David Alan Siegel is a successful American businessman and the current CEO and President of Westgate Resorts Ltd in Orlando, Florida. In addition to leading Central Florida Investments Inc. and CFI Resorts Management Inc., he is also their chief executive officer.
In addition to real estate and construction, he is also involved in hotel and apartment management, tourism, transportation, insurance and retail. Siegel grew up in Florida, although he was born in Illinois. He graduated from Miami senior high and then went on to study business administration at the University of Miami.
However, he stopped taking classes. Siegel founded CFI in 1970 in the garage of his home. In 1982, he opened the first resort in the Westgate chain, Westgate Vacation Villas, with 16 rooms. The organization has now expanded to 28 other cities in the United States by establishing branches there.
The documentary “The Queen of Versailles”, which followed Siegel, his wife Jackie, and their move to Versailles in the early 1960s, won many awards in 2012. A former owner of the Orlando Predators of arena football, he is now part of the organization as an advisor.
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What is David A. Siegel’s net worth?
American businessman David. A. Siegel has a net worth of $500 million. Siegel founded Westgate Resorts, a successful timeshare company, in Florida.
He now holds the positions of president and CEO at the company. At the time when Siegel and his wife Jackie were trying to build one of the largest and most expensive homes in US history, in Florida, they were also the subject of the award-winning documentary “The Queen of Versailles,” which chronicles his temporary financial strains. after the collapse of the real estate bubble in 2008. In the following sections you will find much more information about this house and the accompanying documentary.
The Early Life of David Siegel
David A. Siegel was born in Chicago and now lives in Florida. He was born on May 3, 1935. David Siegel was born to Sadelle, a housewife and grocer Sid Siegel, who moved the family and their business to Miami when David was 10 years old. After completing high school at Miami Senior in 1935, Siegel enrolled at the University of Miami to study business and marketing. Plans have changed and he has not completed his studies.
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David Siegel Career
Mystery Fun House, which Siegel helped develop, was an Orlando attraction that first opened on March 29, 1976 and closed in 2001. The 2002 movie “Night Terror” was one of his productions. He founded the hugely successful Westgate Resorts, Ltd. where he is now president and CEO.
He is the chief executive officer of both Westgate and Central Florida Investments (CFI) Resorts Management (CFIRM). His investment company is involved in the tourism, transportation, retail, telecommunications and construction sectors.
Siegel’s net worth once exceeded $1 billion, but the economic downturn of 2008 greatly affected his many different business endeavors. He rose to prominence in 2012 after threatening to fire his entire staff in an email chain if President Obama was reelected. However, he did not heed his threat. In a 2015 episode of ABC’s “Celebrity Wife Swap,” he and actor Jeremy London swapped partners for a week.
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Personal life of David Siegel
Siegel has a total of eleven children, nine his own and two adopted. In 1961 he married Geraldine Florence Swanstrom; the pair remained together until 1969. The marriage between Siegel and Betty Tucker began in 1970 and lasted until their divorce in 1997. All children still lived with him.
He married Jackie Siegel, whom he had met in 1998 at a Jewish wedding. Victoria Siegel, the Siegels’ 18-year-old daughter, was found in a coma at the family’s Windermere home in June 2015. She was taken to hospital, where she was later pronounced dead. Her death was officially ruled a drug overdose, which has made David an outspoken opponent of drug use.
After a sexual harassment case was filed in 2008 by ex-Westgate employee Dawn Myers, David Siegel was found guilty of the charges. A jury from Florida first awarded her $ 5.4 million, but the judge lowered the amount to $610,000. Myers was awarded $506,847 in damages for her assault charge under state law, in addition to the $103,622 in damages.
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Business magnate and current CEO/President of Westgate Resorts Ltd in Orlando, Florida, David Alan Siegel is a prominent figure in corporate America. He is the CEO of Central Florida Investments Inc. and CFI Resorts Management Inc.
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