What was JR Ridinger's net worth?
JR Ridinger was an American businessman who had a net worth of $300 million at the time of his death. Jr Ridinger died unexpectedly in August 2022 at the age of 63. He reportedly died after suffering from pulmonary embolism while aboard a yacht in Croatia.
James Howard Ridinger was born in New York, NY. In 1992 he co-founded the internet marketing and product brokerage company Market America/SHOP.com with his wife Loren. The company employs 500 people and is headquartered in Greensboro, North Carolina. They serve more than 3 million customers and ranked 27th on The 2013 DSN's Global 100 List. The company's products include health, home & garden, pet care, auto care, personal care, cosmetics, jewelry, and water filter systems. The company sponsored the 10th Annual Fashion Art Ball to Benefit Cystic Fibrosis.
Real Estate
In June 2020 JR and Loren Ridinger put their NYC condo on the market for just under $20 million. Here's a video tour:
They ultimately lowered the price to $19.5 million. As of this writing they have not found a buyer. The monthly HOA fee for the 7,600 square-foot unit is $19,000.
In 2016 they paid $6 million for a large mansion in Greenwich, Connecticut. They sold this home in April 2019 for $6.85 million.
At the time of his death in 2022, JR and Loren's primary residence was a different Greenwich mansion which they acquired in 2018 for $17.5 million. The 5.34-acre property had been listed for $25 million.
In Miami, Loren and JR owned a large waterfront mansion that is likely worth $20 million.
Yacht
JR and Loren owned a $50 million yacht called Utopia IV. This is NOT the yacht JR was on at the time of his death. At the time of his death, Utopia IV was undergoing repairs after an accident in December 2021 in which the yacht apparently rear-ended an oil tanker, subsequently causing the tanker to sink.
