Age, Biography and Wiki
Birth Year | 1946 |
Birth Place | Palm Beach, Florida, United States |
Age | 77 YEARS OLD |
Residence | Palm Beach, Florida, US |
Alma mater | Babson College |
Occupation | Chairman and CEO, C. Dean Metropoulos and Company |
Known for | Hostess Brands and Pabst Brewing Company |
Children | Daren Metropoulos (son), Evan Metropoulos (son) |
Net worth: $2.6 Billion (2024)
C. Dean Metropoulos, a renowned name in the food and beverage industry in the United States, is estimated to have a net worth of $2.6 billion in 2024. As a successful businessman and investor, Metropoulos has made significant contributions in the industry, acquiring and reviving various iconic brands. His shrewd business acumen and strategic investments have propelled him to great financial success. With an impressive track record, Metropoulos continues to shape the food and beverage landscape in the United States while solidifying his position as one of the wealthiest individuals in the industry.
Famous Quotes:
"People walk up and thank me for bringing back Twinkies."
Biography/Timeline
Metropoulos is the executive chairman and chief executive officer of C. Dean Metropoulos & Company. The company was founded in 1993 and is based in Greenwich, Connecticut. As of 2011, C. Dean Metropoulos & Co. has been involved in over 72 acquisitions with over $12 billion in invested capital. The company jointly owns Hostess Brands along with Apollo Global Management.
Metropoulos lives in Palm Beach, Florida, with his wife Marianne, who in 2011, was President and Principal of Aegean Entertainment, a movie production company in Beverly Hills. They are parents of sons Evan and Daren. Daren, age 33 in early 2017 and a principal in C. Dean Metropoulos & Company, purchased the Playboy Mansion for $100 million in 2016.
In September 2014 American Entrepreneur Eugene Kashper, backed by TSG Consumer Partners, announced an agreement to acquire Pabst Brewing from C. Dean Metropoulos & Co for $700 million. The sale represented a gain of $550 million more than what the company paid for it in 2010. Bumble Bee Tuna is another brand owned by a company "bought and flipped" by the firm.
On July 7, 2015 there were rumors of a Hostess Brands IPO. Metropoulos has stated that there is no plan for an IPO. In July 2016, a Hostess IPO was announced.
On the Forbes 2018 list of the world's billionaires, he was ranked #965 with a net worth of US$2.6 billion.
At age 25, he went to Geneva, Switzerland, to become a financial Director for GTE International’s (now Verizon) European, Middle Eastern and African operations. Later he returned to the U.S. as the company’s youngest controller.