Paul Bilzerian

Paul Alec Bilzerian is a convicted felon and an American businessperson who specializes in corporate takeovers.

Bilzerian served a 13-month prison term and was forced to disgorge his profits after being convicted of failing to make full and timely statements on Schedule 13(d) filings related to failed takeover efforts of Cluett, Peabody, and Company as well as Hammermill Paper Company in the 1980s. This led to bankruptcy and a 30-year legal fight with the Securities and Exchange Commission. Bilzerian has insisted for the last 31 years that he is both morally and factually innocent.

Well, how well do you know about Paul Bilzerian? If not much, we have compiled all you need to know about Paul Bilzerian’s net worth in 2021, his age, height, weight, wife, kids, biography and complete details about his life. Well, if you’re all set, here is what we know about Paul Bilzerian to date.

Biography and Early Life

Bilzerian did grow up in Worcester, Massachusetts, but was born in Miami, Florida. He is an Armenian immigrant to the United States. Bilzerian’s father, a civil servant, and mother eventually separated, causing him to have a difficult teenage year; he would later define himself as a “juvenile delinquent.” Bilzerian dropped out of high school after being sent to the principal’s office for breaking the dress code by donning blue jeans one day in 1968.

Age, Height, Weight & Body Measurement

So, how old is Paul Bilzerian in 2021 and what is his height and weight? Well, Paul Bilzerian’s age is 70 years old as of today’s date 2nd August 2021 having been born on 7 December 1950. Though, he is 6′ 0″ in feet and inches and 183cm in Centimetres tall, he weighs about 187lbs in Pound and 85kg in Kilograms.

Education

After participating in the Vietnam War and receiving the Vietnamese Gallantry Cross, Bronze Star Medal, as well as Army Commendation Medal, he went to Stanford University and received a Bachelor of Arts with Honors in Political Science and later graduated with Distinction. In the same year, Bilzerian enrolled at Harvard Business School.

He had turned down offers of admission to many law schools in order to attend HBS, and he was uncertain about his decision.  Bilzerian got married to Stanford’s classmate Terri Steffen in the year 1978 and relocated to St. Petersburg, Florida, with her after graduation.

Personal Life: Dating, Girlfriends, Wife, Kids

Adam and Dan Bilzerian are Bilzerian’s two sons. Adam went to Gaither High School and was a member of the tennis team. Adam gave up his dream of being an Army Green Beret after being enraged by the state’s treatment of his father. He relocated to Saint Kitts and Nevis in the year 2007 after graduating from the Vanderbilt University, relinquishing his American citizenship in the process.

Is Paul Bilzerian Gay?

Paul Bilzerian’s sexual orientation is straight. He is married to Terri Steffen (m. 1978), and the couple has been blessed with two sons Dan and Adam Bilzerian.

Professional Career

One of Bilzerian’s first business ventures was a 1970s investment in WPLP, a Tampa Bay-area radio station, that he made alongside two Army colleagues who had worked in the broadcasting industry during the Vietnam War. Bilzerian, however, departed in the late 1970s to support his father-in-law in the real estate sector due to a power struggle.

The station’s output declined after Bilzerian left, resulting in its bankruptcy and Bilzerian’s lawsuit against his ex-partners. Bilzerian’s real estate investments were highly profitable, and they contributed to the start of his fortune. He moved to Sacramento, California, in 1984 to live with his father-in-law as well as another business partner.

Bilzerian began his first two high-profile takeover efforts in 1985, one of New York clothing maker Cluett Peabody & Company as well as the other of Pittsburgh construction firm H. H. Robertson, while still living in Sacramento. The board of directors of Cluett Peabody introduced poison pill clauses after Bilzerian acquired a large stake and increased his offer for the remaining 76 percent of the company in October, earning them public condemnation from Bilzerian.

Cluett Peabody ultimately approved a rival acquisition bid from WestPoint Pepperell (presently WestPoint Home) for $41 per share (in cash or WestPoint Pepperell common stock equivalent value); Bilzerian, as well as his fellow investors, decided to sell their interest to WestPoint Pepperell separately for $40 every share plus reimbursement of about $7.5 million in expenses.

In 1986, Bilzerian returned to Florida. That July, he alongside fellow investors William and Earle I. Mack (sons of H. Bert Mack, a New Jersey real estate developer), initiated a takeover bid against Hammermill Paper Company, buying around 3.3 million shares at an overall price of approximately $47 per share and then providing $900 million ($52 per share) to buy the rest of the company. Although Bilzerian’s bid was eventually turned down when Hammermill got sold out to the International Paper for $64.50 every share, the transaction nevertheless netted Bilzerian and his other investors a profit of over $60 million.

Awards

He has yet to receive any noteworthy awards. Though he was only in jail for a short time, this could change in the future. He is working hard to ensure he accumulates more wealth.

Net Worth, Salary & Earnings of Paul Bilzerian in 2021

As of 2021, Paul Bilzerian has a net worth of over $80 Million. He has accumulated his wealth from various investments ranging from real estate and radio.

In the year 2001, he applied for bankruptcy for the 2nd attempt, but his key real estate asset was protected from creditors under Florida bankruptcy law. Some of his creditors suspected he was using the bankruptcy filing as a tactic to keep them from collecting, but this was never proved.