David Siegel Net Worth
$500 Million
David Siegel net worth is estimated to be around $500 million, making him one of the most successful entrepreneurs in the timeshare industry. As the founder, president, and CEO of Westgate Resorts, he has built a massive real estate empire, offering high-end vacation properties across the United States. His leadership and business acumen have played a key role in Westgate’s growth, cementing its place as one of the largest timeshare companies in the country.
Siegel gained additional recognition through the documentary The Queen of Versailles, which followed his family’s attempt to construct the “Versailles” mansion—one of the largest and most luxurious homes in the U.S. The film also highlighted the financial challenges he faced during the 2008 housing market crash. Despite those setbacks, Siegel successfully recovered and continues to thrive in the real estate and hospitality industries.
David Siegel Net Worth And Lavish Lifestyle
David Siegel net worth is estimated to be around $500 million as of 2024, largely due to his success in the timeshare industry. As the founder and CEO of Westgate Resorts, Siegel has built a vast empire in luxury vacation properties, making him a major player in the real estate and hospitality sectors. His business acumen has allowed him to amass significant wealth, solidifying his reputation as a leading entrepreneur.
Siegel and his family are known for their extravagant lifestyle, which was prominently showcased in the documentary The Queen of Versailles. The film follows their ambitious attempt to construct one of the largest and most luxurious homes in the United States, the “Versailles” mansion. Their lavish way of living, coupled with the financial challenges they faced during the 2008 economic downturn, provided an inside look into the highs and lows of extreme wealth. Despite past financial setbacks, Siegel has maintained his fortune and continues to thrive in the industry.
Who Is David Siegel?

David Siegel is a renowned American entrepreneur and businessman, best known as the founder and CEO of Westgate Resorts. His influence extends across multiple industries, including real estate, hospitality, and investment. Over the years, Siegel has made a name for himself as a leader in the timeshare industry, spearheading large-scale developments and luxury vacation properties. Beyond his business ventures, he has also been the subject of public attention due to his extravagant lifestyle and the construction of one of the most ambitious residential projects in the United States.
David Siegel Wiki
Attribute | Details |
Full Name | David Alan Siegel |
Date of Birth | May 3, 1935 |
David Siegel Age | 89 years old (as of 2025) |
David Siegel Height | 6 feet (182 cm) |
David Siegel Weight | Approximately 167 lbs (76 kg) |
Profession | Businessman, Entrepreneur, Philanthropist |
David Siegel Net Worth | Estimated $500 million |
Nationality | American |
David Siegel Early Life And Education
David Siegel was born on May 3, 1935, in Chicago, Illinois, into a family with a strong business background. His parents, Sadelle and Sid Siegel, owned a grocery store, which provided him with early exposure to the world of entrepreneurship. When David was ten years old, his family relocated to Miami, Florida, where his father continued his grocery business. This move played a crucial role in shaping Siegel’s future ambitions, as he grew up witnessing the challenges and rewards of running a business.
He attended Miami Senior High School, where he developed an interest in business and marketing. After graduating, he enrolled at the University of Miami to study management and marketing. However, rather than completing his degree, Siegel chose to pursue real-world business opportunities. This decision set the foundation for his future success, ultimately contributing to the impressive David Siegel net worth he would later accumulate through his ventures in real estate, tourism, and timeshares.
David Siegel Career And Business Ventures

David Siegel’s career began with various entrepreneurial endeavors, but he gained prominence through his role as the founder of Westgate Resorts, a leading timeshare company. Established in the 1980s, Westgate Resorts grew into one of the largest timeshare firms in the world, offering luxury vacation experiences to families. In addition to Westgate, Siegel serves as the CEO of Central Florida Investments, Inc. and Central Florida Investments Resorts Management, Inc., companies involved in travel services, retail, telecommunications, and construction.
Siegel also explored the entertainment industry, co-founding the Mystery Fun House, an Orlando attraction that operated from 1976 to 2001. Additionally, he produced the movie Night Terror in 2002. His business empire faced challenges during the 2008 financial crisis, significantly impacting his wealth and real estate ventures. Despite this setback, he managed to rebuild his business and maintain his standing as a key player in the industry.
The Queen Of Versailles
David Siegel and his wife, Jackie Siegel, became widely known through the documentary The Queen of Versailles (2012), directed by Lauren Greenfield. The film chronicles their attempt to build the Versailles house, an extravagant 90,000-square-foot mansion in Windermere, Florida. Modeled after the French Palace of Versailles, the mansion features 14 bedrooms, 32 bathrooms, 11 kitchens, a bowling alley, a skating rink, and multiple swimming pools.
Construction on the home began in 2004, but the 2008 financial crisis brought progress to a halt. The documentary captured the family’s financial struggles and their efforts to save their businesses while attempting to complete the ambitious project. Years later, as their finances stabilized, construction resumed, with Jackie Siegel taking the lead in overseeing the project.
David Siegel Personal Life And Family

David Siegel has been married three times and is a father to nine biological children, along with two adopted children. He was first married to Geraldine Florence Sanstrom from 1961 to 1969, followed by a marriage to Bettie Tucker from 1970 to 1997. He later married Jackie Siegel in 2000 in a Jewish ceremony.
Tragedy struck the Siegel family in June 2015 when their 18-year-old daughter, Victoria Siegel, was found unresponsive in their home. She later passed away due to a drug overdose, prompting David Siegel to become an advocate against drug abuse and addiction. The family’s loss was deeply felt and became a turning point in their public outreach efforts.
David Siegel’s Age, Height, And Weight
Attribute | Details |
Age | 89 years old (as of 2024) |
Height | 6 feet (182 cm) |
Weight | 167 lbs (76 kg) |
Health & Lifestyle | Active and disciplined, maintaining involvement in business and personal affairs |
Business Influence | Continues to play a significant role in managing Westgate Resorts and other ventures |
David Siegel Controversies And Legal Issues

Throughout his career, David Siegel has encountered several legal and public controversies. One of the most significant cases occurred in 2008 when he was found liable in a sexual harassment lawsuit brought by Dawn Myers, a former employee at Westgate Resorts. Initially, the jury awarded Myers $5.4 million in damages, but a judge later reduced the settlement to $610,000. This case brought significant media attention, adding a layer of scrutiny to Siegel’s business empire.
Despite this legal challenge, Siegel remained focused on his business ventures. He continued to grow Westgate Resorts and maintained his leadership in the real estate and hospitality industries. While controversies have occasionally surrounded him, they have not prevented him from sustaining his influence in the timeshare market. His ability to navigate legal and financial difficulties has played a role in maintaining the David Siegel net worth and his standing in the industry.
David Siegel Entrepreneur’s Awards And Recognition
David Siegel, a prominent figure in the hospitality industry, has been the recipient of numerous prestigious awards throughout his career. His innovative leadership and commitment to excellence have earned him several high-profile honors, each reflecting his remarkable influence on the business world. One of his most significant accolades was the Ernst & Young Entrepreneur of the Year Award in 2002. This recognition highlighted Siegel’s exceptional entrepreneurial achievements and innovative approach to business.
In 2006, Siegel received the Horatio Alger Award, a prestigious honor recognizing individuals who have overcome significant adversity to achieve success. This award underscored his perseverance and resilience, qualities that have been key to his success. Additionally, Siegel was awarded the Ellis Island Medal of Honor in 2010. This honor is given to individuals who have made substantial contributions to American society while embodying the values of freedom, democracy, and hard work. These awards cement David Siegel’s legacy as a leading figure in the hospitality industry and as an influential entrepreneur.
David Siegel Legacy And Influence

David Siegel has built a lasting legacy as a pioneer in the real estate and timeshare industries. His career, filled with both triumphs and challenges, demonstrates the complexities of wealth and ambition. As depicted in The Queen of Versailles, Siegel’s journey reflects the unpredictable nature of business, highlighting both extraordinary success and difficult setbacks. His ability to recover from financial struggles and adapt to changing economic conditions has solidified his reputation as a resilient entrepreneur.
Despite facing personal losses and economic downturns, Siegel continues to innovate within the luxury vacation sector. His contributions to real estate development, particularly in the timeshare industry, have reshaped how people experience high-end vacation ownership. Through his achievements and setbacks, Siegel remains a prominent figure whose impact on the industry is undeniable.
FAQs About David Siegel Net Worth
1. What is David Siegel net worth?
David Siegel net worth is estimated at $500 million, primarily from his timeshare company, Westgate Resorts.
2. Why is David Siegel famous?
He is known for founding Westgate Resorts and for his family’s ambitious mansion project, featured in The Queen of Versailles documentary.
3. What is The Queen of Versailles about?
It’s a documentary about David Siegel’s attempt to build one of the largest homes in the U.S. and the financial struggles during the 2008 crisis.
4. What awards has David Siegel received?
Siegel has received the Ernst & Young Entrepreneur of the Year Award, the Horatio Alger Award, and the Ellis Island Medal of Honor.
5. How old is David Siegel?
David Siegel is 89 years old as of 2024.
6. What happened to David Siegel’s daughter, Victoria?
Victoria Siegel passed away in 2015 due to a drug overdose, leading David to advocate for drug abuse awareness.
7. What other businesses is David Siegel involved in?
He’s also involved in Central Florida Investments and was a co-founder of the Mystery Fun House.
Conclusion
David Siegel’s career has been marked by exceptional achievements and notable setbacks, reflecting the unpredictable nature of wealth and business. His impressive net worth, estimated at $500 million, is a direct result of his innovative leadership in the timeshare industry and his role in founding Westgate Resorts. Siegel’s life, featured in the documentary The Queen of Versailles, has sparked interest due to his extravagant lifestyle and his family’s ambitious ventures. Despite personal tragedies and financial challenges, Siegel has shown remarkable resilience, maintaining his standing as a key figure in the luxury real estate and hospitality sectors. His story continues to inspire entrepreneurs and business leaders, solidifying his legacy as one of the most influential figures in American business.
Stay in touch for more updates and alerts visit: Usa Digital World!