Andrew Beal’s net worth is estimated to be $45 Million!
Introduction
Andrew Beal is an American banker, investor, entrepreneur, and amateur mathematician.
Beal has been involved in the business of banking since 1968 when he founded the Beal Bank. He started it in the wake of the Arab oil crisis of the late 1970s and early 1980s. During his tenure, Beal Bank has become a leading real estate banking service provider.
Andrew Beal is an American business tycoon and media mogul. Forbes has ranked him as the seventh richest man in the United States, the second wealthiest in Texas and the twelfth in the nation. He has also been listed on TIME’s list of the 100 most influential people in the world.
Early Life
Andy Beal is a musician and a singer. He is famous for his singing in the R&B and soul music genres. He has had a number of hits in his career. He was known for having the first hit recording with a rock influenced song “Love Me or Leave Me” which was released in 1980.
He is also a fan of the soccer club Bologna FC 1909.
In 2015, at 18, Beal began a full-time job at a large software company. In 2017, he graduated from Villanova University with a degree in Computer Science, with a concentration in Artificial Intelligence, and was named a Presidential Scholar.
Career
At age 18, Beal joined the Navy to avoid college. After he left the Navy, he started a landscaping business (Beal Landscaping, LLC) where he did lawn care and painting for local contractors. He hired a crew, who did all of this work for him.
When he was 19, he left his family’s home in San Antonio, TX, and moved with his pregnant wife and two young sons to Waco, TX. They rented a small home for $15,000 a year.
Beal and a partner bought two housing projects in disrepair in 1981, the Brick Towers in Newark, New Jersey for USD 25,000.
He believes this approach is much better than investing in commercial real estate, because you can buy financial assets at a discount and get a better return than commercial property.
Beal published a proof that he believed to prove Fermat’s Last Theorem. A mathematical community in the US found flaws in his proof, however, and ultimately, the community did not find his proof acceptable.
Beal Bank donated one million dollars directly to the Perot Museum of Nature and Science. Beal Bank also gave a $1 million donation through the Beal Bank Foundation, which is a wholly-owned subsidiary of Beal Bank. Through the Beal Bank Foundation, it also donated $1 million to the Perot Museum of Nature and Science in Dallas, which opened in December 2012.
Andrew Beal has a net worth of $10 Billion.
Highlights
Andrew Beal is a retired U.S. Air Force Lieutenant Colonel who has worked as a consultant on national security and foreign policy for various organizations. He has received numerous awards for his military service in the U.S. Air Force.
Favorite Quotes From Andrew Beal
“We’re no longer profitable. We have no plans to do much more than that, and we have a number of other companies that compete with us. We don’t expect to grow very much in the future.”
For more information about the companies, please check the source: [Alibaba.com].
3 Life Lessons From Andrew Beal
The first lesson we can learn from Andrew Beal is to always make sure you’re doing everything right before you hit the launch button.
1. Change
For our lives to be changed, we must change. The degree to which we change our minds will be to the degree that our lives will change.
2. Stumble
A stumble is a great thing. If you do a small mistake, you will learn. As you learn, you will grow.
Now I’ve said good morning, you’ve said good night.
Now it’s time to go shopping, and you will need these.
3. Take Charge
This is one of the most profound questions you can ask yourself. It’s a great question.
Summary
Beal started the Beal Bank & Beal Bank USA which is now Beal Bank in Miami, Florida during the late 1960s, an institution he started along with a few other friends to help finance and invest in small business and real estate in Miami Florida.
Beal became known for renovating or buying properties. In Las Vegas between 2001 and 2004, Beal participated in high-stakes poker games against professional players.
Andrew Beal’s net worth is $10 billion as of November 2020.