Billionaire Profile
David Siegel
Global Rank
#441

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 March 6, 2026
0% (24h)
Age
89
Source
Hedge funds
Industry
Finance & Investments
Citizenship
UNITED STATES

Biography

David Siegel (1935-2025) was a prominent American businessman, best known for founding Westgate Resorts, a leading timeshare company. His career spanned real estate, hospitality, and various other ventures, contributing to an estimated net worth that peaked at $8.0 billion. Beyond his business achievements, Siegel was involved in philanthropy, particularly through the Victoria's Voice Foundation, established after the tragic loss of his daughter to an accidental overdose. His career in the hospitality industry brought him numerous awards and recognition, solidifying his legacy as a successful entrepreneur.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

David Alan Siegel was born in Chicago on May 3, 1935, to a wealthy Jewish family. He moved to Florida with his family, where he graduated from Miami Senior High School. Siegel's early education included studying marketing and management at the University of Miami, though he did not complete a degree.

Rise to Success

Siegel founded Westgate Resorts in 1982, starting with a 16-unit resort in Kissimmee, Florida. Under his leadership, Westgate Resorts grew into the largest privately held timeshare company globally, with resorts across the United States. His career also included involvement in the hospitality industry.

Key Business Strategies

Siegel's key business strategy involved perfecting and refining the timeshare concept, making it a fast-growing segment of the tourism industry. His expansion included more than 13,500 rooms at 22 resorts across the United States.

Philanthropy

After the loss of his daughter, Victoria Siegel, to an accidental drug overdose in 2015, Siegel and his wife established the Victoria's Voice Foundation, aimed at raising awareness around opioid abuse and supporting prevention efforts nationwide.

Career Milestones

1982

Founded Westgate Resorts

Established Westgate Resorts, a timeshare company.

2002

Ernst & Young Entrepreneur of the Year Award

Received the Ernst & Young Entrepreneur of the Year Award.

2006

Horatio Alger Award

Awarded the Horatio Alger Award.

2010

Ellis Island Medal of Honor

Received the Ellis Island Medal of Honor.

2015

Founded Victoria's Voice Foundation

Established the Victoria's Voice Foundation to combat the opioid epidemic.

Philanthropy & Social Impact

Addiction Prevention

Victoria's Voice Foundation

N/A

Foundation focused on drug education, addiction prevention, and support for families.

Controversies & Challenges

2008

Sexual Harassment Lawsuit

Named in a sexual harassment lawsuit, which was later settled.

2012

Defamation Lawsuit

Filed a defamation lawsuit against the Sundance Institute and filmmakers of 'The Queen of Versailles'; case resolved through arbitration.