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Paul Bilzerian is an American businessman and corporate acquisition specialist. Paul Bilzerian is also popular as the father of an Instagram celebrity, Dan Bilzerian. Likewise, he served in the US Army and fought for his country in the “Vietnam War.”
Birth and education data
Paul Bilzerian was born in the year 1950 in Miami, Florida, United States. He is 73 years and has American nationality. And his full name is Paul Alec Bilzerian. Paul grew up in Worcester, Massachusetts, and is an Armenian American.
His mother’s name is Joan Bilzerian and his father’s name is Oscar Bilzerian. She also has a brother named Mark S. Bilzerian and a sister named Deborah C. Lambert. Likewise, Paul Bilzerian was born into a middle-class family. His father was a public official, while his mother was a housewife. Unfortunately, his parents did not get along and had frequent disputes that led to their divorce. Paul was just a teenager at the time. And his parents’ divorce affected him badly and he remained very bitter about it until his high school years. Bilzerian described himself as a “juvenile delinquent.”
The principal called Paul Bilzerian into the office one day when he was in high school for violating the dress code by wearing blue jeans in 1968. He then responded by dropping out of school. Later, after serving in the Vietnam War and earning a Vietnamese Gallantry Cross, a Bronze Star Medal and an Army Commendation Medal, he went to college. Paul was able to obtain a Bachelor of Arts with Honors in Political Science. And he was able to graduate with Distinction from Stanford University in 1975.
Likewise, Bilzerian enrolled at Harvard Business School that same year. However, he was unsure of his choice to attend, as he had turned down offers of admission to several law schools to enroll at HBS.
Paul Bilzerian – Net worth 2024
As for Bilzerian’s earnings and net worth, no information has been revealed so far. But his main source of income is his career as a businessman.
Career and professional life
Paul Bilzerian got his first job at the Crown Zellerbach Corporation right after graduating. He was able to learn the practical aspects of making investments in this company and later wanted to start something of his own. Likewise, the other two “Vietnam War” veterans, who were friends of Paul and knew the broadcasting business, contacted him. Later he decided to do the first business of his life with a radio broadcasting company, “WPLP”.
Bilzerian and his other partners managed to convince the owner to sell the company to them instead of other bidders. After becoming the owner of the company, Paul was the one who managed the company’s finances. They were able to take over the station in 1978. At that time, the station was not making significant profits but it was not making any losses either.
More about career
And soon after taking over, the company posted huge losses caused by some risky changes to the format. This definitely led the station into several disputes between partners which later resulted in lawsuits filed by each party.
Likewise, all this ended with Paul Bilzerian recovering what he had invested in the company and something else too. Later, he was able to venture into real estate with the help of his father-in-law, Harry Steffen. He was also able to find his strength in the real estate business and was able to amass a fortune of more than 100 million dollars. Furthermore, Bilzerian was able to return to the stock market in 1982 after earning enough money from his real estate ventures. Paul even aimed to venture into the realm of corporate acquisitions. He was able to successfully take over “Singer Corporation” in the year 1985, which is a defense electronics manufacturer.
Controversies
Paul Bilzerian was able to make several successful, as well as unsuccessful, takeover attempts over the next few years. He was also criticized for his methods and developed hostility between several companies he attempted to own. Additionally, a Manhattan court charged him with tax and securities fraud in December 1988. However, within just a month, Paul pleaded not guilty and urged the court to speed up the trial so that he could clear his name as quickly as possible. . Again, in June 1989, he was found guilty on nine charges, including false statements, fraud and conspiracy. He was sentenced to 4 years in prison, with an additional fine of 1.5 million dollars in September of the same year.
Furthermore, Paul’s appeals were rejected and, in December 1991, he was imprisoned in Florida. He was later released in January 1993, but had to serve the rest of the sentence under house arrest. After his release, he had the opportunity to be a director of a Utah-based software company, “Cimetrix”. However, after a few years of working there, the government intervened and removed him from his position as president and the company declared bankruptcy shortly after.
Bankruptcy and more
Paul Bilzerian filed for bankruptcy in 1991 and also in 2001. The Securities and Exchange Commission (SEC) alleged that he was not actually bankrupt and that he was simply pretending to prevent his creditors from knowing his true value. of its assets. Additionally, the court jailed Bilzerian for failing to provide an accurate valuation of his assets. And, while he was in prison, the SEC raided his property and ordered him to resolve the matter. When he got out of prison, it was decided that his house would be sold and the money would be divided between her and the SEC. The media highlighted this issue a lot.
Caption: Paul Bilzerian with his wife, Terri Steffen (Source: The Wall Street Journal)
civil status
Paul married Terri Steffen in 1978. They were classmates at Stanford University. After Paul’s graduation, they married and moved with her to St. Petersburg, Florida. The couple has two children and their names are Dan and Adam Bilzerian. Dan Bilzerian became a social media celebrity. However, Adam left the United States due to his frustration with how the American government had mistreated his father. Likewise, Paul Bilzerian later used the citizenship tactic when investing in Saint Kitts and Nevis, following his youngest son, Adam, who now lives in the West Indies country along with his wife.
Caption: Paul Bilzerian with his son, Adam Bilzerian (Source: Aravot)
Body measurements
Paul’s body measurements such as his height, weight, chest size, waist size, hip size, biceps size and any other size are not available until now. All of these body measurements of Bilzerian are still under review. Additionally, Paul has brown eyes and black hair that has turned gray and white due to his old age.
Paul Bilzerian – Social Networks
Paul is not active on any social media platform and does not own any social account as of now. He may not know much about social media and stay away from it.
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Categories: Biography
Source: vcmp.edu.vn