Billionaire Profile
David Siegel
Global Rank
#448

Image: Taxiarchos228 | FAL | via Wikimedia Commons

David Siegel

CEO, Hedge funds
UNITED STATES
Real-Time Net Worth
$7.98B
Estimated based on Hedge funds stock value as of April 20, 2026
0% (24h)
Age
89
Source
Westgate Resorts
Industry
Finance & Investments
Citizenship
UNITED STATES

Biography

David Siegel (1935-2025) was a prominent American entrepreneur, best known as the founder of Westgate Resorts, a leading timeshare company. His source of wealth stemmed from his ventures in the hospitality industry, particularly through Westgate Resorts. His career was marked by significant achievements in real estate and timeshare development, building a vast empire of resorts. Siegel's story is a testament to his entrepreneurial spirit and his ability to build a substantial fortune. He was married to Jacqueline Siegel.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life

David Alan Siegel was born in Chicago, Illinois, on May 3, 1935. He grew up in Florida. He graduated from Miami Senior High School in 1953. He studied marketing and management at the University of Miami but dropped out. His parents were Sid and Sadelle Siegel.

Rise to Success

Siegel's career began in real estate, and he later entered the timeshare industry, founding Westgate Resorts in 1982. Under his leadership, Westgate grew into a major player in the timeshare market, with numerous resorts across the United States. He founded Westgate Resorts in 1982 with a single property, and it grew into a large empire.

Key Business Strategies

Siegel's success was built on strategic acquisitions and aggressive marketing, making Westgate Resorts the largest privately-held timeshare company in the world. The company owns and operates numerous resorts in prime vacation destinations across the United States. His business also included real estate, construction, hotel and apartment management, travel services, insurance, transportation, and retail.

Philanthropy

Following the death of his daughter Victoria from an accidental drug overdose in 2015, Siegel and his wife, Jackie, established the Victoria's Voice Foundation. The foundation focuses on raising awareness about opioid abuse and supporting prevention efforts.

Career Milestones

1982

Founded Westgate Resorts

Established Westgate Resorts, a timeshare company that became a major player in the industry.

2011

Founded the Siegel Family Endowment

Founded the Siegel Family Endowment to support organizations that prepare society for the impact of technology.

2025

ARDA Lifetime Achievement Award

Received the ARDA Lifetime Achievement Award from the American Resort Development Association.

Philanthropy & Social Impact

Drug Awareness and Prevention

Victoria's Voice Foundation

Undisclosed

Foundation established after the death of his daughter Victoria to raise awareness of opioid abuse and support prevention efforts.

Controversies & Challenges

2008

Sexual Harassment Lawsuit

Siegel was found liable in a sexual harassment lawsuit filed by a former employee.

2012

Employee Email Controversy

Siegel sent an email to employees suggesting that a victory for Barack Obama could lead to layoffs or changes in company operations.