Mitchell Modell’s estimated net worth is $20 million
Mitchell Modell Wiki Biography
Mitchell Modell, born in Brooklyn, New York City, USA, is a businessman of Hungarian ancestry. He is best known for his role as the President and CEO of Modell’s Sporting Goods, and of Henry Modell & Company. Additionally, he serves as the Director of the National Retail Federation Inc. His career in business began in 2001.
According to reliable sources, Mitchell Modell’s net worth exceeds $20 million as of early 2016. His primary source of income is the successful family business.
Mitchell Modell Net Worth $20 Million
Mitchell Modell grew up in a Jewish family in Brooklyn alongside two siblings. His family’s involvement in the business industry dates back to the founding of Modell’s Sporting Goods in 1889 by his great-grandfather Morris A. Modell. This sporting goods retailer has been the main source of his and his family’s net worth.
Following the passing of his brother Michael Modell in 2001, Mitchell was appointed as the company’s CEO. His appearances on various talk shows and reality TV series such as “Undercover Boss” in 2012 have significantly contributed to his net worth. Modell’s Sporting Goods owns over 150 retail stores across several states, with an estimated annual revenue of close to $700 million.
The company’s sponsorship of numerous professional sports teams has further increased its profits and consequently, Mitchell’s net worth. His net worth is expected to grow as he continues his successful career in the business industry.
Regarding his personal life, Mitchell Modell keeps it private. However, there have been reports about legal issues with his sister-in-law, accusing him of misusing more than $7 million of the company’s profits on personal luxuries.
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| Net Worth | $20 Million |
| Place Of Birth | Miami, Florida, U.S. |
| Height | 1.6 |
| Spouse | Erik Stevens |
| IMDB |
| # | Fact |
|---|---|
| 1 | Modell’s CEO. |
