How much is David Siegel of Westgate worth?

David. A. Siegel is an American entrepreneur who has a net worth of $500 million dollars. Siegel is well known for founding Westgate Resorts, a Florida-based timeshare resort firm.

How did David Siegel lose his money?

David Siegel's business was forced to lay off more than 3,394 employees in 2008, after the housing bubble burst. Those financial troubles led to changes for the Siegel family, a clan that consists of David, Jackie and their eight children, including Jackie's adopted niece.

Do the Siegels still own Versailles?

With Westgate Resorts' improved finances as of 2013, Siegel now owns the property outright and construction has resumed. Completion was scheduled for 2016. Then as of March 2017 the completion date had been pushed back to at least 2019.

Where do the Siegels live?

Timeshare mogul David Siegel and his wife, Jackie, known as the “Queen of Versailles,” bought a waterfront North Palm Beach house for $5.2 million. The Siegels purchased the five-bedroom, 6,867-square-foot home at 832 Harbour Isles Place from Stanley and Adele Janow, according to public records.

Did the Siegels go broke?

When the documentary ended the Siegels were on the brink of bankruptcy as David's time share business suffered financial fall out from the recession and the couple was forced to halt work on their American homage to the French Palace of Versailles as the bank placed the 90,000 square foot home in foreclosure.

David

How much is David Siegel's house worth?

Once completed, Versailles will have 14 bedrooms, 32 bathrooms, 11 kitchens, a movie theater, a roller rink, a bowling alley, a 30-car garage, three levels, two elevators — including one that is gold — and a slew of other amenities. The price of the property is estimated to exceed $30 million.

Who owns Versailles?

The Palace of Versailles is currently owned by the French state. Its formal title is the Public Establishment of the Palace, Museum and National Estate of Versailles. Since 1995, it has been run as a Public Establishment, with an independent administration and management supervised by the French Ministry of Culture.

Are the Siegels still together?

'Queen of Versailles' star Jackie Siegel, 53, and billionaire husband David, 84, renew vows in lavish Las Vegas party. JACKIE Siegel, the “Queen of Versailles,” renewed her vows to billionaire husband David Siegel last week — 20 years after they first wed in Las Vegas.

Is Westgate Resorts still in business?

Westgate Resorts is an American timeshare resort company founded by David A. Siegel in 1982. The company first expanded from Central Florida to Miami and Daytona Beach. As of July 2021, Westgate Resorts has 29 locations across the United States.

Who owns the Queen of Versailles house?

The 56-year-old and her timeshare mogul husband, David Siegel, 87, began constructing their sprawling 90,000-square-foot home on the shore of Lake Butler, Florida, in 2004 with the aim of one day living in the largest house in America.

How did the Queen of Versailles make money?

Jackie Siegel, aka the Queen of Versailles, is a model, actress, and beauty pageant director. After winning Mrs. Florida America in 1993, she became the owner and director of Mrs. Florida America beauty pageant.

Is Versailles finished?

David and Jackie Siegel's 90,000-square-foot Versailles home is slated to be finished before the end of the year. David Siegel on April 6 told Orlando Business Journal the house should be completed within a year.

What happened to PH Westgate Las Vegas?

Hilton Worldwide on Thursday announced a new name for the former PH Towers Westgate timeshare resort on the Las Vegas Strip. The new name for the 52-story timeshare, which has more than 17,000 vacation interval owners, is “Elara, a Hilton Grand Vacations Club.”

How much is Westgate Resorts worth?

As for the company, Westgate says it is worth more than the $900 million Forbes currently estimates.

Are timeshares a waste of money?

Throwing money at a timeshare is not an investment and will not generate money for you. An investment implies that you can eventually sell it and make money. With timeshares, you're just pre-paying your hotel bill for the next 20 years whether or not you use it.

How do I get rid of my Westgate timeshare?

Use a deed transfer to get rid of your timeshare deeds and no longer be responsible for the payments. To transfer your Westgate Resorts timeshare deed, you must meet a couple of qualifications: your timeshare must be completely paid off, and you must be up to date on your maintenance fees or any other payments.