C. Dean Metropoulos Net Worth: $2.3 Billion
Category: Richest Business › Richest Billionaires
Net Worth: $2.3 Billion
What is C. Dean Metropoulos’s Net Worth?
C. Dean Metropoulos is an American businessman with a net worth of $2.3 billion, making him one of the richest individuals in Connecticut. He is the CEO of Metropoulos & Co., an investment firm he runs with his sons, Daren and Evan Metropoulos. The company, founded in 1993, has been involved in over 80 acquisitions, including major transactions like Hostess Brands and the Pabst Brewing Company. Under Metropoulos’ leadership, Pabst saw a resurgence in popularity in the early 2010s. He bought Pabst in 2010 for $250 million and sold it in 2014 for $750 million. Notably, his son Daren purchased the Playboy Mansion in 2016 for $110 million.
Early Life and Education
C. Dean Metropoulos was born in May 1946 in Tripoli, Greece. At the age of 10, he immigrated with his family to the United States, settling in Watertown, Massachusetts. Metropoulos earned both his Bachelor’s degree and MBA from Babson College in Wellesley, Massachusetts.
Career Beginnings
Metropoulos started his business career at 25 when he moved to Geneva, Switzerland, to serve as a financial director for GTE International, a telecom and precision materials company. He eventually became the senior vice president of GTE and returned to the US as the company’s youngest controller.
Metropoulos & Co.
After amassing a fortune in private equity during the 70s and 80s, Metropoulos founded Metropoulos & Co. in 1993. The firm, based in Greenwich, Connecticut, invests in food and beverage, consumer products, and various other sectors. It has been involved in over 80 acquisitions, including notable brands such as Hostess, Aurora Foods, Stella Foods, BlueTriton, Ghirardelli, Morton Salt, and Briggs & Stratton. Metropoulos serves as the chairman and CEO, running the company with his two sons.
Major Acquisitions and Successes
In 2010, Metropoulos & Co. made a significant acquisition by purchasing the Pabst Brewing Company for approximately $250 million. Under their ownership, Pabst experienced a global resurgence. The firm also owned distribution rights to other beer brands, including Schlitz, Schaefer, and Falstaff. In 2014, the Metropoulos family sold Pabst to entrepreneur Eugene Kashper for around $700 million. Kashper later completed the sale to Blue Ribbon, a partnership with TSG Consumer Partners.
Personal Life
C. Dean Metropoulos is married to Marianne Metropoulos, the former president of the movie production company Aegean Entertainment. They live in Palm Beach, Florida, and have two sons, Evan and Daren. Both sons are actively involved in the family business, focusing on operational and marketing strategies. Daren, at 19, managed the renovation of the historic Castle on the Hudson in New York. In 2016, he purchased the Playboy Mansion. Both Evan and Daren are also engaged in luxury residential real estate.
Conclusion
C. Dean Metropoulos’s impressive career in business and investment, along with his strategic acquisitions, has solidified his status as one of the richest individuals in Connecticut. His family’s continued involvement in the business and real estate sectors ensures that the Metropoulos legacy will endure for generations.
