Greg Renker
Richest Business

Greg Renker Net Worth

4 days ago

He went on to become a successful entrepreneur, launching Guthy-Renker in 1988. The company has since become one of the largest direct-to-consumer product companies in the world, with products ranging from beauty and health to fitness and entertainment. Renker's success has earned him a net worth of $600 million dollars. Greg Renker is an American businessman who has achieved great success and amassed a net worth of $600 million dollars. His journey began when he was 16 and his father lost his job, prompting Renker to develop an affinity for self-help books. He went on to co-found Guthy-Renker in 1988, which has since become one of the largest direct-to-consumer product companies in the world. Renker's success has earned him a net worth of $600 million dollars.
Greg Renker is a member of Richest Business

Age, Biography and Wiki

Birth Year 1957
Birth Place United States
Age 66 YEARS OLD
Net Worth: $600 Million
Last Updated: 2019

💰 Net worth: $600 Million (2024)

Renker attended the University of San Diego, majoring in comparative literature and simultaneously working sales jobs, including a job as a real estate agent. In 1981, at the Indian Wells Racquet Club and Resort in Indian Hills, California, where Renker's father was a manager, Renker met his future business partner Bill Guthy. Both Renker and Guthy were fans of the book Think Rich and Grow Rich and decided to buy the rights to the book (for $100,000) and ran their first infomercial in 1988, grossing $10 million from the campaign. Soon their focus turned to their newly formed company Guthy-Renker and its concept of new product and brand development, including selecting, licensing and developing products that met the direct response criteria for success, using a method of casting talent that had an associated product story rather than using a traditional endorsement. Guthy-Renker has partnered with many celebrities as well as physicians to launch their skin and hair care products (Victoria Principal, Cindy Crawford, Dr. Perricone, etc.). Today, Guthy-Renker employs around 650 people and has more than 400,000 square feet of fulfillment distribution and call center space, with locations in California, Louisiana and North Carolina. Renker and Guthy were honored by Goldman Sachs as two of the 100 Most Intriguing Entrepreneurs during the 2013 Innovators Summit.

Guthy-Renker Revenue: By 2001, the company was generating $400 million per year in revenue. That number had grown to $1.5 billion by 2009. By 2012 it was $1.9 billion. Today their revenues are estimated to be somewhere around $2 billion per year.

Greg Renker Real Estate: In 2016, Greg and his wife Stacey spent $11 million to buy a beachfront home in Capinteria, California. Today the 5-bedroom home is estimated to be worth $16 million. Neighbors include Ashton Kutcher/Mila Kunis and Ellen DeGeneres.

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Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.