Kevin O'Leary, or Mr. Wonderful as he prefers to be called, is perhaps the most ruthless Shark of them all.
Kevin began his business ventures at an early age. Right after finishing college, Kevin and a few friends launched a television production company which was eventually bought out for $25,000 by one of his partners. Shortly after that, Kevin started his next company from his basement which he started with a $10,000 investment from his mother. This company, Softkey, primarily produced software for home audiences such as shareware game software packages in a "jewel-case" CD-ROM. By 1994, Softkey turned into a major player in the educational software market, and in 1995 Softkey acquired The Learning Company (TLC) for $606 million and moved out to Boston. In 1999, Softkey, which was now The Learning Company, was bought out by Mattel for $3.8 billion. However, after sales took a huge dip downwards, Kevin left the company and stepped away from what was one of the worst acquisitions in history.
Moving on, Kevin became a director in a company called Storage Now, which developed climate-controlled storage facilities. This company eventually became one of Canada's largest storage services companies. Mr. O'Leary then moved on to private equity and focused specifically on healthcare and technology related investments. He also joined boards of and committees of various institutions and even started co-hosting shows on the Business News Network and the Discovery Channel.
After establishing a reputation for himself as an investor, Kevin began his firm O'Leary Funds and really worked on building his portfolio through investing in early-stage companies with high-growth potential in various industries.
Kevin now gives the daily business report on CBC's The Lang and O'Leary Exchange. He is also more famously known for being the tough one on the panels in Dragon's Den as well as Shark Tank.
- "I am Mr. Wonderful."
- "Stop the madness!"
- "How do I make money?!"
- "Today is the luckiest day of your life. You met me!"
- "Here's how I think of my money - as soldiers. I send them to war every day and I want them to take prisoners and come home so there's more of them."
- " You're dead to me!"
- " Sure, let's all sit around and sing Kumbaya together!"
Kevin released his first book, Cold Hard Truth: On Business, Money & Life in 2011, which is about lessons on entrepreneurship and finance, as well as some of his experiences and insights in the business world. He came out with a sequel in 2012 entitled The Cold Hard Truth On Men, Women & Money: 50 Common Money Mistakes and How to Fix Them. This book focuses on personal money management techniques as well as contains tips on how to gain more financial freedom.
Check out Kevin's Website