Darwin Deason Net Worth

5 months ago

Darwin Deason is a self-made billionaire who started his career with just $50 and a 1949 Pontiac. After leaving his small town in Arkansas, he got a job at Gulf Oil and eventually took over Dallas data-processing firm MTech. He sold MTech in 1988 and started Affiliated Computer Services, which handled services for clients such as E-ZPass. He took ACS public and then sold it to Xerox for $6.4 billion in 2010. Despite his success, Deason still values family and splits his time between Dallas, San Diego and his 205-foot yacht "Apogee" with his fifth wife, Katerina.
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Age, Biography and Wiki

Birth Place	Dallas, Texas, United States
Residence	Dallas, Texas
Occupation	Businessman

💰 Net worth: $1.2 Billion (2024)

Darwin Deason, a well-known figure in the United States, is estimated to have a net worth of $1.2 billion by 2024. Deason has made a significant impact on the country through his service and contributions. His wealth is a testament to his successful endeavors and business ventures. As an influential individual, Deason has left an indelible mark on various industries and has earned a reputation for his dedication and hard work. His wealth signifies not only financial success but also the recognition and influence he holds in the United States.

2010 $1 Billion

2011 $1.05 Billion

2012 $1.1 Billion

2013 $1 Billion

2014 $1.1 Billion

2015 $1.5 Billion

2016 $1.4 Billion

2017 $1.2 Billion

2018 $1.32 Billion

Biography/Timeline

1988

Deason grew up on a farm near Rogers, Arkansas. He moved to Tulsa, Oklahoma after graduating from high school, and he got a job at Gulf Oil. Deason got a job for a data processing company, and eventually took control of a struggling Dallas company that he renamed MTech. After selling MTech, Deason founded Affiliated Computer Services in 1988. ACS became one of the first companies to outsource office work to places outside of the United States. The company went public in 1994. Deason retired as CEO of the company in 1999, but remained chairman.

2007

In 2007, Deason attempted to buy control of ACS with the help of Cerberus Capital Management, but the deal collapsed and members of the A.C.S. board resigned in protest. In 2009, Deason negotiated a deal to sell A.C.S. to Xerox. Shareholders sued Deason due to the premium that Deason received in the deal, but the sale went through in 2010.

2012

Deason and his family donated $250,000 to support Rick Perry's 2012 presidential candidacy.

2015

In October 2015, Darwin Deason backed Ted Cruz for the 2016 campaign

2016

Deason also donated $5 million to support Perry's 2016 presidential candidacy. After Perry dropped out of the race, Deason asked for his money back. Deason's son, Doug Deason is a member of the Koch Brothers political network. Deason and his family donated $1 million to support Donald Trump's 2016 presidential candidacy.

2017

During the 2017 attempt to repeal the Affordable Care Act, Doug Deason told Senator Mitch McConnell and other senior Republicans that they would not make political contributions if Congress did not reduce taxes and repeal the Affordable Care Act.