Michael Fux Net Worth
Michael Fux is an American businessman who owns an enviable collection of high-end vehicles. He has an estimated net worth of $200 million as of early 2017. He is also the CEO of Comfort Revolution, a company that produces mattresses and pillows. Despite his wealth, he shares his wealth with various charitable organizations. He recently donated to the Make-A-Wish Foundation and the Breast Cancer Research Foundation.
Born in Cuba, Fux moved to the United States when he was fifteen. His family lived in a one-room apartment in Newark, New Jersey. During his childhood, he and his siblings were impoverished. They shared furniture from the Salvation Army.
When he was seventeen, he started his first business, a used battery and tire shop. He soon began to gain momentum and attracted larger investors. In his first year of business, he earned $72 million. The company, known as Hecht Co., had its headquarters in Washington, D.C. However, after a few years, the business became sluggish. Hecht Co. was subsequently sold.
When Fux was young, he dreamed of owning some of the finest cars in the world. He even helped his grandfather steer a taxi. Eventually, he purchased his first vehicle, a 1949 Dodge coupe. He bought the car for $25 and remembers the day he purchased it with great affection. His passion for cars only grew as he aged. He has since purchased dozens of luxury rides. Some of his most prized possessions include a Ferrari Enzo and the McLaren 720S.
Fux’s dream of owning exotic cars prompted him to start buying high-end cars. He has purchased more than 150 vehicles, including BMWs, Mercedes-Benzes, Lamborghini Aventadors, and Rolls-Royces. He has also acquired several Aston Martin DBS models. He plans to put his entire car collection in a museum. The vehicles are currently residing in a 30,000-square-foot garage in Milford, New Jersey.
In addition to his cars, Fux has an impressive collection of over 160 other vehicles. Some of his cars are painted in some outrageous color schemes. He owns two Porsches, a BMW, and an Alfa Romeo. He has also recently acquired a McLaren Senna. He has a large amount of property in several parts of the world. In 2013, his Miami penthouse sold for $16.0 million. He also owns a home in Manhattan’s One Beacon Court. He is very active on social media, sharing images of his incredible collection.
In recent years, he has been developing other businesses. He founded a mattress company, Sleep Innovations, in 2011. He has been involved in the memory foam mattress industry. He also started a pillow manufacturing company, Comfort Revolution. Earlier this year, he invested in a company called Positive Beverage. He was the CEO of the company and has invested in several other companies.
During his years in the mattress and bedding industry, Fux made millions of dollars. He has also given substantial amounts of money to several charitable organizations, including the Breast Cancer Research Foundation and Operation Smile. In fact, he has contributed $20 million to the Make-A-Wish Foundation.