Businessman David Alan Siegel is the creator, current CEO, and chairman of Florida-based timeshare resort company Westgate Resorts Ltd. In his capacity as CEO of CFI Resorts Managing Inc. Also, he is involved in the following businesses: real estate development, construction; hotel/apartment management; and travel services.
What is David Siegel’s net worth?
According to Forbes magazine, Siegel is an American businessman with a net worth of 600 million dollars.
|Year||Net Worth||Increase Rate|
|2022||$600 million||9.09% increase|
|2021||$550 million||10% increase|
|2020||$500 million||8.69% increase|
|2019||$460 million||15% increase|
Early life and Education
Son of Sadelle and Sidney Siegel, David Alan Siegel birth on May 3, 1935, in Chicago, Illinois, USA. Sein’s father worked in the food industry as a grocery store owner and grocer. In 1945, Sid Siegel and his family moved to Miami.
David grew up in Florida with his brother Barry, where he graduated from Miami Senior High School. On the heels of receiving his diploma from high school in 1953, he began his studies at the University of Miami, where he studied business and management. Eventually, he dropped out and went to work.
David A. Siegel founded CFI, a real estate development company, in his family garage in 1970, when he was just 22 years old. After that, Westgate Vacation Villas, a 16-unit resort, was opened in 1996. In 1996, Westgate Lakes Resort & Spa opened. After a year, the Westgate Towers were built.
Siegel opened the Westgate Smoky Mountain Resort & Spa in 1999, Westgate Flamingo Bay in 2001, Westgate Blue Tree Resort, Westgate Park City Resort & Spa, and Westgate River Ranch in 2002 Westgate Palace & Historic Williamsburg in 2003. Currently, Westgate Resorts has over 13,500 villas spread throughout 28 full-service resorts, according to the company.
The Orlando Business Journal recognized Siegel as CEO of the Year in 2014. At one point last year, the Westgate Smoky Mountain Resort was shuttered because of extensive fire damage. After rebranding the former Hilton New York Grand Central, located in Midtown Manhattan’s East Side’s Tudor City neighborhood, Siegel purchased the property in June 2018.
Siegel and numerous others opened the Mystery Fun House in Orlando, Florida, on March 28, 1976. It remained open until 2001. The MFH was used to film Siegel’s 2002 film “Night Terror.”
In 2000, David A. Siegel, a lifelong Republican, enthusiastically campaigned to support George W. Bush. While searching for articles on Bush’s Democratic opponent, Al Gore, he would send them to his 8000 employees, along with their paychecks.
The firm assisted employees who wanted to vote for George W. Bush in registering to vote. There were 527 votes in Florida to give Bush the victory.
A mass email sent by Siegel to his employees, asking them to vote for Mitt Romney in the 2012 US elections, sparked controversy and public debate. As a result of their failure, he warned that he might have to take harsh actions, such as reducing the company’s employees, in the future. For the first time in 2015, he raised the company’s minimum salary to $10 an hour.
Dawn Myers, a former Westgate employee, sued Siegel in 2008, and a jury found him responsible for sexual harassment. Court of Appeals, Eleventh Circuit, dismisses appeal and cross-appeal, upholding the district court’s decision.
As of 2012, a documentary titled ‘The Queen of Versailles’ was released on David and his wife Jackie and their Versailles house in Florida. Due to a negative portrayal of Siegel and his family in this film, Siegel filed a lawsuit, but it was dismissed.
The Westgate Resorts Foundation, formed by Siegel, raises roughly $3 million per year for various charities. Numerous honors and prizes have been bestowed upon him as a result of his hard work. “Entrepreneur of the Year” for Florida and runner-up in the nationwide competition. American Resort Development Association’s National Community Service Award and an honorary doctorate from Florida A&M University have also been bestowed upon him.
David Siegel’s Wife
Throughout his life, he’s been married three times. First wife Geraldine Florence Sandstrom, with whom he spent six years of his life from 1961 to 1968. Steven, Valerie, and Richard are their three children, and they are all born in the same year.
The couple exchanged vows in 1970 when he married Bettie Irene Tucker. There’s a girl named Susan “Stacey” Siegel who’s theirs. During this time, Siegel moved to Orlando, Florida. Tucker and he parted ways in 1997. The majority of his children were under his care.
Jacqueline “Jackie” Mallery, whom he met in 1998, is his third and current wife. They got married in a Jewish ceremony in 2000. Jackie is not Jewish, however.
David Siegel’s official contact information allows you to call him. Telephone: 1-407-351-3350 Use this number to reach him at your convenience.
David Siegel’s phone number is not available to us.
United States – Windermere
The timeshare tycoon resides here. This location also features his earlier 17,913 sq.ft. residence, which he built before this one.
|Email Address||Not Available|
|Whatsapp Number||Not Available|
|Discord/Telegram Number||Not Available|
|Snap chat||Not Available|
|Real Name||David Alan Siegel|
|Nick Name||David Siegel|
|Age||86 years old|
|Height||In feet: 5.7|
In meter: 1.73m
In CM: 173cm
|Weight||In Kilograms: 76kg|
In Pounds: 167.5 Ibs
|Relationship||Wife: Geraldine Florence Sanstrom, Bettie Irence TuckerJackie Siegel|
|Children||Victoria Siegel, Richard Siegel, Debbie Siegel, Jonquil Siegel, Daniel Siegel, Jordan Siegel, Steven Siegel, Drew Siegel|
|Parents||Father: Sid Siegel|
Mother: Sadelle Siegel
David Siegel has always wanted to have a king-sized life; therefore, he began his trip by failing, but he kept working hard. Since then, he has amassed a considerable fortune. He is a man of value in the literal sense.