Mike Repole Net Worth: Find below the most recent update on Mike Repole’s Net Worth. We did our best to find factual information (if available) about Mike Repole’s salary (per: month/year), earnings, expenses, finances, income report, property holdings and how rich in 2019.
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Mike Repole is a 50-year-old American entrepreneur from Long Island, NY. The 5ft 9in tall was born on January 21, 1969.
Personal Life: Repole was born to middle-class parents, mother Annie Repole and father Benny Repole, who worked as a waiter. Being faithful Catholics, his parents were immigrants from Italy and lived in Middle Village Queens, New York City.
Repole experienced childhood taking up his studies at St. Margaret’s Elementary School and Holy Cross High School. Later, continuing at St. John’s University he graduated with a degree in Sports Administration.
Currently, Repole lives on the North Shore of Long Island with his little daughter that he has with his wife Maria.
Career: Repole initially started his vocation at a multinational soft drink company called ‘Mistic Beverages’, later, as a Vice President of Sales he joined Crystal Geyser (cold-water carbon dioxide driven geyser) located at the east bank of the Green River.
The beverages became the top-selling water brand in the US, the organization saw its sales topping to up to $1 billion in 2007 and had netted approximately $1 Million in its first year. Later, Energy Brands was sold to Coca-Cola for $4.1 billion in 2007.
In 2009, Repole joined a corn snaking company called Pirate’s Booty, as the director of the board be boosted the growth of the organization under five years. Later, B&G Foods acquired the firm for $195 million in 2013.
Moving forward he propelled a sports drink ‘BodyArmor Superdrink‘ with partner Lance Collins in 2011. In 2014 the popular basketball player Kobe Bryant invested a hefty amount into the company which gained media attention.
Bryant became BODYARMOR’s creative director by holding the 4th largest stake in the company, and in Aug 2018, Coca-Cola became the second-largest stakeholder in the sport’s drink brand.
Repole now being the current Chairman of the company has boosted BodyArmor’s sales to an extent that its the third most purchased sports drink with revenues topping $400 million in 2018.
As a teenager, Repole became a big lover of horse racing and at the peak of his career, he progressively was involved in the sport.
He opened ‘Repole Stable’ and cultivated horse bred ownerships, his horse, ‘Uncle Mo’, was named the American Champion Two-Year-Old in 2010.
One of his horse ‘Nyquist’ became the most popular racehorse in America winning the Kentucky Derby in 2016. Other most popular horses in Repole’s stable include; Coach Inge, Notacatbutallama, Caixa Eletronica and Stay Thirsty (multiple Grade 1 winner).
|Real Name:||Mike Repole|
|Date of Birth:||21 January 1969|
|Age, How Old:||50 Years Old|
|Place of Birth:||Middle Village, Queens, NY|
|How Tall, Height:||5ft 9in|
|Years Active:||Present Since — 1999|
4th Oct 2019: Repole Stable runner competed in the Breeders’ Cup judging by more than $20 million. It’s been eight years now Repole’s stable has earned since then. Repole had to say —— “I could run in the Breeders’ Cup every year. Everybody can,” “But it’s about going there with a real chance of winning.”
Mike Repole Net Worth
So how much is Mike Repole net worth and how rich is he today. We accumulate maximum information (if available) from trusted sources to provide you with true data about salary, income, money, assets & liabilities of a celebrity.
Today, Mike Repole Net Worth Is Estimated To Be Close To $1 Billion Dollars.
Most of Mike Repole’s net worth and the money he has earned comes from being a businessman. Mike Repole’s salary and income per year can vary depending on multiple undertakings as an investor and owner.
It is hard to predict or gauge his spending habits every month as this information is private and not publicly available.
We are only updated with buying information for big transactions like; house, property, real estate, cars, jewelry, and lavish spending. This information will be listed in this article if necessary! Check for updates.
Mike Repole Salary
|Net Worth in 2019||$1 Billion (Approximately)|
|Earnings in 2019||Under Review (Will Update)|
|Income Source||Businessman, Owner|
|House Worth||Under Review (Will Update)|
|Investments||BodyArmor, Repole Stable|
How Much Do Business Owners Get Paid?
The owner or founder of the business can set his/her own salary and can allocate as much or as little paychecks from the company. The owner can decide how much to pay himself depending
An owner is supposed to take care of the paychecks given to employees and creditors first then rather paying himself. An owner will always make sure he gets a fair and hefty cut from his business compared to his paybacks for labor and risk.
Actually, there is no fixed amount that an owner or entrepreneur can earn, their many factors to retain stable money coming from the business. An owner can also choose to take out money from the profits for personal use and reinvesting back in the company, but of course,
Also, there are several ways that a business owner can pay himself, some of them include; Dividends, Paying Family (employing family members to keep money in the family), Fringe Benefits (tax-deductible business expenses), Delayed Compensation (for IRS
Celebrities have other sources of income that can make them a lot of money as well, a good number for their net worth comes from investing elsewhere.
Celebrities make money by teaching their skills, selling products on the television, selling royalties, opening businesses like restaurants and fashion labels, brand endorsement campaigns, flipping real estate, attending concerts and events for some real money.
Read Other Interesting Net Worth Stories.
How Net Worth Is Calculated?
Many of them don’t know how exactly celebrity net worth is calculated, the monetary terms of determining an individual’s net worth are by subtracting the liabilities from the assets. Net worth is the amount of accumulated money which is already debt-free.
How To determine an Individual’s net worth? The net worth is calculated by determining how much money is invested “in the bank”, or assets right now, this does not include an upcoming paycheck.
The net worth can be classified into liquid or non-liquid assets. Liquid assets can be can simply mean the money in savings account which is quickly accessible for use. Non-liquid assets include; home, jewelry, collectibles, artwork, business or service which has a monetary value after a trade.
Unlike assets, celebrities has liabilities as well, which can be a negative impact on their worth. Liabilities and debt are not a part of net worth, and this is the reason why you could see a decline in a celebrity’s net worth.
If you see a big fall in any celebrity’s net worth, it can be due to many factors including; lawful charges, divorce settlement, child care, mortgages, outstanding bills, back taxes and overheads.
Income, salary, net income or net salary is not the same as net worth. Net earnings
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