Sean Quinn
Executives

Sean Quinn Net Worth

8 months from now

Sean Quinn is an Irish businessman who was born in Derrylin, County Fermanagh, Northern Ireland in December 1947. He had a net worth of $100 thousand and was listed as the richest person in the Republic of Ireland in 2008. Unfortunately, he filed for bankruptcy in 2011.
Sean Quinn is a member of Executives

Age, Biography and Wiki

💰 Net worth: $100 Thousand (2024)

Sean Quinn, an Irish businessman born in Derrylin, County Fermanagh, Northern Ireland in December 1947, is currently estimated to have a net worth of $100 thousand as of 2024. Quinn has had a notable entrepreneurial journey, particularly in the fields of manufacturing and insurance. However, due to various financial challenges and legal issues in recent years, his net worth has significantly decreased. Nonetheless, Sean Quinn's contributions to the business world have left a lasting impact, and his story serves as a reminder of the ups and downs that can be faced in the pursuit of entrepreneurial success.

Sean Quinn net worth: Sean Quinn is an Irish businessman who has a net worth of $100 thousand. Sean Quinn was born in Derrylin, County Fermanagh, Northern Ireland in December 1947. He was listed as the richest person in the Republic of Ireland in 2008 but he filed bankruptcy in 2011. Quinn led the Quinn Group which at some point was estimated to be worth between four and five billion Euros with a pre-tax profit of 439 Euros in 2007. In 2012 Sean Quinn was sentenced at the High Court in Dublin to nine weeks in jail for continued asset stripping as well as non-co-operation with the Irish Bank Resolution Corporation. Quinn arranged a payment of 500 thousand Euros to the general director of Quinn Properties Ukraine right before he lost control of the company. His net worth took a big hit from 2008 to 2009 during the recession. He lives a very private life but is married and has five children who all work in the family business.

Loss of Fortune: In 2008, Sean Quinn was the richest person in Ireland, with a net worth of about $6 billion. Just three years later, he filed for bankruptcy. Quinn was the owner of the Quinn Group, which owned a bank worth about $5 billion in 2005. In 2008, the global financial crisis caused the Quinn Group to take a huge hit. The Anglo Irish bank, part of the Quinn Group, represented about half of Quinn's wealth. During the recession the bank nearly collapsed, slashing Quinn's net worth drastically.  Then in 2008, Quinn Insurance was fined $3.2 million by the Irish government. Multiple court cases further reduced his massive fortune until finally, on January 12, 2012, the Republic of Ireland declared Sean Quinn bankrupt. In November 2012, he was jailed for three months for contempt of court, having allegedly engaged in asset stripping  by arranging a payment of $500,000 to the general director of Quinn Properties Ukraine, just before losing control of the company. Sean Quinn went from being worth $6 billion to $0 in just four years.

Some Sean Quinn images

You may also like

About the author

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.