessman, Marcus Lemonis is also a philanthropist having supported several organizations for health care and drug abuse control. He has supported Lincoln Park Zoo, Zacharias Sexual Abuse Center, Joffrey Ballet, etc. Marcus Lemonis’s earnings also comes from his appearances on television with him being featured on CNBC reality show The Profit.
On the reality series which returned for its fifth season this year (2017), Marcus Lemonis portrays how he conducts the affairs of his multi-billion dollar company, Camping World. Meanwhile, the shares of Camping World Holdings rose by more than 3 percent in its first day of trading on the New York Stock Exchange. With 11.4 million shares, the initial public offering raised $251 million.
If Marcus isn’t depicting how he runs Camping World in The Profit, he’s hunting for struggling businesses that are desperate for cash and eager to make a deal with him. He generally makes offers that are difficult to refuse and will do whatever it takes to rescue the sinking business and ultimately, make a profit.
Prior to The Profit, Marcus Lemonis appeared on NBC’s Celebrity Apprentice. That was between 2011 and 2012. Also, he was in 2012, featured on ABC’s television show – Secret Millionaire.
Net Worth and House
Marcus has often been described as a man of great character and amazing business-oriented mind. He has invested over $7 million from his reality show. As of today, Marcus Lemonis’s financial standing is estimated to be $150 million.
He once told Forbes that he became an entrepreneur as a child.
“I liked the art of the deal whether I was mowing lawns or selling candy or promoting clubs at the age of 16. I understood early on the importance of knowing my numbers and surrounding myself with the best people.
“I also learned to invest in things that have staying power; this is why I am in the RV business today. I like trends and fads as a consumer, but not as an investor,” he said.
The Man has a house in Montecito, California. There is no doubt that it is not his only property and that it is as luxurious as one would imagine.
Who’s Marcus Lemonis’ Wife?
The question has been a very difficult one to answer. While Marcus has severally made people believe he is still single, it has been commonly assumed that he secretly got married. Hardly could anyone tell who his spouse is. Nonetheless, it was once speculated that she could be Bethenny Frankel from The Real Housewives of New Youk City. We are yet to substantiate that.
Quick Facts about Marcus Lemonis
Full Name: Marcus Anthony Lemonis
Profession: Investor, businessman, television personality, philanthropist
Date of Birth: November 16, 1973
Place of Birth: Beirut, Lebanon
Education: Marquette University
Assets: $150 Million