$ 400 Million
Karl Eller Net Worth: Karl Eller is an American businessman and entrepreneur, A true (Arizona) business success story, Eller purchased the Arizona operations of the New York-based billboard advertising company Foster and Kleiser in 1962 and built it into a major regional business, a move which propelled Eller’s career. It was in 1962 when Eller acquired the Arizona operations of Foster and Kleiser, a billboard advertising company based in New York. Eventually, he developed it into a major business in the region. In 1968, he became one of the founding investors of the National Basketball Association’s Phoenix Suns.Karl Eller has a net worth of $400 million dollars.
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Karl Eller Net Worth 2019 @ $400 Million
Karl Eller is an American businessman and entrepreneur who has a net worth of $400 million dollars.
How Much Karl Eller Earns A Year?:
- Annual: $400 000 000
- Monthly: $33333333,33
- Weekly: $7692307,69
- Daily: $1095890,41
Karl Eller Biography
Karl Eller — a decades-long Arizona business leader, former owner of Eller Media and the namesake of the University of Arizona’s Eller College of Management — is in critical condition at a California hospital after falling from his bicycle, the Arizona Republic is reporting.
Eller, who turns 84 June 20, is in a medically induced coma and not stable enough to return to his Phoenix home, according to his wife, Stevie Eller. The couple has homes in Phoenix and the San Diego area.
Eller is a true Arizona business success story. Born in Illinois, he moved to Tucson as a boy in the 1930s and later attended the University of Arizona. He returned to Chicago after college to work in advertising, which led to him eventually scraping together the $5 million needed to buy out a regional arm of a national billboard company in the early 1960s.
That move propelled Eller’s career, which spanned the decades in Arizona and included a stint as CEO of Circle K. Under his leadership, the convenience store chain grew from about 1,000 to 5,000 stores across the county, a direction the market could not sustain.
Eller resigned from Circle K in 1990, a week before the company filed for Chapter 11 bankruptcy reorganization. He personally was $100 million in debt at the time and refused to file for personal bankruptcy protection, opting instead to call his creditors and investors to cobble together enough money to launch a comeback.
Two years after exiting Circle K, he launched Eller Media, which became the largest outdoor billboard business in the nation. Five years later, he sold it for more than $1 billion, the Republic reports.
Over the years Eller has made a significant stamp on Arizona, helping to bring the Phoenix Suns to Phoenix, and the Arizona Cardinals and Fiesta Bowl game to Tempe at the time. He also was part owner of the Phoenix Suns when the team started out in 1968, and he was the man who hired Jerry Colangelo away from the Chicago Bulls to run the new team. Colangelo would go on to become arguably the biggest sports mogul in Arizona history, not only leading the Suns but also be bringing baseball to the Valley with the Arizona Diamondbacks in 1998 and having his hands in many other sports-related efforts.
Bio Data of Karl Eller:
Source of Wealth: Foster and Kleiser, Combined Communications, Inc, Columbia Pictures
Birth Place: Chicago, Illinois
Full Name: Karl Eller
Nationality: United States
Date of Birth: 1928
Education: University of Arizona, Tucson High Magnet School
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