What is Victor Posner's Net Worth?
Victor Posner was an American businessman who had a net worth of $600 million. Victor Posner was born in Baltimore, Maryland in September 1918 and passed away in February 2002. He was a pioneer of the leveraged buyout and was one of the highest paid business executives of his time. Posner acquire a 12% share of gas company National Propane Corporation in 1966 and acquired another 77% the next year. In 1967 he acquired a controlling interest in shirt maker Wilson Brothers. He acquired 51% of Southeastern Public Service Company which owned the subsidiaries RC Cola and Arby's. Posner owned a 51% stake in Graniteville Company and 25% of Axia Incorporated among other companies. He was involved with other companies including Snapple Beverages. He had four children including Steven and Tracy Posner. Victor Posner passed away on February 11, 2002 at 83 years old. His estate was valued between $200 million and $1 billion.
Victor's daughter Tracey is married to Batman actor Burt Ward. Together Burt and Tracey founded a dog charity called Gentle Giants Rescue and Adoptions. At any given time they take care of around 50 dogs of their own plus hundreds of other dogs that are up for adoption. They operate a 15,000 square foot dog shelter and produce a healthy dog food that has helped some animals greatly improve their health and lifespan.
